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Jason Bond Weekly Windfalls Strategy | Do I buy or sell?

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Well, an amazing storm hit the North East… and it knocked out the power in our area.

I didn’t have a generator, but I was still able to trade from my iPhone in my candlelit home right by the fireplace.

I did catch the SPY trade above $300, although it didn’t close above it.

Many are  thinking, “Is it time to buy the dip… or sell the rip?”

Well, it all depends on your outlook:

  • Your holding period: is it a few minutes, days weeks or months?
  • The overall market conditions, view on politics and the economy?

But to be perfectly honest with you—you only need to focus on chart patterns, catalysts, and value.

Today, I want to do something new — a game of charts (Is it bullish or bearish?)… and by the end of it, you’ll learn exactly how I was able to go 3 for 3 and rake in about $17,000 so far this week (as of yesterday’s close).

Basically, you’ll see the thought process behind these trades, the specific chart setups, and the strategy I used. In addition, I have a recording of a live trading lesson from the other day for you.

Contents

  • 1 Let’s play a game of charts…
      • 1.0.1 So is this bullish or bearish?
      • 1.0.2 What strategy did I use?
      • 1.0.3 Is this bullish or bearish?

Let’s play a game of charts…

Assuming you know the basics of charts (support and resistance, and a little bit of knowledge on trendlines are all you need), this is going to be pretty fun.

Take a look at this chart in QQQ (the tech tracking ETF)

So this was on Tuesday… and sure, I think the market is going higher… but we got there pretty quick (it was about 5 green days in a row at the time). I’ve been trading long enough that the market just doesn’t go on massive runs without at least some pullbacks.

This is where our game starts.

All you need to know that selling call spreads is bearish and selling put spreads is bullish (and trendlines, resistance).

Basically, I’m selling spreads to improve my odds of success, and take “directional” bets, efficiently. It’s my Weekly Windfalls Strategy, in case you don’t know.

With the way QQQ ran up, I figured it was going to pull back at some point soon.

Check out this daily chart in Facebook Inc. (FB). Remember what resistance levels are? If you don’t it’s an area where a stock has a hard time breaking above.

As you can see, $190 was a key level… and I figured there was going to be some selling pressure around there.

So is this bullish or bearish?

To me, over the short-term, it was a bearish signal. FB had a big move on Tuesday when I was setting up the trade… and I figured it was going to just shoot right through $190 because it’s had a tough time there over the past few months.

What strategy did I use?

I sold call spreads. This is a bearish trade.

Why?

Whoever buys the call spreads thinks Facebook will stay above $190… but I think it’s going to stay below $190. However, the odds are in my favor.

As time passes, I actually make money (all else being equal) and if implied volatility drops, I also make money. Those are lessons for another day… but just focus on the charts and the spreads.

Here’s how that trade turned out.

Let’s take a look at my trade in Shopify (SHOP).

Is this bullish or bearish?

Bearish to me.

The blue horizontal line is a key resistance level. Not only that, SHOP made a doji candlestick!

That told me this stock was stalling and it could pull back.

What did I do?

I sold call spreads… again.

Why?

The stock wasn’t moving with the market, there was no upcoming catalyst… so I was comfortable placing this trade.

Look at that. The very next day, SHOP drops hard.

I made $8,500 before 10 AM on Wednesday… and that was amazing for me.

But yesterday, I noticed a shift in trend… I placed two bearish bets, but then the market didn’t move as I expected it… so I had to swallow my pride and just move on.

However, I noticed this chart pattern in Amazon.com (AMZN).

AMZN actually broke above a downtrend line…

… now let me ask you, is this bullish or bearish?

Bullish, obviously right?

AMZN is bucking the trend… and actually breaking out of a descending wedge. I figured AMZN would stay above that purple trend line… and $1775 would act as support.

So what did I do?

I sold put spreads.

Here’s what happened with AMZN.

The very next day, as I was sitting with my power out… I locked in this 54% winner in AMZN.

If you want to hear more about these trades, watch my Facebook live video from the other day!

