Option Strategies: .SPX, MSTR& TSLA
Hello everyone! Today i want to share some trading ideas with you!
1.
TRADE PLAN for LOTTO Friday 🔥
$.SPX(.SPX)$ consolidation day after the big gap up after CPI. If SPX gets through 5973 we will see 6000 test next. Price action can be more choppy from 5938-5973
SPX 6000C best above 5973
$MicroStrategy(MSTR)$ setting up for a move to 380,390 next. #bitcoin back above 100k as well.
MSTR 380C can work above 370 tmrw
$Tesla Motors(TSLA)$ if it can defend 414 in the first hour we can see a rally back up to 420-429 range
TSLA 420C best above 414
2.
Trading should never be your only source of income.
Only a select few can actually do this for a living.
The amount of pressure on a daily basis to make money is too heavy for most people. If you have all sorts of liabilities(mortgage,bills,loans,), The inconsistent income from trading can negatively affect the way you trade. a 3 month losing streak can cause you to make emotional decisions and cripple your trading edge.
There's nothing wrong with one or two other sources of income to help alleviate the pressure of making money from trading. If you can do this, you will trade more objectively and be more consistent with your trades.
Those of you that actually want to go full time, Make sure you have the resiliency and grit to endure losing streaks and bear markets. This is the true test of a trader.
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