Account Updates + Outlook
Making plays on MSTR (Price Discovery) and BULL (Earnings today)
The Novo Nordisk (NVO) Trade Recap
Congrats to the winners, seriously. The ugliest bull flag in history did what bull flags do. Since I de-risked, that’s $4.6K of profit and a 133% rise from the original entry.
Yesterday, I de-risked a large position I was building under $65, which I've been saying is the opportunity zone. Today NVO opened at near $70 and sent a wick (again). So, again, congrats lol. I've been meaning to get you all involved in a rinse and repeat like this.
Below I'll be discussing the following with the members:
What am I doing with MSTR (calls or puts)?
In my Notes, I mentioned that I was settling for $29K after the pullback from yesterday's Ls.
So, Yesterday I Said What I Always Say
Whenever I take back-to-back Ls, I call it quits and I say, “Touché”. I have to give the Market Maker credit on these days. They got me. Hitting my stop twice (when I'm trading at max volume) equals a 15-20% total account loss.
I TOOK THAT L, and I'd show you, but that's just not good for your psyche lol. I took a sizeable loss yesterday because I REALLY SWUNG FOR THE FENCES, but I shouldn’t have because I wasn’t having a great day yesterday emotionally to start with. I tried to make up for that with a sizeable trade. It goes without saying that that's a terrible idea.
The trade on HIMS was not a bad idea; it was a like a 60% setup which definitely calls for a plan B (and I trade a fair bit of 60/40s if I'm being perfectly honest [I'll open a starter on 60% chances sometimes, that's light exposure]).
I'd Do It Again Too
Because there was about a 5 point rejection immediately after my entry (which happens because this is pivotal point trading), this trade was actually a freebie if there was any attempt to finesse and we’re all training that skill when the market shifts from directional to range-bound.
BUT here's how I'd do it if I had a second chance:
I'd have a Plan B
I'd include that Plan B with the alert
I'll try to include my Plan B for all trades moving forward because I've noticed I trade better when I do that diligence and the risk is really high in the small account at the moment.
My strategy with the “finesse” attempt is based on predicting rejections during bullish momentum (or incoming support during dips) in order to capitalize twice on the same move like I did starting back at NVDA'S Q4 earnings. If you need a guide on how I plan for false breakouts, just let me know. Then, you’ll know how to do the same in your own trades or when I’m too pressed for time to attach it. And don’t forget, there’s a 40% chance that the Secret Society goes on sale today after the market closes. I’ll do it if the red team lifts a trophy, so cross your fingers for them; I’m invested because I can relate:
When I was down bad after almost a year of failure in 2024, I lifted myself up with a few faithful followers by stringing Ws together behind the scenes. It’d be nice to see this team's new manager turn his squad into Champions during what many analysts have called the worst season in the team’s history; I'm rooting for him to do what I did.
Before I Get To The Goods
Check out this clip of how my trade went yesterday after preparing all week for my big moment …
