Can You Outperform The Market?
David Prince of T3 Live’s Inner Circle explains how traders can create Alpha through sizing: Are you taking on too many positions? Maybe. Sometimes, less = more in this game. And it’s possible to outperform the market with proper sizing on your best positions.
Continue Reading -->How David Prince Nailed TSLA’s Drop
“This is the greatest day in the history of days” That’s what one Inner Circle member had to say after a winning day trading Tesla (TSLA) puts in the room! David Prince saw weakness coming in Tesla earlier this week and went long the July 19 $245 puts on Tuesday. It was a nerve wracking trade for some with Tesla up over 50% since the end of June. But it all paid off on Thursday when the puts popped more than 200% as Tesla announced delays to its robotaxi project. This trade paid off big for members who were willing to follow along. How do we know when the top is? “The way to find tops is to look for relative weakness. When the Nasdaq is up 3 points and Tesla is lagging… you’ll know we’re at the top.” David also logged a winning Tesla puts trade inside his Epic Trades newsletter this week! Click here to learn more about Epic Trades so you don’t miss the next big idea from David.
Continue Reading -->Advice for Permabears: Opportunity Cost Is Your Enemy
What do you do if you missed $AMZN $NVDA $TSLA $AVGO?@epictrades1 explains the problem with being a “smart” permabear. This sounds a little mean… but you need to hear it. Opportunity cost is killing your P&L. pic.twitter.com/uCay0JOYgV — T3 Live (@t3live) July 4, 2024 The problem with being a permabear is opportunity cost. So many traders are obsessed with predicting declines that they miss out on all the huge opportunities on the way up. Plus, when things do correct, whatever a bear makes is dwarfed by that they could have made if they participated in rallies. David Prince explains this ugly truth in a not-so-nice way that people really need to hear.
Continue Reading -->Can Tesla and Amazon Still Run Run Run?
Brought to You By Power Plays SPX futures are +3 after a big three-day move that held 5446 last week to hit 5570 on Friday (all-time high). Now we see if we hold 5520ish. We have CPI Thursday, PPI & bank earnings on Friday. And Powell speaks tomorrow. Now let’s dig into some individual names: TSLA was a big money trade for our community as we hyper-focused here to clear the $191 and $199 area. It hit $252 Friday. It’s down small this morning which is no surprise because it’s a little extended. I’d think $242ish holds. It should be in play for the rest of the year so keep it on the radar. AMZN gave a big money trade when it cleared the $189-$191 area to see $200ish. Some news about Jeff Bezos selling stock slowed it down. It can still see $205-$210. The first step towards that would be a high volume move over stay above $200.55. MSFT has been a great Power Plays name. It cleared key levels at $433 and $457 to hit a high of $468 on Friday to manage. There is no real setup now. NVDA finally woke up last Wednesday as it went through a “re-build” stage. Friday it was out of play. I’m long versus the $125 area. We’ll see if it can hold today and trade better. The next spot to clear would be $129ish. AMD chopped up traders for months then finally cleared $166-$167 with volume and authority Friday. It’s giving some upside follow-through this morning to trim. Chances are this works back to at least the $183 area. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. See why now’s the right time to join. Your Tip for This Week: Take a Blue Collar Mentality Every day is a fresh start. As traders, we must maximize the opportunities that are in front of us at the present moment. Forget about what happened yesterday, and don’t obsess over what may happen tomorrow. Let’s say you have a bad Friday. Don’t come in on Monday thinking you have to make up for it. You won’t be able to manage risk because you’ll be trading out of desperation. Even the best of us have rough stretches. But if we follow our principles and enter every day with a plan, our good days will outweigh the bad. Just take it one day at a time. On the flip side, if you make a fortune on Monday, don’t get lazy on Tuesday! Stick to your plan and make the most out of what you see. This Week’s Calendar There’s not much going on today. But the rest of the week will be busy with Powell Testifying, CPI, PPI, plus bank earnings Friday. Should be interesting with light summer volumes, which could create volatile action. Positions Disclosure as of 2024-07-08 at 10.14.59 AM
Continue Reading -->These Bitcoin Names Look AMAZING (Sami Abusaad’s Swing Trade Game Plan)
Welcome to this week’s swing trade game plan. In this new video, Sami goes over: Why IWM is in waiting mode Why QQQ looks bullish – but may be in need of a little pullback Why ALNY looks so bullish The reason certain Bitcoin names look so good Long ideas like CDNA, RACE, and SNAP Short ideas like ANF and ZM And MORE!
