Not Too Late! I’m Buying NVDA Stock and these After Earnings

Summary

In this video, the host expresses pride in his community's success with a recent stock option play, highlighting a member's $7,700 profit. He emphasizes the importance of risk management, explaining how to calculate stop losses to limit potential losses while aiming for significant gains. The host also clarifies misconceptions about break-even points and encourages viewers to take profits when the market moves in their favor. He shares his trading philosophy, focusing on consistent profits and the goal of financial independence. The video concludes with a teaser for upcoming stock picks and a reminder to like, subscribe, and follow on Instagram for more insights.

Takeaways

• 😀 The speaker expresses pride in the community's success with a recent trading play, highlighting the positive outcomes of both buying and selling strategies.
• 📈 The video emphasizes the importance of recognizing and acting on profit opportunities, rather than holding onto trades for an extended period without reason.
• 💰 A specific example is shared where a community member made $7,700 by trading 76 contracts, underscoring the potential for significant returns with increased confidence and experience.
• 📊 The speaker clarifies a common misconception about risking large amounts of capital to make smaller profits, explaining the strategy of risking a small amount to gain a larger return.
• 🔢 The concept of 'break even' is explained, noting that it's a threshold for recovery if a trade is initially unprofitable, not a target for profit-taking.
• 🚀 The video motivates viewers to aim for daily profit goals, starting small and gradually increasing their targets as they gain experience and confidence.
• 📉 The speaker advises against the trap of overstaying a profitable position, encouraging viewers to take profits when satisfied rather than waiting for an arbitrary target or expiration.
• 💬 A community-driven approach is encouraged, with the speaker celebrating wins and providing guidance, as well as inviting viewers to follow on Instagram for more insights.
• 📆 The speaker mentions specific stocks to watch for the upcoming week, indicating a proactive approach to market analysis and trading opportunities.
• 🎯 The video concludes with a call to action for viewers to engage with the content, subscribe to the channel, and utilize provided resources to enhance their trading journey.

Q & A

What was the main topic of the YouTube video?

The main topic of the YouTube video was discussing the outcomes of a recent stock trading play involving a call option on the stock SPY, and highlighting the success of viewers who made profits from the play.

How did the viewers make money from the SPY play?

Viewers made money by purchasing call options on the stock SPY and selling them for a profit when the stock price increased, as indicated by the levels provided by the YouTuber.

What was the significance of the number 76 mentioned in the video?

The number 76 referred to the number of contracts that a viewer, Mary Sheridan, traded in the SPY play, which contributed to her making a profit of $7,700.

Why did Mary Sheridan sell her contracts early according to the video?

Mary Sheridan sold her contracts early because she was afraid to hold them for too long, indicating a cautious approach to her trading strategy.

What is the concept of 'risking 1,000 to make 10,000' mentioned in the video?

This concept refers to the strategy of risking a small amount of money to potentially make a much larger profit, exemplified by risking $1,000 to make $10,000 in the video.

What does the term 'stop loss' mean in the context of the video?

In the context of the video, 'stop loss' refers to a predetermined price at which a trader will sell their position to limit their loss, ensuring that potential losses stay small while allowing for larger profits.

What is the difference between 'break even' and making a profit in trading as explained in the video?

In trading, 'break even' is the point where the trader neither makes a profit nor a loss, typically used when a trade is not performing well and the trader wants to recover their initial investment by expiration. Making a profit is when the trader sells their position for more than they bought it for, which can happen at any point during a trade, not necessarily at the break-even point.

What advice does the YouTuber give about holding onto trades?

The YouTuber advises not to overstay one's welcome in a trade, meaning to take profits when the trade is going in your favor rather than holding onto it until an arbitrary expiration date or target price.

What are the stocks that the YouTuber says will be on their radar for the next week?

The stocks that the YouTuber mentions will be on their radar for the next week are SPY, Nvidia, and Tesla.

What is the ultimate goal the YouTuber mentions for their viewers in terms of trading?

The ultimate goal the YouTuber mentions for their viewers is to achieve financial independence or 'getting off the corporate plantation' through successful trading.