$AFRM – from “hot” to “hotter” UPDATE

AFRM from hot to chop to hot again…

(CLICK ON TWEET TO SEE FULL CHART)

1/14/2021

AFRM had its debut in trading yesterday.

As per the Buying IPOs For Dummies strategy the high of its IPO day at 103 was the trigger to buy the stock. It triggered on the today’s open. In day trading on a pullback, there was a intra-day buy at 107.80. That is the day-trade entry and could be the long-term entry for investors if one is a holder instead in a trader.

The stock has been as high as 139.98 today.

The stop as of this writing, is either at breakeven for the day trade or on a break of 103 long term as per the IPO strategy.

(CLICK ON TWEET TO BRING UP VIEW OF THE CHART)

Simple Trades In Options – a 44% day trade

Published this today on Medium.com as an introduction on that platform.

Welcome to The God of Trading.

Here and on Twitter, the use of the title “The God of Trading” is a homage to he who rewards persistence, discipline, experience, and absolutely nothing else trading the financial markets.

The intent is to journal day trading and swing trading signals that can but used by anyone market timing to make trading and investing as effectively simple as simple can be, and to keep a record of involvement in the stock and options markets.

All content is presented as entertainment, not investment advice. If this is a guide so be it, but all traders and investors must use their own due diligence and market knowledge to make their own trades.

That having been said below is chart of a SPY Options day trade today (1/13/21) based on this strategy published here:

THE DAY-TRADING DAZZLE OF BUYING OPTIONS

SPY 378 Call, expiring today. Finished up 44%, $448 on a $1K trade (7 contracts). The actual trade topped out at more than 100% intraday before finishing with the 44% gain on the close.

The signal for the call, which is color-coded on the chart, is based on SPY, not on the option itself.

(CLICK ON THE CHART FOR A SEPARATE VIEW)