$2K SAJ daily watchlist

$2K Challenge

Good morning.

For those of you considering taking advantage of this sale before it expires, I thought you might like to read what the $2,000 Small Account Journey daily newsletter looks l like. Here’s last night’s email to premium subscribers.

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Tonight’s charts are from FINVIZ and show Keltner Channel +5 ATR as well as the Relative Strength Index. 

Today’s NVDA bear calls went well. 

Using the Keltner Channel +5 ATR lesson (watch) I was able to get in the $10 wide at $3.47 and out at $2.45 for a nice +29% +$510 win. 

A few hours later I entered the same trade at $2.90. 

As I type NVDA is down $10 from the close so maybe another win overnight if this holds up.

My TSLA -$185 / +$180 bull puts at $1.60 expiring next Friday didn’t start as well. Shares closed between strikes and that was fine by me. 

The RSI here is so depressed I just don’t see this going much lower before some form of a bounce happens. You just don’t see a 17 RSI on TSLA often and when you do, it tends to bounce for at least a month or two.

TSLA is trading up $1 in the after-hours so this is going in the right direction.

NOTICE: While I’m on that point. You tried Small Account Journey and you liked it. You might just like more RagingBull services. Which is why we’ve created an 8 service bundle for just $1,299. It saves you over $3,000 even from our discounted prices. The way I see it, you subscribe for a year and see which are your favorites. Then continue with those. But at 70% off, we can only offer this to 50 45 more subscribers.

My view of the market is neutral to slightly lower so expect more bear calls for now.

I’d like to see the QQQ come down to the 10-day EMA or Keltner Channel mean to shake some of these names that are far above their 10-day. 

My watchlist is NOW, SNOW, LULU, TSLA, NVDA, META and NFLX. My focus is bull puts but at the moment I’m trying to be balanced 1:1 bull puts to bear calls. 

• Current Balance: $2,000 - $10,572 or 429%

• Dates: November 13 - present

• Win Rate: 41 wins out of 47 trade alerts

It’s always important to reiterate 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.

Benchmarks:

1. $2K-$5K 100% allocation to get the account up in value fast

2. $5K-$10K 50% allocation (up to 2 $2.5K-$5K trades open at a time)

3. $10K-$20K 25% allocation (up to 4 $2.5K-$5K trades open at a time)

4. $20K-$100K 15% allocation (up to 7 $3K-$15K trades open at a time)

5. $100K+ is 10% allocation (up to 10 $10K+ trades open at a time)

Master cheat sheet

Daily watchlist

Current balance

Historical journal

Community chat room

Lessons:

• Overview

• Workshop 1

• Workshop 2

• 7 selling advantages

• 10-day EMA

• Refresher course

• Stop loss strategy

• Keltner Channels

• Honey Hole Spreads

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)

My strategy or edge stacks probability. Just like bookmakers (DraftKings), casinos (MGM Grand) and insurance co’s (Geico) do daily. 

$2,000 Small Account Journey probability stack:

1. Great companies like Apple trend up over time

2. Short put vertical spreads have high probability of profit

3. Focusing on earnings winners increases odds

4. Short put vertical spreads have 3 ways to win

5. Bullish chart patterns and 10-day EMA allows for precision entries

6. The buyers put options decay the fastest 5-7 days before expiry

7. Taking 30-50% wins quickly increases odds of winning

Jason Bond