ZYX Method calls for booking some profits on an ongoing basis while letting partial positions run when appropriate. It is important to understand that unrealized profits can quickly disappear.
It is time to take more partial profits on data warehousing company Snowflake (SNOW). SNOW is trading at $301.45 as of this writing. Consider taking profits on a 10% tranche in the zone of $298 to $309. today ahead of the earnings. Earnings represent a risk event. Consider continuing to hold the remaining 45% of full core position size.
Please see Trade Management Guidelines to learn about full core position size.
This post was just published on ZYX Buy Change Alert.
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