Below here you’re gonna see not only the day and swing trade for tomorrow but because it’s a new month, we get to rebalance our investment portfolio for the people who are playing along there
Tonight's free trade: HOOD
Robinhood Markets (HOOD) runs the commission-free brokerage app that popularized zero-fee trading in stocks, options and crypto with retail investors. It closed Wednesday at $112.50, down 3.2%.
This is a Mean Reversion trade. HOOD is deeply washed out. My buy limit sits under Wednesday's close, so it fills only on further selling.
The order goes in before Thursday's open. To copy into your broker:
Buy limit $109.13, day order
Size: about 5% of your account
Stop: none, by design
Time exit: sell at the open Mon Oct 5
It fills only if HOOD trades down to $109.13 on Thursday. If it has not filled by Thursday's close, it expires.
Shares are 5% of your account divided by the price. On $10,000 that is $500, or 4 shares.
There is no stop by design. The trade ends at the time exit.
I give away one trade a night, usually the order closest to filling. Members get the rest of Thursday's sheet tonight. That is 12 more swing orders in 10 other stocks, 21 day trades, and tonight's exit plan for all 7 open positions.
October's free investment: LITE
Once a month I also rebalance my investing portfolio. It holds 19 positions this month, with 10% in cash, and only changes at the start of each month.
The data picks the names and I place the orders. Half the money goes into momentum and strength stocks, and the other half into a global ETF rotation.
Lumentum Holdings (LITE) makes optical and photonic products. It sits in the Momentum Stocks group this month.
Place it before Thursday's open, Oct 1. For your broker:
Buy at the open: market order, day order
Size: 5% of your investing account
Exit: sell at the open Mon Nov 2. Members see whether it stays for November.
Stop: none. The monthly rebalance is the only exit
On a $10,000 investing account, 5% is $500. LITE was about $971.26 a share when the orders were sized, so $500 buys no whole share. One share at 5% needs about $19,500 in the account.
I give away one name from the portfolio each month. Members get the other 18 below, each with its weight, plus the cash slot and the names to sell at Thursday's open.