A Perfect Fade in AXSM

In tonight’s video, we cover trades in stocks that appeared using our Stock Volatility Box scans.

In particular, we had a really nice trade in AXSM, which gave us a near-picture perfect trade. Our opportunity to short came as price hit our Volatility Box levels at $39.92, just two cents shy of the perfect entry for the entire day.

Our stop was outside of the Volatility Box at $40.65 and our target was at our target line, at $39.22. This gave us a minimum risk to reward ratio of 1:1, and let us trail our targets using the remainder of the contracts.

We also talk about how you can use the Volatility Box scan list from today to generate a list of tickers that you can focus on, as likely trending candidates for the next day.

Start trading with an edge, at the edge, and sign up for the Volatility Box today

Resources: