Trade Review: Managing a Butterfly & Taking 85% Profits

Hey traders,

We’ve discussed this bullish buy setup in Microsoft for several weeks! Well, it still hasn’t hit my $420 price target, but my options were going to expire this week. That meant we were getting far too close to expiration for me, and I decided to manage my trade as it was stuck at resistance. In this instance, I took about 85% profit at the $415 target instead of waiting to see if it would make $420 by this week.

I think there is still a decent shot of it happening, but here is why I made my decisions the way I did. Check out the video with the full analysis.

PLUS: New levels on Nvidia! Everyone wants to know how high it will go, but I’m continuing to trade the momentum. That momentum isn’t dead, yet. So, check out my next trade idea in this name.

Up Next...

Critical Stock Market Red Flags

With earnings season just beginning, we are entering the most risky time frame for the stock market. Netflix earnings week is already kicking off with a bang. The Nasdaq sold off yesterday, ending the day down -1.67%, with critical stocks like Tesla down -5.59%, Microsoft down -1.97%, and Meta down -2.28%. This occurred after escalating … Read more

Read More

Using Conservative Sell Signals To Exit

Hey traders! In this week’s trade review video, I discuss the conservative signals I had that caused me to take a cautious profit on Amazon. Sometimes I’ll take conservative profits, especially in a case like before CPI data when a news-related event is upcoming. Now, of course, if you take conservative profits, you cannot capitalize … Read more

Read More

The Biggest Pre-Earnings Movers

Identifying Stocks on the Move This week marks the kick-off to Q1 earnings season, as the banks will begin to report on Friday. This means that we are in the prime time for pre-earnings movers when stocks will move either up or down as investors make moves before earnings. To look for patterns and tickers, … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now