Glossary and Notes for The Wagner Daily:

First, a few words about gaps: Opening gaps often increase the risk in entering a new position that triggers immediately on the open. Because of this inherently higher risk, we have designed the MTG Opening Gap Rules, which we recommend you review and use at all times.

Trigger = Exact price that a stock or ETF must trade through before we will enter the trade. If a long position, we will only enter the stock if it trades at the trigger price or higher. For a short position, we will only enter the stock if it trades at the trigger price or lower. It is really important to only enter the position if the trigger price is hit, otherwise the trade becomes riskier.

Target = The anticipated price we are expecting the stock to go to. However, this does not mean that we will always hold the stock to that price. If conditions warrant, we will sometimes take profits before that price, in which case we will notify you of the change.

Stop = The price at which we will have a physical stop market order set. As a position becomes profitable, this stop price will often be adjusted to lock in profits. Again, you will always be notified of such changes in the next daily report or intraday if you subscribe to intraday updates.

SOH = Sit On Hands (Don't Make Trades)

Closed P&L listed in the Reality Report is based on the actual price at which we closed the trade, not just the theoretical target or stop price listed for each stock or ETF. Open P&L is based on the closing prices of the most recent trading day.

Unless otherwise noted, average holding time is 1 to 4 days once a position is triggered. Updates on open positions are provided daily.