Trade Alert - (ROM) March 23, 2020

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

Trade Alert - (ROM) – STOP LOSS

SELL the ProShares Ultra Technology ETF (ROM) at $88.47 or best

Closing Trade

3-23-2020

Portfolio weighting: 10%

Number of Shares = 100 shares

I am going to use this morning’s 1,000-point rally off the overnight lows to cut my risk. Over the weekend, the forecasts for the economy have dramatically worsened.

I am therefore selling the ProShares Ultra Technology ETF (ROM) at $88.47 or best.

Here is the specific trade you need to exit this position:

Sell 100 (ROM) at………….………$88.47

Net Cos.………..………….….....$8,847.00

Loss= $10,001.00 -$8,847.00 = $1,154.00

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.

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