Any business owner worth his or her (their?) salt should take customer reviews seriously. And if you know me, I aim to be worth my salt!
So this review has me rethinking my frood company in India that appears I’ve been pitching on the side of Bullseye Trades:
Awww one star ?, sorry Rajkumar.
I guess it’s time to quit my stab at diversification ? and focus on what I do best – teaching people how to navigate the ups and downs of the market.
You know, like the ones we’ve been having lately?
Oh, the volatile markets of September!
They sure make it difficult for lots of traders out there. Fortunately, I have a time-tested system for isolating AMAZING opportunities in all this mess.
Honestly, I’m not a bull or a bear. I’m a trader.
I don’t care whether the market goes up, down, or in circles. I’ll make money if I’m on the right side of the trade.
That’s why I rely on my multi-layered screening process and “Gamma Trigger” set-up to find stocks that can really move.
For instance, I sent out this alert to Bullseye Trades subscribers on Tuesday (fyi- these normally go out on Mondays, but we had a market holiday this week).
This week, I am on the fence about market direction. With $VIX trading so low, bonds not holding their recent bounce, and the QQQ’s having trouble with new highs, my gut says we are headed lower this week.
That said, I think interest rate-sensitive stocks like tech, homebuilders, and miners are the most likely to fall. I find it hard to believe those will rally, unless bonds suddenly recover.
Of those sectors, I think gold stocks are showing the most weakness already and that is what I am looking to bet against this week.
My Bullseye pick this week is puts on Gold Miners ETF (GDX).
There is a lot to discuss when it comes to how I see interest rates having such a big factor this week.
My plan for GDX this week is to get started on a partial position sometime today, hopefully on a slight bounce higher (this would make the puts go lower.)
Then I’d like to add to the trade 1-2 days later, assuming GDX is still under my stop price of $30.
If things go my way, I think we will see GDX fall to under $28, which is my first target, and then we could see $27 or lower after that.
I am only looking for a small move lower on GDX, so I am going with options that expire in less than 2 weeks in order to capitalize on that. This creates more risk for the trade, but it also could have more upside for me if it works out.
It is going to be a fun week of trading…I hope you are ready for it!
GDX Sept 22 BUY $30 put & SELL $28 put for $.90 net debit.
First, I’d like to point out we did go lower. In fact, there was nearly a 2% sell-off on SPY after that alert, just before the bounce.
And what about the GDX puts?
*results not typical. Trading is hard
That’s a pretty nice gain for just a couple of days, wouldn’t you say?
Especially in this kind of market.
? Quick Pivot -> I wanted to give a special shoutout to Mr. Frank Shen for referring my newsletter to his circle (see below for details) -> much appreciated, Frank! Thank you for the vote of confidence, means a lot to me ?.
Now back to it…while I can’t guarantee you’ll make money, but what I can promise is that I will put my heart and soul into teaching you how I trade. And I don’t hold anything back.
You’ll get complete access to my video training library, trading e-book (How to Become an Alpha Hunter), instant alerts on our Raging Bull app when I enter or exit a trade and much more…
It’s like an options trading college!
Except you won’t be paying thousands of dollars to attend. Get in right now for only $47.
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