Exactly a few years ago around this time, I turned less than $500 into $1,000,000+
You can learn my best strategy in less than 5 min:
1. This strategy only works if we are in a bull market or a trending up market.
- I think we are right now.
- The stock market is led by strong tech companies.
- The economy is it low employment and inflation is slowly coming down.
- $SPDR S&P 500 ETF Trust(SPY)$ end of year targets are at $800 now with $900 by 2027
2. You will need $1000-$2000 to start the account.
- Buy 1 or 2 contracts at a time but do not go in heavy. - You do not need to go in heavy this will only increase your chance of losing all your money.
- The options are swing trades similar to my $Microsoft(MSFT)$ calls I bought when it was $350.
3. Focus on strong companies and figure out what the catalysts are for each company:
- $Tesla Motors(TSLA)$ $Meta Platforms, Inc.(META)$ $Apple(AAPL)$ $Microsoft(MSFT)$ $Alphabet(GOOG)$ $Advanced Micro Devices(AMD)$ $NVIDIA(NVDA)$ $Amazon.com(AMZN)$ $SpaceX(SPCX)$
- Between these 10 companies there is always a big catalyst coming.
$SPCX will be a good one to buy and hold for a many years out!
4. The best areas to add to your swing positions is on the 20SMA, 50SMA or 200SMA.
- Never add when the stock is going up make sure to add when it pulls back, dips or is about to make a big reversal.
- The stock market always has a pull back where institutions will add again. So you dont need to have FOMO.
5. Manage your trade and manage your risk.
- If you get the perfect bottom entry then buy a little more size.
- If you chased the reduce your size to minimize the risk of losing money.
- Get contracts that expire 3 months to 12 months in advance
- Then you can swing them!
This is a buy the dip market. The secret is to buy at least 6months to 1 year of time.
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