Weekly Trading Recap and Insights

Introduction

• Salute to all successful traders this week.
• Encouragement to comment earnings and insights.
• Reminder to like and subscribe.

Key Trading Strategy Showcase

Matthew Perry's Lesson

• Scenario: Turned a losing trade into a winner.
• Start: 3 contracts, down $59.
• Adjustments: Bought more contracts to lower average cost.
• Strategy: Planned for market movements, especially post-news.
• Outcome: Sold contracts as planned during downward move.
• Takeaway: Importance of having a trading plan and being able to adapt.

Stocks to Watch

Nvidia (NVDA)

• Performance: Up 8.5% this week.
• Event: Stock split led to significant price run-up.
• Action: Buy on dips, consider options for higher gains.

Palantir (PLTR)

• Current Price: $23.46, up 1.38% today.
• Strategy: Buy at $20 or below, monitor key levels (23, 27, 30).

Meta (META)

• Current Price: $503.48, up 62% in the past month.
• Strategy: Strong buy on pullbacks, focus on long-term and dividend potential.
• Next Targets: $444 - $464 for more aggressive buying.

Trading Approaches and Mindset

Importance of Flexibility

• Reflect on the week (the good, the bad, the highs, the lows).
• Adapt strategies based on personal comfort and market movements.

Different Trading Styles

• Scalping: Quick in-and-out trades, usually within 15 minutes.
• Swing Trading: Holding positions for days/weeks based on projected movements.
• Long-Term: Holding positions for months/years (e.g., leaps, dividend stocks).
• Strategic Puts: Profit from market downturns.

Personal Trading Insights

• Example: Using swing trades for long-term plays like Tesla.
• Importance of pre-market planning and clear strategies.

Key Takeaways

• Experiment: Try different strategies (e.g., bull flags, gap fills, double tops/bottoms).
• Persistence: Allow time for mastery; it took years for consistent success.
• Community: Engage in learning and sharing within trading circles.

Conclusion

• Reflect on past week and strategize for the next.
• Reminder of the journey's importance, not just the end results.
• Encourage likes, subscriptions, and checking out new content.

Resources

• Description links: Discord and Money Team.
• Free stock promotions via provided links.