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| | Create An Endless Income Stream… | | |
I've traded dozens of successful trading systems over the past few years…
But trust me when I say that this is completely different -- in a good way.
It's perfect for the average trader that wants to create an endless income stream and compound it like clockwork.
And it could quickly help you collect a steady second income with little effort.
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Lance Ippolito, Editor - Future of Wealth
Lance is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. | | |
| | 2 Fast-Growing Robinhood Stocks Investors Are Buying
If there's one thing COVID-19 has taught me, it's that you'll always have the free time to play a game in boredom.
And that's what I've been doing with all of my old, recent and long-term trades — reviewing all of them and neatly placing them into three categories: Bang, Buy and Bust.
By doing this I discovered one stock that I've been banging off-and-on for a couple of years now. It loves to soar for short amounts of time during spouts of rapid growth, and I've made a year's worth of income trading just this stock.
I also found the one stock I plan on buying and holding forever — especially since no one thought this company would thrive during a pandemic and could become the next major SPAC... And one stock that isn't worth anyone's investment… even if it was a Sweet Spot Stock at one point... | | | | Get all 3 names here |
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 | The Robinhood Stock You Should Avoid at All Cost October 23, 2020 Traders, I've decided to start a new segment where I cover the dirty dogs of Robinhood that you need to stay the heck away from. And today I'm seeing major warning signals from Draftkings Inc (Nasdaq: DKNG).
Now to be fair, even I joined the bandwagon of this fantasy sports betting operator. If you've been a member of my Sweet Spots Stocks program since the beginning, then you know this stock was also our very first trade.
Recently the stock went from under $20 to all the way up to trading at $35 per share — and this is where I got out. (Though it ended up climbing to $64. In both sports and trading, hindsight is 20/20.) But after the run-up, DraftKings fell back down to $50 a share, and that's when we saw all the Robinhood traders start piling into the trade.
As soon as the pile-on began, everyone started getting their butts handed to them. Days later, the stock went down even further — selling at less than $43 a share — and there is no more bullish view in sight.
CEOs and insiders are dumping shares, and I think I know exactly why: Sports have become boring and somewhat trivial, especially when we can't even leave our houses to watch our favorite games live.
And if things keep playing out like they are currently with this stock, then I think we may have another Nikola Corporation (Nasdaq: NKLA) on our hands…
| |  | How Robinhood Has Changed Options Trading October 24, 2020 Traders, as I'm sure you're aware, we've entered a new world in which novice traders are gaming the stock market. New investors have flooded trading platforms like Robinhood, betting on stock picks without commission fees. Robinhood memberships increased by more than 30% in the first quarter of this year alone.
Some compare this new style of trading to gambling, where people take on risky investments in the hopes of short-term, home-run returns. Those same traders are now taking it a step further by betting on the options market.
The veracity and volume of the order flow stemming from these trades could be mistaken for a single large institutional trade. But this is not "smart" money. These are tactical plays developed to move the needle in certain companies to make a quick profit.
Watch today's interview I had with Midas Letter Head Trader James West to find out what to look out for in this new options market so you don't get caught up or misled by this peculiar option flow.
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