2. Targets Hit Here is one completed trade from Investment House Daily, offering insights into our trading strategy and the target that we have hit this week: Spotify Technology SA (NYSE:SPOT): SPOT gapped higher on earnings in late April. It then started to test the gap right after the move and came back to the 10-day EMA to start the month of May. It held nicely at that near support, so we put the play on to catch the continued breakout run. On May 6, SPOT broke higher. That was our entry signal. We moved in with July $150.00 call options for $10.05. SPOT moved smartly higher into May 12 and then tested in a one-two-three pullback into May 14. It tapped the 20-day EMA intraday and then reversed upside to close in the black. From there, it was all positive. SPOT rallied during the next session and held the gain. On May 18, SPOT hit our initial target. Thus, we sold part of the position for $16.50 and banked a gain of 84%. Then, SPOT got down to business. It surged 14 points during the next session and then added another 14 during the next one. On Thursday, SPOT surged to $196.75 and then started to falter. Since we figured that it could not get much better than this on this leg, we sold the rest of the calls for $44.10 and banked a 338% gain. Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here is one completed trade from Technical Traders Alert, offering insights into our trading strategy and the target that we have hit this week: Walmart Inc. (NYSE:WMT): This is a virus-winning stock because it was one of the few that was anointed as "essential." Thus, WMT was essentially printing money in the back room. However, we saw that the stock was moving in a flat line along the 50-day EMA. Thus, we wanted to play a renewed break higher. On May 12, WMT started higher. So, we moved in with June $125.00 calls for a rally toward the prior high from April. We bought the calls for $4.85 when the stock was at $125.31. WMT faded back some of that move and then rallied the next day. Then, it faded again. Since it was still holding its support, we let it work. The good news was that it finally started making upside moves stick on Friday and Monday. On Tuesday, WMT gapped higher on earnings that we knew would be strong. Actually, it gapped up to kiss the April high and started stalling. Since that was the move we were looking to play, we sold the calls for $7.80 and banked a gain of 60%. Receive a risk-free trial to Technical Trader and save 50% by clicking here now! Here is one completed trade from the Success Trading Group, offering insights into our trading strategy and the target that we have hit this week: Schrodinger Inc. (NASDAQ:SDGR): We like SDGR because it had already made us money on another trade that we enacted when we saw it test a mid-May break higher. More recently, SDGR moved to a new high on a breakout from a two-month base and then faded to test the 10-day EMA.
After it started higher, it broke to a new high on May 19 and cleared its base. As a result, we moved in and bought stock for $61.22. Then, SDGR enjoyed a strong session and surged higher. So, we opted to close the position for $64.46. This allowed us to bank a 5.28% gain. Now is a good time to become a member of the Success Trading Group. The system is geared towards bringing you consistent, short-term gains of 5-10% and you can expect four to six trades every month. To receive a risk-free trial and save 50%, click here now! |
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