Anthony Speciale Stock Market Analyst

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MORE MONEY, MORE QUICKLY, MORE SAFELY.

How I Booked a Quick Gain Shorting Apple Stock

I initiated a short trade on Apple a few weeks back. It was hovering around an area of indecision, but it had finally broken down.

I initiated a short trade on Apple (AAPL) a few weeks back. It was hovering around an area of indecision, but it had finally broken down. And once it did, I was on it!

I’ve realized as an analyst that every time you look at a chart, it has to be like the first time with a fresh view. So much can change right under your nose.

You don’t want to over analyze it, but you certainly need enough data to make sure you’re identifying the opportunities you need to be profitable.

Do they always go right? Heck no! That’s just part of the deal.

But most of the time when they go wrong, it’s because the analyst missed something they should’ve seen.

Let me tell you a little bit more about my AAPL trade…

The Apple Short

I await a weekly settlement above or below a support or resistance structure in order to initiate a trade. That’s just how my trade plan operates.

In this instance, it was a weekly settlement below a support structure. That support structure should now be considered a resistance structure.

And I’m trading towards the next fresh form of support… 1%+ short of an actual test.

I know I’m on the right side of the trade when risk should decrease and my reward should increase as time transpires. That’s trading with the trend.

Even though in this instance I have a longer time frame structure below, I’m still in a trend favoring position with more reward in the cards than risk taken.

Upon the settlement of the week of May 31, this trade was triggered. I entered short at $145.25, placed a stop at $152.00 and a target at $133.00.

How It Happened

At entry, I was risking approximately 4.5% and looking to gain approximately 8.5%.

Those were good enough odds for me on a weekly confirmation due to their high success rate.

As expected, the stock moved more than halfway to my target, and I was sitting up approximately 5.50% by June 10.

At this point, I advanced my stop loss to $150.00 to limit some risk.

As soon as price action trades within 1% of my target, I always moving my stop to breakeven while I await that last little drop to fill my order and exit the trade setup.

Here’s how it played out…

Weekly Chart of Apple (AAPL) – Source: TradingView

Price action opened much lower on Monday of last week and gapped right into my targe, offering a cool 9.5% return on the downside action in just six quick trading days!

This is how I like my trades to work out!

My Latest Project

I am currently very busy preparing to unveil my latest project…

You see, I’ve been able to make over $100,000 in trading profits for six straight years in a row without using any indicators.

That’s why I highly recommend you click right here to register your email address for the groundbreaking reveal of Project 6×6

It’s going live on June 21 at 1 p.m. EST. You don’t want to miss this!

Rules to Live By

“Stepping onto a brand-new path is difficult, but not more difficult than remaining in a situation, which is not nurturing to the whole woman.” Maya Angelou

Until next time, I wish you a beautiful and blessed day!

Yours In Trading Success,

Anthony Speciale Jr.

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