On Tuesday, Inflation numbers came in worse than expected, and the market TANKED! Whilst many were panicking, I was already flat coming into the day. I don’t like to panic-buy when stocks are overextended. I like to buy strong stocks at good levels.

ETSY was my Bullseye trade of the week. That’s my favorite trade idea for the week coming into Monday. I was patient and didn’t chase it, but I was prepared! So when the market sold off on Tuesday, I picked my spot and bought ETSY. Here’s what happened:

Here was the Alert subscribers received in their Dashboard and in the Raging Bull app:

And here is my result:

Here’s What Subscribers to Bullseye Trades are saying:

If you haven’t heard, I launched Bullseye Unlimited yesterday. Get more Bullseye more often.

Every Monday morning, I send out my best trade idea for the week before the market opens to Bullseye subscribers. After analyzing the market the week before and running through charts over the weekend, this is my favorite and most primo setup to start the week.

There’s a lot of thought that goes into the Bullseye trade of the week. I’m looking to find good trade ideas that are outliers in the market.

Here was my reasoning for the Bullseye Pick, which was sent to subscribers on Monday morning on September 12, 2022.

Bullseye Pick Of The Week – ETSY

Last week, I managed a decent win on NFLX as I took the quick win a couple of days after I entered the trade.  If I had decided to hold over the course of the week, that would have ended up being a much bigger gain but that is all part of trading!  I am happy any time I can exit a trade with a win.

This week, I am finding great setups on stocks that have a tailwind going into the Christmas season.  Think about online retailers and stocks that will benefit from increased shopping habits.

If you want to see me discuss it LIVE today make sure you join me and 100’s of other people in the 360 chat room @ 11am EST for the Bullseye LIVE training session today!

This is the hottest trading room at Raging Bull with hundreds and hundreds of people there every day. We are opening it up to you at absolutely no cost for the remainder of summer, so make sure you check it out during the week for live trading ideas practically nonstop!

>> Bookmark this page so you have it handy:  https://app.ragingbull.com/rooms/360

The top stock on my list this week is ETSY.

ETSY

Right now, the stock has a great pattern I love and I really want to trade it this week again.

ETSY is one of my favorite stocks, so that checks the first box for me.  The company is well-managed, continues to beat on earnings reports, and has proven resilient in bull and bear markets.

This is a fairly volatile stock, so I need to be prepared for some swings this week.  I don’t expect the market to cooperate nicely and head higher in a straight line after I make a purchase.

For my stop-loss, I will look to exit the trade if ETSY closes under $102, which is the recent support line in the trend over the last 3 weeks.

If I am right, I will look for an exit near $120 as my ideal target, which is near the recent high in the trend.

As always, markets are fluid. I will probably get out of some/all of my trade if I get ahead of it.  I could also add to the trade at lower prices, as long as it is above my stop price.

My Trade Details:

• ETSY Sep 30 2022 110 Call near $6
• Stop : Close under $102
• Target : $120

As always, I will go over my thoughts on this trade live @ 11am EST every Monday – so please join me and hundreds of others then!

To YOUR Success!

With the recent market strength, TSLA has bust through the $300 level. I expected that, but now think this move is starting to get overextended. I definitely don’t want to be chasing it to the long side here. 

From what I’ve been reading, the Twitter (TWTR) case at the moment is not really going in Elon’s favor. He might have to end up buying TWTR, and at an expensive price at that! And if Elon has to buy TWTR, he’s probably going to have to sell more TSLA stock! 

I’m stalking TSLA for a short entry, and as soon as the technicals line up and I get my short signal, I’ll be sure to let subscribers know immediately.

I’m excited to announce a brand-new project I’ve been working on. It’s a groundbreaking trading system I’ve been piecing together that addresses every single problem traders face head on. It all goes down Wednesday, September 14th at 12pm ET. Here is your direct link to the room https://app.ragingbull.com/rooms/360

Over the last year, Elon has made a habit of selling TSLA stock at high prices. With this recent bounce, I wouldn’t be surprised if Elon hits the stock out of the blue and uses this TWTR case as an excuse to sell.

