Sabtu, 02 Oktober 2021

The Backside

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Hey Gang,

As you know, most of the time, my focus is on the long side, especially with penny stocks.

However, today I want to go over a critical concept and trade example.

The Backside

The Backside refers to the Backside of the move. For example, a stock with significant momentum to the upside suddenly breaks the uptrend and begins drifting lower.

It is essential to understand this concept because it might significantly improve risk management, among other things.

If you are long a stock, identifying the Backside might help you lock in gains and avoid giving back too much.

If you like shorting stocks, then being able to identify the Backside of a move might prove to be your most profitable strategy and edge.

For this case study, let's use the most current in-play name and runner, CEI.

Continue reading…

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Jeff Williams

P.S. The rumors are true…. Jason Bond is back at it again. This Sunday at 7 PM ET he is sharing his new watchlist and getting down and dirty with what we saw go down this past week.

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