E2TS34 trade ideas
$230 short term?Red line = main resistance
Blue line = main trend line
White line = current support
In my opinion (not financial advice), there's seems to be a breakout brewing to either hit or break through the main trend line w/ target at $230.
Let's see what happens.
What are your thoughts? Let me know!
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;