As an insider, you have 3 days to report any share sales. So Elon could come in, sell TSLA aggressively and smack the stock for 3 days and only then have to report his sales. At these prices above $300, I think it’s getting very tempting for Elon to come in and take another few billion dollars off the table! 

So keep an eye on news from this Twitter lawsuit as that could send the stock cratering. But that’s just the tip of the iceberg. Fundamentally, I think TSLA is now at risk of being taken over by the competition. Almost every single car manufacturer right now is going all in on electric vehicles. And most of these models are sold out across the board! 

I think automakers will soon catch up on production and finally be able to meet demand. This might be bad for TSLA’s growth in that finally, there’ll be a bunch of great electric alternatives to TSLA. The market is a forward pricing mechanism, and once analysts and traders realize that it’s not all roses for TSLA moving forward, I expect the stock to see a decline!

I think a fast move back below $300 to $270 would not be unreasonable in the short term.

If you’re struggling with your trading, become a part of a community striving to improve your trading, and receive the education you need!

If I’ve said it once I’ve said it 1000 times…

if you chase high-premium call options, Theta (time decay) is going to eat you alive.

FOMO (fear of missing out) is a terrible thing for traders that are trying to figure out the complexities of trading options. 

FOMO leads new traders acting on their emotions, causing them to ignore the critical checklist of items that one must run through when looking for HIGH PROBABILITY options trade.

Here, let me show you something astonishing:

This is a trade idea that was sent out by RagingBull’s own Ben Sturgill earlier this week.

Folks, a nearly 800% move IN JUST 4 HOURS is the kind of trade that makes Theta RUN FOR COVER!

Time decay does not have a chance when a long call trade works this quickly. 

And if you think it would have been impossible to get into this trade, think again!

IMMEDIATE, ACTIONABLE trade alerts are what we do best at RagingBull…just like this:

If you haven’t heard already, Ben introduced an INNOVATIVE new product recently.

The introduction of this product was so popular, however, that he had to shut down registration so that he can be sure he’s giving all members the attention they deserve during my LIVE sessions. 

But DON’T WORRY!

We are currently ramping up our backend operations so that we can start taking on new members again in a few weeks. 

REMEMBER, all of our alerts come via mobile app, email, and during LIVE trading sessions.

Folks, it doesn’t get any faster.

Not able to follow LIVE throughout the day?

Too busy to trade on a daily basis?

Well, then my Bullseye Trades service is PERFECT for you.

One trade idea at the start of every trading week, before the start of trading.

Then, daily updates to help you manage the trade, along with LIVE training to DRILL HOME the key concepts!

And this week’s Bullseye Trade is a great example of how I:

1. Set the tone for the week by putting members in a bullish mindset

Here’s the actual quote from this past Tuesday’s (due to Monday’s holiday market closure) pre-market Bullseye alert: “This week, I am actually bullish on the market.  I think we are due for a bounce and I want to look at large cap tech names.“

2. Provided a detailed plan of attack

Here are the actual trade details from the Bullseye alert:

3. Provided members with and idea that moved aggressively in the desired direction in a short period of time to overcome time decay (Theta).

4. Helped members manage their trades by answering questions in a timely manner

Here’s a screen grab of how I am always responsive to members’ requests to help them manage the trade via our member chat: 

Now, on Tuesday we all will be hit with the latest reading on inflation, in the form of the CPI report.

Trust me when I tell you that you will want to know how I am attacking what is likely to be a VERY interesting reaction to this report HERE. But you’ve got less than 24 hours to do so!

And DON’T FORGET, I’ve got a special event coming next week. On Wednesday at 12:00 pm ET join me live in the 360 Wall St Chat room at ZERO COST. 

It’s going to be EPIC!