ETSY trade ideas
08/12 Watchlist Hey everyone SamC here, we are going to start posting some set ups for the following trading day of a couple names we are watching. Feel free to ask questions in the comments and give us a follow.
**Make sure to give us a follow as leading up to the Jackson Hole meeting I will be doing a quick run through on how to play the SPX based on the Vol complex. If you don't know who Vanna is I would suggest tuning in!
Slowing new buyer growthSlowing new buyer growth -- down 30% year-over-year -- could keep curbing Etsy's results in 2021 as shoppers seek out travel and store-based shopping. Increasing marketing expenses aimed at drawing more sales may also continue to drag adjusted Ebitda margin as customer-acquisition costs rise, while the Covid-19 delta variant could prove to be a tailwind, depending on how it proliferates in 2H
TUTORIAL - Finding Better Entries Finding Better Entries
Ok, y’all, I’m losing my voice a little bit… but I also just got a new microphone so that is why this video happened. So be nice about my hoarse voice.
Let me know if this is helpful and If I should do more like this
ENTRIES
PYPL - 225.30
DKNG - 43.01
CVS - 81.19
UBER - 42.97
LYFT - 48.27
ETSY - 163.08
I will most definitely be making more videos on entry targets. Leave me a comment if there's a symbol you want me to analyze in the next video. I'll try to do them every couple of days (And definitely on sunday nights)
ETSY ahead of earningsETSY - Earnings 8/4 AMC. This is another that has been running strong but has plenty of room to push higher. It broke it’s daily downtrend on Friday and had a great push through its 208 area resistance. Will be watching this area as support to set up for a swing trade ahead of earnings and I would like to get into some 220 calls. This will easily make a run for 216 if we hold this support. Also has some unusual options activity on the 230 c for 9/17.
ETSY ShortSupply Zone confirmation
Bearish engulfing
Short below last low
Short 217
Stop 200
Target 154
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
I created some tradingview scripts to improve my trading entries:
OBV and OBV SMA comparison;
Williams %R two lines;
#ETSY: Big reversal, basing after the previous decline endedThe weekly Time@Mode trend signal here expired, signaling a potential reversal in the making. Price action was seen basing for weeks on end since the initial rapid decline stopped. Looks like price can stage a comeback and land on $214 or higher, or even new highs in the coming months. I'm long from around here, aiming for the blue arrow target, but potentially riding this one for longer if warranted.
Cheers,
Ivan Labrie.