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Journey to $1 Million, August 13, 2021

Two alerts fired today in the Discord server. One for AMZN LEAPS (again), and another for MA. Both fired right at close on their confirmation candle of 4hours. Tomorrow can still be a good opportunity to pick up some of these positions.


Looks like I made it to Market Watch.

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Based on the good jobs report from earlier in the day, it seems like the Federal Reserve will announce a plan to taper its asset purchases in September, according to a solid majority of economists polled by Reuters who also said the U.S. jobless rate would remain above its pre-pandemic level for at least a year.


"I know some Fed officials are pushing for it to happen at the September meeting, but that is very unlikely," said Jim O'Sullivan, chief U.S. macro strategist at TD Securities. "November is possible if the next two employment reports are strong enough, but the odds favor December as the time of the formal announcement."

Announcing the New Crypto Alerts


Introducing Crypto Alerts Channel in the Discord Server, is now free.


I will be providing clear entries, stop losses, and take profit levels for coin pairs on Binance.com.


*This is still in Beta, trade at your own risk*

Positions this Week


$BTI +9.1% (Calls; Leaps)

$ETSY +36% (Calls)

$F +6.2% (Calls)

$ABBV +17% (Calls)


New

$AMZN (didn't get a fill; set a new alert)

$MA (late alert; will consider tomorrow)


Closed

$MA -6% (Calls) - Cut and will roll out.

$AAP +49% (Calls) - Took Profit.

$EBON +40% (Puts) - Took Profit


Make sure to join our Discord community.


Become a Pro Stock VIP to get real time alerts sent out in Discord.

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New Alerts Set


An interesting opportunity, pointed out by a member of the Discord, to buy puts on $YUM. The stock is very overbought at the moment, and closing in on some sort of upper resistance that dates back exactly a year. I think that this is is a good chance to get cheap puts and right them down to at least the 20MA, maybe 50MA.


The financial sector is hot right now, to hot. Let's get some cheap puts on $GS if it bounces on the upper resistance that has formed more than a year ago. I like playing the bank stocks, as they are easier to predict. More of the same story for the GS put, ride it back to the 50MA.


I like NFLX, but not so much. If Netflix's price consolidates more toward support, which it bounced on 5 times over the past year, I see myself going into some more dollar heavy calls. I think 3-4 months out, around a $550 strike work best here.


I used to like $NIO and the other Chinese electric car manufacturers, now I like them even more. Beijing has given their approval in pushing this industry forward for the 'betterment of society'. I did a review on the ES6/8 on YouTube (not the best quality) and you can check it out if you want. They are very nice cars, however not as cool as Tesla, but they are everywhere on the streets of Shanghai.


I am taking on trading Apprentices this week and next. Here are some general tips I have given them. If you are interested in becoming an apprentice, it is free, please message me on Discord or email me. Limited spots.


  • Don’t go to big on the trades, relative to your account size.

  • Take profits at 20%~30% for now.

  • Don’t only get in one position, you need to be diversified. If 1 position sours, the other 5 will be decent.

  • Cut losses if you are down 10-20% or whatever you feel comfortable with. You can always DCA more into the position but this should be after careful consideration.

  • It’s not very hard to make money investing. The key is actually investing and not just trading. Forcing trades is the worst thing you can do. Positions will come. Be an expert on a few companies not every company. The trades will come to you.

  • I average maybe 1 per day.

  • 90% of your portfolio should be put into longer term, safe choices. 10% should be short term options.


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Disclaimer: The comments opinions and analysis expressed herein are for informational and educational purpose only and should not be considered as individual advice or recommendations. Prostockadvice.com is not responsible or liable in any way for opinions expressed here. This is not meant to be financial advice as we are not a licensed financial advisor.