LONG ROKU - Turns Out it was Life by Symmetry!

This is the essence of piggishness. Change sides and ride the wave. This thing can really jet, so get in soon.

ROKU

Trade active:

think heres a decent spot, but it could get "scary" from 1 pm - 2 pm. Might be a better spot to buy a potential dip. I think we may see a pretty substantial gap up, so I'm not too concerned about the entry itself.

Likelihood of continued move up is pretty high right now, especially since the price action on the open lead me towards an immediate gut reaction to close the short and enter a new long.

Still good to keep a stop loss though, so would say that if the price gets below 125 at any point today, it becomes dangerous territory again.

On the flip side, a close above 132.5 would mean that we could be catching the bottom of a serious ROKU train and that is worth the risk, imo.

Comment:

Careful, this is gonna be a strong shakeout and nasty short attempt. Advise buy some cheap puts to offset expiring this week.

It gets uncomfortable for me when the markets up and this shows decreasing strength at such a critical level.

Might see a retest before next leg up, but the direction is still up and it is still most definitely worth holding with an offset.

Comment:

However, a strong hold means a certain squeeze today and a very nice continuation tomorrow. Stay strong and hold the door.

Trade closed manually:

Closing this because this stock is too much stupid for me. Its probably bullish, but who cares? Much better plays out there (AVAV, for example). Chalk it up as a double loss.

Comment:

Long, again. Not re-opening it though.

Comment:

Jeeeeez, 10% from Rokie today. Hate this stock, but must admit that it is indeed bullish.

Trade closed: target reached:

Now im done with this for some time.