I traded 4 company stocks with 100% in profits last Friday (May 22). One of them is Palo Alto Network Inc (PANW). Because of its earnings awake my BEAST MODE.
PANW stock price gap up in pre-market after the company provided its strong earnings. Multiple analysts upgraded their price target on PANW.
Many of you out there are still struggling
Today’s professional traders still do not know how to read the earnings report. The moment I read at the earnings numbers and multiple calls, I laughed at it and made a decision the stock on my PrepWork.
Before the market, I placed a limit order at 242.30. BOOM near 242 at open, I put a market order, 3 points profit in 3 minutes. 20 minutes later, BOOM, my limit order was filled by the platform. Within 30 minutes, close my positions with 9 points gain. After my 1 hours trading at the market, PANW stock price slowly moved up. Nevertheless, it was a great short at 242 and flushed down to 233.
Will PANW stock go up after the strong earnings and many upgrade calls by the analyst? Yes, it certainly continued to go up 10 points and more in the next few days. But I profit 12 points first at the short side in an hour job, then your turn to gain at the long side in the next few days or weeks.
With great Knowledge, Comes great Money
At my Mini Sharing, the psychology and skills of trading at this earnings and upgrade plays. It’s a ton of the opportunities to profit every quarter, every day until you don’t feel like to trade, seriously!
History repeats over and over again. Just what I posted PANW profit in the Year 2019. Click HERE Knowing the move behind the news and analyst, we know PANW must sell-off the most of its gains. So we laughed at it.