Top Swing Trader Wins With This Swing Trading Strategy | Guerilla ...

On Tuesday, July 31st, I got the following email and text alert from JB:

"Just bought 15,000 JRCC at $2.01 swing, probably a 1-4 day hold given this week will be unstable due to Wednesday's FOMC announcement. Earnings are about a week away and 30% float short and coal seems to have hit bottom.

This was on the Daily Watch List last night and it also on the Master Watch List."

Today, just one day later, JB sent me the following alert:

"Excellent 2 day swing currently up 14%. Sold half JRCC at $2.25 up 12% and and half at $2.27 up 13% for over $4,000 profit. Nice way to start August."

Within minutes, testimonies started coming in over JB's live chat:

"Jason, thanks again! In JRCC @ $2.24 - out @ $2.40. $800 to the good." - Thomas M.

"Trailing stop kicked in on JRCC...stopped out with a 9.3% profit or $3,050 from yesterday. Thanks JB!" - Eric B.

"Well I paid myself JRCC in $2.09 out $2.26 +1,100 in just a few minutes...thanks JB good pick!!" - Meg

OMG you guys. With my old method of trend trading and using Market Club, I'd still be sitting there with my finger up my nose waiting for a tradeable trend to form with some green buy triangles. LOL... man we've come along way haven't we?

This is what I keep trying to explain and I don't feel like I've done a good job at. The "trend is your friend" strategy is dead right now. The ranges are too tight and the market is really trendless. We are in a trading market not a trending market.

So we switch from a trending strategy to a trading strategy to be able to make money in this market. Another way of saying that is we can make money with micro-trends, short 1 to 4 day bursts for 5% to 10% gains then get out. JB is an excellent market timer, i.e. micro-trend trader, i.e. swing trader.

Now how I can prove to you, beyond any doubt, that we are in a trading market from an objective point of view is by using the ADX line on SPY. [pull up spy chart with adx line] When the ADX line is falling, we are in a trading market, when it's rising, we are in a trending market. You want to switch to a ride the trend strategy when the ADX line is rising. You want to switch to a swing trading strategy when the ADX line is falling or is low.

Did I explain that ok you guys? Keep sending in your feedback and questions because that's how I know what I need to explain better.

Now back to JB's latest pick JRCC. I'm sort of bummed that I didn't buy this pick. I was in the family van on the way to a doctors appointment to get my eyes checked. Ever since I broke above the 40 years old resistance line, my vision has noticeable gotten worse. Yeah, don't laugh. You'll get old one day to. We got the whole families eyes checked even my 7 year old daughter Hailie because she was complaining about headaches and things be blurry for her in class. I've bought myself some glow-in-the-dark contact lenses. When I close my eyes I can still see. You young subscribers out there, take it from uncle Lance, eat your carrots because carrots are very good for the eyes. Think about it. Have you ever see a rabbit wearing glasses? Think about it. So the text alert came through for JRCC and by the time I got to where I was going and settled to log in with my smartphone to make the trade, JRCC was already up to $2.25. The alert when out at $2.01 so there was no way I was going to chase a JB pick. Uh uh. Been there done that. You guys that reminds me, don't chase JB picks. Because he's a swing trader and we're going for small 5% to 10% moves over 1 to 4 day holds, you can't chase anything. Either get the stock close to JB's alert price, or pass on it until the next alert comes.

Let's take a look at the JRCC trade and see if we can get inside JB's head and why he bought this stock based upon the methods he teaches his members.

The market cap in JRCC is 76.35 million. That's between the $10 million and $2 billion market cap JB likes to see.

The beta is a sizzling 3.02, how awesome is that? Now JB likes a beta of 1 our higher but preferably 2 or higher. So this beta of 3 is hot you guys.

The average volume for the last 3 months is 2.4 million so the stock is liquid enough for us to trade in and out of.

Now when we look at the short interest days to cover, we only have a score of 2.48, that's way below the 3 days to cover or more that JB likes. But don't throw in the towel on the short interest just yet. Notice that over 32% of the total float is short! That is a huge number folks. So getting inside JB's head here, we see that he's willing to go below the 3 days to cover or more on the short interest IF 30% or more of the float is short.

Next when we look at JRCC on Finviz to spot any longer term support and resistance levels, we see that when JRCC was at $2, JB was betting that this was the low from the previous support and that we could get a run up to the top of the channel resistance at around $3.05

We also check to see if JRCC has a history of making nice bounced off previous support areas. The answer is an emphatic yes.

Zooming in to look at a 10 minute chart on JRCC we can see that $1.90 was the June low. So JB was looking for, what he calls a candle over candle coming off that $1.90 support.

Finally, JB looked to see if there was a catalyst that could lift JRCC off that $1.90 support. Coal has started to rebound and since James River Coal Co. (JRCC) is a coal miner, it made sense that coal stocks could bounce here. Is the price of coal rebounding a good catalyst for a coal mining stock? You bet it is.

Folks JRCC is the kind of stock picks you'll get when you join JB's service. I mean come on, 13% winner in 1 day! What has the S&P 500 done over the last day? It's gone down! Trades like this are why JB ranked #3 out of 10,480 traders tracked by the independent tracking firm Profitly. Click on the link below to find out more about JB's stock alert service. And if you sign up to his service through me, I'll personally help you every step of the way. I am in JB's live chat each morning for the first 30 minutes to 1 hour of trading. You'll also be able to email me anytime you have a question, concern, or just want to say hi. Grab your mouse and click on the link below to find out more about JB's stock alert service. It may be the smartest decision you've ever made and I truly believe that. I think JB's service is nothing less than life changing. Imagine finally making enough money at stock trading that you can quit your day job and trade at home for a living. Folks, I've seen people in JB's service buy a new car and even put down a payment on a new house. Build your account today, live in your dreams tomorrow.

Take Your Trading Up To The Next Level With JB! He's On A Hot Streak Right Now! Click Here To Learn More!!

Take Your Trading Up To The Next Level With JB! He's On A Hot Streak Right Now! Click Here To Learn More!!

Source: http://www.guerillastocktrading.com/lessons/top-swing-trader-wins-with-this-swing-trading-strategy/

camille grammer us supreme court breaking dawn part 2 trailer mississippi state chris carpenter chris carpenter dick cheney