If you’re in my free and member Telegram channels, then you probably saw that I’m ready to bail on my big Snapchat (SNAP) earnings position that I had been building for a few weeks.
So today, I figured I’d also do a video going more in-depth into why I decided to reduce my position — despite initially planning for a big play, up to $30K.
Snap reports after the close today, and I’ve noticed something in the order flow that makes me really uneasy, so it’s time to take a step back — especially after hitting a grand slam for Tesla’s earnings and now wanting to protect those profits.
Here’s what I’ll cover:
🔎 Order Flow Shift: Call buyers started selling off positions, signaling a change that can’t be ignored.
💰 Profit Protection: I had a huge week with Tesla, so I’m keeping my gains safe without chasing this setup.
⚠️ Risk Management: SNAP’s stock could explode after hours, but that’s a chance I’m willing to pass on for now — it’s time to take the money and run, leaving a 20-lot on.
Tune in for a transparent look at how I’m handling this high-stakes earnings season — and why sometimes, the best move is moving on the sidelines.
And as is always the case in trading, there are practically an infinite number of plays coming down the pike…
And I’ll be sharing my No. 1 stock for after the election live at 2:30 p.m. ET today…
It’s a little $19 ticker that I see big things for, so I’ll see you then!
The team at Lance Ippolito Trading
Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros.
You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito
And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx
*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. The $19 Stock That Tops My Post-Election List
Like I told you yesterday…
I’m showing everyone my No. 1 post- election stock LIVE at 2:30 p.m. ET today, Oct. 29!
Apart from the fact that the stock in question is flashing an astounding BUY across all my top trading systems…
It also has significant potential in both the short and medium term.
Now, I cannot predict the stock market, so I can’t make any profit guarantees or shield from losses, but…
Once we’re live, I’m going to show you HOW I found my ultimate buy signal…
And WHY it’s both my No. 1 stock for November, and the top stock I’m looking to trade after the election.
I’m confident that after today’s session, you’ll not only find my No. 1 post-election ticker worthwhile…
But you’ll also be able to find these BUY signals for yourself going forward.
I’ll also share some of my top predictions for the upcoming elections!