Two beautiful trades you probably ignored
It’s a good thing we're documenting this stuff and recording these trades live. Because honestly, it's getting scary how well these setups are working.
When aliens finally come down, go through the annals of human history, and try to figure out who the greatest trader was...I mean, it's pretty clear. His name is Kenny Glick. (Hopefully, they keep me as a pet.)
Jokes aside, the trades we are finding are becoming ridiculous. Case in point: Who even trades General Mills?
We do. Why? Because they reported earnings.
This trade exemplifies everything you need to know about our system. I wasn't looking to buy it pre-market. I was just stalking it. It was holding VWAP, breaking ranges, and it gave us a reason to buy it at $36.37.
Then, right at the open, it hit its peak. What do you think I was looking for? The "finger of God" rollover breaking VWAP. Because officially, it was a stock that gapped up on earnings and was now failing VWAP.
I became a shorter.
Even if you waited for the clear VWAP break, your entry was roughly $37.40. On a typical 1,000-share day trade, you shorted near $37.40 and it flushed to $36.75.
That’s a $750 profit in a 30-second trade.
But we weren't done. Four minutes later, it broke back over VWAP, ending the short trade. So what did we do? We waited for a new setup. We got the VWAP break back to the upside, flipped long at $37.40, and rode it back up for another 50 cents. All of this before 10:15 AM.
And then there was Nike.
Nobody was coming in looking to short it because it already got slammed overnight. We just wanted a reason to buy it. We caught a small move in the low 40s early on, but the monster trade came later. After a fake-out shake-out, it broke back above the 1-minute and prior-day VWAP.
We bought at $41.
We took some profits at $42.25, raised our stops, and managed to stay in the trade all the way to $43, where we top-ticked our way out for a major win.
Two stocks you normally wouldn't look twice at. Four beautiful trades.
I recorded a quick video summarizing exactly how these trades played out today. You can watch it right here.
If you’re already inside the room, I’ll see you tomorrow.
If you’re not in here yet and you're tired of missing out on these textbook VWAP trades, here is the link to join us.
Have a great weekend, be safe, and happy 250th to the country!
Click here to join us inside the Room.
Kenny Glick | Founder, Hit The Bid
P.S. A 30-second short on $GIS for $750, followed by a long trade on the same stock. Then a monster ride on $NKE from $41 to $43. The lines don't lie. Watch the video above to see how we did it.