Friday Before Christmas

I have been a BEAR for a while now... Expecting the downfall that we are currently experiancing I have been holding PUT options throughout this week and LAST... It has paid off well!!!

I sold ALL of my short term Put options Yesterday around 12:30pm and tool all profits......

I waited to see what today was going to bring.....

$SPY at 6:30am Friday 12/23/22

As you can see $SPDR S&P 500 ETF(SPY.US)$ bounced off the $374.77 Support yesterday and is currently testing the Light resistance at $381.70 point.....

The Futures are all Positive this morning in the PRE-Market... That Does NOT necessarily mean they will be all day but I am leaning towards a green day (for the overall market) rathwer then a Red....

MarketWatch.com Index Futures 12/23/2022 6:30am

I am personally looking to Enter some call Options today (expire on Dec. 30th 2022) to hold into Tuesday Opening.... My thesis (if confirmed today during regular hours) is that there will be a green rally day on open tuesday and possibly the day after that before we start to continue our downward trend.....

This is just my Opinion and I very well can/may be wrong...

Trading is not necessarily about "Guessing" and being right about a directiion of a stock/equity play, Its WAY MORE about being prepared to make money no matter what directrion it decides to go...

One lesson that has been helping me A LOT lately is relying on Volatility to help boost profits and cut losses. With the way the market has been i have found that even If I find myself on the wrong end of a play, waiting to exit untill it makes a volatile jump in the price action during intraday Trade....

PATIENCE! it makes a WORLD of Difference!!

Call Options I am Considering to open today: These are all onmly possibilities and some may end up being Puts rather than Calls.

1) $NIO Inc(NIO.US)$

2) $XPeng(XPEV.US)$

3) $Bilibili(BILI.US)$

4) $Lucid Group(LCID.US)$

5) $Plug Power(PLUG.US)$

6) $UiPath(PATH.US)$

7) $Intel(INTC.US)$

8) $Paramount Global-B(PARA.US)$

9) $Affirm Holdings(AFRM.US)$

10) $Upstart(UPST.US)$

Although I do believe that we have up to another 15% downward motion in the Indicies before they bottom I am still currently beginning to buy LONG term stocks and start to build that aspect of my portfolio again. I am focused on small cap stocks that have strong businesses and are likely depressed due to the headwinds and not necessarily its Fundamentals,.,.,.. I think there IS HUGE OPPERTUNITY in buying long term right now and especially with a small cap preference.

Stocks I just bought to hold long term (5 years or more):

$Lucid Group(LCID.US)$ $Innoviz Technologies(INVZ.US)$ $AppTech Payments(APCX.US)$ $Coinbase(COIN.US)$

I wish all of you the best and I hope that this may have helped someone out there.... Thank you for reading and your time!!!

--BIZ--

@Alvinnnnnnn89 @AmyNic @BearHunter @Biff @bambinoPR @bullrider_21 @Dons hobby @easygoing Lyon @GWSCOGAL @Jesus is lord @Mafiosa818 @Qui Vivra Verra @Rivera @70517269 @SpyderCall @xALLSTATEx

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ColoradoInvestor : Just wait til $Affirm Holdings (AFRM.US)$ begins to post profits. They have made all the relationships even tho it cost them now but it will pay off. They have a sharp CEO. Bargain!

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The BIZ

I love the market and everything about it. HARD WORK AND DISCIPLINE! follow me on Twitter @BismarkBradlee

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