“Choose Not to Be Greedy”, Book it (FTNT) Danno…

Per the NFTRH Trade Log…

2.5.19: With earnings out tomorrow, choose not to be greedy and take profit on FTNT.

Now, this is a double-edged sword. I have avoided bad situations by either not buying before earnings or taking profits before earnings (CTRL), but also missed some opportunities for further gains (FB). But in the case of FTNT I say 10% is enough for now and the idea is to continue taking profits here and consider re-planting positions there until the market shows its hand. *

I had actually gotten whipsawed out of the position when it temporarily dropped below both the SMA 50 & 200, but took it back immediately upon the re-take of those averages. Now, book it Danno.

ftnt

* Actually, the market showed its hand in Q4 2018. The question now is will it keep that hand or fold to a new view?

Subscribe to NFTRH Premium (monthly at USD $33.50 or a 14% discounted yearly at USD $345.00) for an in-depth weekly market report, interim market updates and NFTRH+ chart and trade setup ideas.

You can also keep up to date with actionable public content at NFTRH.com by using the email form on the right sidebar and get even more by joining our free eLetter. Follow via Twitter @BiiwiiNFTRH, StockTwits or RSS.