The Warlock – Kenny Glick – here.
Earnings season continues to be truly special.
I was so juiced up that my alter ego, the Jesus of Wall Street, appeared.
This is how absolutely HYPED earnings season gets me.
Did I use the word “hyped” right? It’s something my son says.
After using the power of multiday VWAP to find a price target, the Invesco QQQ Trust (QQQ) continue to move upward.
That could change at any moment, but the fact that the market opened down then moved back up makes me feel like an unholy specimen of trading.
Today’s trading is sure to be extra fun, with stocks like Snap (SNAP) and Twitter (TWTR) having reported earnings.
And of course, Friday means cheap options.
But first, I gotta earn my lotto money, which I plan to do by sticking with the trade that works…
One minute multiday VWAP reversals on stocks that report earnings.
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Since I’ve been back from my vacation, I’ve found earnings trades on all kinds of stocks – from Bank of America (BAC) to Netflix (NFLX) to Johnson & Johnson (JNJ)…
That’s the beautiful thing about trading VWAP – it doesn’t matter what the stock does, besides reporting earnings.
I think my favorite trade from yesterday was on Kinder Morgan (KMI).
This is a great example of how using the VWAP trading techniques that I teach in Warlock’s World uses minimal risk.
KMI was trading under the VWAP pretty much the entire premarket on Thursday.
And right before the opening bell, the stock was slammed down to $16.67.
The minute that the market opened, KMI broke VWAP at $16.84.
And just like that, I have a defined trade.
If I was buying the VWAP break at $16.84, I would use that price level as my first stop, then $16.67 as my stop on the rest.
Think about that – on a nearly $17 stock, I’m risking $0.17 per share.
KMI never tested VWAP, and in five minutes, rose to the multiday VWAP at $17.31.
Blue line to orange line. Another 1-minute multiday VWAP reversal.
That’s a $0.47 increase in five minutes.
That’s already nearly three times the return on my initial risk.
Well KMI wasn’t done yet, Blanche.
The stock kept going, rising to $17.64 seven minutes later.
From my initial entry at the VWAP break of $16.84, that’s an $0.80 per share gain.
Or nearly five times the return on my initial risk of $0.17.
I know what you’re thinking…
Kenny, that’s not a lot of money.
I’ll take $0.80 per share gains on sub-$20 stocks ALL DAY, EVERY DAY.
Buying 10 shares? $8 profit.
100 shares? $80 profit.
1,000 shares, like me? $800 profit.
There’s about 250 trading days per year. $800 profit per day is $200,000 per year.
All with defined risk.
I know not everybody can trade the way that I do.
After all, I am the Warlock.
But I’m not here to BS you.
I’m not going to sit here and promise HUGE F-ING GAINZ EVERY DAY like some other “gurus” might.
What I can do is help you set realistic trading expectations.
And I can help you achieve realistic trading goals.
Because it’s my mission to teach people HOW to trade.
This isn’t shoveling picks down your throat then disappearing when they don’t work out.
This isn’t some suspect scanner that finds nothing but winners.
This is real trading.
So start small. At one point, I didn’t have the kind of funds to buy 1,000 shares of KMI.
You’ve got to build up to it.
Even if it’s 100 shares or 10 shares or whatever…you can learn to do this.
Every day I do my best to give the benefit of my 30 years of trading experience to my Warlock’s World members.
And I do it with a 30-Day Money Back Guarantee.
Because that’s how much I believe in what I do.
Come trade with me.
If, after 30 days it’s not working out? You’ll get your money back and we’ll depart as friends.
But I’m willing to bet – and the community can back this up – that the majority of folks will stay.
And just like the KMI trade, I’ve defined your risk.
Because with a 30-Day Money Back Guarantee? There is none.
So what have you got to lose, Blanche?
That’s all for now, VWAPians!
July 22 2022