Happy St. Patrick's Day to everybody! I am confident that MarketClub and the Trade Triangle technology can help you discover that Irish pot of gold at the end of the rainbow.
Today, I'm going to be following up on the weekend trades that I showed you in last Friday's video. If you go back and watch that video, you may want to fast forward through the first four minutes and forty seconds of the video to the part where I picked out stocks for the "52-Week High On A Friday" strategy.
Out of the four stocks I picked, three of them were excellent candidates and one did not make the cut. I will show you why you should not have taken this "52-Week High On A Friday" trade.
Here are the four stocks that I shared with you last Friday:
Do you remember the next step of the "52-Week High On A Friday" strategy? You exit the position immediately on Tuesday on the official opening of the market at 9:30 am EST. Win, lose or draw you are out on Tuesday's opening trade.
As a reminder, here are the trading rules for our "52-Week High On A Friday" strategy.
Rule number 1: On a new 52-week high, when the market closes at or close to its high on a Friday, buy long and go home long for the weekend.
Rule number 2: Exit the long position on the opening the following Tuesday.
Rule number 3: If the market opens sharply lower on Monday, exit the position immediately.
There you have it. These are the only three rules you need to trade the "52-Week High On A Friday" strategy successfully.
May the luck of the Irish be with you and every success using this strategy and the market-proven Trade Triangle technology.
Have a great St Patrick's Day,