Managing Butterflies: Taking 100% Profits & Stop Losses

Hey traders!

Another day, another video. In today’s Trade Review episode, I discuss taking profits on IBM in addition to managing what was a loser in MSFT. MSFT has bounced back today, but it’s still a useful explanation of support zones when you’re in a losing trade.

Check out the video below!

 

Also, next week I will be out of the office on Tuesday, so my good friend Chris Brecher is going to be making a video for all of you. He’s one of the first traders I learned butterflies from!

Up Next...

A Temporary Goodbye

I hope this message finds you well! I wanted to take a moment to share some personal news with you. As many of you know, I’m expecting, and it’s almost time for me to welcome a new addition to my family! As a result, I’ll be stepping away from my weekly market updates to go … Read more

Read More

Bitcoin to $80,000?

Hey traders! I’m spying a daily and weekly squeeze in Bitcoin, and it’s a stone’s throw away from breaking critical resistance at $70,000.  If it can break through $70,000, we should go upward to $80,000. Coinbase (COIN) is also breaking out! Learn more in the video below:

Read More

NFLX: Taking Profits (A Follow Up)

Hey traders! Last week, I posted a bullish Netflix (NFLX) setup at Five Star Trader. At this point, this trade is making targets, and I’m taking profits. What does that look like? Well, Netflix has hit just below my price target of $730. My put credit spread, and my butterfly has two days remaining. One could … 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
all-as-seen-on-logos