How to Swing Trade the Rubber Band Bounce Setup: UCO LIVE TRADE |
The third trade in our “live trades” series reveals how I trade the rubber band oversold bounce setup.
It’s a fun setup. It’s a profitable setup. It’s also a commonly mistraded setup.
There are key mistakes traders are making when trying to catch oversold bounces; in today’s video I reveal exactly how to trade the rubber band setup profitably in 4 easy steps that focus on:
- Extreme oversold levels
- Key entry signals
- Exit strategy
This is a live trade alerted to Swing Trade Report members seconds after entry. We have taken partial profits and moved our stops up to lock in big gains. Once the “lotto” position is complete, I’ll update with another video.
This video is the third in the “Live” trading series.
Remember, members of the swing service get all of these trade alerts intraday in real time.
This swing trading service is great for those that work and can’t monitor the computer all day. We have in-depth nightly reports on the game plan for the day/week, and all stock picks that I trade will be alerted and emailed to you.
Originally published at bullsonwallstreet.com on August 15, 2016.