MOJO Swing Trades - 11/14 - Thurday Evening Update

Published: Thu, 11/14/13

Thursday November 14, 2013

Hi MOJO Swing Trader,

That was awesome today.

I have gotten many email from the team thanks for letting me know how well you did today. FNMA we scaled in very nice with the first buy at $2.73 and the next buy at $2.78 and we sold all the way up in 2 spots $2.85, $2.90, $2.96 and on the reverse at $2.91. The stock at the end of the day squeezed above $3.00 and set a high of $3.10. Total block was 30,000 large and the total score $4,100.

Now, if this starts off positive expect the same trade play as today. The open may gap a bit and then it will drop on severe profit taking. It should go back under $3.00 and I want to see how far it does go down under that. Once support is found the shorters will then start to cover again and the buying will go in. That will be my signal to enter long and ride it for another trade. I will let you know in the morning and also eyeing a few more. We can go into the weekend doing the shakka lakka.

Sitting on a pile of cash now ya know :)

Thanks for reading, and profitable trading!

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

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