This is how to double your money trading options. In this video, I review my trades from last week, including one that I doubled my money on in just 3 days, and I also let you know what I plan on trading this week. I also perform technical analysis on the stock market and make a prediction where the markets will go this week. And I also let you know about some important stock market news that will be coming out on Wednesday.
Hi guys it’s stock curry and in today’s video i’m going to give you all the market news that you need to know for monday we’re also going to do some technical analysis to determine where the markets might go this week and i’m going to show you how i doubled my money last week so let’s get into it there’s only one major market news that you need to know this week
And that is the fact that on wednesday the fed is releasing their meeting minutes from the march meeting now you might recall how back in january when the meeting minutes got released from the december meeting that is what caused the complete 180 in the market and what actually triggered us to go into this bear market so now the march meeting minutes are getting
Released on wednesday of this week so everybody’s going to be looking at those to try to determine just how many rate hikes the fed might do whether or not they might front load one of those rate hikes and do perhaps a half percent or maybe even a one percent rate hike in some future meeting we’re also really going to be looking to try to determine if the fed
Is going to start unloading their balance sheet meaning they’re going to start selling some of their bonds now if the fed does sell bonds what that does is that will actually start raising the yields on those bonds now these aren’t the treasury notes these are typically mortgage bonds so if the fed starts to sell off their bond assets that’s going to cause the
Yields on mortgage bonds to rise and what that’s going to do is that’s ultimately going to raise the interest rates of the mortgages now as mortgage interest rates rise up that will lower the demand on housing it will bring housing prices down and that should help start to slow down the inflation that we’ve been seeing especially in areas of things such as lumber
And perhaps even rental rates so keep your eyes out on wednesday because these meeting minutes could cause a significant shift in the direction of the markets now before i get into the specific stocks that i want to talk about i want to look at some other news that’s going to have a significant impact on pretty much everybody when i was growing up the official
Retirement age for social security was 65 then reagan increased it to 67 and now democrats are trying to increase it to 72 and eventually 75. now the reason that they’re looking at doing this is because the social security fund is going to be depleted by the year 2034. now the reality is there is no actual fund what is really happening behind the scenes is the
Government has a certain amount of money that comes in via taxes uh social security taxes and payroll taxes and other forms of taxes and then that money is used to pay the current benefits that are currently due what’s going to happen by the year 2034 in reality is that the amount of income coming in the amount of taxes coming into the government will not be enough
To pay out the benefits and so the government is looking at how can they fix this so that we don’t end up in a situation where there’s not enough taxes coming in to pay out the benefits now one way is they could simply raise taxes but another thing they could do which they’re seriously looking at is extending the retirement age now this is going to be a major problem
For a lot of people because when surveyed the average age that most people would like to retire at is 62. so how are you going to retire at 62 if you don’t get your social security benefits until the age of 75 well that’s a big problem and in reality it’s all going to come down to you how much can you personally save and have ready in your investment accounts for
Retirement well if you’re a millennial it’s not looking too good for you in fact most millennials are way behind when it comes to saving for retirement now ironically as i was reading through the story millennials are actually ahead of gen x so if we just group the millennials and gen x together since both are behind on retirement if you were born anywhere from
1965 to 1996 anywhere in that age range there’s a good chance that you and your generation are behind on saving for retirement so what are some things that you can do to kind of get yourself caught up well first of all you should be saving at least 10 percent of the money that you earn and putting that into some sort of retirement account now back in my age when
I was in college most companies offered 401ks with matching today that’s far less likely to be a benefit for the company that you’re working at now if you do have a 401k with matching certainly jump in there and get the match i mean that’s kind of a no-brainer it’s free money but if you don’t have matching or you know you just haven’t invested yet or whatever then
Definitely you’d want to have your own personal investment accounts uh at ira roth ira you know something like that i think in uk you have isas whatever it is you definitely want to have your own uh retirement account and preferably one that has some sort of tax benefits either tax free or tax deferred you want some sort of tax benefit account that way as you make
Money you’re not paying taxes on the money that you’re earning now the other thing is how do we get caught up how do we get more money into our investment accounts well one way of course is to increase your income uh doing extra side work maybe fiverr or up work or starting a little side hustle something like that another way is to buy a house believe it or not a
House is one of the best builders of wealth if you don’t already own a house i would seriously look into an fha where you only have to put three and a half percent down i started with a little condo that we paid like sixty thousand dollars for it was i don’t know how many it was less than a thousand square feet it was really tiny uh but it got me started on the
Path to building wealth and that’s definitely something that you want to do if you want to retire one day now the another thing that you can do is you can also start trading in stocks so go beyond just investing and actually trade if you want to day trade that’s one way you could do it another way is swing trading but trading is a great way to build up income as
Well the other thing about trading is it’s very risky you could lose all of your money very quickly so you do not want to use your retirement investments to trade you want to have a separate trading account that’s very small that you just use to try to get a little bit of extra income and then if you do grow the account and get income then you want to move that
Money into your investment accounts so those are all ways that you can kind of get caught up and get yourself ready for retirement because you can’t rely upon the government not in the united states now if you’re in europe it’s a different story but if you’re in the united states you cannot rely rely upon the government for your retirement you’ve got to do it
Yourself so make sure you are increasing your savings you have a minimum of 10 percent of your income going into a retirement investment account every single year now the question you might be asking yourself is well how much money can you actually make trading like don’t most day traders lose money well first of all if you’ve ever heard that statistic where most
