You didn't need Nvidia CEO and leather-jacketed Fonzie wannabe Jensen Huang anointing Marvell Technology $MRVL the 'next trillion-dollar company' to see the stock was already on that path.
Price told you everything you needed to know to make money.
On April 1st, Marvell Technology printed a new All-Time high, closing that day at $106.71.
*** That was the signal. ***
The stock has gone on to gain 165% in two months (as of the time of this typing).
If you were waiting for a dip, maybe you got in at $150 at the end of April? More than likely, you were left with your hands in your pockets and no stock to show for your patience.
Buying breakouts is hard. That's why it pays. Especially in bull markets like this one.
If you're trying to get too cute with your entries, you're likely going to be frustrated.
I was a little too cute myself.
I bought one day ahead of the all-time high (3/31), anticipating the breakout. But I bought a call spread, limiting my upside. It was a winning trade when it hit my profit target on 4/14, so no complaints. But it coulda been much more.
When it broke out again on May 5, I bought the June 210 calls for $6.60 which I'm still holding. At the time of this typing, they are trading at $76 per contract!
Bull markets can bail out sloppy trading. But the real lesson is: be involved in stocks making fresh all-time highs. When there's nothing but blue skies above, good things happen.
