Lecture Notes: Tesla, Market Moves, and Trading Strategies

Key Topics Covered:

1. Avoid Writing Covered Calls During Major Events

• Avoid writing covered calls into earnings or major events (e.g., deliveries).
• Example provided: Yesterday's scenario could have been risky for covered calls.

2. Tesla Performance and Market Impact

• Tesla Energy: Up 132% vs. Q1 of 2024.
• Misconception: Emphasized that Tesla is not just an auto company (AI, satellites, solar, battery storage, etc.).
• Stock Movement: Tesla stock hit new highs - almost $220 in pre-market; up 8% today.
• Job Numbers: Released at 10 AM; impact on market movement.

3. Strategies and Tips from Coach

• Straddle on TSL: Entered and doubled the daily goal.
• Market Entry and Exits: Importance of making quick decisions and taking profits.
• Veteran Trader Testimonies: Positive feedback from a trader making $2500 early in the market.
• Sales Promotion: VIP memberships promotion with discounts and special offers.

4. Significant Market Observation and Trading Philosophy

• Market Watch and Reaction: Watching movements, especially around key events or announcements.
• Open Microphone Strategy: No other trading group uses an open microphone for real-time guidance and community engagement.
• Mindset and Strategy: Encouraged smaller position sizes to manage risk and prevent fear-driven decisions.
• VIP Membership Benefits: Training, masterclasses, workshop classes, and videos on demand.

5. Live Trading Commentary

• Pre-Market Analysis: Stock levels and support/resistance identification (e.g., Apple, AMD, Google, etc.).
• Market Changes: Warnings about potential changes tied to scheduled announcements.
• Specific Trading Moves: Multiple live trades on SPY and Tesla, including scalping strategies.
• Market Volatility: Noted reactions to Powell's speaking engagements and other news events.
• Patience and Strategy: Emphasized waiting for confirmation before entering trades and the importance of adhering to one’s own rules.

6. Community and Acknowledgements

• Moderators and Support: Shout-outs to various moderators and their roles.
• Military and First Responders: Gratitude expressed to military personnel, first responders, and essential workers.

7. Sales and Promotions Recap

• Ongoing Sales: Emphasis on using the discount code SUMMER1000 for significant savings on memberships.
• Last Call for Discounts: Urgency created around the limited-time offer.

8. Coach's Departure and Transition to Moderators

• End-of-Session Notice: Coach signed off early due to personal commitments, handing control to moderators.

Key Takeaways:

• Be cautious in trading around major events and announcements.
• Understand the full scope of companies like Tesla beyond their primary business (i.e., automotive).
• Use size-appropriate positions to manage risk effectively.
• Watch for market shifts tied to significant announcements.
• Utilize special offers and discounts for memberships to gain more in-depth trading education and resources.
• Leverage community support and resources provided by the trading group.

Important Note:

• Always review personal trading rules and strategies to ensure discipline and risk management.