May 22, 2015
Trades & Tutorials
By Geoff Bysshe
Yesterday, 5/21, AIG continued is orderly ascent which is dramatically outperforming the markets, but it was time to take profits.
On the other hand, yesterday was the ideal day to buy the dip in NXPI, and it rocked up $4 which may be the just the beginning of a new leg up.
In the webinar we presented Wednesday evening, "How To Find Explosive Moves In All Market Conditions", Keith covered how I've been trading AIG using what we call "Slingshot" set-ups.
In this video tutorial I show you more details of why I have been so focused on AIG as a stock to have a core swing position which I add to on dips and take profits on targets.
I'll also show you how I've used some of the same trading tactics I've shown you here in these complimentary Trades Tutorial videos. You'll see how I use the reversal pattern to both enter near the low of the day and take profits near the high.
Plus, I'll reveal HOW and WHY I also used this simple pattern to catch a $4 move in one day another stock, NXPI which I've also been trading for a while. I think I forgot to mention in the video that this one day $4 trade was actually and "add" to a position I already had as a swing trade. So just like in AIG I was watching for opportunities to add on a dip and take profits on rallies while I maintain a core swing position.
Everything in here can be applied to other stocks and ETFs! For example, After you watch the video check out OIH yesterday (5/21).
I hope this video helps, leave any question or comments below, and if you're seeing this post before 5/24 you can probably still
tap here to catch the replay of the webinar that teaches you all about one of my favorite "slingshot" trade setups.
