If you CAN stomach big ups & downs...

This week is for YOU!

November 04, 2024

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Good evening, hope you all are well - what a week ahead of us all!

And I HOPE you saw my hot stock idea today which closed up over 20% today. If you’re not getting my mobile text alerts, change that by texting “RAGE” to 1-(888) 404-5747!

This morning, I told my Bullseye members today that we made it through a huge week of tech earnings reports last week.

While I thought the market would drift higher into the election, things sold off during the week on weaker-than-expected reports.

I also expected NVDA to outperform, but with weak reports from AMD and a disaster from SMCI, it dragged down even the strongest stocks in the sector.

This highlights how tricky it is to trade around earnings reports and also this little Election thing we have coming up tomorrow (along with a major Fed meeting on Thursday!)

We are in for another very volatile week, so if you can’t stomach some big ups and downs, this may not be the week for you.  No harm in sitting things out and waiting until we see a stronger trend in place, hopefully next week.

But you know what never sits out?  My Bullseye Top Idea of the Week!

I’m not sure I’ve missed any weeks since I started.  You can see my past few years of picks here with approximate max profit potential.

No, that does not represent MY personal profits, as I usually aim to lock in 30-50% on my trades and ensure I secure a winner when possible. 

However, I have been known to let a few RIDE!

This morning’s top trade idea for the week was calls on NFLX (members get my full plan and reasoning behind it, of course). 

I have been stalking NFLX for a while and had a great trade on it Friday with my Bullseye Unlimited members, but I’m not finished with it.

This is a big earnings winner that has been consolidating for a few weeks.  As long as the market doesn’t fall apart this week (no guarantees it won’t!), I think this stock is headed to $800+ by the end of the year.

This morning, NFLX dipped on the opening and I was able to get a starter position for cheaper than I had planned.  

However, it didn’t take too long for NFLX to make a 10 dollar move in about an hour…

[Go ahead and look at the chart, plenty of chances to get in and out of it today for a profit.]

I chose to lock in an early win - so I sold some of the weeklies I bought this morning, as well as reloaded on some of the dips.  

And let my members know… I don’t ever pass up a $10 move, and not sell at least some of my position!

Overall I closed the day up about $2000 and with two some options remaining open (*Trading is hard, results not guaranteed and should not be expected to be replicated typically.)

Not an easy day to trade, but never expect it to be easy!  

We’ll see how the rest of this trade plays out - but a reminder that you need to have the stomach for trading the CHOP in this Market.

So if you are tired of navigating this Market alone, give Davis a call and he’ll get you set up with the best deal available  (1-800-585-4488 / [email protected]).

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