Happy Sunday! I wanted to pass this note along from Steve because I think it really helps explain why Breakout Multiplier is all that everyone is talking about. The success from this strategy is like nothing I've ever seen before. And subscribers are telling us the same thing. This week members of Breakout Multiplier had a 25x return in Soundhound $SOUN. While this might seem like a huge profit, it's pretty normal and exactly why the Breakout Multiplier System was created in the first place. You can access all the Breakout Multiplier trades here RISK FREE. |
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| Editor's Note: As part of your Breakout Multiplier Membership, you'll receive regular updates on open positions and new trades as well as fresh analysis. Note that all trade ideas can be found on RANGEFINDER and in the Breakout Multiplier Archive. |
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Happy Friday, folks.
It was another wild week in the market. Let's wrap it up with some portfolio maintenance and general thoughts about how we made out.
First, congrats to everyone who hit big with SoundHound.
These outlier trades are actually common with our system. And we need them because they pay for all the zeros.
If you let it ride, and you are up 25x today, fantastic.
If you didn't. Pay attention and learn from this. It is so important to let our winners run. This is why we sell the double so religiously. It puts our minds at ease, and with the comfort of knowing we can't lose, we are more likely to let positions go.
In the case of SOUN, the calls were cheap, so we could own more than just 2 contracts. Larger position sizes like this make our job easier. Use it to your advantage and scale out on strength in situations like this.
If we can consistently sell doubles, we should be able to hit big trades like this often. Especially in rally phases like the one we are in now.
With a roughly 50% double rate this year, we're accomplishing this.
Another thing to keep in mind with SOUN is that the first calls we bought did not work. When they were nearing expiry, we still loved the setup, so we simply bought more calls further out. Thank god we did. We're going to do more of this in the future.
I'm more concerned with what our next big winner will be. And I think Sea Limited is a good candidate.
With our $SE 12/20 $120 calls slightly out-of-the-money with expiration two weeks away, I'm rolling this position. The stock is coiling in a high and tight flag following a massive base breakout and breakaway gap on last month's earnings report.
I think a big leg up is coming. I'm selling my calls for about $2 today and buying the Click Here for Trade Details.
Some situations we are watching for next week are adding to our silver exposure, buying the South Korea selloff with CPNG calls, and buying this potential hook in Sphere Entertainment.
I'm also a big fan of the coil in HIMS, looking pretty at new ATHs. I tried to get into the Click Here for Trade Details today, but didn't get the fill.
I'm also thinking about adding puts to the mix for the first time and fading these epic, yet parabolic rallies in the major airlines. I put some starter shorts on Click Here for Trade Details today. We'll follow up on these on Monday and maybe put on some Breakout Multiplier style trades.
I also doubled down on our Click Here for Trade Details today. I bought more of the 1/17 $35 calls for $1.
As for Square, it definitely ran away. We're not chasing speculative growth here. We're going to continue to let the setups come to us. If this area of the market keeps pumping higher next week, we are positioned well for some big wins from Unity, Lovesac, and ASTS.
The positions we recently put on in China are roughly unchanged. We think we'll get some doubles from these soon. TME looks the best for now.
Here's an updated Breakout Multiplier Trade Tracker (click to enlarge): |
JC Here. This note above is a sample of what members of Breakout Multiplier receive throughout the week. Membership includes complete access to every trade, best entry and targets. You will also receive updates like this one above whenever changes are being made to the portfolio. Also, once per week, Steve gets together in a LIVE strategy session to discuss ongoing trades, new trades, potential trades on the radar, and answer any questions you may have about the market, the system, or a trade in the portfolio. This is the most successful system we have ever launched, and quite frankly that I have ever seen in my life. Get access to all the Breakout Multiplier trades here RISK FREE. I'll see you in there! - JC |
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