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Oh, the sweet smell of panic ? – Raging Bull

Date:

  

?Weekend Warriors?

Alpha Traders -> Listen Up!

These OG Traders Are Going Back to Back

To teach you WHY they’re optimistic in the face of the Bears!

And followed with a special Small Account specialty training with Jason -> Saturday AND Sunday @ 1PM ET.

Happy Friday everyone!

There’s no doubt about it – we’ve seen one hell of a pullback this week.

Let me put it for you in context though – we’re trading back at levels we saw last month. It can feel rough, but this is not a major market drop, just a “garden variety” 5% dip.

As I read the chat comments and emails I’m getting that many of you are getting nervous…I completely understand.

If you want to hear my thoughts on the current market and see the top stocks I am looking to actually buy next week, then you need to make sure you attend my Weekend Warrior” session tomorrow (Saturday, Aug 19) at 12pm EST.

Simply click this link to get instant access (no download or password required).

I know, I know. We all have better things to do on a weekend, but if you’re serious about getting a head start on the week coming up, you better get your butt in the room for an hour with me to get equipped & prepped for what’s coming up.

Take it from someone who has been trading for over 20 years.

Pullbacks are normal and healthy. Plus, they provide some AMAZING opportunities to go long on the eventual rebound.

Yep, the rebound.

As someone who prefers bullish trades, I cannot wait for the markets to turn around so I can go long.

The pullback is EXACTLY what I need to make this a super-profitable month for my Alpha Hunter portfolio.

Even better than last month’s $15,699 gain, which put me 63% ahead of my goal of $120K by year’s end.

*Trading is hard, results not guaranteed.

You can see my results here.

? Numbers I Need:

The market isn’t crashing. This week’s drop was long overdue and something I was aware could happen at any time.

In fact, I mentioned multiple times in my emails to Alpha Hunter subscribers.

Sure, I was stopped out of a couple of trades.

Small, infrequent losses aren’t a big deal – in fact, they’re expected.

What I’m looking for is the reversal on the hourly chart (my favorite time frame) for SPY, QQQ, and the stocks on my watchlist.

Folks, that’s a Gamma Trigger ? set-up, my favorite entry.

I play what I see. I’m not a bear or a bull until the chart tells me what to do.

BTW – IF you missed my State of the Union address yesterday, where I covered this in detail, definitely check it out.

? Most Exciting Action:

This morning’s gap down may very well be the end of the downturn, but I am still patiently waiting on the perfect setup.

The buyers have finally stepped in. SPY, QQQ, and even IWM have found support. If this holds, then a near-term bottom might be in.

This is the absolute perfect time to go long by selling (not buying) options – which is what we do in Alpha Hunter.

All daddy needs now is a little more confirmation.

For example, CVNA is setting up nicely, so I’m watching it closely.

See how the stock is now starting to trade above the simple dotted blue line? The more hours that builds, the higher my conviction is in this trade.

It’s a great example of a “gamma trigger” in real life. Go ahead, put it on your radar and start watching how it builds from here.

? Past Alert Update:

Each time the market changes direction, I get lots of nervous chat comments.

I get it and it’s completely understandable.

No one likes losing, but it WILL happen. In fact, I recently took a 17% loss on COIN.

What’s important is that it was JUST 17% and not more (it would have turned into a disaster if I kept fighting the trend and still held on to it.)

I hoped it would turn around, and it could have. But I don’t care.

Hope is the worst trading strategy in the world.

When you enter a trade, always know when you’ll get out. Plan this BEFORE you ever enter the trade.

Stop losses don’t have to be complicated – and everyone has a different risk tolerance. So here are some possibilities.

Here is how I approach a trade…

EXIT A BULLISH TRADE IF:

  • Price closes below key support level it has touched more than once

  • Price closes in the lower range of the Keltner channel

  • Price closes below my short strike on a bull put spread

Obviously, the reverse is true on bearish trades.

PRO TIP: stocks most often go up (duh), so I want to make most of my bets on stocks rising, not falling.

I prefer a much tighter stop on bearish trades as they can reverse quickly.

Next time, we’ll discuss setting profit targets. Aka, when the hell do I take this money off the table?

This is just a taste of what you’ll learn as a member of Alpha Hunter.

And right now you can join for 70% off. Just use coupon code “save70” when you check out and hit APPLY!

I’m ending this sale on Monday so the time is NOW!

You get to see my EXACT trades in real time via the Raging Bull app.

Plus, all members get exclusive access to:.

The Alpha Chamber – Live analysis, trading, and chat

Detailed Trading Plans – Direct to your inbox every single day

Alpha Pulse E-Book – Learn HOW to sell options the right way

Next time, I’ll share a few new ideas that I am looking to buy – and WHY I want to buy them now.

If you want to get a jump on these new ideas, make sure you join me in my live “Weekend Warrior” session on Saturday, August 19 @ 12pm EST (tomorrow).

It’s totally free, all you need to do is join us by clicking this link:

To your success,

Questions or concerns about our products? Email [email protected] (C) Copyright 2022, RagingBull

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