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Journey to $1 Million - May 11th, 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 Commentary** : Here


It has been an extremely extremely difficult and trying market the last two months. News and data is counterintuitive, it may seem, and some blue chip tech names are getting beat down just when you think there is a new floor beneath them. This is the point where most people throw in the towel, yet it is at these points where we can learn the most and improve. In the world of sports the point where an athlete makes the most improvements is when they are so tired and feel like they can't keep going, but they push forward. I can relate somewhat to this right now and I am sure (based on my analytics) that a lot of you feel the same.

However if you zoom out on the charts, it appears to not be so bad. Actually the QQQ is only at the 50 day MA currently, and only 8 days ago it had just pushed to all time highs. Of course this doesn't mean that it can't keep falling, and more than likely it will or at least be very choppy going into the summer. Investors are clearly nervous and have gotten out or getting out of the high growth tech names and into some "better" deals, like financials are energy.

$FAS is one that I am keen on and was in around $90 earlier this year. It set ATH's yesterday before dropping. The charts for UDOW and NAIL look similar. These are probably best bets for going into the summer. Tech and growth might have a hard time until after the summer. The inflation fears are real and investors are digesting what to do with it.

$ERX or $GUSH are both 3X energy/oil ETFs that have also been performing well for the most part. Also a day off of all time highs.

In summary, I see a lot of gripe and moaning. I see a lot of people throwing in the towel, and I just don't see a lot of people anymore. In actuality the DOW is at ATH's and so are some of the other ETFs/stocks that I've been writing about. Yes, tech is not doing well, however those are not the only stocks in the stock market, and if you only have a tech portfolio, maybe it is time to better diversify. No one can say when the tech drought will end, although I can probably say it will get worse before better.


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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. 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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