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🎯Target hit, on to the next pick....

🎯Target hit, on to the next pick....

February 10, 2023

On Monday I sent my Bullseye Unlimited members my favorite trade idea for the week.

While this is true...did you know they actually get 3 trade ideas EACH DAY???

But to circle back, it only took 3 days for that top trade idea to work!

Here’s how that looked if you were sitting on the sidelines:

Now, not all my trades work this well (check out these trades from the last few months here, I’m proud of them!) but I can help you think like a pro and help you develop your own trading plans and playbook.

Here was the reasoning I sent to members for this CVNA trade on Monday:

CVNA- It pains me to say it, but for my trade idea this week – I am breaking some rules.

The stock I am going after this week is not a strong earnings winner. It is not fundamentally a great company. In fact, I think there is a decent chance it will go bankrupt some time this year.

This is a very high-risk, but possibly very high-reward type of trade if it works out.

You must be asking yourself, “If it is such a trash company, why buy CVNA?”

I think shorts are in a big mess right now and if the “Apes” get their way, they will push this stock right back up soon.

That being said, I am not going to trade as big of a position as I normally would. I think trading a “half-sized” position for me this week makes the most sense.

I sent everyone a complete game plan of how I wanted to trade it, and here was the contract I alerted:

My Trade Details:

CVNA Feb 24 2023 $15 Call near $3
Stop: Close below $11.80
Target 1: $16.50
Target 2: $21.50

And here is a snapshot of my trading journal to show what that looked like in my actual trading account…

I took ½ of my position of after a 50% move so I am still in this trade! Lets see what CVNA does for the rest of the week, but I’m feeling comfortable no matter what happens!

What I am trying to teach week after week is my reasoning for my trade, and it was on point once again!

By the way, if you aren’t a Bullseye Member – you should be!

Take advantage of this incredible offer right now to join before I drop my hot new idea on Monday before the market opens!

Now, here was a stock that I just notified my subscribers to Bullseye Unlimited, so I want to make sure it’s on your radar as well...

STLD - Steel Dynamics is a producer and a recycler of steel. The stock is up over 140% over the last 12 months and made all time highs just last week.

With the US government planning 200% tariffs on Russian Aluminum the fundamentals for STLD have gotten even better. There is no reason this trend cannot continue and for STLD to make new all-time highs shortly.

Here's how I am looking to trade this:

STLD Mar 17 2023 $125 Calls near $4.50
Stop: Close below $116
Target 1: $130
Target 2: $135

I’ll be watching this trade very closely and will update all my members as it sets up for a spot I want to buy it – don’t miss out!

I really hope these ideas help you in your trading and I hope we can pile up a lot of winners this month.

Have a great day, I will follow up with more trading ideas and strategies soon!

P.S. If you have any questions about Bullseye (or upgrading to “Unlimited) call Jeff Brown @ 800-585-4488 or ([email protected]) and he would be happy to talk about any special offers, payment plans, and help you in any way possible.

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