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(Note the short timeframe.) This is a swing trade. Looking at the chart, you can see how the stock likes to go down to $90-ish, and then go up to $100-ish. That's 10% that you can trade and trade. He always buys on the bounce.
He feels that all oil will break out eventually. He's hoping to get $100 on this, though it's pulled back a bit. If it gets there, he'll probably sell and then get back in if it returns to the bottom. If it doesn't, his buy price was close to the bottom so he isn't losing anything.
(Note the short timeframe.) We have a yin and yang market. He just published a video yesterday on this, with 4 technical reasons why the market is bullish, and 4 fundamental reasons why it's bearish. His conclusion is that we'll probably get a pullback in the near term, and then it all depends on what the orange man says next ;)
He's holding some cash because markets rarely make V bottoms. A pullback to the 200-day moving average or so is likely. And then maybe the market will go up. But he can't make that call today.
(The total return depends on how and where an investor held the cash.)
Doesn't use physical stop losses because traders can head-fake the retail investors, push them out of a stock, and then swoop in. Instead, he uses a "mental stop loss" and it's always based on support. For high-beta stocks, you have to give it a bit more room because things can whip around.
He bought this a few days ago, as it was pretty washed out. Bouncing off the old support of 2022. His mental stop is just below $45 or so. Hold as long as it goes up, get rid if it fails.
Essentially, he looks for lower highs and lower lows. Also the 200-day MA and the 50-day MA. If these are breaking, he takes another leg out. It depends on how much cash you want to raise. He does a quant reading once every month, in the first week, and it's called the Bear-o-meter (see it on his blog). If it's neutral or bearish, he's going to look for more cash (though neutral would mean raising less cash).
Usually, the amount of cash he'd raise each time would be around 3%, but could be 5-6% or more if things get really ugly. The economists always say "it depends", and that's his answer too.
He offers an online trading course on his website.
Always start with the big picture chart (3 years at least), and then move down. This 3-year chart is in an uptrend, so now we can go back to the YTD chart. Broke out of its base, but has pulled back from the uptrend. Don't want to see it break the previous low, and we're there today.
If it bounces up, that's good.
Bounced off support level, so that's good news. He's looking at a near-term (1-year) chart, so take that into account. Consolidating around the neckline, and then broke out. Make sure that neckline is not broken. Might retrace, but generally looks OK. Next resistance ~$140. Decent-looking picture.
Likes EMs in general because they're not North America. US and Canadian credit ratings are under pressure. Markets in US are overdone. He's focusing on outside US. India made a pretty good deal on the tariff side. See his blog yesterday, "International Opportunities".
The dip was a chance to buy, now basing. Should hit old high of $55-56 lickety-split, and then keep going. He's just done his first leg of 2%, aiming for 6% eventually.
Brand-new position for him. Seems to be breaking out of resistance after basing. Former peaks are resistance targets. Likes it as part of his commodity complex. Bought his first 2% because of the breakout. If it breaks down from resistance, he'll take one leg out. If it fails long-term support, he'll get totally out. Yield is 3.68%.
(Analysts’ price target is $86.54)Started dipping in this week. Got almost cut in half from levels late last year. His fundamental analyst likes the potential opportunities. Will probably go up and down quite a bit. As long as it doesn't crack the low point where he was just buying it, then he'll stay in the trade.
May not make it back to $30, but has some upside. A "spendy" government got in, which means infrastructure, and that's good for this name. Yield is 4.17%.
(Note the short timeframe.) He wanted to trade the trading range. He never uses physical stop losses, as you can get whipped out. It broke down from $85, so then he counts a minimum of 3 days -- yesterday, today, and he'll see what happens tomorrow. If it stays down, on Tuesday (US markets closed Monday) he'll sell the position.
Some trades don't work out. The best traders lose money on trades, but it's how much you lose that's important. You take a bit of a haircut and you move on. Rather than hanging on and hoping, while you watch it go down and down.