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Journey to $1 Million - May 28th, 2021

Update to My Journey:

It was a rather good and much needed week for growth and tech. My portfolio is up more than 7% this week, or $45k.

We still have one more trading session before the Memorial Day holiday. It is a long weekend and Fridays before long weekends have notoriously been hard.

More than anything I'm excited about my new options set ups and the plays that are about to trigger; part in thanks to Trend Spider for saving a lot of time on the technical analysis. I highly recommend checking them out for a free 7 day trial.


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 45% OFF


Options Triggering:

Facebook, $FB, has finally climbed back to major resistance (purple highlighted line) that it has rejected three times in the last year. The length back to the 50 day MA (red line) is the same as the length of the decline the last time it tested this resistance. It is likely that FB will consolidate next week before testing the resistance again. More so, the stochastic RSI and MACD are both showing sign of overbought. Therefore I believe that weekly puts could work nicely here. Friday's session will show us which direction $FB will move, and then we can pull the trigger.


Snowflake Inc, $SNOW, is a highly underrated company. They. provide cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, an ecosystem that enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data.

Earnings came out yesterday and they didn't do so well on paper, but actually this is one of the fastest growing billion dollar companies out there right now with some of the most million dollar contracts. Even with earnings underwhelming, $SNOW closed up more than 8% and looking like it is breaking through my resistance.

Personally I think this can go either way from here although I think it is more than likely to consolidate back to the 50 day MA which is currently intersecting with a strong trend line that has been both support and resistance dating back to last October. Like FB above, I'll be waiting for market open to see the direction before pulling the trigger.


These are not the only stocks I'm waiting for my set up to trigger on, those are just the ones that are closest. I've got alerts on Trend Spider set for all of the below. I will try to see if I can share my alert list with my followers directly from Trend Spider. That would be a great function.

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












Patience for a good entry is key.


Here is a summary of key points that the Senate Republicans countered the Biden Infrastructure bill with. This is great progress and I believe that EV's and Semis will benefit the most from this. Especially since the EV credits could be up to $12,500.

Quote from Morgan Stanley: “We believe the biggest beneficiaries of growing & extending BEV incentives will be based on who can produce the most BEVs (& batteries) to meet demand; GM & Tesla stand out here”

Their 12 month price target for TSLA is $880.


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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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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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