Sagar
Buying breakouts vs. buying at support and being early in the game.

Here is one technique I sometimes use to make a trade guaranteed risk-free while being able to participate in further up move.

$RGS.

1) Its industry is strengthening in recent periods.

2) The stock is up by more than 6% today.

3) Most peer stocks are also up.

4) Short squeeze potential.

5) Excellent earnings growth.

6) Today the stock is breaking above Memory trendline resistance, giving a breakout setup.

7) I took a long position six days ago on 9th Jan using the Memory support (a CUE Bounce long setup). I opened that position using stock. Today, that position has covered the initial profit target. I booked a profit on my entire stock long position and used part of the profit to buy a call option expiring after the next earning date (which is on 27th Jan).

That is one technique I sometimes use to make a trade guaranteed risk-free while being able to participate in further up move.
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Disclaimer: This site is for educational purposes only, explaining the use of CUE systems and techniques. It is not for trade advice. Trading involves risk. You and only you are solely responsible for the outcome of your trades.

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