 

 

[Ed. Note: Jason Bond runs
JasonBondPicks.com and is a swing trader of small-cap stocks.  In 2015 he earned a 180% return on his money. Then in 2016 he turned a $100,000 account into $430,000!
Discover How He Did It]

Source: JasonBondPicks.com | Original Link

Author John GladstonPosted on October 18, 2019October 29, 2019Categories Jason Bond PicksTags catalyst, Day Trading Success, Fish Hook, How to become a successful day trader, Jason Bond Freedom Trader, Jason Bond Freedom Trader Complaints, Jason Bond Freedom Trader Fraud, Jason Bond Freedom Trader Login, Jason Bond Freedom Trader Pasr Results, Jason Bond Freedom Trader Past Performance, Jason Bond Freedom Trader Price, Jason Bond Freedom Trader Real User Review, Jason Bond Freedom Trader Refund, Jason Bond Freedom Trader Review, Jason Bond Freedom Trader Reviews, Jason Bond Freedom Trader Scam, Jason Bond Freedom Trader Website, Jason Bond Millionaire Roadmap, Jason Bond Millionaire Roadmap Customer Review, Jason Bond Millionaire Roadmap Review, Jason Bond Millionaire Roadmap Reviews, Jason Bond Millionaire Roadmap Scam, Jason Bond Millionaire Roadmap User experience, Jason Bond Penny Stock Playbook, Jason Bond Penny Stock Playbook Review, Jason Bond Penny Stock Playbook Scam, Jason Bond Picks, Jason Bond Picks Customer Review, Jason Bond Picks Review, Jason Bond Picks Reviews, Jason Bond Picks Scam, Jason Bond Picks User Experience, Jason Bond Swing & Long-Term Trading, Jason Bond Swing & Long-Term Trading Customer Review, Jason Bond Swing & Long-Term Trading Review, Jason Bond Swing & Long-Term Trading Reviews, Jason Bond Swing & Long-Term Trading Scam, Jason Bond Swing & Long-Term Trading User Experience, Jason Bond Ultimate Penny Stock Guide, Jason Bond Ultimate Penny Stock Guide Discount, Jason Bond Ultimate Penny Stock Guide Real User Review, Jason Bond Ultimate Penny Stock Guide Review, Jason Bond Ultimate Penny Stock Guide Reviews, Jason Bond Ultimate Penny Stock Guide Scam, Jason Bond Ultimate Penny Stock Guide User Experience, Jason Bond Ultimate Penny Stock Playbook, Jason Bond Ultimate Penny Stock Playbook Discount, Jason Bond Ultimate Penny Stock Playbook Free Download, Jason Bond Ultimate Penny Stock Playbook Real User Review, Jason Bond Ultimate Penny Stock Playbook Review, Jason Bond Ultimate Penny Stock Playbook Reviews, Jason Bond Ultimate Penny Stock Playbook Scam, Jason Bond Ultimate Penny Stock Playbook User Experience, Jason Bond Ultimate Strategy Course, Jason Bond Ultimate Strategy Course Discount, Jason Bond Ultimate Strategy Course Real User Review, Jason Bond Ultimate Strategy Course Review, Jason Bond Ultimate Strategy Course Reviews, Jason Bond Ultimate Strategy Course Scam, Jason Bond Ultimate Strategy Course User Experience, Jason Bond's Weekly Windfalls, Jason Bond's Weekly Windfalls Complaints, Jason Bond's Weekly Windfalls Fraud, Jason Bond's Weekly Windfalls Login, Jason Bond's Weekly Windfalls Price, Jason Bond's Weekly Windfalls Refund, Jason Bond's Weekly Windfalls Review, Jason Bond's Weekly Windfalls Reviews, Jason Bond's Weekly Windfalls Scam, Jason Bond's Weekly Windfalls Website, Making Money with Jason Bond Picks, Nathan Bear, Nathan Bear Millionaire, Nathan Bear Millionaire Roadmap, Nathan Bear Millionaire Roadmap Login, Nathan Bear Millionaire Roadmap Review, Nathan Bear Millionaire Roadmap Reviews, Nathan Bear Millionaire Roadmap Scam, Nathan Bear Millionaire Roadmap Success, Nathan Bear Picks, Nathan Bear Picks Login, Nathan Bear Picks Real User Review, Nathan Bear Picks Review, Nathan Bear Picks Reviews, Nathan Bear Picks Scam, Nathan Bear Picks Trade, Nathan Bear Picks User Experience, Nathan Bear Picks Website, Nathan Bear Raging Bull, Nathan Bear Results, Nathan Bear Scam, Nathan Bear Trader, Nathan Bear Trading Chat, Nathan Bear Trading Room, Penny Stock Playbook Free Download, Real-Time Swing & Long-Term Trade Alerts, stock pickimng service, Stocks Under $10, The Horizon, The Horizon Review, The Horizon System, The Horizon System Review, Weekly Windfalls, Weekly Windfalls Complaints, Weekly Windfalls Fraud, Weekly Windfalls Login, Weekly Windfalls RagingBull, Weekly Windfalls Refund, Weekly Windfalls Review, Weekly Windfalls Reviews, Weekly Windfalls Scam, Weekly Windfalls Website, Why You Need to Trade Stocks with an Experienced Community, winning small cap swing trades, Your experience with Jason Bond Pick

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