How I Turned $500 Into $1M+
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
