Stock Trade of the Week : Dec 13, 2013 Ichimoku 7 Time frame Sell LTM Life Time fitness
This stock is from the SP400. The S&P is extremely strong bullish. As a result, we are going to setup the trade on the 1h time frame to keep the risk low. The entry is 46.21, initial stop of 47.17, and a preserve mode of 45.01. We are looking a 1:1 reward/risk or higher when we place the trade so it will become a 3:1. This would be a min. reward of 1.2 and a max risk of 0.96. This is over 1:1 which is what we are looking for. We are also going to use options by buying a put to keep our risk low. Here is the chart setup:
We entered preserve mode and exited the trade around preserve mode too.
If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at firstname.lastname@example.org
EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and Options Trading has large potential rewards, but also has large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provided on the Blog is for educational purpose.