Most of the time I buy small caps but from time to time I’ll short sell them if there’s a juicy profit to be made.
Wednesday evening, January 23, 2013 I told my clients to add PRCP to the watch list as a potential short sell in the coming days.
“PRCP – Hyped up with all the other 3-D printing companies right now this is starting to get volatile, look for a retracement to $8 and stop on a $9.30 breakout. Notice the overbought RSI.”
Thursday the price action confirmed my thoughts and Friday I went short at $8.85 and alerted my clients. Now if you don’t know how to short sell stocks and make money when they fall, it’s really easy and I can teach it to you when you sign up. I have a full 1 hour lesson dedicated to it.
So anyway, here’s the chart I gave my clients when this trade was shorted and alerted in real-time Friday at $8.85.
BEFORE
Here’s the chart from today. I covered the short at $7.83 up over $1 per share on this predictable dump.
AFTER
I’m a swing trader which means attempts to capture gains in a stock within one to four days using technical analysis to look for stocks with short-term price momentum. I’m not always interested in the fundamental or intrinsic value of stocks, but rather in their price trends and patterns. I teach my clients not to fall in love with stocks, but instead use them as money making vehicles, something this client is finding success with after many years of buy and hold.
“Recently, I dabbled in some mutual funds, and bought some FB and SBUX stock, but just broke even. Since I signed up with you last week, I’ve been watching the videos, researching stock and following your lead on the trades. I’m very excited about trading regularly for the first time, truth be told, I always wanted to be a stock broker and an investor (ever since I saw Wall Street as a young man). Making money with you on the PRCP trade seriously made my month!! I look forward to many more successful trades in 2013.” ~ Tobey W.
If you’d like to learn more about swing trading or even day trading, sign up today, I’m Wall Street’s true teacher of trading with a Masters in Education and 10 years experience as a professional educator. If you’d like to learn how to make over $5,000 on trades like this, or about 15% in a few days, I’m your guy.
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