🚨I’ll be live at 2:30 p.m. ET with Alex🚨
It’s Friday, and we’re closing out the week with high-impact setups. Alex Reid is putting the Free Ride Scanner to work to identify weekend swing trades where institutional flow is surging. Plus, I’ll do a deep dive into Gold and the potential impact of a weakening dollar [tap to join us for Profit Panel]
Here’s something that trips people up: Can you be long one stock and short another at the same time?
The short answer is yes — and I do it all the time.
I’ve had several days where I’m long calls in one stock and long puts in another, running opposite directions, and they’ve both worked out. That’s not magic. It’s just understanding that each stock moves on its own setup — its own news, its own gap behavior, its own technical picture.
Some of the best trades come from what happens right after news drops. Thanks to a little-known phenomenon that shows up in that window, we can often leverage those washed-out tickers for powerful opportunities.
So when my scanner shows me a clean long setup in one ticker and a clean short setup in another, I don’t force them into the same narrative. I just take what the chart is giving me.
Now, if that makes your head spin, don’t do it. You’ve got to get your brain right when you’re short something and long something at the same time. It isn’t for everyone, and that’s fine.
A Real Example From Last Week
Last week was a perfect illustration. I shorted Spotify (SPOT) and bought Occidental Petroleum (OXY) — two completely opposite trades, same day.
As I said at the time, I shorted SPOT last week and bought OXY — those were the two trades I had on in opposite directions. Some of the trades you saw weren’t from backtesting, they were live trades I actually took.
One gapped down and stayed weak. The other gapped up and held.
I didn’t need to pick a side on whether the market was bullish or bearish. I just needed to read what each chart was telling me and size accordingly.
How I Think About It
The key is this: These aren’t macro bets. They’re individual stock setups.
Some stocks are working, some aren’t, and your job is to sort them out one by one. If you’re waiting for the market to give you permission to go long or short everything at once, you’ll miss a lot of clean opportunities.
I also keep expectations grounded. During the last earnings season, we had an 86% win rate. Between earnings seasons, looking at every trade that fired off, it dropped to around 55-56%.
That’s the reality of trading — it speeds up, it slows down, it ebbs and flows. That’s why modest size matters and why perfection isn’t the goal.
Risk management is a huge part of being comfortable on both sides of the tape. I always take profit off.
If you’ve traded with me, you know we’ll typically lock in 20-30% on part of the position, then let the rest run. That way, even if one side of the book doesn’t behave, the other can still carry the day without stressing your account.
So yes — if the scanner shows me a moonshot and a crash-out on the same day, I’ll put both out there.
Just make sure your position size matches your comfort level and don’t force yourself into a style that doesn’t fit. Trade the setup, not the story.
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Geof Smith
Geof Smith Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Everyone Panics… Then This Happens Next in the Market
Most of the “buy and hold” investors out there are practically living life on the edge.
They keep their eyes glued to the news and jump in and out of any stock that shows up on the headlines.
However, when investors run for the hills and panic sell, that’s usually a green light for the kind of opportunities we pursue daily.
Take the recent dump of Applied Materials, for example, thanks to China tensions.
Or even Disney stock slumping on a falling theme park report.
These “red flags” create the perfect setup for a 10-Minute Moonshot once the initial panic subsides and institutional buying begins.
And if you know how to look…
You can plug into these 10-Minute Moonshots and target a double, even triple-digit payout the same day before lunch.
Now, we can’t make trading guarantees here…
But I’d like to show you how to spot stocks that are in line for massive institutional buying at the open…
As well as how to tap into those transactions every single day.
Interested?
Get Started With the Details Right Here
Disclaimer: We develop tools and strategies to the best of our ability but no one can guarantee the future. The profits and performance shown are not typical to any one individual and you may lose money. The trades shown are from historical data in order to demonstrate the potential of the system..
