Week 9 Trades Review (Video)
Stocks headed mostly sideways last week despite the indexes easing across the line into new high territory. Once again, highs didn’t prompt the same response we’ve seen to dips (buying), leaving the indexes looking sluggish after significant 10-week rallies.
Inside the Bandit Hideout, we took a number of trades, so I wanted to offer a video recap of each of them. Once again, the numbers game of trading proved essential as several stopped trades were offset by some nice winners. Diversifying trading directions, timeframes and strategies has some big advantages.
I wanted to give you a show-and-tell look at the trades I took this week. It should give you a feel for not only how I managed my trades, but also the kinds of setups which have been working well of late. And for those curious about our trading style in the member area, this should give you a good indication of what a typical week looks like. Check out the trial if you’re interested in adding our ideas to your own.
(Direct video link is here for those interested in embedding it elsewhere to share).
Be sure to view in HD (720P) and full-screen mode for best quality in the video.
Trade Like a Bandit!
Jeff White
Producer of The Bandit Broadcast
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Jim | Mar 8, 2012 | Reply
Jeff,
These video’s are very helpful. Are the 1% dollar amounts since stock have different price’s?
Thanks
Jim
Anonymous | Mar 9, 2012 | Reply
Thanks Jim, glad you’re enjoying them! The 1% is my starting point for risk on day trades (hit the day trading strategy page on the main site for details). That’s due to it being adequate for most stocks and still allowing a multiple of that in terms of potential on the profit side since most stocks I’m trading can move 3-5% without issue.
I’ll adjust my risk slightly downward for expensive stocks, and widen it some on cheaper stocks as per their unique character.
Hope this helps!