Hey y’all,
One of the coolest things about doing my job is getting to see some “behind the scenes” stuff from our experts.
But, as I told you when I took over this role, one of my goals in writing these newsletters is to get you more info from our experts than ever before.
So I’m in a little bit of a pickle…
Do I spill the beans on something cool that I heard about yesterday a little before it’s “ready for the public?”
Or do I keep it a secret and risk y’all missing out on a potentially cool trade setup?
Hmmm…
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Just kidding. There was never any question!
Yesterday, I got a call from Alex Reid, who is one of the experts in our trading family that you might not know as well.
But Alex is a legend in the momentum trading game. He’s one of the very few people I know of who called the Silicon Valley Bank collapse before it happened, and he even pegged Palintir (PLTR) as a stock to buy LONG before its explosive growth over the last few years.
Alex had been telling me he was working on a cool new indicator and he called me yesterday to show it to me.
Now, I can’t give away all the details yet, but what I can show you is just how awesome this thing looks. Not only does it print a “call” or “put” signal, it automatically prints a momentum-based profit target on every entry.
Look at these recent wins its called on T and TMUS.
You can see the crystal clear call signal, the white, dotted profit target line, and then you can see both stocks explode past their target!
Now, of course, every example won’t be that perfect. Like any indicator, sometimes it will call breakouts that don’t happen. But still, you can see why I’m excited to get my hands on this tool!
And now to the really good stuff…
This morning, I was playing around with it, and I saw a great potential setup on Procter & Gamble (PG)…
I decided I was going to mess around and get in a trade on PG, because I think this indicator is awesome…
Now, to be clear: I am not an expert. I’m just taking this trade for my own personal enjoyment. Maybe it wins, maybe it doesn’t!
But I asked Graham for a wrap order that would work on this target, and this is what he sent over:
I followed that to a T but ended up paying a higher debit (1.50). Once filled, I set a credit limit order (GTC) at $2.10.
I should note that Alex generally recommends going a month out on options for these, so I am being way more aggressive… could completely blow up in my face!
But it’ll be fun to see how this trade plays out!
I’ve seen enough from this Wave indicator to be really impressed. And I’ll keep you posted on any future updates as I play around with it more!
To your prosperity,
Stephen Ground
Editor-in-Chief, ProsperityPub
