Energy (XLE) led Thursday, up 1.95%. It is still down 3.1% over the last 20 sessions.
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 Thursday at $111.15, down 1.2%.
This is a Mean Reversion trade. HOOD is deeply washed out. My buy limit sits under Thursday's close, so it fills only on further selling.
The order goes in before Friday's open. To copy into your broker:
Buy limit $107.82, day order
Size: about 5% of your account
Stop: none, by design
Time exit: sell at the open Tue Oct 6
It fills only if HOOD trades down to $107.82 on Friday. If it has not filled by Friday'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 Friday's sheet tonight. That is 8 more swing orders in 6 other stocks, 27 day trades, and tonight's exit plan for all 11 open positions.