What to do when your profit target isn’t hit

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5th month into my $10,000 month mission – 

and I’m ITCHING to put on more trades!!!

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I had some business meetings in Dallas for a few days last week.  Instead of trying to guess where the market was going and having to worry about managing positions, I simply went to cash and was able to focus on what I was in town for.

When I returned home on Friday, I was cashed up and ready to return to work and trade the market.

I wanted to be cautious, though.  Fridays are historically a very tough day for me to trade as there can be very large moves in either direction.

This is mainly due to the fact that there are always an enormous amount of options contracts expiring on Friday each week, especially on the 3rd Friday of each month – that is when the “monthlies” expire, and it adds even more volatility to the mix.

When I start the day, I always want to enter with at least a good guess on which way the markets are likely to trend that day.  Are we in a bullish or bearish trend on the hourly and daily charts?

If things are “bullish,” I don’t want to try and fight that by shorting stocks. I want to look for spots to “buy the dip,” and that is precisely what I saw on Friday last week.

When I expect the market to have support and trend higher, I want to use 0DTE options, which give me a lot of short-term leverage to target very precise moves.

I also want to go after what is the strongest ETF or index. Lately, that has been QQQ, so that is what I was focusing on and looking for an opportunity to make a trade.

My first opportunity came pretty quickly as I saw QQQ dip over $2 from the pre-market highs.  

Now, the problem with trying to “buy the dip” is that you never know if there is going to be another, bigger dip right after you buy.

On this morning, I waited for QQQ to test the morning lows a couple of times, and then I set up my first trade of the day.

I already discussed with Alpha Hunter members what my plan was in the morning email, and then I followed up with app alerts as I was ready to make my moves.

This chart below is a good visualization of what I was seeing in the market along with the app alerts to document my trade…

With my type of day trading, I could be in a trade for a matter of minutes – or even hours – as I wait for things to play out either in my favor for a profit, or my stop loss is hit.

In this case, the trade nearly reached my profit trigger a couple of times, and then stalled.  Instead of being stubborn and staying in the trade because I “had to be right,” I lowered my sell order and took a lower profit than I wanted.

While I was aiming for $1500, I “settled” for an $800 profit.

The key here is that I took a profit.

When it comes to trading, I don’t care how big the profit is, I just want to make sure I grab it when I have it and not risk seeing a profitable trade roll into a loss for me.

The second opportunity I saw was over an hour later when QQQ started to consolidate above the VWAP line.

This is another great pattern I look for, so once again, I sent out the app alerts to my members telling them what I saw and what my plan was…

Once again, the trade went in my favor. This time, it hit my target perfectly, and my profit trigger closed out the trade.

The trade took a little under an hour from start to finish, and I made 45% or $1800 in profits.

Those two trades were plenty of money to pay for the trip I just had and also for a pretty fun weekend with the family.

At this point, I was already past my daily profit goal, so instead of trying to force another trade, I decided to catch up on work and leave the market alone.

The big thing I want to emphasize today is patience.

I was patient, waiting for the right trades to present themselves, and then didn’t hesitate to jump on the opportunity when I saw it.

You have the chance to join me for daily trading insights and see my actual daily trades as I am making them.

This is unprecedented access to a guy who has been doing this for over 20 years and will teach you everything he knows about options trading and reading the markets.

We have just 29 seats left in Alpha Hunter right now at a discounted price – and a new trading guarantee (not available with other offers for Alpha Hunter!).  

This is the first (and probably the only time) I will offer this promise.

I want you to learn what I have developed over my trading career.  I truly think that if you apply the discipline, trading lessons and learn from the real-life trades I will send you, then 2024 can be the best trading year of your life. 

There is no other way to say it – if you miss out on this, it is purely your own fault.

Make the move today to put the power of options trading in your favor.

Join the Alpha Hunter family today!

P.S. If you want a link to my online trading journal and see all of the Alpha Hunter trades, just contact Jeff Brown @ 800-585-4488 or email [email protected]. He can also answer any questions, help with payment plans, or assist with applying any existing credits you may have on your account.

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