Below is our second installment of the 2014 edition of The PlayBook Checkup with Bella, author of One Good Trade and The PlayBook. During these sessions a trade archived by a new trader from our desk will be reviewed by Bella. Attendance is free for SMBU Tools subscribers, who can also ask questions during the event. Watch this review of Trash to Treasure Swing Trade ($PLUG).
Trader education highlights:
1. Under $5 stocks can be forgotten
2. Under $5 stocks can become oversold and inefficiently priced because of market disinterest
3. Technical levels based on when a stock was weak psychologically will most likely not be Resistance when the psychology of the stock changes
4. A high short interest can cause a stock to trade higher when it is strong
5. A broken stock gaining a contract from a reputable company can change the Street’s confidence in the stock
You can be better tomorrow than you are today!
Mike Bellafiore
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