Honestly, I don’t have any idea about the fundamentals of this stock. I don’t know what it does, what it produces, who runs it or what. But when I was allocated $100,000 initial capital to trade in NASDAQ I know won’t be able to afford Apple (AAPL) stocks if I use our risk management calculations. So I searched for something cheaper and found RFMD, upon checking the chart, in a blink I know it’s a good killing because the SWAG triggers are about to cross.
I went ahead and executed the standard procedure; calculate risk, apply SWAG, sit tight, Lather-Rinse-Dry-Repeat, as pictured above 9.59 was the entry. How much did we made for sitting tight?
We made $420.00 at Day 1, but we’re not closing yet, we’re not one-scratch-one-peck traders, we’re baggers and we’re going to milk this stock until it bends then move to the next prey. I don’t care how much are we going to make, I care more on how much are we going to lose, for now we’re still very much afloat. Because if we lose everything we’re out of the game. SWAG works in NASDAQ!