Major Changes To The MOJO Swing Trade Service

Published: Tue, 10/08/13

Tuesday October 8, 2013

Hello MOJO Swing Trader,

I had this email prepared earlier today and was hesitant on sending it. Now my spidey senses are tingling telling me to regroup and restructure. Get into a cash position and play from a standpoint of strength and not weakness. To take a step back and use what cash is available at the present moment to capitalize on the current condition and drive what is available now to higher levels. The the hits and make it up.

Why try to row upstream? (especially with the stock market rapids we are in now). The government shutdown and market meltdown is not ending anytime soon. The fear is back in the markets as demonstrated by the VXX position. The stock is now $17.00 share, up $2.50 from the levels MOJO bought on July 30th. I feel the stocks in motion will stay in motion and the trend is your friend. MOJO does not want to fight these fundamental principals.

The markets are treacherous and the strong will survive from here out. What will be strong are the stocks with solid earnings estimates increased to the upside all with focus on CANSLIM.

I am making a strict program structure that must be adhered to moving forward in-order to be very successful with MOJO. We have reviewed what has worked an what has failed. Capitalizing on the winners and Not marrying losers is a MOJO fundamental methodology.

Every Sunday you will get in PDF format the Swing Newsletter with (1) to (3) new picks for the week and a watch-list of stocks with potential for the week
The Model Portfolio will hold a maximum of 5 positions. (easier to follow less positions and monitor stops
Position size = 5 positions X $20,000 each = $100,000 model portfolio
Positions will be scaled into to increase high probability trades.
Trades will be maximized - selling half for a profit and NEVER selling the second half lower than the first half
HARD STOPS will be followed as per the spreadsheet (you must maintain your own stops at these prices)
The Model Portfolio will focus only on CANSLIM Stocks mostly between $1.00 and $10.00 per share
There will be a video update (2) to (3) times per week

I am looking at the swing portfolio and there are a few stocks that have been holding up like champs and show good promise from today of higher prices to come. They are:

Data IO Corp (DAIO) picked - cost $2.95 - currently $3.05 (keeping with HARD STOP at $2.95)

Skullcandy Inc (SKUL) picked - cost $6.12 - currently $5.75 (keeping with HARD STOP at $5.66)

Cambium Learning Group (ABCD) picked - cost $1.53 - currently $1.40 (keeping with HARD STOP at $1.30)

VXX - IPath S&P 500 7/30 - have stock at $15.00 with the October $15.00 covered calls - will be called away on 10/19 for profit

Also I am looking at the swing portfolio and want to clean house. Some stocks are performing like a dog with fleas. These stocks are down and MOJO will be selling them from the model portfolio (taking the loss) and will be moving those funds into other stocks that MOJO feels can make money easier than the pooches with fleas we are now in.

Rest of the month strategy - there is 3 weeks left to make some good picks and turn the loss position into a profit position by then end of the month.

Therefore I will be selling:

Drexion Daily Gold Miners NUGT $57.76 CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Drexion Daily Gold Miners NUGT OCT $52.00 Cov. Call NUGT $2.40 CLOSING TAKING PROFIT 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Houston American Energy (HUSA) - CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Refill Energy (REFG) CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Medical Marijuana (MJNA) CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Remark Media (MARK) - CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Livedeal Inc (LIVE) - CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Celsion Corp (CLSN) CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

Mast Theraputics (MSTX) CLOSING TAKING LOSS 10-9 = Will be selling - getting in cash - restructuring Swing Portfolio

BG Medicine (BGMD) - stopped out at $.80

Vringo (VRNG) picked - cost $2.75 - Sold half today $2.93 at highs and second half on reversal $.10 cents lower - reversed out

I am making a new welcome video - when I finish it I will send it to you for your review and feedback. Thanks for sticking with MOJO through the roughness here as things are about to get smoother.

A video Update on all these moves will be forthcoming - making it right now and will send by end of this evening.

Thanks for reading, and profitable trading!

ProTrader Mike
email: info@mojodaytrading.com
Skype: protradermike
website: http://www.mojodaytrading.com

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Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

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