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Breakout Multiplier

Taking Profits in CORZ

January 23, 2025

With Bitcoin closing in on fresh all-time highs, our crypto-related trades are playing out just as planned.

Our $CORZ 2/21 $17 calls just hit a high of $1.12 this morning.

We put them on Friday for $0.55.

Depending on your entry price, you might already have a double on your hands.

If that’s the case, it’s time to take action—we’re locking in some profits today and letting the rest ride risk-free.

We’re also keeping a close eye on $APLD and $CSCO, as both are approaching double territory.

With CSCO trading at new highs right now, I think we could get the move we need by today’s close.

Set your alerts and be ready for it!

Steve

Breakout Multiplier

The Scoop n’ Score Pattern

January 15, 2025

One of our favorite setups occurs when a stock breaks a key level, fails to follow through, and then reverses sharply in the opposite direction.

These patterns are known as “shakeouts”, and the best ones set the stage for powerful breakouts.

It is no surprise these shake n’ go setups have earned us the quickest doubles. They’ve also delivered some of our best trades in 2024.

When we notice something working, we keep doing it. 

This week, we saw a lot of breakdowns failing, and shaking traders out before ripping higher. We jumped on the opportunity and put a new trade on the Regional Banks ETF $KRE. 

After hitting fresh two-month lows Friday, it’s reversed higher and trapped the bears this week.