What a start.
Yesterday I kicked off the Daily Profits Live Open House with several winning trades.
I closed 4 winners in total – all in less than 1 trading day.
These included a 25% winner on ADP, a 30% winner on CELH, a 25% winner on META, and a 25% winner on TSLA.
It goes to show that when you have a system designed to find strong chart patterns, you can find potential profits in any market.
Take the ADP winner for example…
I noticed it had several stacked squeezes on my S.A.M. Scanner.
Here’s a simple way to look at squeezes.
All a squeeze means is… the chart is aligning momentum across the timeline (15 minute, 30-minute, and/or 60-minute) charts.
In short – energy is building – meaning it’s “ready to go.”
And when it comes to trading options – one tip I often give beginner traders is…
When in doubt, go further out.
This means when you’re trading an option – you want buy a further out expiration date that’s deeper in the money. This is usually the better play since the biggest enemy of option traders is theta decay.
Unlike stocks, options start decaying as soon as you put them out. and theta is the rate at which options decay.
So the farther out you go, the more time you have for the expiration to be profitable.
And I have one watchlist pick that fits this “no rush” criteria for trading this week.
That stock is Nvidia (NVDA).
The artificial intelligence giant is flashing several bullish signs according to S.A.M.
Its been on a run heading into earnings on Feb. 26, but I actually believe it’s just getting started.
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