I do live trading on my Twitter and would like to post the real option trades that I am doing, and what my current watchlist is. Follow along on my journey to $1 million.
YouTube Video Link: Here
The day has come. While these days are painful for long term holders, and really take a low blow out of our portfolios, we are presented with a buying opportunity. This was the worst day for the S&P500 since October 28th pull back. Looks like we were right about a correction of 3-5%. Like I said, the good news is we can buy a lot of stock that we were eyeing now at a great discount. The bad news is, the market could keep pulling back. This is a very big earnings week. A lot of times, investors will pull out before the earnings reports come out and buy back later. If we can get through this week without taking much more losses, I'd call it a win.
My Notable Picks Today:
$NOK - +28.5% - Picked Here
$AMC- +275% - Picked Here
In case you haven't noticed, I am making these picks before the huge gains over on my twitter and blogs.
It was a tough day for my portfolio. My portfolio is down 10%, or $70,000. This is why I said to play carefully with the 3x. While they can go up by 3x, they also go down by that much. Overall, I'm satisfied to keep holding them as I can stomach the temporary loss. I've been in crypto since 2011 so I'd like to think I'm use to these kind of losses (and more).
Adding to Watchlist:
$NOK - This has been added to my watchlist since I saw it start trending on the internet as of recently. I picked this one just like I did AMC before they exploded. This one still has room to grow, and it will be in the news now. Tread carefully; this is the higher risk level play. I'd put a couple hundred, or thousand on some short term OTM calls. Or, sell covered calls on the way up.
Target Price: $10
Timeframe: 1-2 weeks
$CSTA.U - Constellation Acquisition Corp is a SPAC that is planning on acquiring a innovative company in one of the segments of the rapidly changing global economy. "The company is led by CEO and Chairman Klaus Kleinfeld, who previously served as CEO of NEOM, Arconic, and Alcoa. He is joined by CFO Thomas Stapp, whose previous roles include serving as an Associate Partner at Bain & Company and a Principal at Oliver Wyman." I see this SPAC doubling when some rumors start emerging of who they will be merging with. Hold some commons.
Target Price: $20
Timeframe: 1-2 months
No Charting today. TA isn't needed for NOK and CSTA.U
Today I got my Webull Margin account approved, so I can finally start buying. Here are the orders that got filled yesterday. Keep in mind those "SELL" are selling put options, which means I am bullish and will buy 100 shares per contract QTY if it hits my strike by the expiration date.
Add Money to:
$ARKW - Long Term Hold
$ARKG - Long Term Hold
$ARKK - Long Term Hold
$THCX - Buy 100 shares to sell covered calls
$SOLO - Buy 100 shares to sell covered calls
$SBE - Short Term Hold/ Call Option
$LI - Swing /Call Option
$QQQ/$TQQQ - LEAPS Or Long Term
$SOXX/$SOXL - LEAPS Or Long Term
$TSLA - LEAPS Or Long Term at around ~$800
$BABA - Mid - Long Term Calls
$PLUG - Mid - Long Term Calls
Note: Risk (1 out of 5) is my opinion of how risky the stock and these plays are; 1 being the lowest and 5 is the highest.
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