I absolutely LOVE Fridays.


Because it’s the most volatile day of the week.

And what I mean by volatile is that it often times has the most extreme moves one way or another.

Thus, the more extreme the move, the easier it is to see, and the easier it is for us to jump into a trade.

The reason for this is because traders are closing out their trades. Weekly options expire every week and monthly options expire every third Friday of the month.

So let’s take a look at what happened today real quick and see where you could have made money had you followed us in The Warlock’s World.

Look at the chart below…

Chargepoint (CHPT) announced holdings last night, and that first red candle down should be screaming something at you in your head: a potential earnings reversal.

The reason you should have been thinking this is that after a big gap one way or the other, traders need to take profits or cut their losses.

Is it ever guaranteed that an earnings reversal will happen? No.

Do we wait until price confirms this to jump in? 100% yes.

But remember, big traders only care about $0.10, $0.20 or $0.50 cent moves to make millions of dollars. So a $2.00 move after earnings means they’re either sitting pretty or are out of luck.

So what happened this morning is CHPT broke VWAP on the upside, never broke back down below VWAP confirming its bullishness, and then ripped higher from $10.08 all the way up to the previous day’s highs of $11.44.

It’s not a coincidence that it hit yesterday’s highs and then sold back off today.

Nothing here is a coincidence. Traders and algorithms see key levels and then they buy and sell according to those levels day-to-day.

If you didn’t make any money today, I want to know why.

Shoot me an email with your trades or questions that you may have, and I can let you know where you possibly went wrong. You can reach me at KennyGlick@MoneyMapPress.com.

And if you aren’t a part of the Warlock’s World yet, what’s stopping you from trying it out?

Traders made money every day this week, and I want you to be a part of that.

Join me today by clicking here.


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