stephen.punwasi

Should you long $YELP before earnings?

NYSE:YELP   YELP INC
127 5 1
I think there are better risk/reward ratios to pursue, but I would keep an eye on a few of these technical levels to see if there's any short-term, swing trades to be made. Any break above resistance and earnings are the only thing keeping it back. Volume and MACD would support any movements up.

Distribution is starting to pull back, and yesterday's candlestick might be indicative of a market hesitant to support it before earnings. Anyone long might want to keep an eye on the support, as failure at the resistance will send it back down to either fill the gap and return to glory or send it substantially lower.
I don't understand such a chart and I definitely can't understand why a moderator made it big because moderators should be people with experience in trading. I understand a novice taking trades like this, but an expert will never agree with such a trade, unless we are talking about a particular well defined strategy. We are all here to learn and to become better. Shame on you Moderator!
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stephen.punwasi vlad.adrian
2 years ago
Is there anything you "don't understand" that I can clarify? I fail to see why a reasonable person would shame a moderator for approving a well constructed argument. Remember that trading styles are personal, and the time frame you view an investment with and the time-frame I do are likely very different.
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vlad.adrian PRO stephen.punwasi
2 years ago
You are risking 7.76% to gain 6.33%. This is not a trade. It's a gamble, and you will learn this with time, but a moderator should have seen this immediately. The only way to trade this kind of setups, with unfavourable risk/reward ratio, is if you have a well specified strategy. What I mean is that either you are a proffessional and you trade only this kinds of setups, or you trade with options, making different specific strategies. Either than that, I don't see how you could be profitable by using this kind of setups. Review this trade in one year, and hopefully by then you will aprove with what I said.
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stephen.punwasi vlad.adrian
2 years ago
Actually if you read what I wrote you would see that I mentioned there IS NOT a favorable risk/reward profile. You probably couldn't make it out from the view on your high horse though.

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vlad.adrian PRO stephen.punwasi
2 years ago
No, there's no high horse here... My problem wasn't with your chart, it was with the moderator that made it big. I've read your description twice before posting the comment, but I didn't agree with it. No insult intended, and please do as I say, review the trade after one year of trading, there's no reason of having an argument with me over a chart.
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