Hey Everyone,

Here it is, April 1st.  The start of a brand new month.  A breath of fresh air, a clean slate… call it what you will, I am just glad to have broken this three day losing streak.  After 2 solid months of amazing potential gains (if you were to play each watchlist setup and real time trade), I am very happy to be back on track and starting April with a bang!  What a great day, there were so many setups that looked good. 

In last night’s video watchlist, I also mentioned PIR (Pier One Imports) could reverse, which it did.  I did not have a specific Buy or Sell trigger price, but that is fine, as we did well with the other setups.  My subscribers have come to know the strategy quite well, and that includes some critical rules.  One of which is to NEVER chase a buy trigger, especially if it gaps.  The other key rule is to NEVER buy the triggers during the first 15 minutes of the market open.  This is where people get thrashed and lose a lot of money.  The market is wayyy too volatile to be predicting a move here- if the trigger is hit in the first 15 minutes of the market, the trade is VOID unless it can come below the trigger and hit later in the day.  No exceptions.

As you know, my first trade of the day was SNSS .  This setup actually had a buy trigger of $.90 last night, but it gapped well over this and opened around $.94 or so.  I waited a bit, and actually broke my own rules and bought at $.938… stupid trade on my part, I need to practice what I preach sometimes.  I was stopped out at $.925 because I like to cut losses quickly, for a 1.39% loss.

From there, I immediately saw my opportunity in FIG today.  In last night’s video watchlist, I detailed why FIG was a stellar buy at the $4.00 ranges.  In fact, I featured FIG in a video last week with a $4.00 target as place to start a position.  You will see in the chart below, I bought FIG at $4.01 and took profits early at $4.14 because of the long weekend.  I initially recommended FIG as a swing trade, which I still feel is a great swing trade here, but I lock in profits quick just to play it safe.  Longer term swing traders may wish to ride it further, either way, a profit is a profit.

How the real time alert in FIG worked out today:

As you can see, it was a slow and boring trade, which I did tell subscribers it would be more of a 1-2 hold or a swing trade.  It still looks good here, but I locked in my predictable profitsate afternoon strength.

Another real time alert today was SRGL – Source Gold.  This has been on the nightly video watchlists for the past two nights as a potential stocks I feel would collapse soon.  The strategy behind this is simple- this was a recently promoted stock, and I felt a collapse was imminent.. just like MSEH.  Luckily I found shares to short at Interactive Brokers… which was surprising because my trading platform did not give me the solid green light indicating shares were available, so I place the limit order for 3,500 shares to sell at $1.70.  About 15 minutes later, 1500 shares of my order were executed at $1.72 per share.  The best posible short entry was $1.75 after my alert as the stock bounced a little today.  I ended up covered at $1.37, although the day low was actually $1.26.  I am glad I covered there, because the stock actually bounced back pretty quickly.  All in all, it was a nice predictable profit… this is not a strategy I developed, but simply strategy I learned from Tim Sykes.  This short strategy is a perfect compliment to my scalp/swing strategy, so these are setups you should expect from me in the future.

Here is a chart of how the SRGL scalp went down today (pun intended):

On last night’s watch list I outlined the reasons I believed HEK would be a good swing play at $5.90.  As you can see from the chart below, this was a great example of the buy triggers and why it is important to wait for the trade to play out before entering it.  Currently, we have a sell target of $6.15-$6.25, but many subscribers already locked in a gain at the end of the day in order to lock in profits before the long Easter weekend.

Here is the chart for my failed SNSS trade today, as you can see, I took my losses quick in order to focus on better trades.  My strategy is to cut losses quick, and focus on much better trades.  The big picture here is “small losses, much bigger gains” which is the only true method to use when trading stocks. 

Have a great weekend.  The market is closed tomorrow for Good Friday.  I hope this is just the beginning of what is to come this April, let’s make this another great month! 

Please see the YouTube video for last night’s setups:  http://www.youtube.com/watch?v=p2GtqhlZ7oU

Regards,

Kris
ProphetAlerts.com Staff