Continue Reading -->JR Nailed a 40% Move in Tesla – This Is What’s Next
A month ago, JR Romero said Tesla (TSLA) was his #1 stock. And it’s up 40% since then. In this video, he reveals what’s next for Elon Musk’s baby: JR also goes over: Why he’s still bullish on the market Why he doesn’t bet on “Black Swan” events How he traded Tesla (TSLA) and Nvidia (NVDA) today His honest opinion on whether Chewbacca is underrated (yes, really)
Continue Reading -->Why Amazon Can Hit $220
David Prince of T3 Live’s Inner Circle explains why he’s loved Amazon (AMZN) so much, and why it can hit $210 to $220 this year: Amazon (AMZN) has been a monster stock in 2024 — but only after years in the dumps. David Prince explains: Why so many things are going right at Amazon The power of AWS and Amazon’s advertising platform Whether AI has a role to play at Amazon Why Amazon can’t hit the profitability of a name like Nvidia (NVDA), and why it doesn’t matter What it will take for Amazon to hit $21o to $220
Continue Reading -->Tesla Pops – This Is What’s Next
Tesla (TSLA) is 64% off its April lows. David Prince explains what’s next for this tech name: David also goes over: His long-term and short-term takes on Amazon (AMZN) How he’s positioned into the NFP report Friday and CPI report next week Why Inner Circle positioned long in Eli Lilly (ELY) What people who missed this year’s big market gains should know
Continue Reading -->NVDA: $122.60 Is the Level to Watch
Brought to You By Power Plays SPX futures are +9 after big first-half gains of 14.5% with a high of 5523. What will Q3 bring? As active traders, we go day-by-day and week-by-week to figure out the flows. Will money rotate to energy and bios? Can semis and mega-cap tech keep their leadership? Will the Fed cut in September? Those are the questions we’ll let the market answer. This week, we’ll see if 5446 holds to keep this upper level intact. Remember we close at 1 pm Wednesday, and then we’re off Thursday for the July 4th holiday. A tech sell program hit late Friday. We’ll see if this repairs fast or if we see downside continuation below $478ish in the QQQ’s. $473 is key to the complexion of the week. Now let’s dig into some individual names: NVDA was $136+ when I said the semis were overheated. Last week’s low was $118, and it bounced to $128. But it still needs time to rebuild. I did take some home and we’ll see if new flows come in, or if it works lower in Q3. For today, it’s down a little. See if it reclaims $122.60 or stays below. I bought OXY for the re-balance trade around $59.50 and sold most into the $63.50 area. Seems like this can work higher. It needs to hold $61.50. AAPL: Friday’s last 5-minutes felt mechanical, so I did buy into the close. I trimmed some this morning. I’ll see if this candle repairs fast. Strength was sold almost every session. For now, use $210ish as key. A move and hold below can send this back towards the $206 area. TSLA finally had a big money trade. I loaded up on options and stock last week. It cleared $189-$191 and hit a high of $203+ Friday, where I took it off. Some rolled into $202 or $205 calls for this week. I wasn’t at my desk to reposition. I did manage half. Deliveries hit tomorrow. Know what you can handle. META is so sloppy. It got hit at the end of the day with tech. We’ll see if it can hold the $530 area. Otherwise, it’s an avoid. It needs to hold $490ish. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. See why now’s the right time to join. Your Tip for This Week: Take a Blue Collar Mentality Trading isn’t about turning on your screens and swinging for the fences each day. It’s about hitting singles and doubles. Success comes from showing up and doing the work every day, the same way carpenters, ironworkers, and plumbers put together a building. For traders, this includes forming an effective trading plan, observing the market, and aiming for consistent profits. I’ve seen a lot of traders search and search and search for some kind of secret sauce. Hard, steady work is the closest thing to it. This Week’s Calendar US markets close early on Wednesday and are shut all day Thursday for the July 4 holiday. However, we do have some important data points this week — especially the JOLTs Job Openings, ADP Employment and Nonfarm Payrolls numbers.
Continue Reading -->Why NVIDIA Is Going to $100 (Sami Abusaad’s Swing Trade Game Plan)
Welcome to this week’s swing trade game plan. (Fast forward to 14 minutes to see Sami’s take on NVDA) In this new video, Sami goes over: How we’ll know if the market is double topping The problem with the QQQ’s on Friday’s close Why Sami likes ABNB, PATH, SFIX, TOST, and others Why NVDA may be going to $100 Why Sami doesn’t like SBUX and WBA
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