• Bullseye Trades
  • Posts
  • You cannot make all the people happy all the time šŸ˜‘

You cannot make all the people happy all the time šŸ˜‘

Lessons from my one star ā­ review

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 Iā€™ve been pitching on the side of Bullseye Trades:

Awww one star šŸ‘Ž, sorry Rajkumar.

I guess itā€™s time to quit my stab at diversification šŸ¤£ and focus on what I do best ā€“ teaching people how to navigate the ups and downs of the market.

You know, like the ones weā€™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, Iā€™m not a bull or a bear. Iā€™m a trader.

I donā€™t care whether the market goes up, down, or in circles. Iā€™ll make money if Iā€™m on the right side of the trade.

Thatā€™s why I rely on my multi-layered screening process and ā€œGamma Triggerā€ 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 QQQā€™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 Iā€™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 tradingā€¦I hope you are ready for it!

My Trade Plan Details:

  • GDX Sept 15, 2023 $29 PUTS near $.45

  • Stop: Close above $30

  • Target 1: $28

  • Target 2: $27

BONUS Put Spread Idea:

GDX Sept 22 BUY $30 put & SELL $28 put for $.90 net debit.

(ā˜ļøfrom my actual email)

First, Iā€™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

Thatā€™s a pretty nice gain for just a couple of days, wouldnā€™t you say?

Especially in this kind of market.

šŸ“£ Quick Pivot ā†’ I wanted to give a special shoutout to Mr. Frank Shen for referring my newsletter to his circle (see below for details) ā†’ much appreciated, Frank! Thank you for the vote of confidence, means a lot to me šŸ«¶.

Now back to itā€¦while I canā€™t guarantee youā€™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 donā€™t hold anything back.

Youā€™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 moreā€¦

Itā€™s like an options trading college!

Except you wonā€™t be paying thousands of dollars to attend. Get in right now for only $47.

So join the Bullseye Trades team now before the next idea drops Monday!

 

To YOUR success,

 

Questions or concerns about our products? Email [email protected] Ā© Copyright 2022, RagingBull

 

DISCLAIMER To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any RagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.

RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.

RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. Employees, owners, and other service providers of https:// ragingbull.com or RagingBull.com LLC are paid in whole or in part by commission based on their sales of Services to subscribers.

RagingBull.com, LLC shall be entitled to recover attorneysā€™ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneysā€™ fees, costs and disbursements in addition to any other relief to which it may be entitled.

WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services except possibly by advertisers in this email. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.