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Update: KOSP Day Trade
Jan 31, 2006 - Over 2% intraday gains after the breakdown setup on KOSP. These setups have been producing explosive gains, giving traders nearly instant results. Learn to identify these setups on your own...
UPDATE: KOSP hit the breakdown price and there was no turning back, plunging down for over 2% gains by the closing bell. For updates to future Day Trades of the Day or to join or Daily Chat room, visit our homepage at SwingTrades.com.
KOSP: Stock surged through a support area a several trading days ago with bearish colored candle. Since then the stock has traded in a tight range at the bottom end of the bearish breakdown candle, representing a consolidation and possible setup for further downside. Look to go short at 44.03 as the stock continues on its breakdown to new trend lows. We are looking for a MINIMUM intraday move of at least 1% should this alert trigger. The initial stop is set at 1 1/2%. For a more effiecient stop loss plan and intraday guidance, join us in our Daily Real Time Chat Room. Now available is our Day Trading Limited service. It will feature Day Trades like these delivered to your e-mail before the trading day begins. Even with limited access to the market, you will be able to day trade like the Pros: SwingTrades.com. *cancel any alert if stock gaps open above the trigger price
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swing trading...
P.S.- Oh by the way, now you can follow my team and I as we trade in and out of the market. This is the way to make gains, forget the theory. You'll learn fast what works and what doesn't by looking over our shoulders as we shoot to make 1 to 4% on our accounts every day. Go here to learn more... Disclaimer: Please note that charts and commentary provided by the moderator are for educational purposes only. Any trades placed upon reliance on the moderator’s charts or information is taken at your own risk for your own account. Past performance is no guarantee of future results. While there is great potential for reward trading stocks, futures and options, there is also substantial risk of loss and you must decide your own suitability to trade. Future trading results can never be guaranteed. This is not an offer to buy or sell stock, futures, options or commodity interests. Most trading systems are based on historical formulas which have worked in the past. However, what has happened before may or may not happen again. You can lose all your money trading stocks, futures, and options and you must decide your own suitability as to whether or not to trade. Only trade with true risk capital you can afford to lose. Only trade markets you can properly afford to trade. Properly funded trading accounts typically perform better than those that are not. Never risk more than 2-3% of your account on any one trade. Always define your risk before entering a trade and place a stop to limit your risk. There are no guarantees or certainties in trading. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system’s draw downs. If you are looking for a guarantee, trading is probably not for you. Most people lose money trading. One of the reasons is that they lack discipline and are unable to be consistent. A system can help you become consistent. Ironically, worrying about the monetary aspect of trading can contribute to and cause a trader to make trading errors. Therefore, it is important to only trade with true risk capital.
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Ken
Matsumoto - 
