{"id":41276,"date":"2019-07-01T10:20:22","date_gmt":"2019-07-01T15:20:22","guid":{"rendered":"https:\/\/www.t3live.com\/blog\/?p=41276"},"modified":"2019-07-01T10:24:00","modified_gmt":"2019-07-01T15:24:00","slug":"scott-redler-trading-around-uber","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2019\/07\/01\/scott-redler-trading-around-uber\/","title":{"rendered":"Scott Redler: Using the Tier System on UBER"},"content":{"rendered":"

Your P&L isn't only determined by your entry and exit.<\/p>\n

How you manage the trade along the way matters a lot.<\/p>\n

So let me give you a look at how I use a Tier System to trader around names, using Uber (UBER) as an example.<\/p>\n

UBER was on my radar last week, and I grabbed some shares on Thursday morning around $44, as I shared on the Redler All-Access private Twitter feed:<\/p>\n

\"\"<\/span><\/p>\n

UBER had a solid green day, closing at $45.30.<\/p>\n

\"\"<\/span><\/p>\n

Then, I was looking to add a second Tier to add on a move through the $45.50-$45.75 area:<\/p>\n

\"\"<\/span><\/p>\n

Uber kept pushing higher on Friday hitting a high of $47.08 and closing at $46.38.<\/p>\n

\"\"<\/span><\/p>\n

And as you can see on the right of the chart, UBER opened up today, and I sold most of my position over $47.<\/p>\n

It goes to show — if you're not ready to commit to a position, think about starting small and waiting for a breakout. <\/p>\n

That way, you can at least get confirmation that a trade is in motion. <\/p>\n

Now, I'm watching for an opportunity to add back to my UBER position.<\/p>\n

Positions Disclosure: As of 7\/1\/2019 at 11:20 a.m. ET, Scott J. Redler was long TWTR, DIS, UBER, NFLX, SYMC calls, TWTR calls, AMZN calls; is short JPM<\/p>\n","protected":false},"excerpt":{"rendered":"

Your P&L isn’t only determined by your entry and exit. How you manage the trade along the way matters a lot. So let me give you a look at how I use a Tier System to trader around names, using Uber (UBER) as an example. UBER was on my radar last week, and I grabbed some shares on Thursday morning around $44, as I shared on the Redler All-Access private Twitter feed: UBER had a solid green day, closing at $45.30. Then, I was looking to add a second Tier to add on a move through the $45.50-$45.75 area: Uber kept pushing higher on Friday hitting a high of $47.08 and closing at $46.38. And as you can see on the right of the chart, UBER opened up today, and I sold most of my position over $47. It goes to show — if you’re not ready to commit to a position, think about starting small and waiting for a breakout.  That way, you can at least get confirmation that a trade is in motion.  Now, I’m watching for an opportunity to add back to my UBER position. Positions Disclosure: As of 7\/1\/2019 at 11:20 a.m. ET, Scott J. Redler was long TWTR, DIS, UBER, NFLX, SYMC calls, TWTR calls, AMZN calls; is short JPM<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76],"tags":[],"class_list":["post-41276","post","type-post","status-publish","format-standard","hentry","category-scott-redler"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/41276","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=41276"}],"version-history":[{"count":8,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/41276\/revisions"}],"predecessor-version":[{"id":41289,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/41276\/revisions\/41289"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=41276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=41276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=41276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}