With tax day past, many of you are likely wondering what to do with your refund check. This is a great time to look at options leverage and the power of the trend! Join Keith Harwood, Chief Options Strategist at Option Hotline, as he explains the way he leverages trends with options so you can learn how the professionals take advantage of market movement.
Can't make the webinar, but want to learn more about Keith and his products? LEARN MORE
With Bitcoin booming, keep an eye on mining stocks, we said just last month.
That’s because as Bitcoin pushes higher, the miners typically follow. In fact, with Bitcoin now back above $30,000, it came as no surprise that mining stocks, like Marathon Digital, Riot Platforms, or HIVE Blockchain are perking up.
All as investors eye the end of interest rate hikes from the Federal Reserve.
Now that bitcoin has touched $30,000, a move into the mid- to high-30s will be “likely” if it pushes through with conviction and would “force short speculators to cover and buy instead,” said James Lavish, managing partner at the Bitcoin Opportunity Fund, as quoted by CNBC. “Some investors are trying to get positioned ahead of that.”
Should the Fed pause with interest rates, Bitcoin could take off again – which would be great news for Bitcoin mining stocks and ETFs, such as:
Marathon Digital (MARA)
MARA is on the move with Bitcoin now above $30,000 and running. If BTC can push even higher, MARA will follow. That’s because its revenue depends on the direction of Bitcoin. Where Bitcoin travels, mining stocks like MARA are sure to follow. Now, if MARA can break above resistance around $10, it could potentially run back to $16 a share.
Better, the company just increased its Bitcoin production 21% in March – producing 825 BTC for the month. For all of Q1 2023, it produced 2,195 BTC. MARA also increased its hash rate by 64% in Q1 2023 to 11.5 EH/s as of March 31.
Let’s look at how an options trader decides which of the many different strategies to use. The most important element in trading options is your ‘outlook’ on the particular market you’re about to trade. If your outlook is ‘bullish’, then you’ll need to create a bullish strategy. If it’s ‘bearish’, you’ll need to create a bearish strategy. And of course, if your outlook is ‘neutral’, it’s possible to create an options strategy that will profit if the market remains neutral. If you haven’t got a clue as to the direction of a market, don’t trade.
There are many possibilities, here are just a few:
In addition to the above, we could add…
If you are expecting a big move but you’re not exactly sure if the move will be up or down, then buy straddles, strangles or combinations.
Elite Wall Street trader, Joe Duffy, is allowing a limited group of future-elite investors into his masterful daily trades at thousands of dollars less than what others charge.
When you join today for $1, the first month you'll receive:
Joe Duffy’s daily video newsletter with updates on what's happening in the markets that very day. Rather than watch talking heads for hours on cable, I'll get you up to speed in minutes.
You get weekend updates where I delve more into 'bigger picture' looks at the marketplace. Videos are illustrative, instructive, concise, and un-hedged. No double talk here.
PLEASE READ: Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC’s website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. You should always consult with your own professional advisers regarding equities and options on equities trading.
1) The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the “Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by TradeWins Publishing (“TradeWins”) a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. The Services are intended to supplement your own research and analysis.
2) TradeWins’ Services are not a solicitation or offer to buy or sell any financial products, and the Services are not intended to provide money management advice or services.
3) Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, TradeWins does not make any guarantee or other promise as to any results that may be obtained from using the Services. No person subscribing for the Services (“Subscriber”) should make any investment decision without first consulting his or her own personal financial adviser, broker or consultant. TradeWins disclaims any and all liability in the event anything contained in the Services proves to be inaccurate, incomplete or unreliable, or results in any investment or other loss by a Subscriber.
4) You should trade or invest only “risk capital” – money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more.
5) All investments carry risk and all trading decisions made by a person remain the responsibility of that person. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses. Subscribers should fully understand all risks associated with any kind of trading or investing before engaging in such activities.
6) Some profit examples are based on hypothetical or simulated trading. This means the trades are not actual trades and instead are hypothetical trades based on real market prices at the time the recommendation is disseminated. No actual money is invested, nor are any trades executed. Hypothetical or simulated performance is not necessarily indicative of future results. Hypothetical performance results have many inherent limitations, some of which are described below. Also, the hypothetical results do not include the costs of subscriptions, commissions, or other fees. Because the trades underlying these examples have not actually been executed, the results may understate or overstate the impact of certain market factors, such as lack of liquidity. Simulated trading services in general are also designed with the benefit of hindsight, which may not be relevant to actual trading. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. TradeWins makes no representations or warranties that any account will or is likely to achieve profits similar to those shown.
7) No representation is being made that you will achieve profits or the same results as any person providing testimonial. No representation is being made that any person providing a testimonial is likely to continue to experience profitable trading after the date on which the testimonial was provided, and in fact the person providing the testimonial may have experienced losses.
8) The author experiences are not typical. The author is an experienced investor and your results will vary depending on risk tolerance, amount of risk capital utilized, size of trading position and other factors. Certain Subscribers may modify the author methods, or modify or ignore the rules or risk parameters, and any such actions are taken entirely at the Subscriber’s own election and for the Subscriber’s own risk.
If you wish to stop receiving our emails or change your subscription options, please Manage Your Subscription TradeWins Publishing, 528 North Country Rd., St. James, NY 11780
0 Response to "Three Top Ways to Trade the Bitcoin Recovery"
Post a Comment