Members Trade Alert: $CTRP Sold for a +20% Gain



BotTrigger Trade Alert: $CTRP sold @ $55.22 for a +20% gain since our $45.90 Buy Alert. With earning out tomorrow after the close on this one, we're going to lock in those gains & look to enter back long on a "relative" pullback. Whether it gaps up or down tomorrow...we'll wait for a relative pullback based on it's new trading range. It should be noted that we have no hard sell signal of any kind on CTRP right now. We're just securing the gains that we have. From trough to peak year to date, CTRP is already up over 35% in the last 5 months. We are also at a glaringly large distance above the 21 day moving average. It could easily gap higher tomorrow but we want to reduce exposure to downside risk on gainers that have moved "fast" to the upside. Chugging along to the upside is great but when you see heavy upside moves back to back it's always prudent to reduce on some of those gainers.


BotTrigger Trade Udpate: $CTRP tends to gap up on earnings & then pullback shortly thereafter, if not the very next day. Lets see how the Priceline of China does on this next earnings report come tomorrow after the close. Priceline reports today after the bell so a strong Priceline report will cause more upside on CTRP running into their own earnings report.


Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”