2. Targets Hit
Here are three completed trades from Investment House Daily, offering insights into our trading strategy and the targets that we have hit this week: Etsy Inc. (NASDAQ:ETSY): We entered ETSY on May 29 as it started to rally off of a test of the 20-day EMA following ETSY's prior six-week run upside. Then, the stock spent a week testing and started to rebound into the end of the month. When we saw it break higher, we bought August $80 call options for $7.10 and stock for $80.61. At first, the going was slow as ETSY could not continue higher with the bounce. It then faded back to the 20-day EMA to start June and spent a week there. It turns out that it just needed another couple weeks of rest because ETSY soon broke higher, even if it began to move in spurts. After a big jump on June 15, the stock slid higher and participated in another big move from June 19 into June 22. After that, ETSY paused and worked laterally. As it bounced on Wednesday, we decided to bank our gains by selling the stock for $98.86 in order to obtain a 22% gain. We also sold the options for $19.60 and banked a 175% gain. Schrodinger Inc. (NASDAQ:SDGR): This stock has been a staple for us because it continues to lead higher. This time, we were looking for a new entry on SDGR as it tested the run to a new high at the end of May. However, the stock ended up fading in a three-week flag pattern from that high into mid-June. It finally started to find its footing at the $60 level. On June 17, it broke higher and then faded off of the high. We then put it on the report as we viewed the fade as an opportunity. During the next session, SDGR started upside. Thus, we moved in and bought September $70 options for $13.10 and stock for $70.83. Thankfully, SDGR stepped right up during the move as the stock rallied off of the test. On June 24, SDGR hit our initial target. At this point, we sold half of the options for $20.20 and banked a 54% gain. Zoom Video Communications Inc. (NASDAQ:ZM): ZM, for all of its notoriety due to the lockdown, somewhat slipped off of the front-page headlines of stock-market-related publications. The problem is that ZM had started to consolidate after a huge run. As a result, it ended up being forgotten. When that happens, a stock can recover, reset and make new moves. Enter ZM. It consolidated during the second half of April and nearly all of May. Then, there was a breakout, which we saw when we began to look for an entry. As the initial move was too strong to chase, however, we waited for a test. One would start during the first week of June. After we put ZM on the report, it broke higher on June 10. As we were ready, we moved in with August $210 call options for $29.10 when the stock was at $215.49. ZM did not zoom, but it did trend nicely higher up the 10-day EMA (as a good breakout stock should). On June 25, ZM touched our target. So, we sold our options position for $52.50 and banked an 80% gain. We are letting the remaining position work in order to see if we can get some more "zoom" going. We also took some other gains when we closed the rest of the Fastly Inc. (NYSE:FSLY) position for a 62% stock and 255% option gain. We also banked the rest of the 65% gain in the Livongo Health Inc. (NASDAQ:LVGO) call options. Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here are two completed trades from Technical Traders Alert, offering insights into our trading strategy and the targets that we have hit this week: Amazon.com, Inc. (NASDAQ:AMZN): This play involved a big name and a slow move, but it worked. It began when we saw that AMZN was in a five-week consolidation that lasted until mid-May. After a 20-day EMA test, AMZN started higher and looked ready to move. We put it on the report and entered an upside play on May 21. This was where we bought some August $2,500 call options for $172.50. While this was a lot of money, this play was not bad at all since it involved a $2,500 strike price. However, AMZN was not done consolidating as it came back to the 20-day EMA one more time in late May. After that, it started a slow move higher up the 10-day EMA. While it looked as if it was launching straight up during the second week of June, it slid back as of the middle of the month. From there, however, the stock experienced a steady rise and moved to a new high this past week. This was a nice run as it bumped (but did not clear) $2,800. It also hit our target. So, we sold the position for $305 and banked a 75% gain. Square Inc. (NYSE: SQ): This stock is a quiet leader that we quietly watch for opportunities. In early June, SQ moved to a new high. It then started a tight and lateral move on very low volume. This told us that it was not being sold. Instead, the bids pulled back while the stock was still idling. When SQ came back to the 20-day EMA in the middle of the month, we put it on the report. On June 16, the fact that SQ broke upside served as our entry signal. So, we bought August $95 call options for $9.40. This play was an easy one as SQ stepped right up to the 10-day EMA into this past week and hit our initial target on Monday. So, we sold half the position for $14.25 and banked a 51% gain. Now, SQ is working in another tight, lateral move, and we anticipate another break higher from this consolidation. We closed out some other plays during the week as the market rallied right before the quarter ended. For instance, we sold the rest of the Trade Desk Inc. (NASDAQ:TTD) options for a 178% gain. We also sold the Shopify Inc. (NYSE:SHOP) options for a 48% gain, the rest of the Datadog Inc. (NASDAQ:DDOG) options for an 83% gain and the rest of the Coupa Software Inc. (NASDAQ:COUP) position for a 46% gain. 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: Cloudflare Inc. (NYSE:NET): NET is one of the leaders of the cloud software market. Thus, we are always watching for opportunities to make new plays. After a breakout in mid-June and a subsequent move to a new high, NET tested this past week and came back to the 10-day EMA on Wednesday during a four-session test. We saw this pattern, liked it and were ready to move in. On Thursday, NET bounced, and we bought stock for $35.47. Then, NET bounced around and surged higher. Since we loved this trajectory, we let NET run. Then, it sold back from that intraday high and did not rebound. In retrospect, we should have banked some gains at this time. During the next session, though, NET bounced up early. At this point, we sold the position for $36.85 and banked a 3.89% gain over a relatively quick period of time.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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