Sunday Prep 8/01 - $ROKU SHORT

1 авг. 2021 г.

Almost didn’t include this name in the prep due to my inability to look at this thing without pontificating on how overvalued I personally think this thing is. But it trades good volume with crazy range, so it would be selfish to leave it off the list. Would be interested in shorting any large emotional spike up towards the psychological 500 level. But remember when trading something that has a 22pt ATR to size appropriately and give yourself enough room to not get shaken out of the trade until you’re legitimately wrong in your thesis. There are probably great areas to try and bounce the name if they miss and flush in a panic, but I would rather short pops afterwards if that happens.