$2K SAJ: Friday

Good morning, The Nasdaq is a bit extended but seems strong so I’m willing to get back into the market here. Just know I’m cautious. JPM, META, LULU, TSLA, MSFT, and NVDA are what I’m watching. The premium on JPM is just not there so while I want some diversification in names, that’s unlikely to be traded. LULU is right at resistance so I’d be looking for a handle to form on the cup before selling below the handle.  META, TSLA, MSFT, and NVDA are all extended from the 10-day EMA making them very risky to get in here. For me to enter these trades I’m looking for trampoline rejection off the 10-day EMA. Inside bar breakouts aren’t likely to work here given the steep trajectory of the price action. See what I mean? I’m not interested in bear calls in SAJ. I can tell you from personal experience it’s not easy to call tops. For me, the approach is to be patient. I’ve wiped out accounts getting too aggressive when my edge is not present. If you attended or studied my [lesson on the 10-day EMA]( you know full well there’s very few names at the 10-day EMA right now and inside bar breakouts have already occurred. When I feel uncomfortable putting on trades I’m usually right. And when I’ve ignored that intuition, I’ve usually paid a steep price. I have one goal. Get the account to $100,000. Doesn’t matter when, just get it there. And I want to try and have the best odds possible for each new position. I think we’ll see a dip in the market soon and be able to reset these trades, maybe even today. 💡[$2,000 Small Account Journey]( 💡 Journey A: $11,215 +461% or +$9,215 Status: Cash Allocation: benchmark 3 or 25% Results not typical. Trading is hard. Nothing is guaranteed. Journey B: $2,866 +43% or +$866 Status: Cash Allocation: Benchmark 1 or 100% Results not typical. Trading is hard. Nothing is guaranteed. --------------------------------------------------------------- Here is the approach I am targeting. It might need refinement if things don’t go the way I’d like but it’s always good to have a reasoned starting point and then to reflect and refine. Nothing is promised and my plan might not work exactly the way I’d like but I have the experience and expertise to refine and move forward with confidence. Benchmarks: - $2K-$5K 100% allocation to get the account up in value fast - $5K-$10K 50% allocation (2 $2.5K-$5K trades open at a time) - $10K-$20K 25% allocation (4 $2.5K-$5K trades open at a time) - $20K-$100K 15% allocation (7 $3K-$15K trades open at a time) - $100K+ is 10% allocation (10 $10K trades open at a time) --------------------------------------------------------------- Subscriber bookmarks: [10-day EMA]( [Download the spreadsheet]( [Workshop 1]( [Workshop 2]( [Community chat room]( [Journey performance tracking]( [Trade alert APP instructions]( [Trading In The Zone]( [The Complete Guide To Option Selling]( Leave [comments and questions]( below the watchlist --------------------------------------------------------------- Guidelines: - Tickers: best co’s in world, earnings winners, strong guidance - Order type: bull put (neutral to bullish i.e. good co’s tend to go up) - Target entry: 1-2 strikes below price and defined by technical analysis (sell below big support to boost odds) - Entry (credit) goal: 30% of the spread width i.e. $10 wide = $3, $5 wide = $1.50 - Exit (debit) goal: 30% if achieved on day 1-2, otherwise 50% of the credit - Stop loss strategy: defined by sold strike (conservative) or bought strike (liberal) - Allocation: starts at 100% and works through 5 benchmarks to diversify risk as the account grows - Expiry: 2-3 weeks from expiration (conservative) or 5-7 days from expiration (fastest rate of decay) --------------------------------------------------------------- I want to point out that I cannot speak for my members’ performance, as results may not be typical and trading is HARD. And I cannot guarantee you will make money, but what I can guarantee is that I will work my BUTT OFF to teach you WHY I trade WHAT I trade. 💡[$2,000 Small Account Journey]( 💡 Jason Bond RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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