Night three. Every trade since Tuesday’s open is in the log at the bottom of this sheet, winners and losers printed the same size, nothing restated. That log is the product. The cards and the basket are how you keep up with it. Tonight’s free idea is below, as always.
Inside tonight's sheet: 7 new orders - 7 Mean Reversion and Surge Pullback limits resting quietly below the market, waiting for Friday's weakness to come to them. One of them - INTC, tonight's free Mean Reversion (Dip) setup - is open to everyone right below.
How to place it: enter a BUY LIMIT for INTC at $95.46, sized at about 5% of your account, good for the day only - if it never fills, it cancels itself and there is no trade. Do NOT rest a stop order for this one - the $80.41 line only counts on a CLOSE beneath it (an intraday dip through it is normal and is not an exit). The sheet checks it every night and the alert bot calls it if it triggers. Sell at the NEXT MORNING'S OPEN - one of three things always ends this trade: (1) a CLOSE above the prior day's high - the bounce arrived (the level rolls forward each day); (2) a CLOSE beneath the protective stop printed on this card; (3) neither happens and the calendar ends it - sell at the open on Thursday, September 24. For the calendar leg, set a dated market-on-open sell for that date.
