One of my favorite triggers on a stock is the red to green move, also called “R/G.” We use this many times a week as a way to time our entries in particular stocks. Essentially, we use this trigger when a stock is weak in the morning and then rebounds and goes green, so it’s positive for the day. This often leads to the stock shooting up.
It’s important to note that not every stock responds to a R/G move. I find it work best on stocks that either have a big washout/flush, or on momo stocks that are breaking out and open weak in the morning. These are scalp trades that usually last a few minutes, at most.
We entered $ZOLT at $8.20 and sold our last positions in the $8.8s! It took roughly 1/2 hour. That’s the type of stuff we do in the chatroom; we trade big momo and we go for fast money! If you like this video I have a whole host of them on the site that are public. If you really want to learn how to trade profitably, checkout our comprehensive trading Bootcamp. If you have any questions, just email me and I’ll help you out. Kunal@bullsonwallstreet.com
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great video..a lot of talk about red to green last night. mb did a great job and this is good to have even more clarification on why this set up happens. $$$$$$$$$$$$