NEW MONEY CLUB UPDATE
If you're new to the New Money Club or have any questions about how to allocate positions or how to execute trades, watch this video first.
Dear Trader,
It’s been an exciting week since we opened the doors to the New Money Club.
We started with a BANG!
You were able to close out your first overnight, triple-digit winning trade. I’m honored and humbled to have you part of the club. I love the New Money Monitor and I know you will too!
I’ve been following New Money activity to generate gains for over 15 years. So this isn’t some fly-by-night approach to trading. This will be a game-changer for you and your portfolio.
If you haven’t already had the chance, I recommend checking out The New Money Club Playbook. Simply click here.
As you know, I first discovered these money-making market signals in the trading pits of the Chicago Mercantile Exchange. The ability to see real-time order flow in the market and the following price action provided an edge.
On the CBOE trading floor, seats sold for $2.5 million because traders were able to follow these signals. But then, the switch to technology created the opportunity for an electronic eye to track all these exchanges in real-time.
This allows us to follow the same money-making signals without leaving the house.
The way we can track this under-market activity, we can detect suspicious trading patterns. These patterns are created by confident traders making large bets.
Sometimes it's because of a specific catalyst; such as earnings, product announcements or a litigation settlement. Other times, they’re ahead of the headlines.
Since we’re trading with only a single-legged call or put option contract, volatility going into that news event will increase. Once the news is out, volatility will contract. And the chances of a winning trade turning into a losing trade are more likely to happen.
That’s why a major part of our New Money Monitor system is focused on discipline. When we understand why we’re entering the trade, how long it will take, and when exactly to take profits, we will come out on top.
The great thing about the New Money Monitor is that it works in any type of market — but especially the one we’re in right now.
We saw that first hand with your first big triple-digit profit in Snap, Inc. (NYSE: SNAP) May 29, 2020, $18.50 call (SNAP200529C00018500).
I’ll provide more insight into that trade in the After-Action Report on Friday’s update.
If you took this trade, I would love to hear from you. I want your feedback so I’ve put together a quick survey.
Complete the quick survey now.
Or, shoot me an email at questions@newmoneycrew.com anytime with your questions or feedback.
Right now, we’re waiting for our Teck Resources Limited (NYSE: TECK) June 19, 2020, $10 call (TECK200619C00010000) to go in our direction.
If you haven’t yet, be sure to watch Part 3 of the New Money Masterclass, where I discuss how to trade the New Money Trade alerts. If you’re not using stops, you could look to add to your position on this dip.
Plus, starting next week, we’ll reserve Wednesday as Mail Bag Wednesday. That’s when I’ll answer your most pressing questions and feedback. To make sure you get yours answered first next week, send me your questions at questions@newmoneycrew.com.
As always, you can track our portfolio here.
To your wealth, freedom and options!
Joshua Belanger
New Money Club
P.S. Don't forget to sign up for SMS Text Alerts if you haven't already. It is on the right-hand side of the members' area.