How to trade META this week – Raging Bull

I’m excited about the Santa Rally and 2024 bull market.

Here’s a real life lesson on how I like to approach strong stocks trading above the 10-day EMA.

I did this trade Thursday into Friday.

First, my chart has the 10-day EMA on it. 

Then, when META is trading just above that level, I sell out-of-the-money puts down below. 

Those have low odds for the buyer, therefore high odds for me.

As the stock consolidates at or above the 10-day EMA, the puts lose value and I make money.

Here’s what that looked like Thursday into Friday.

In at $1.90 Thursday, out at $1.28 Friday or $.62 profit per contract. I had 12 contracts. 

What I love about this is it can be done with as little as $2,000. 

See how the stock dropped just below the 10-day EMA Thursday? 

As it bounced off the low, that’s when I entered the trade. 

I call that bounce ‘trampoline rejection’ and the reason it bounces is because algos often buy those dips.

Friday when the price action bounced up off the 10-day EMA I took profit.

I entered at $1.90 and want the $1.90 to go to $0 for 100% win. I exited thai trade at $1.28 so 33% or $744 overnight. 

Think about that for a second, we’re only talking about a $1,976 trade. 

See how I’m able to build a $2,000 balance quickly?

I teach in real-time members were alerted moments before I entered and exited that trade.

Looks just like a text message on your smartphone.

In 2023 the highest I grew a $2,000 balance was $31,856 doing this over and over. 

And it only took me about 100 days. Then there was a draw down so I decided to take profit.

Followed by starting a new $2,000 balance. My members love this strategy. 

And I have new trades coming this week on my current balance.

That $2,000 balance is up 133% in a month to $4,663.

Winning 19 of 21 trades. 

All alerted before entry and exit.

And I’m starting a 2nd $2,000 balance on January 2, 2024. 

So whether you want to learn how to trade a pure $2,000 like I’m teaching, or trade a bigger account, this strategy is the best I know.

Think about this for a second. 

A $20,000 balance would be at $46,600 in a month. 

And have you been paying attention to what Jeff has going on lately?

So he’s been on FIRE, dialing in his nearly $15,000 worth of AI tools to give him an extra edge in this over-extended market. 

But also in Alpha Hunter… where he has been embarking on a $10,000/month mission since this summer.  He’s about 5.5 months in and he is outpacing his goal!!!

Note that Jeff ISN’T trading with million dollar positions either – INSANE!

So I’ll keep this short since it’s Sunday…

Right now you can join ONE or ALL of his services – individually or through an Elite monthly pass.

Give all of Jeff’s services a try (along with mine and JW’s in the Elite offering) – see what resonates with you, hit your stride and start running!

And don’t forget, Jeff’s next Bullseye Trade of the Week dropping Monday morning (pre-market)…

Secure your seat today and get a head start on the New Year!

P.S.  For any questions, reach out to Jeff Brown @ [email protected] or 1-800-585-4488. And to bypass Bullseye Trades, go for Bullseye Unlimited – where you’ll get Jeff’s TOP THREE picks DAILY!  Let’s go!

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