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Journey to $1 Million, November 5th, 2021

It is almost Friday, and the first week of November is coming to a close - what a week it has been. My account is up more than 10% this week so far, and it is hard to believe it won't pull back some tomorrow. Most of the stocks that I am in, and have gotten into during the previous correction, do very well in the winter season. I'm going to play it carefully into the end of the year, and be ready to take profits on some hot stocks when the Trend Spider seasonality starts showing declines.

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Seasonality of SOXL.


October and November both have been excellent for SOXL. Over the past 5 years, SOXL has a 75% chance of finishing up in October and 89% chance in November. So far both are true. However, that doesn't mean SOXL will keep running from here on out, therefore tread carefully and remember to take profits if you are in it. On November first SOXL opened the month at $47.79 roughly. In order for the 89% chance to hold true, SOXL can decline all the way to $48 from here, roughly 20%. If I were to bet, I'd say it will finish off somewhere above $50.

December looks to have a 50/50 chance of finishing up, but January 100% over the past 5 years. Just going off of this, SOXL declines into December before popping in January and February, and finally crashing in March/April. Of course past performance doesn't indicate future results.

Positions


Open

EBON -8%

SBUX +12.5%

ZIM +17%


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Alerts


ZIM bounced off of the 50MA just like I anticipated and is moving up toward $55. I wouldn't stay in this position to long, nor to big, so I'll be looking at selling toward market open tomorrow for a small profit.


SBUX got smashed on earnings, however has recovered nicely and approaching the 50MA, where most likely I'll take profit on this position.


EBON is still cruising on the 50MA, and if you aren't in or if you are, time to DCA down on this position. Puts.



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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