Great day in the markets overall! I finished up more than $21k, or 3.31% for my portfolio. We had 3 trading alerts fire in the Discord for V, SPY and BABA. In summation the Fed signaled Monday that the economy is still far away from raising rates.
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:
$ROKU Call +30%
$NAIL Commons -8% (ong)
$GPS Commons +2.7% (ong)
$V Call -5% (ong)
$BABA Call -1% (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 Support Trend; $240c monthly; Small position on V, bounce. Visa bounced perfectly on my trend support line from Trend Spider. Once I got into monthly call at $240, V pulled back a little and the contract finished down for the day by 5%. Tomorrow I'll be watching this one to see if I can turn a profit out of it, if it pulls back more I'll be cutting.
Alert triggered: BABA Bounce on lower support; $220 dated calls (3-6 months); on BABA, bounce. Alibaba also bounced on low support today, but similar story to visa pulled back toward the end of the trading day and my contract finished down 1%. I might start loading up on the 100+ day calls for BABA. Overall undervalued company right now.
Alert triggered: SPY Stoch RSI Bull Cross, Buy SPY Calls on SPY, script_returned_true. A multi-factor alert that went off today, thanks to Trend Spider. Stochastic Bull Cross. Entered at the beginning of the day tomorrow and exited after exactly two days. This returns a 64% likelihood of success. Play this one with commons or options, however the strategy tester on Trend Spider isn't taking into account any Greeks for options.
Waiting for set ups to trigger on the following before entering options:
"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.