Hey guys,
In today’s video I go over the trades from yesterday.
First, the GDX/USO exit. This one didn’t work out. It wasn’t a big loss -- and that’s acceptable -- but I don’t have the patience to sit around and wait for the trade to work, this time...
The MU/EWH trade did work and we made double digits. So we grabbed our profits and it’s time to go. For now.
We entered the QQQ/FXI Money Link -- again. There’s a long-term trend with this pair that lets us take profits over and over. Last month we made triple digits on our options trade. We exited at the right time and are now re-entering as it breaks out.
And we entered a new Core Portfolio trade - Paypal and Visa. People don’t want to touch cash anymore. Everyone’s using PayPal or Venmo, which is owned by PayPal. The old school way where you get your card out is going away and here’s what I expect to see...
I do also want to mention that I changed the limit price on the options trade. We’re now at:
- BUY PYPL 8/21/20 165 CALLS AT 10.20 OR LOWER.
The update is posted on your member page, where you’ll find the latest up-to-date information on any changes.
Now, let’s talk about our strategy going forward into the summer...
LFG!