Sun Life Financial releases its next quarterly earnings on May 5.
With the stock moving sideways here are two trades I am considering for Tuesday May 5. With earnings deeply in question and a possible drop in revenue in the forecast, Tuesday could be quite the interesting day.
No matter what happens to SLF Stock one of these trades can be placed, but if the stock moves as I am expecting, both trades will provide additional profits for my portfolio.
Trading Around Support Levels
One of the most important aspects of entering a trade is understanding how to rescue it and keep it profitable should the trade turn against the investor. One of the best ways to seek protection is to design trades with support levels combined into the trade’s rescue or repair. Support levels, especially strong ones, make it easier to continue to earn profits even in a decline. This is because support levels can assist in protecting a trade from large losses.
Every time an investor places a trade, capital is risked. It is easy to lose capital in a trade. This is why it is important to understand how to use support levels to protect capital that is being risked.
This article outlines the two trades I am considering for Tuesday and how to build a trade around support levels to protect the capital in use while keeping the trade profitable no matter what the stock decides to do.
This Sun Life Financial Stock strategy and trade ideas article is for FullyInformed Canada Members.
Trade Ideas For Sun Life Financial Stock (SLF)
FullyInformed Canada Members can read the latest Sun Life Financial Stock (SLF) trade ideas and strategy article directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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