I’ve been talking about my new Pattern Trader strategy a lot lately, and for good reason — we just closed our eleventh consecutive win, maintaining a 100% win rate!*
That’s right, since its inception on May 23, Pattern Trader hasn’t had a single losing trade.
No wonder it’s my absolute favorite strategy for the current market!
And this most recent trade happens to be our biggest yet — a 36%** overnight win on the Capital One Financial Corp. (NYSE: COF) Sept. 16, $110 strike call options.
You could also just play the stock, of course, but I prefer the risk/reward of options.
And just so you have the full picture of how this strategy is performing, from May 23, 2022, through Aug. 2, 2022, the average win rate on live trades is… you guessed it, 100%, with an average return of 17% and an average hold time of three days.
So the only thing atypical about our COF trade was the short hold time — and I’ll take that!
With the conditions we’ve faced in recent months, now more than ever, it’s important to expand the strategies we use to find the best opportunities in the market.
So while not every trade will be a winner, I put this strategy through extensive back testing and narrowed down five specific chart patterns that historically WORK. The entire strategy is based on scanning the market for those chart patterns...
Because not only do I want to identify the most promising opportunities for members, I want other traders to be able to harness the power of this strategy for themselves.
That’s why I’ve been sharing everything about this strategy… from how I set entry and exit price targets to calculate the profit factor… down to the five specific chart patterns it’s based on!
Like the Bullish Harami...
This is the pattern that triggered the most recent trade in Capital One Financial, leading to that 36% winner I mentioned above.
We typically see this chart pattern right before a reversal in a bear trend.
More specifically, we want to see the price contained within the previous day’s bearish candle.
In the chart below, the bearish candles are in red. If you look at a daily chart like the one below, you get them when a stock closes the day below where it opened. The next day, the closing price needs to be higher than the opening price.
Here we can see the Bullish Harami reversal pattern on July 27, the green candle below the arrow.
In keeping with the strategy for trading the Bullish Harami pattern, which I went over in a recent live presentation, we entered the trade the following day at the market open.
We then exited when the close was set to be above than the previous day’s high, which just so happened to be the next trading day!
You can learn more about how we use this information to calculate profit factors, set price targets and enter trades by watching the presentation here. And it doesn’t cost a thing to attend!
This strategy has exceeded my wildest dreams, and at a time when the markets are downright unpredictable.
That’s why I wanted to make sure everyone has a firm understanding of the patterns I’ve chosen as the basis of this strategy, and how they can be used to find opportunities like this — as well as an opportunity to get these alerts in your inbox.
If you have any questions, I’m here to help — I want you to succeed!
Pattern Trader members had the ability this past Friday to lock in their biggest win yet — a 36% gain** on COF in just two days! That’s right on par with our average hold time of three days per trade…
That makes a total portfolio gain of 188%, with an average return of 17.1% per trade — what a hot streak!
And it was all possible with the power of today’s state-of-the-art algos at the tip of your fingers…
Pattern Trader members know the historic win rate, profit factor and equity curve of the trades before they even get in!
That’s why I just went LIVE to break down the strategy for anyone who wants to learn about it, at absolutely no cost!
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From 5/23/22 to 7/12/22 on live trades the average win rate is 100%, the average return is 15.3% over a 3 day average hold time.
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