growerik

WORK pops +20% on CRM report of buyout talks!

Long
NYSE:WORK   SLACK TECHNOLOGIES INC
WORK pops +20% on CRM report of buyout talks! I got two 12/4 $36 straddles. Lol. Remember markets close at 1pm today and reopen on Friday. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
https://www.tradingview.com/u/growerik/#...

TradingView links:
https://www.tradingview.com/black-friday...
https://www.tradingview.com/gopro/?share...
Comment: CRM earnings report on next Tuesday 12/1 at 4:05pm
Trade closed manually: liquidated for 22% profit, I'll revisit during a regular market hour day...

Comments

Hi my friend,

Do you think this will keep going up? It had a nice run last week and there were buyers every time there was a tiny drop, I am just curious how you would see the future.
Reply
growerik afshin_jam
@afshin_jam, I personally bailed on Friday to lock in profits. I do know that CRM has earnings tomorrow, so there's potentially more upside in theory. I'm on to other trades since Friday. Good luck!
Reply
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