Banner

Lazy Trade Long & Short: LMCA & CPRT

10 October 2012
by Ryan Mallory

lazy womanToday's long and short setups involve two setups that have extreme appeal to them, and offer incredible entry-opportunities. 

The first is Liberty Media (LMCA), which for years now has been a great upward trending stock. But if you'll notice, it tested that trend-line to day on an insane amount of volume, formed a hammer, and blasted higher. 

The second setup is a short in Copart (CPRT), which ironically in the past, I have had ZERO success at going long on. So perhaps now, with a breakdown of the consolidation from the past month, it will finally give me those returns I always thought I could get out of it. 

Here's today's Lazy Trade Charts. 

Long: Liberty Media (LMCA)

Liberty Media Capital LMCA Longterm uptrending stock

Short: Copart (CPRT)

Copart CPRT

 

Comments  

 
0 # RyanMallory 2012-10-10 14:15
I ended up taking a position in both setups. Long LMCA at $107 and Short CPRT at 27. I'm using the stops identified in the post above. Sort of funny how they both rounded off perfectly on the trade but that's where they were at when I took the trades.
Reply | Reply with quote | Quote
 

Add comment


Security code
Refresh

                       

ryan1Ryan (@shareplanner) specializes in swing trading strategies and is the founder of SharePlanner which he created to help and teach others on how to trade stocks better using multiple approaches and time frames. Each day you can count on Ryan to provide his trading advice as well as transparency in every trade that he makes. Ryan Mallory resides in Central Florida with a wife of seven years as well as one lively son. More >>

Sign up and receive Ryan's stock picks, watch-lists and eBook


enter-the-shareplanner-splash-zone

twitterfacebookrss feedyoutubeemail


Splash Zone Banner for Day-Trading Live Stream Top

SharePlanner Academy

SharePlanner Investment System