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

I collected $1,010 premium this morning 3/11/24 by selling put on LULU with 3/22/24 expiration. Why: 1). @Eric Seto had posted that indicating he Forecast earning will be positive (earning call is around the corner 3/26/24) 2). $425 is below 11/27/23, support level of $427.73. Market is at $459ish. WOW already achieved the goal. Thanks Eric!

Friends, Today is a good time to sell MSTR bull put spread for next week expiry. There is a good market pullback today and we will be selling 25% OTM from here making it a very high probable trade. I sold today some. Just letting you know so that you can look for these situations. - Market pullback on Thu or Fri or Wed - If it's Thu or Fri go the full size and sell - If it's Wed pullback then sell half size and wait for more pullback on Wed or Fri - Sell 25% OTM short put and buy long put so that it's reasonable for your margin requirement - Very Important: Buy only so many contracts that if assigned (on the short puts) you don't mind holding

This post is for people who have more than $20,000 to invest. This is how you can get Investing Accelerator for "free" and Get the market to pay for it for you. So here's how you can get the investing strategy to pay for the tuition of the program from the second month onwards. Secret: You start with the monthly passive income strategy first. 1. You hop on a call with me (or Michael) to see if you are a good fit. If you are, you will get to choose a 12 month payment plan for Investing Accelerator. Link to schedule a call: https://bit.ly/3WitxVE 2. This allows you to start investing and generating monthly passive income starting from month #2. 3. You go through the 7-week video training. It takes around 4 hours a week. If you got time, you can go through it faster. 4. You start with the monthly passive income strategy. You set up your account with your favorite broker. My favourite is Interactive Broker (IBKR). 5. You fill out a form to get the highest option level (required for monthly passive income) 6. I publish my monthly passive income trades monthly. At the end of 7 weeks, you copy 2 of the trades each month. Placing the trade should take you around 15-30 mins each month. 7. With $20,000 * 3% = $600 per month, this will pay for the tuition cost each month with money left over. Since this is a short-term strategy, you can deduct the tuition expense against your trading income. 8. By the end of 12 months, the market would have paid the entire Investing Accelerator tuition with $1,000 extra left over or more. It's that simple. If you plan to join Investing Accelerator, I expect you to just follow 1-2 of my trades each month for monthly passive income and let the market pay the tuition.​​ Cheers, Eric Seto, CPA ------------- Investing Accelerator is designed for people without a financial background. We focus on developing financial independence, where you have the ability to invest to earn a higher return. The goal is to achieve 30% return 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.