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Journey to $1 Million - March 26th, 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.

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YouTube Video Commentary: Here

That was one of the biggest come backs that I've seen in a long time. The markets all opened red, even though the premarket was all green. Shortly after opening bell, they decided to sell off more and I made a decision to not dollar cost average more. Amazingly enough everything finished green for me; what a ride that was.


Markets:

  • SPY: +0.56%

  • QQQ: +0.12%

  • DIA: +0.65%

Notable Recent Picks

  • $STPK: +15.5%

  • $CAKE: +8.43%

  • $BBIG: +4.78%


My portfolio finished up 1.5% yesterday. I'm still down on the week, but I am anxiously waiting for a green Friday for tech.

Notable Mentions:


$ARKK: Ark Invest Innovation ETF is bouncing off of the 180MA currently. For me, this is very, very good deal territory. I think there are a lot of new investors, or possibly boomers, that are scared to jump into this right now since its lost over 30% of its value. Innovation is the future, especially for the millennial and gen-z generations. Cathie Woods stated earlier that she believes 50% of the stocks included in the S&P index will be greatly affected by disruptive innovation stocks. She also said that this is about to be the greatest transfer of intergenerational wealth.


I tend agree with her on this. I compare it to the people that think Tesla is overpriced because at current and future valuations, they need to sell more than 50% of the world's cars for that to make sense. I know, for some, it is a hard thing to grasp, that Tesla is a software and tech company, not just a car manufacturer. Maybe a lot of people have a hard time to grasp this, and other companies growth and disruptive potential because their lives haven't been personally impacted by this new technology.


The takeaway is that there are a lot of traditional and cyclical investors that are about to miss out on huge gains. I currently have LEAPS on almost all of the ARK ETFs and I plan to DCA more into them now that they are mostly around the 180MA. I do believe that $ARKK can hit $200 by the EOY as long as tech and growth rebound, and with that said I give $ARKK and the other ETF's a risk of 4. I'll be DCA more into January 2022 LEAPS at Friday's opening bell.

  • Target Price: $200

  • Entry: <$115

  • Risk: 4

  • Timeframe: 7-10 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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