The Warlock – Kenny Glick – here.
Let me be clear about something.
I don’t own stocks. It’s awesome.
But Kenny, how do you make money?
Simple, I rent crappy stocks, like Revlon (REV), a bankrupt cosmetics company.
But Kenny, Revlon is down so much from its 52-week high…and the EBITDA Kenny. THE EBITDA!!!
Lemm stock you right there. I typically don’t care about 52-week highs. I don’t care about financial metrics or ratios. I don’t even know what EBITDA means.
All I care about is blue line to orange line. AKA the greatest trade in the greatest trading market I’ve ever seen.
Like I said, I rent these companies. This is what I teach how to do daily in Warlock’s World.
If you’re thinking about buying stocks for the long term, welcome back to 8%.
The years of the 30% gainers are gone. The government isn’t propping up this market anymore, and we’re getting back to a real market.
And 8% per year is about as good as it gets for the year. Hell, we might even have some years where the market goes down.
Meanwhile, Revlon (REV) yesterday broke VWAP and never looked back.
Revlon (REV) broke VWAP, highlighted by the white circle, shortly after 11 a.m. ET, when the stock was trading at $4.30.
From there on out, the stock remained in an overall upward trend, offering plenty of opportunities to take profit – selling into the move to the upside.
Revlon also offered plenty of opportunity to re-enter the trade, with multiple pullbacks, dip and rips, and kardashian bottom breakouts.
If none of that made sense to you….then it’s time to join my Warlock’s World.
Because while this market flits about to the upside and the downside…
While stocks are exposed to massive headline risk and macro factors most of us don’t even understand…
In Warlock’s World, we’re finding stocks like Revlon (REV) every day. And I teach my community how to make money trading these crazy names.
And at the end of the day, we own no stocks. We don/t have to worry about our positions overnight. We simply get up in the morning and keep repeating the greatest trading day ever.
So if you’ve always been interested in day trading, then you owe it to yourself to check out Warlock’s World.
That’s all for now, VWAPians!
Kenny “The Warlock” Glick
June 22 2022