Twopercentgoal.com is proud to announce that it has made its best pick of the year thus far. SCP Pool (NYSE:POOL) earned 19.2% in 5 trading days. For those receiving daily emails showing stock recommendations to buy or short, they would have seen that a recommendation to short SCP Pool on February 17 was given. At the morning bell, SCP Pool opened at 264.27. Its 2 % goal was only 259.09 but the downward pressures were too great and the stock shattered that mark and continued falling.
It met its goal the first day and continued falling. Its biggest one-day drop happened two days later February 19 where the stock fell 14%. The next question is, when do you exit the trade? By implementing our strategy of putting in a stop loss, one penny higher than the intra-day high, you will get out when the stock starts to climb. The stock continued falling for two more days but then triggered the stop loss and we exited the trade on February 24 getting out at 221.67 earning a 19.2% profit in five trading days. Extrapolated over a year that represents a 998.4% annual return.
While this is an impressive gain, we are also admit that this is a rarity. A successful pick averages 3% but we will take the big winners when they come. We also strongly recommending diversifying. We strongly recommend not putting more than 10% of your portfolio on one pick.
At twopercentgoal.com we are swing traders, not day traders. The difference is the time horizon. A true day trader does not own a position before trading opens nor after trading closes. He buys and sells his shares intra-day. A swing trader’s time horizon is several days to several weeks. Our sweet spot is usually one week.
We use several technical analysis tools to enter and exit our trades. We look at relative strength index (RSI), 50-day/200-day moving averages, the moving average convergence divergence (MACD), the on-balance volume and the stochastic oscillator. All signals must be telling the same story before entering the trade. This works for going long or going short.
Our goal is simply to make 2% per week with this methodology. By doing this consistently you can realize a 100% return over the course of the year.
By clicking the following link, you can see in the chart that SCP Pool met all the criteria and a handsome return was the result.
Go to http://twopercentgoal.com Sign up for the daily remail to get stock recommendations to buy or go short. The email is free for the first 30 days and then $49/month thereafter. Good luck with your investments.
Cheers,
Al