What was the ROKU trade?
$ROKU Bearish trade – Looking for entry if/when it breaks below $231.70. Stop $232.50. Target $228.70
Watch Jonny Red Break Down the Alert Right Here
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Who is ROKU?
Roku, Inc., together with its subsidiaries, operates a TV streaming platform. The company operates in two segments, Platform and Player. Its platform allows users to discover and access various movies and TV episodes, as well as live sports, music, news, and others.
As of December 31, 2019, the company had 36.9 million active accounts. It also provides advertising products, including videos ads, brand sponsorships, and audience development campaigns; and manufactures, sells, and licenses TVs under the Roku TV name, as well as subscription and billing services.
In addition, the company offers streaming media players and accessories under the Roku brand name; and sells branded channel buttons on remote controls. It provides its products and services through retailers and distributors, as well as directly to customers through its website in the United States, Canada, the United Kingdom, France, the Republic of Ireland, Mexico, and various Latin American countries.
The company was founded in 2002 and is headquartered in Los Gatos, California.
Who are Transparent Traders?
Transparent Traders exists to solve the critical issues facing our traders, both large and small. Our unique approach is not only what differentiates us, but also what makes us successful.
Our advanced Blackbox uses custom algorithms & predictive A.I. to locate the most accurate day or swing trades for the best chance of success.
You can see the following on the chart below:
- The green line shows the target entry price.
- The red line represents the target exit price.
- The pink line is your stop-loss
- I entered this trade short 100 shares at $231.58
- I closed my short position in ROKU at $229.90.
- $ROKU brought in $168 in profit
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If your interested in reading more article about what Transparent Traders has to offer to check out these below:
- How does the Transparent Traders Platform+ Work —> Read More Here
- TT Tradingview Breakout Script for Day Trades and Swing Trades —> Read More Here
- How to find a target price for stocks —> Read More Here
- The Key Stock Market Terms Every Trader Should Know / Understand – Read More Here
For all of you wanting to know how I decide to enter and exit my trades, I have listed those key points below:
- I have created a watchlist of the tickers I like to trade the most. Download my watchlist right “HERE”
- I review that watchlist against the alerts from the TT Blackbox each 5-minute interval.
- I focus on the $VIX. This measures volatility in the market. If volatility is moving up, the market is moving down, and vise versa. This simply means I start here and does not mean I will not trade against the market. However, I do not recommend that for the novice trader.
- Once I know the direction of the market, I start to focus on the tickers moving in that direction.
- Once these tickers alert on the TT Blackbox, I typically wait till the closure of the next 5-minute candle and I enter.
- I then immediately set a limit sell order for 5%. Keep in mind I am trading shares in the price range of $30-$400 tickers so 5% is big money.
- I exit my trades based on two points. One, being the TT Blackbox stops alerting or alerts in the opposite direction, and two being my 5% target has been met.
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