Trade Plan: BUY (at market close)
Here is what happened:
(click to expand)
Commentary: This started off as a loser trade (going south instead of ling), but because the metrics were so damn good… (they beat solid on the EPS and revenue and the forward guide)…. we felt this move was a “sell on the news” and would bounce, so we did a Trade #2 on the bottom to mitigate the loss. Members in the trade room watched the action and it was good learning experience. Because we had 5% dialed as the stop it hit – this was an easy trade to earn back the lost nickel and then some. Still to stay true to our performance measurement we have to write this one as a loser.
Jump Zone Profit: -7%