WEAT - Massive double top short opportunity using wheat etf

Double top
Volume profile showing a lot of supply
Seasonal data favors downside until mid September

Plan your trades before executing the trade. How much are you willing to bet? Where will you get out? How will you lock in profits?

Risk: 60 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)

You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas

Comentário:

Initiate profit protection and break-even point. You can use...
1: Mark Minervini's back stop technique (not a trailing stop)
2: Peter Brandt's 3 day trailing stop technique
3: Your own

Trade ativo:

Target met.
Closed out 50%.
Initiate Peter Brandt's 3 day trailing stop on the remainder of position, which is now a free roll.