Roku review for February. Lets see what March will bring. Hello traders
A lot of my ideas of late have been Forex based so time to show how one stock I followed performed for me in February.
The stock in question is Roku and I'm working the one hour time frame here.
Only two trades last month a long and short. Both trades were a 1:4 risk to reward ratio.
Once the trade has played out I simply wait for the next signal alert and go again if any present this month.
The purpose of this idea is to show the adaptability of our strategy on different instruments.
As with all my ideas back tested data can be found at the foot of this header.
Back test data is based on 10 contracts per trade with a £1000 starting capital. The back test data is from Jan 2019 to now.
Quick overview of the strategy in use.
The strategy is a trend based strategy.
The inner workings of the strategy are 5 individual strategies rolled into one . Trades are only valid when all 5 confluences line up.
At this point the trade presents on the chart. Alerts can be set and the the strategy can also be automated.
No excess time spent at the charts
Adaptable strategy to suit your trading style.
Works on any instrument and time frame.
Want too know more?
Sure drop me a message and feel free to ask any questions.
ROKU
ROKU - BUY ZONE HERE, MAKE PROFIT NOWROKU - this is a good stock to have, and it's in a great buy right now.
It is doing well, its actual stock value is around $ 478, but its current price is just $ 406.
The company has good plans, good leadership, and investment funds are pouring in. Great signal at support on the chart.
Hedge your bet with the ARKK Innovation Etf
just now
With big tech falling after the first week down for the S&P in 2021. We will likely see a slide in the technology space. I believe a buy in the ARKK ETF is a nice prospect. They have positions in companies that are prime to continue performing well in the market. I will be buying the dip on this ETF into the buy zone listed. Tech will slide, the question we need to ask now is for how long.
Top 10 Holdings
As of 1/29/2021pdf_iconView All Holdings
Weight Company Ticker Market Price Shares Held Market Value
9.56% TESLA INC TSLA $793.53 2,726,469 $2,163,534,945.57
6.71% ROKU INC ROKU $389.03 3,901,096 $1,517,643,376.88
5.24% TELADOC HEALTH INC TDOC $263.83 4,495,919 $1,186,158,309.77
4.63% SQUARE INC - A SQ $215.96 4,854,798 $1,048,442,176.08
4.42% CRISPR THERAPEUTICS AG CRSP $165.70 6,030,285 $999,218,224.50
3.80% INVITAE CORP NVTA $49.52 17,340,761 $858,714,484.72
2.89% PROTO LABS INC PRLB $211.80 3,088,854 $654,219,277.20
2.82% BAIDU INC - SPON ADR BIDU $235.02 2,717,183 $638,592,348.66
2.76% ZILLOW GROUP INC - C Z $130.46 4,780,089 $623,610,410.94
2.75% SPOTIFY TECHNOLOGY SA
Comments
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SQ
The Big Short (ROKU)ROKU insane short opportunity in the works. Gravestone Doji on the weekly timeframe. Wave 4 ideally would hit the 0.236 to the .382 retracement, which lines up with the median line of the Schiff Pitchfork. Additionally, there is bearish divergence on the daily timeframe on the RSI. The streaming service is quite saturated and some competitor news can drive price down.
TSLAInside day candle on the weekly.
TSLA reports earnings after close on Wednesday. A 75 point move is priced in.
**TSLA previous earnings (4/29, 7/22, 10/21) gapped up at market open the next day, and sold off. Same day expiration OTM Options Premiums opened losing almost all value. Be aware of this.
Lotto Trade Idea: 900C BID/ASK: 15.75/16.10
775P BID/ASK: 9.10/9.50 can work if you're bearish.
AAPLAAPL had a strong week last week, and was able to close above the 138 level on Friday. AAPL reports earnings after close on Wednesday. A 9 point move is priced in. If AAPL has a positive earnings reaction they can move straight to 150. A negative earnings reaction can move back down to 128.
Lotto Trade Idea: 150C BID/ASK 1.30/1.32
TXNTXN, and AMD report earnings after close on Tuesday. LRCX reports after close on Wednesday. There is a 9 point move priced in for TXN. If these can report a positive earnings they can help push semi stocks higher. You can play NVDA KLAC, or AMAT, as a sympathy move to avoid paying a high premium.
Lotto Trade Idea: AMAT 108C BID/ASK 1.36/1.45
If you're bearish, AMAT 104P BID/ASK 1.15/1.22 can work.