Trading Strategy- Profiting off CXTO while reducing your risk
ElitePennyStocks Newsletter
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Hello all, As you may recall, CXTO.PK (Green Equity Holdings, Inc.) is my latest pick, trading at only $0.08 per share. In this email, I am going to detail what to expect and how to trade this potentially explosive stock.
As you know, this stock is right under $.10 per share. After this stock breaks into double-digit territory, it`s game on and the momentum players will jump all over this thing. I would like to see you get in as cheap as possible in order to maximize your profit reward and minimize a possible loss if the stock does not play exactly to my plans.
I think a good profit target will be anywhere from $.12 to $.15 per share, which would be gains of 50%and 87.5%, respectfully. Like I said, I have higher expectations than my last pick that gained a healthy, but meager, 22% gains in a little over 24 hours.
A good stop loss to protect yourself would be $0.07, one cent below yesterday`s closing price of $0.08. If the stock dips under $0.07, you will want to cut your loss fast as obviously it is not moving in the right direction. This means you will be taking on only $0.01/share risk! That is nothing compared to the upside reward. Every trade you make has a risk/reward, this is a great calculated strategy here that will protect your risk while allowing plenty of room for profiting.
As CXTO moves up, I would suggest you lock in a profit and set a stop loss on the rest so you come out with a gain, even if the stock doesn`t hit my ideal profit targets.
Here is my detailed technical analysis again, you will see CXTO has a lot of upside potential here:
Good luck, put CXTO on your radar and focus on this one as many other stocks being talked about this morning do not likely have the upside potential as this one.
I wouldn`t feature this and spend the time to detail a trading strategy if I didn`t think you could put money in the bank with it! Good trading, Jeremy ElitePennyStocks.com Team ~~~~~~~~~~~~~~~~~~~~~~~~~~
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