Microsoft is about to add some juice to the Nasdaq

2020년 12월 8일

I started buying Microsoft call options on today's weakness and I'll be adding tomorrow. Price action is getting really tight at the right spot - $214.

Here's what I'm seeing on the daily time frame:

We have a potential bullish continuation pattern on the daily if the support holds


Do you see the support?


With evidence of capital flowing slowly into FANNG names (NFLX & FB), as well as similar supportive price action in Amazon, I expect a power move in Microsoft in the coming days / weeks.

Notice how we had similar support on Netflix a few weeks ago, followed by a nice rally recently. I think we're about to see the same in MSFT:

A 4-5% move doesn't sound like a big deal to most retail traders, but it's all about risk/reward and how you structure your trade. If the r/r is high, then you could express bets with different forms of leverage that make small moves big % generators. Whenever I publish analysis on a large cap stock... I am using options to trade it.

Reminder:
I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.

2020년 12월 8일

노트

breaking out of level 1:

2020년 12월 8일

노트

Now flagging at first target before its next leg:

2020년 12월 9일

거래청산: 스탑 닿음

Raised the stop to 213. I'm out. Loss slightly > breakeven

2020년 12월 16일

액티브 트레이드

back long @ 214

2020년 12월 20일

노트

2020년 12월 22일

거래청산: 타겟 닿음

@ target 1 / 223.30 fill


More room for upside but will likely need to consolidate a bit.

If you noticed I retried this trade after my stop triggered (around breakeven). Re-trying a trade that you've been stopped on is part of trading (not the case with investing)