By: Steve Smith
On the 28th of last month, I sent a recommendation to my Options360 subscribers for a position in FB.
The very next day, the stock broke badly and we had to adjust.
I knew it was possible the stock might go against us, but I didn’t think it would be so soon or so drastic.
We made the adjustments and I kept monitoring the stock closely.
It’s always bad when a stock goes against you, but when it happens as quickly and drastically as in this trade…
Well, you just hunker down and wait for the worst.
But remember what I always preach about monitoring and managing positions, because this terrible trade is a perfect example of what can happen.
After the adjustment, we were on the right side of the trade, and on the 18th of February, we exited the trade for a 35% gain in just 21 days.
It’s not a superstar trade, but being able to keep a calm head and properly manage the trade turned a massive loser into a respectable winner.
This week I am looking at some of the cyclical stocks from the last commodity supercycle.
You can find out what I am looking to buy this week by grabbing your $19 trial subscription to Options360.
To Your Success,
PS. I’m really excited about the trades for this week, but you could miss them if you don’t click here now and grab your trial subscription.