[RagingBull Elite](
Undefined,
Popular stocks on Robinhood can be hazardous to trade.
If you tuned in for Jason Bonds LIVE event on Thursday, youâre well aware of the dangers of chasing stocks favored by smug millennials.
But if youâre going to do it, thereâs [a right way to do it that mitigates risk](.
Jeff Bishop demonstrated this in [his successful Bullseye trades play]( on Nikola (NKLA) last week.
Right off the bat, Jeff warned his Bullseye subscribers that NKLA was a controversial pick.
Nikola releases registrations tomorrow for their brand new electric truck, which has a similar concept to the Teslaâs Cybertruck, with a few differences...
It has 907HP and 980ft-lb torque. And it has a 600-700 mile range and can tow a trailer.
NKLA caught fire ahead of registrations and quickly surpassed TSLA as the most popular stock on Robinhood.
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Jeffâs overall [Bullseye trade idea]( with NKLA was that there had been an enormous amount of new retail buyers at these levels and that massive short positions had continued to build.
With NKLA consolidating around the $60 level, he thought shorts were once again trapped.
If there was another upward move for the stock, it could fuel another big surge of panic and short-coveringâand drive the price up higher.
Jeff was looking for a quick move to around $75 to take profits, but planned to stop out of the trade if NKLA closed under $55.
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Jeff went ahead and sent out [his Bullseye alert]( June 19 $60 calls around $5â and sure enough, NKLA caught another pop.
After hovering a point or so of his $5 buy zone for the first half of the session, the calls around $5 shot up past $12 right after Tuesdayâs open.*
It was a great overnight hold and fell right within [his anticipated 1-3 day hold time.](
Jeffâs [Bullseye subscribers]( were able to take profits off the trade ideaâ¦**
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If you want to receive Jeffâs critical Bullseye alerts, now is a great time.
[Jeffâs next Bullseye trade drops here tomorrow morning.](
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David Robinson Is an NBA Hall of Famer
Turned Real Estate Genius
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His Business, Admiral Capital Group
Has Invested a Total of $1.5 Billion
Learn His Thoughts on How Real Estate
Has Changed Since COVID-19 Hit
[Listen](
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[How I Rocked The Market Drop](
By Ben Sturgill of Daily Profit Machine
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[The WHAT, WHY, and HOW of Trading Short Puts](
By Dave Lukas of Options Profit Planner
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[Hereâs How I Find Support Levels in the Market](
By Jeff Bishop of Total Alpha
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[A Risk-Defined Way To Buy The Dip?](
By Jason Bond of Weekly Windfalls
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[Update: Can TEAM Break Out From Here?](
By Ben Sturgill of Dark Pools
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[COVID Makes Me VERY BULLISH About This Sector](
By Jeff Bishop of RagingBull Investor
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To your success,
The RagingBull.com Team
*Past performance is not necessarily indicative of future trading results, and the results presented in this communication is not necessarily indicative of future results, and the results presented in this communication are not typical. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.
**RagingBull.com, LLC utilizes select testimonials depicting profitability that are believed to be true based on the representations of the persons providing the testimonial. However, trading results have not been verified and will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. It is easy to lose money trading and we recommend educating yourself as much as possible before you even think about trying it. Past performance is not necessarily indicative of future results.
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