Friends, I want to share my learnings on how to enter into high probability trades based on technical analysis and trade selection criteria. This is what I personally try to follow myself. Stock Selection: From the top 30 SPY stocks (based on market capital), set a filter to identify stocks that are: a) oversold on RSI: Which means their RSI is below 30 (you can choose below 35 to get more) b) MACD Bullish Crossover: The MACD indicator of the stock is showing a bullish crossover (MACD line crosses the signal line). Showing a reversal c) Stock's business and fundamentals are still intact d) There is a strong accumulation of the stock (i.e., even though stock is falling it is being accumulated or bought more) Trade Entry: When all the above filters are met you can make any of the below trades a) Sell a 365DTE put on the stock at 50 delta setting a 25% profit target (my favorite and has 90%+ chance of success) b) Sell a 30-45DTE put at 30 delta with a 50% profit target c) Sell a 30-45DTE put spread with the short leg at 16 delta and long leg 5 or 10 points below. 50% profit target

As we are going through this week with various central bank interest rate decisions, the market will most likely be cautious and bearish ​Canada - most likely will hold its interest rate constant US - most likely will have an interest rate cut Japan - people are expecting that Japan cannot hold its interest rate and will have to increase its interest rate (this is the key concern which may already be priced into the market)​​​​​​ This is why you need to learn how to LONG (buy) and also SHORT (hedge) the market in case the market is going down this week. ​​Here's the Christmas sale to join Investing Accelerator, where you get an interest-free instalment over 12 months & 33% discount off the regular price: https://5mininvesting.thrivecart.com/boxing-day/ Cheers, Eric --- Eric Seto Chartered Professional Accountant (CPA) Chartered Investment Manager (CIM) Founder of 5MinInvesting.com In December, my goal is to help 10 people without a financial background to master investing through Investing Accelerator. Investing Accelerator is designed for people without a financial background. The goal is to achieve 30% return per year. In the first phase, you will learn long term investing and targeting 30% for tax free compound growth. This will help accelerate your overall wealth. In the second phase, you will learn monthly passive income to provide a more predictable cash flow (target 30% per year) which can cover your expenses. This will help accelerate your retirement goals. Here's a step by step guide on how to join Investing Accelerator for free: https://www.skool.com/invest-retire-community-1699/how-to-join-investing-accelerator-for-free If you are interested, then let's hop on a call to see if you can benefit from the strategies in Investing Accelerator and get target 30% per year.

Hello Friends, Today I want to reflect on my journey from a FAANG engineer to options trader. I am still working and not retired yet but have been an engineer all my life (been at a FAANG company, won't get into the specific company for privacy). I have been long term investor but never really looked beyond buy and hold of ETFs. I dabbled in options (buying calls etc) earlier but it was a mixed bag. My journey started when I came across Eric's video on Youtube on how to make 30% per year and joined this community. I have been voraciously researching about options trading, backtesting strategies, finding growing success day by day. While my long term portfolio is playing how the market plays (it was down in November as QQQ was down), my options trading has been quite lucrative. I started in July and so far I had no losing month. Each month I'm getting better and better. My goal is to consistently make income every month so that I can eventually retire. Hope we all will be able to achieve our goals. Wish you all success on your chosen path. Happy to be part of this wonderful community.