Anatomy of a Great Trade
 
   
     
   
 
FEB 16, 2024
   
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SCOTT WELSH’S ANATOMY OF A GREAT TRADE
Anatomy of a Great Trade: QQQ
 
Deep Value trades can be deeply rewarding.

It’s always fun to get things on sale.

But there’s one problem: high-flying tech stocks almost never get to “deep” value.

They usually only get to “mildly under fair value”.

Those can be good trades but sometimes it’s easier to catch big wins on tech stocks by using a simple breakout.

And if we did that on QQQ, we’d be in the middle of a Great Trade right now.

Back in March 2023, the supercharged tech-ish ETF, QQQ, was slightly under “fair value” (the 800 SMA):
 
A buy there and an exit at the SMA would be a small win.
But a Buy on April 1st after a monthly close above the 12-month SMA would have gotten us in at $318.55:
 
And that entry pinpointed the beginning of the Bull Market nicely.

Our exit is a close below the SMA, and we haven’t really come close. 

If we followed our signal, we’d still be in and sitting on a 35% gain at the moment.

If the bullishness continues, this could turn out to be a really Great Trade. 

Happy trading,

Scott
 
The >ONLY< thing that REALLY moves stocks in a hurry!

No doubt you’ve seen it… Stocks moving practically straight up in very short timeframes:
• SMCI • NVDA • MARA • ANF and more…

These moves rarely make sense — the fundamentals are not the… the news isn’t reporting any big stories…

So WHY EXACTLY are these stocks moving so far so fast?
PROSPERITY PUB RETRO REWIND
Another Quick Win
 
 
A few weeks ago, 4 of our top traders got together for a show themed “Steal Our Top $500 Trade Ideas!”

Within 2 days, Jack Carter’s $500 trade idea — a bull put spread on AVGO — had already closed out a winner. $500 in 2 days.

The following week on Tuesday, Graham Lindman’s trade — a $65 strike call option on FTNT — also closed out a winner. That’s a total of $1000 just 6 days after the show aired.

Nate Tucci’s trade idea took a little longer — namely because he was playing on DKNG earnings and that earnings report just came out last night.

His play was a Bull Put Spread, betting that the stock would close above $41 on February 16th (today).

From the moment he called out the trade, DKNG marched steadily higher. 

Shockingly, even though DKNG blew away earnings expectations after yesterday’s close… The stock waffled and eventually ended up trading around the same level of yesterday’s close.

This trade is a great example of why trades like bull put spreads can provide more consistent win rates than directional plays that rely on the stock hitting a certain price.

With three trades now closed out as winners — and $1500 in the bank if you took these trades — just one trade remains.

Roger Scott’s VIX play. So far the trade has moved sideways, but it could take until after earnings for the market to really get volatile enough to make this play pay off.

If you’d like to review the Publisher’s Roundtable show and review the trades, click here to access the show notes.

— The Prosperity Pub Team

P.S. And don’t forget to click below to join our panelists’ FREE Telegram channels for bonus content, trades, tutorials and more!
 
• Jack Carter’s Telegram channel
• Graham Lindman’s Telegram channel
• Nate Tucci’s Telegram channel
• ​Roger Scott’s Telegram channel