So here it goes, my first publish ever in the history of my brief life, on anything. I'm simply posting because I want to document my trades so I can improve them as time goes on.
I look for stocks whose earnings momentum carries them higher. Looking for sustained buying/selling programs and earnings surprises to the upside. I don't play the downside.
In THC's case, the chart shows looks good at first glance, even better once you look at the signs. You can see the storm brewing here for many days in the form of an elevated RSI reading with confirming MACD and EMA.
People know if a stock is gaining traction on earnings and money flows that direction like a magnet. It can't help it because the big hedge funds play this game to perfection. Big money creates waves.
So, ride a part of the wave...
I look for stocks whose earnings momentum carries them higher. Looking for sustained buying/selling programs and earnings surprises to the upside. I don't play the downside.
In THC's case, the chart shows looks good at first glance, even better once you look at the signs. You can see the storm brewing here for many days in the form of an elevated RSI reading with confirming MACD and EMA.
People know if a stock is gaining traction on earnings and money flows that direction like a magnet. It can't help it because the big hedge funds play this game to perfection. Big money creates waves.
So, ride a part of the wave...
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So the call is $44 by 8/10 for .40 per contract, purchased on 8/3