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Journey to $1 Million - February 1st, 2021

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. 1-on-1 Private Coaching via Zoom is now available. Whether it is portfolio building and review, formulating a personalized options strategy, or the basics of how to trade - I'll make your portfolio relevant. Email me here or DM me via social media.

YouTube Video Link: HERE

Warning Still Active for an entire market pull back.

A big sigh of relief came across many people as they watched the market rebound today. The biggest pullback since October 28th is looking like it is over for the most part. I'll still be keeping the warning for the entire market pullback active for now. Be a little careful if you are getting into big/short term option positions.

  • $SPY: +1.66%

  • $QQQ: +2.69%

  • $DIA: +0.78%

We are green across most of our watchlist today, and here are the top three most notable picks that we called out that are up today.

  • $CCIV: +21.6%

  • $ACTC: +10.8%

  • $REGI: +10.4%

Today my portfolio had a successful rebound from yesterdays dip. I hope you guys bought the dip with me and profited. In times of market panic is where we will make the most money. Since the Covid-19 panic of last March, I have bought every dip.

Here are my orders that were filled today; only a few were not - including my $QQQ call option. I'll reevaluate that one tomorrow.

Adding to Watchlist:


$PHUN: This is one that came across my radar earlier today. It is up 22% for the day, mostly due to hype value online. I can't find a fundamental reason for the appreciation. Even this article that I came across says, "On Reddit, Facebook, and Twitter, a group of people launched PHUN buying campaigns in order to increase the price of shares". There is no shame riding the hype train after what has happened recently with $GME. Tread carefully on this one. My opinion is get a few hundred shares and sell covered calls on the way up. Currently closed at $2.50.

  • Target Price: $3.6

  • Entry: $2.3

  • Risk: 5

  • Timeframe: 1-2 months

$CANG: This is a company based in Shanghai, China that connects car buyers with dealers, financial institutions and other parts of the industry. With the rise of the middle class in China, this could provide us an opportunity to get in while it is still relatively unknown. Go small on this one and keep a tight Stop Loss.

  • Target Price: $21

  • Entry: $12

  • Risk: 5

  • Timeframe: 2-3 months

$STPK: Star Peak Energy is a SPAC that will merge with battery-storage management company Stem, Inc. I believe this will double because it is undervalued compared to energy storage companies like Blink ($BLNK) and Switchback ($SBE). Wait for a pullback on this SPAC and get a good price, as it went up 22% today. I think $45-$50 is a very realistic target. Dollar cost average the way down.

  • Target Price: $45

  • Entry: <$25

  • Risk: 4

  • Timeframe: 2-3 months

$GEVO: Gevo INC is a renewable fuel company and if you have been following my daily write ups, you will know that I am bullish on companies like this. The Biden administration is very friendly toward renewable and clean energy, thank god. $GEVO co founder, Frances Arnold was named to the president's Council of Advisors on Science and Technology in January.

  • Target Price: $16

  • Entry: <$10

  • Risk: 4

  • Timeframe: 1-2 months

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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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.




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