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Journey to $1 Million - June 18th, 2021

What an interesting and confusing day! The Fed is planning on letting the inflation run, so these inflation trades are great - one would think. What actually happened was the inflation trades sold off and tech made a ran for it. Not complaining one bit. This is the reason why I waited for the most part on pulling triggers, at least big triggers.


We did have 2 alerts fire, thanks to Trend Spider. $V and $ROKU; both big successes. Overall finished up about $15k today, and it is looking like we will finish the week.

25% OFF Trend Spider - I would like to thank Trend Spider for the awesome charting tools. It is one of the best technical analysis tools out there. Everything is automated for you if you are not so good at TA or don't have the time for it. Highly recommended to check them out. TRENDSPIDER. Use code PS25 for 25% off!

PICKS THIS WEEK:


$OKTA Call +25%

$ZM Put +31%

$DIA Call +0%

$V Call +30%

$NAIL Commons -12% (ong)

$GPS Commons +1.2% (ong)

$ROKU Call +10% (ong)


REMEMBER: Make sure to take profits! Its better to take a little off the table then none!

Make sure to join the Discord for free alerts! I have put a lot of work into making a great community and setting up the alerts from Trend Spider to automatically go off when one of my own trading alerts are triggered.

ALERTS THAT TRIGGERED TODAY


Alert triggered: V at Support; Monthly $235c on V, bounce. Bounced right off of my support line and made a push toward the 50MA. I ended up closing out at +30% already because I like taking consistent profits. This one was all but perfect.



Alert triggered: ROKU Bounce 180MA; Dated $400 Calls on ROKU, bounce. "Dated" meaning 3-6 months+, not weekly or monthly. There was some confusion so I want to clear it up. Alike V, this was another beauty. My position is only up 10% because of the longer expiration. I'll be keeping this one for now and seeing how it goes tomorrow.


PSA from the Discord:

When I said dated, I just meant not weekly or monthly. Maybe 3-6 months. LEAPS will mean more than 12 months. Let me know if there is a way or certain verbiage to make this better for you guys.


Overall I decided to keep the alerts generalized because I can't know when the alerts will go off, or hit support. If a stocks is trending up on support with a positive slope, it could 'bounce' on the support 4 days later and be higher than what I initially wrote. Therefore, putting the exact strike or expiration won't make sense and could hurt us actually.


The alerts will be for getting a general idea of what moves I want/will make. As far as strike and expiration, you'll need to customize those to suit your own trading style and risk tolerance.


If you don't know how to do that, I would highly recommend figuring that out ASAP and possibly sign up for 1:1's or the Webinars.

Waiting for set ups to trigger on the following before entering options:



$DFS

$MS

$SPY

$RBLX

$TTWO

$DOCU

$NFLX

$SHOP

$UYM

$BABA

$QQQ



"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett.


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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