Tackle Today: Stock of the Week: AMD | Tackle Trading
≈ Check the analysis on Instagram. ≈
“You don’t make money when you buy stocks.
And you don’t make money when you sell stocks.
You make money by waiting.”
— Mohnish Pabrai —
Warren Buffet makes money by waiting too. Unfortunately, this is not the case for AMD traders.
AMD is a beast. A Cheetah. When it runs, it runs. It is the PBT of the stock market (Poor Boy’s Tesla). If you can’t afford to trade TSLA, no problem, get AMD and jump on a similar roller coaster ride.
AMD was featuring on Coach Slawek’s Stock Report this last weekend and was voted by you for the Stock of the Week on Instagram.
If you are a cash flow trader and you basically trade Covered Calls and Naked Puts, how many times have you witnessed AMD helplessly running in-the-money?
If you are a directional trader, you are going to love Coach Tim’s analysis on Instagram. Old resistance, new support, doji, update trigger, intraday chart, new levels of resistance… it’s all in there. You’ve voted, you got it.
Yesterday we’ve released Module 3 of the S.T.E.P. Swing Trading System for the PRO Members. All you need to know on how to trade the bullish retracement (the case for AMD) is there:
Module 3: Trading the Bullish Retracement
- Session 1: Trade Identification
- Session 2: Risk Management
- Session 3: Profit Management
Not a PRO? You are losing a precious amount of content, especially after the addition of the S.T.E.P. System to the package. Sign up for a 15-day free trial HERE.
Chart of the Day: Helter Skelter
The image above is an AMD Beast 1-year daily candlestick chart. This is what you get when you sign up for an AMD roller coaster ride. Coach Tim analyses the stock on Instagram. Go check it out.
Video of the Day: How to Calculate ROI on a Covered Call — Coaches Mailbag
Larry from the Tackle Trading Clubhouse asked a question about how to calculate ROI on a Covered Call. Coach Tim answers it.
Trading Justice Episode 326: The Iron Condor Strategy
In this episode of the Trading Justice Podcast, we discuss the Iron Condor Strategy, which is a limited risk, limited reward, neutral, cash flow options strategy designed to have a high probability of profit when the underlying is range-bound within a certain price level. Matt and Noah discuss the philosophy, construction, and rules behind this powerful trading strategy. Listen to the episode on the player below.
Financial freedom is a journey
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Originally published at https://tackletrading.com on June 19, 2019.
