Hope You Didn’t Miss My COUP Trade Today

Hello there, VWAPians!

Today’s Warlock’s World live stream could have been over in the first 30 minutes and we could have walked away with a profit.

I hope you didn’t miss it.

Yesterday was a reminder to get back to the trades that have consistently provided winning opportunities.

So while I got back on the horse with a winning trade going short on the Invesco QQQ Trust (QQQ), today I came in laser focused on earnings reversals.

As earnings season has started to taper off, there’s less opportunities for 1-minute multiday VWAP reversals on stocks that have reported earnings.

There’s LESS. Not NONE.

That just means that we had to STAY FOCUSED.

I let my Warlock’s World community know that one of the few stocks on my radar was Coupang (COUP), which reported earnings Monday after the market closed.

The Warlock’s Watchlist on March 15 (editor’s note: time in PST)

After checking on these stocks during the premarket, COUP caught my attention because it had VOLUME.

After marking my significant levels, all I was waiting for was VWAP to confirm which side of the trade to be on.

Remember, right side of VWAP, right side of life.

After the market opened, COUP screamed to the upside.

COUP went blue line to orange line after the market opened

LOOK AT THAT MOVE!

From the opening candle VWAP break at $65, COUP kept rising, breaking the orange line, aka the multiday VWAP, at $74.

The multiday VWAP is my proprietary code that’s ONLY available to Warlock’s World members.

That’s a $9 move.

On 1,000 shares, that’s a potential $9,000 in profit. Heck, even on 100 shares, that’s a $900 profit.

In Warlock’s World, we don’t care that COUP fell HARD after reporting earnings.

When the market opened, the stock was down nearly 30%.

All we care about is two questions:

Did it report earnings?

Did it break VWAP?

THAT’S IT.

When stocks report earnings and plunge like COUP did, VWAPians know to be on the lookout for a potential upside reversal.

This is basically the inverse of the fade.

Stock gapped up? We look for the fade.

Stock gapped down? Like COUP? We look for the raise.

And just like that, COUP played ball, proving that 1-minute multiday VWAP reversals continue to provide winning trade opportunities.

To make sure you NEVER miss another trade like we had today with COUP, you’ve GOT to be in Warlock’s World.

Hope to see you there soon, VWAPians!

Kenny “The Warlock” Glick

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