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Anatomy of a Great Trade

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NOV 17, 2023       SCOTT WELSH’S ANATOMY OF A GREAT TRADE Anatomy of a Great Trade: ROKU Every trader dreams of catching a big win on a hot, new, high-flying stock. There are several problems with that, of course. One is finding a hot, new company. Although it’s not as hard as we might think. Another is figuring out when to enter. And a huge problem is when to get out.  Most monster wins are ruined by getting out too early or too late. But a system solves all that.  And a long-term system solves it in a very non-frantic way.  An example of this is ROKU. Back in 2020, everyone was staying home. Could we have possibly picked a stock that might benefit from that? How about a company that helps us watch TV? That seems smart. And ROKU was a reasonable pick. How do we get in?  In July 2020, ROKU closed above its 30-week simple moving average (SMA) five weeks in a row.  So, we could’ve entered there. How do we get out? In May 2021, ROKU closed below the SMA for the first time. We could have exited there. If we did that, how would we have done?   We would’ve hypothetically had a big winner, entering at $148 and exiting at $309.  And as you can see, that big winner could have possibly been even bigger. Using common sense and having a long-term system can lead to some great trades. ROKU showed us that. Happy trading, Scott P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45. Additionally, the teal lines on the chart show the profitable runs. TOP STORIES TODAY BY PROSPERITY PUB Top news of the moment in three short, high-impact articles. Keeping your finger on the day’s top stories has never been easier! — The Prosperity Pub Team   ___________________________________________________

NOV 17, 2023 SCOTT WELSH’S ANATOMY OF A GREAT TRADE Anatomy of a Great Trade: ROKU Every trader dreams of catching a big win on a hot, new, high-flying stock.   There are several problems with that, of course.   One is finding a hot, new company. Although it’s not as hard as we might think.   Another is figuring out when to enter.   And a huge problem is when to get out.    Most monster wins are ruined by getting out too early or too late.   But a system solves all that.    And a long-term system solves it in a very non-frantic way.    An example of this is ROKU.   Back in 2020, everyone was staying home. Could we have possibly picked a stock that might benefit from that?   How about a company that helps us watch TV? That seems smart. And ROKU was a reasonable pick.   How do we get in?    In July 2020, ROKU closed above its 30-week simple moving average (SMA) five weeks in a row.    So, we could’ve entered there.   How do we get out?   In May 2021, ROKU closed below the SMA for the first time. We could have exited there.   If we did that, how would we have done?   We would’ve hypothetically had a big winner, entering at $148 and exiting at $309.    And as you can see, that big winner could have possibly been even bigger.   Using common sense and having a long-term system can lead to some great trades.   ROKU showed us that.   Happy trading,   Scott   P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.   Additionally, the teal lines on the chart show the profitable runs. TOP STORIES TODAY BY PROSPERITY PUB Top news of the moment in three short, high-impact articles. Keeping your finger on the day’s top stories has never been easier!   — The Prosperity Pub Team   ___________________________________________________

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to diansastroxz.forex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to diansastroxz.forex@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub