To The Moon

Sold and took profit 

🎄 Taking Profit on Upstart Holdings 🎄

Selling Upstart Holdings at $84.70, realizing a +15.44% profit, was a strategic move. The stock showed signs of overextension after a strong rally, approaching resistance levels where selling pressure often increases. Combined with market uncertainty and potential for profit-taking by other investors, the decision helped lock in gains before the sharp decline to $66. Timing exits around key levels, especially during volatile market conditions, is crucial for preserving profits.

🎅 Analyzing the Range for Future Trades 🎅

Trading within a range for Upstart involves identifying support and resistance zones. At $66, the stock nears potential support where buyers may re-enter. Resistance likely sits near the $85 level, where selling has historically emerged. Establishing trades at the lower range, with tight stop-loss levels to minimize downside risk, aligns with risk management principles. Conversely, selling positions or covered calls near resistance optimizes gains in the range-bound scenario.

🎁 Trading Strategy for Volatile Markets 🎁

Incorporating options enhances range-bound strategies. Selling puts near $65 captures premium and provides entry opportunities at favorable levels if exercised. Similarly, selling covered calls near resistance zones around $85 generates income while maintaining flexibility. For long-term confidence in Upstart, accumulating shares near support zones while reducing exposure at resistance ensures disciplined, profitable trading in volatile conditions.