Thread by @SuperLuckeee

3 years ago, I turned $350 to almost $1,000,000+

Here's 10 lessons I wish I knew 🧵:

(includes my next big swing play)

Follow my trading partner @itsmichaelluu if you are struggling on stopping out and selling early:

https://twitter.com/1061650783333040129/status/1668409321997369344

1. We're in an upward trending (bull) market.

• We're still extremely early on the bull market run.
• By year end I think we trade above $460-$470
• Best to buy LEAPS and longer-term options to hold.
• Then scalp $SPY each day to add money to buy more LEAPS.

2. Most of the time buy more calls then puts.

• The market has turned from bearish to bullish.
• The FEDS will pause interest rates here.
• Most dips are being bought up now.
• Tomorrow most likely RED day since it will be hawkish tone.

3. When the market gets toppy or overbought.

• At those key levels that's where I would sell or trim my position to lock in gains.
• Only at key resistance levels on the $SPY weekly or monthly time frames.
• Do your best not to sell early or it will mess you up.

4. Learn to trade pull backs and reversals.

• This is powerful so you can add on dips for big winning positions.
• So you can jump into big trends when they move back down to support.
• Master being able to get into the trend by getting calls.

vimeo.com/596889502/deb0…

5. Earnings season will be extremely bullish.

• Guidance for companies are strong.
• Earnings price action is dictated 60% from its guidance.
• There will be P/E multiple expansion.
• Plan ahead of time so look at earnings calendar early.

This is my $UPST analysis for you to review. This is how much analysis I do to get ahead of the market.

https://twitter.com/1061650783333040129/status/1665750790751780874

6. $SPY is very predictable.

• Follow the important dates of the market like FOMC, CPI.
• September every year at Jackson Hole event is a big.
• Learn what a trending day looks like vs a choppy day so you don't waste your capital.

7. Follow closely the option flow and gamma levels.

• This is where you can find the market ranges and expected moves.
• Follow what the banks are planning to do next so you can stay ahead of them.

• Read my notes here with my students to figure out where market is going.

8. Buy the strongest companies only and hold them.

• Don't be distracted by anything else.
• Focus on $TSLA $AMZN $GOOG $NVDA $AMD $AAPL $AI $MSFT $META
• You'd be surprised how fast the gains compound once you are deep in the money.

9. Focus on getting calls to go long and selling at tops.

• Don't try to predict where the top is.
• On days where you buy calls and market is red. Stop trading.
• Look how far out my options go!
• And yes, you can do this with a small account $500-$1000+

10. On days where you buy calls and market is red. Stop trading.

• Do not fight the trend.
• The market sells off because of news.
• News is random and can happen anytime.
• Be patient and wait for adds to buy strong companies.

$TSLA is my next big swing play.

• Q2 Delivery numbers are coming out soon at the end of June 2023.
• Earnings Q2 will be bullish.
• $7500 EV credit makes their Model 3 under $25,000.
• I would wait on big pull backs to get LEAPS for 2024 and 2025

Did you find this helpful?

If you are struggling with trading psychology watch this 1HR lesson as I discuss with my students how to overcome your fears and build confidence:

vimeo.com/833968323/d498…

Make no excuses and be determined to outwork everyone.

Comment "AI" if you are interested in my analysis and swing ideas AI plays to help you grow your account!

https://twitter.com/1061650783333040129/status/1667188398212386821

Follow me @SuperLuckeee for more of my personal trading lessons and analysis.

- RT to share with your audience and help others.

https://twitter.com/1061650783333040129/status/1668769647154348033