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Palantir, Another Meme Stock Meltdown

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mtatradeoftheday.com

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TradeoftheDay@mb.mtatradeoftheday.com

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Tue, May 7, 2024 05:31 PM

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Here's How Palantir Got Crushed and Why I Avoided It Rinse and repeat. Don’t get me wrong, trad

Here's How Palantir Got Crushed and Why I Avoided It [Trade of the Day Logo] "I don’t trade into the event. That eliminates the volatility crush." Nate Bear, Lead Technical Tactician, Monument Traders Alliance [Nate Bear] Another day…[another earnings winner.]( Rinse and repeat. Don’t get me wrong, trading earnings is risky, especially if you’re doing it like this: They fall in love with a stock and its story so much they’re willing to gamble their hard-earned money ahead of earnings. They are left heartbroken when things don’t turn out their way: If you want to succeed in the stock market, it's crucial to detach from personal biases and make decisions based on risk vs. reward. Let price action dictate your next move, not what some random person on a message board or talking head on CNBC tells you. And stop trying to guess where a stock will go before earnings. Even if you do get lucky, ask yourself if it's a repeatable process. I didn’t take my trading account from [$37K to $2.7 million in four years]( betting on red at the casino. So, how am I avoiding the pitfalls associated with trading earnings? First, I don’t trade into the event. That eliminates the volatility crush in options after an earnings announcement and their binary nature. Instead, I wait to see how the stock reacts after the big move. Will it hold onto it, trade sideways, or give it back up? Believe it or not, I prefer a stock to trade sideways after it has a big earnings beat. Why? Because it’s absorbing the move and consolidating…and possibly setting up for the next leg higher. That’s precisely what happened with Pinterest (PINS) after its shares surged by 16% following its Q1 earnings. [JOLTS OVERNIGHT TRADE DEMONSTRATION]( [115% Average Gain]( Every Time The Government Releases Jobs, Inflation, GDP, and Other Economic Reports... Use The JOLTS Loophole to target up to 253%... 327%... Even 383% overnight gains... Whether the market surges... or crashes! [Discover The JOLTS Loophole (BEFORE Tues at 2 pm!)]( This is why I bought the May 17, $40 calls and $39.5 calls a few days ago in Daily Profits Live… And I sold them yesterday and today for some solid profits. And that’s how I play earnings. I find the setup, define my risk, and take the trade. [This approach has given me an 87.5% win rate on my trades this year.]( That said, there are plenty of earnings this week, including Upstart, Lyft, Arm Holdings, Aribnb, Robinhood, Wynn Resorts, and some bitcoin miners. This is why I’ll be utilizing my [One Ticker Payouts]( strategy to take advantage of them potentially. Now, I can’t say with certainty I will play any of them. They must fit my criteria. But if any of them have a strong earnings surprise, and exhibit sustainable momentum, you better believe I will be looking for ways to play them like I did with PINS. As long as there is a clear trend, I will be willing to try my [One Ticker Payouts]( strategy. Are you frustrated with watching your hard-earned money disappear in the market during earnings trades? There are still tons of plays left, with major earnings announcements still to come from Nvidia, Airbnb, and Arm Holdings. [It’s the perfect time to explore a new approach.]( Action Plan: Discover the [One Ticker Payouts]( strategy and position yourself for success this earnings season. [Click here to learn more and transform your approach to earnings trades!]( ["Zero Day Options" Overnight Windfalls]( Forget the Frustrations of Day Trading... Target Up to +383% OVERNIGHT With This Dead-Simple ODTE Secret Instead! [🚨 New Trade Goes LIVE THIS TUESDAY at 2 pm 🚨]( [Monument Traders Alliance] Monument Traders Alliance, LLC You are receiving this email because you subscribed to Trade of the Day. To unsubscribe from Trade of the Day, [click here](. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. To cancel by mail or for any other subscription issues, write us at: Trade of the Day | 14 West Mount Vernon Place | Baltimore, MD 21201 North America: 1.800.507.1399 | International: +1.443.353.4977 [Website]( | [Privacy Policy]( Keep the emails you value from falling into your spam folder. [Whitelist Trade of the Day](. © 2021 Monument Traders Alliance, LLC | All Rights Reserved Nothing published by Monument Traders Alliance should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed personalized investment advice. We allow the editors of our publications to recommend securities that they own themselves. However, our policy prohibits editors from exiting a personal trade while the recommendation to subscribers is open. In no circumstance may an editor sell a security before subscribers have a fair opportunity to exit. The length of time an editor must wait after subscribers have been advised to exit a play depends on the type of publication. All other employees and agents must wait 24 hours after publication before trading on a recommendation. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Monument Traders Alliance, LLC, 14 West Mount Vernon Place, Baltimore, MD 21201.

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