8/6/2018 Not much to discuss. FB trade going well, and looking to buy BABA sometime next week.

Category1 1 Minute

FB jumped about 4.5 today, which was good (for me at least).  

QQQ is approaching 182.5 again which is where I was stopped out last time.  I plan to reshort at that price most likely.

Lastly, I plan to buy BABA next week in anticipation of a pre-earnings run up.  It seems like it always moves up the week or so before earnings.  The earnings date is 8/23 (two Thursdays from this Thursday).

BABA Earnings Play 8_6_2018.PNG

I plan to buy BABA somewhere in that rectangle support area, and sell the day before earnings.  I will have both a hard stop loss, and a time stop loss (selling before earnings no matter what).  This will reduce the stress from deciding when to sell (for a loss or gain).  

See you next week, good luck trading! 

Published by bigfry

Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU, and am currently working on a company with my twin brother. I'm currently teaching Go full time, which has been the best job I could ever hope for.

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