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FEB 2021: TTD $765- $775 Bull Call Spread

Stock

TTD

Trade Structure

$765- $775 Call Spread

Trade Date

2/23/2021

Price Paid

$500

Expiration Days

04/01/2021

THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.

To participate in our live challenge and to access our online training, please click “Your Account” and upgrade to the “Live Trader” plan.

 

Trade Rationale

After posting positive earnings, TTD initially shot up from $835 to $921. But like many other got stocks got dragged down by the market all the way down to $760ish. I took this trade based on the support which exists at $760. With these kind of down days in the market, there are so many buying opportunities, some of them are literally a no brainer. TTD has made a decent recovery already after we put on this trade and is looking good going forward.

Trade Selection Criteria

Overall market movement

N/A this is a post earnings trade. The individual stock’s price action is more important for these trades.

N/A

No Earnings or Significant News

This is a post earnings trade. Earnings were announced on 2/18 and are behind us

Bollinger Bands outside Keltner Channels

Bollinger bands are clearly outside the Keltner Channels.

RSI Analysis

This is a post earnings trade. Our regular indicators don’t apply here since all these trades are taken based on Support/Resistance levels. I have described these in the 2nd edition of my book as well.

N/A

ADX Analysis

This is a post earnings trade. Our regular indicators don’t apply here since all these trades are taken based on Support/Resistance levels. I have described these in the 2nd edition of my book as well.

N/A

Trade Analysis

TTD got brutally affected by the correction in Nasdaq and sold off all the way down to $563 before recovering. We did run out of time on this trade, so it was a full loser. Corrections like the one that we just experienced in Nasdaq are a reality of life. The strict money management and risk management rules I teach in our private group, allow us to make money when things are good and prevent portfolio blowouts when things are bad. My 25K challenge account is still down 15% from Feb Highs (but still positive for the year 350% gains since last April). My 250K challenge portfolio has fully recovered and is at a 444% gain since last April at this point.

Trade Outcome

LOSER

Profit/Loss

$N/A

Beginning Account Balance

$13,400

Ending Account Balance

$10,300

To follow along the strategies we use in the $25K challenge, we recommend that you get the strategy book which explains the whys and wherefores of our method. Get it here=> https://amzn.to/2MUOCE5

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