Using The Bandit Broadcast
This page is intended to help you use The Bandit Broadcast picks in an effective manner and help you get more out of your subscription. Please also see Jeff White’s Swing Trading Blog for trading-related articles posted every few days which discuss trading topics not found in the stock newsletter.
When you read The Bandit Broadcast, the picks should remain on your radar for the following 5 market sessions. This means the Sunday evening newsletter has picks which may trigger anytime through Friday. The Stock Bandit uses Trade-Ideas.com for keeping stocks on a watch list for 5 days. This is an easy way to remove the picks from 6 sessions ago and add new picks from the most recent newsletter. This real-time alerts software is useful in many other ways and is an integral part in The Stock Bandit’s personal trading. You may have another method for tracking the picks which is also fine. The Stock Bandit also keeps a running Trading List in the Member Area which includes all recent picks which are still valid.
Each Bandit Broadcast newsletter contains a number of charts with commentary and highlighted patterns. This picture will help to explain some other information shown on the charts:
The Bandit Broadcast picks may trigger on the first day after being shown in the newsletter, but fail to close above the entry price. Keep these picks on your radar, because they may just need an extra day or two before they take off! Just because a stock has triggered and initially failed is not a reason to remove it from your radar. Anything beyond 5 days after being shown in the newsletter is time for removal unless The Stock Bandit has highlighted that stock again.
When it comes to placing your orders, remember that The Bandit Broadcast picks are validated after they hit their entry prices. The Stock Bandit is not interested in owning stocks below their trend lines which are moving sideways or down. A move beyond the trigger price is confirmation that the stock is moving in the anticipated direction, so wait for the triggers before entering your trades.
The Stock Bandit’s brokerage of choice is thinkorswim. When it comes to speed, reliability, and continual enhancements to the software, thinkorswim is unsurpassed in our opinion. Of particular use in trading The Bandit Broadcast picks are the alerts features available at thinkorswim. Conditional alerts, bracket orders, and contingent orders may be set based on virtually any criteria for automatically getting you into or out of your trades. The Stock Bandit uses these order types for placing orders with regularity, and could not imagine trading without them!
Please also visit the stock trading strategy page as well as the Trading Rules, and the FAQ page for additional information which you may find helpful. Whichever method you employ for your trading, always remember that discipline is at the heart of successful trading. The Bandit Broadcast picks will not all be winning trades, so be sure to manage your losing trades properly by cutting them quickly. If they re-trigger, you can always re-buy them easily!
Your feedback is always welcomed, so please contact us. The Stock Bandit always appreciates your user feedback in an effort to continually improve the services provided.
Thank you again, and hope to have you around for a long and profitable relationship!
Sincerely,
TheStockBandit.com
