On July 11, we bought Workday, Inc. ($WDAY) at $66.16. Now, less than a month later, the stock is trading above the $74 level (an unrealized share price gain of approx. 12% as of August 9).<\/p>\n
In this educational trading strategy video, we clearly show you how we used short-term trend lines to help us locate the most ideal, low-risk entry point for that actual momentum swing trade buy entry into $WDAY. Learn how you can apply the same techniques to your trading analysis as well.<\/p>\n
Press the play button to view the video below. For best clarity, view in full-screen HD mode by clicking the icon on the bottom right of the video player window:<\/p>\n
httpvh:\/\/youtu.be\/VhYtXHGqfeU<\/p>\n
Although we used an actual swing trade in $WDAY as our example in the video, our simple technique for using short-term trend lines to identify low-risk buy points can be used for any stock or ETF in a valid uptrend (click here<\/a> to learn how we identify the strength of a trend).<\/p>\n Try it and let us know how it goes for you. It’s definitely a winning strategy for us.<\/p>\n