Hello everyone! Today i want to share some option strategies with ou!
1.
TRADE PLAN for LOTTO Friday ✅
$S&P 500(.SPX)$ volatile day with SPX dropping 40+ points into the close. Price action still weak in $SPX after failing to move near 5900 today.
SPX 5800P best as a lotto under 5843 tomorrow
$Tesla Motors(TSLA)$ needs to get through 350 to test the key resistance at 363. TSLA through 363 will set up for 400. Wait for 350 for calls
$Robinhood(HOOD)$ held green on the day today. HOOD is setting up for 85+ once it reclaims the 66 level
HOOD June 20 75C is best above 66
Be patient as the market continues to find a bottom .It may take a few more days before the market starts to show clues of a bottom. Good luck tmrw everyone! 🫡
2.
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There's many times in the beginning where I thought about quitting. I doubted myself and questioned whether I made the right decision to pursue this path. It took me 3 years before I found my edge and a strategy that suited my risk tolerance. The market is the best at humbling a person.
Whether you have 1 month or 10 years of experience you have to stay on your toes each day otherwise you will get cocky and turn a good month into a bad one with a series of bad trades. It only takes 2 or 3 days of bad trading to ruin a month of good wins. You have to be consistent and adapt to the market otherwise you will eventually fail. Trading is not easy but if you can master yourself, anything is possible.
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