Day traders lose money and different people quote it in different ways sometimes it’s 70 80 90 whatever just know that it’s all based upon a single study that was done almost 20 years ago back in the 90s and the study was done on futures traders so they looked at futures day traders and they determined that when it comes to futures day traders about 80 something
Percent of them lost money in the long run stock day trading is a completely different story in stock day trading most people if they know what they’re doing can actually make money how much money are we talking about here well on tuesday last week when the qq hit the 61.8 fibonacci retracement level i opened a qqq vertical put spread which would make money if
The nasdaq went down and i closed that on friday for a 100 profit i doubled my money in three days last week so that’s how much money you can make with trading on a short-term basis you can double your money in three days i have numerous other trades i’ve shown you guys over the past few weeks where we made you know 15 20 30 profits overnight it can be very very
Lucrative if you know what you’re doing now if you want to get in on these trades and you want to know what i’m buying what i’m selling there’s two ways you can do it one you can just follow me on twitter just go to twitter.comrealscottcurry i post everything i buy and sell there within minutes of making the trade now the only downside to twitter is first of all
You are getting the trades after they’ve already been played so you might be a little bit behind the game the second thing you’re missing out on is you don’t have the reasoning for the trades twitter is just it’s a really short format and i don’t have enough space to actually go in there and explain why i’m buying and selling all these things so if you want to know
What i’m buying and selling before the trades are placed so that you can get in on the trades with me and you want to know my reasons for buying and selling then you can join the vip discord in the vip discord i post all my trade alerts before the orders are filled in many cases before the order is even placed and i explain why i’m buying and when i plan on selling
If you’re interested in joining that so that you can get in on these trades and make a hundred percent profits yourself then you can join the vip discord at stock curry dot vip get vip that’s stock curry vip get vip okay so that’s what happened last week where do i see the markets going this week well last week i predicted that the markets would trade pretty much
Flat and that ended up being my most accurate prediction ever spy which is an s p 500 etf finished up just 23 cents or 0.05 percent for the week that’s literally about as close to flat as you could possibly get so what about this week what am i predicting well let’s go take a look at the charts now we’ll go ahead and use the kukuku which is a nasdaq 100 etf to
Do this analysis and i’m just using this one because this is the one that i’ve done the most analysis on as you can see by all these lines on this chart now what we had happened last week is on monday the candle rose above the 50 fibonacci retracement level and then it hit the 61.8 percent fibonacci retracement level and then came back down and closed at the 50
Fibonacci retracement level so this week we’re not going into the week moving in an upward direction we’re actually going into the week moving in a downward direction as indicated by three red candles in a row last week and i know it’s hard to see on here but on friday the candle actually dropped well below the 50 fibonacci retracement level so all of that points
To more downward pressure on the stock market this week so i would not be surprised to see the stock market go down on monday close below the 50 percent fibonacci retracement level and then continue going down however there is one big great unknown and that is what’s going to happen on wednesday when the fed meeting minutes come out that could change everything
If the fed meeting minutes come out and they say you know we are seeing signs of inflation slowing down which we are by the way and the fed says we may not even have to raise interest rates as much as we thought we might not even have to unload the balance sheet at all this year then we could definitely see the stock market skyrocket on wednesday on the flip side
If the fed meeting minutes come out and it looks like they’re getting more concerned about inflation and they might want to front load and do even more rate increases and they’re seriously talking about selling off their assets more heavily then we could see the stock market absolutely tank so wednesday is this great big unknown which makes predicting what’s going
To happen this week nearly impossible now i am going to predict that monday and tuesday well especially monday i think it’s going to be a red day tuesday maybe but somewhere in there a little bit red and then wednesday after who knows so i’m not going to play the actual indices this week i’m not going to do calls or puts on cucu or spy or anything like that i’ve
Had no plans to do that instead i’m looking at individual stocks so let’s talk about some of the individual stocks that i’m looking at playing this week now the first individual stock that i’m looking at playing this week is aapl this is apple now we actually already went ahead and opened up a bearish position on this on friday as you can see here in this tweet
The bearish position that i opened up will make a max profit if aapl closes at or below 172.50 on friday now i had two reasons for opening up this bearish position the first one is just the technicals aapl along with another stock that i’m going to talk about here in a second almost got back up to a new all-time high last week and that was just absolutely amazing
The stock market should not be getting to a new all-time high yet we still have a lot of things that are putting a lot of downward pressure on the stock market including inflation rising interest rates and war so i was really surprised to see aapl run up as much as it did especially with the pandemic resurging in china and the possibility that some of their plants
Are going to get shut down which is going to cause more supply chain issues for aapl those supply chain issues could eventually lead to a decrease in their supply which means they won’t be able to sell as many phones which in turn could cause their profits to go down at the next quarter in addition to all of that jp morgan dropped apple from its top picks meaning
They’re no longer recommending that their clients just go out and load up on aapl now jp morgan has done a lot more research than i have on apple and if they say that demand is going to slow down and they’re going to have lower profits in the future i believe them i believe that they’ve done the research and they know what they’re doing so if they think apple’s
Going to slow down in the future i see no reason why it should be trading at near an all-time high so all of that combined i felt like apple would run up too fast as you can see by these 11 green candles in a row and i felt like it needed a pullback it needs to have a breather before it continues higher now apple technically has a long history of bouncing off of
The 100-day ema so i think there’s a really strong chance that aapl could get down to the 100-day ema which closed friday at 164.71 before it continues higher and that’s why i sold this vertical call spread on friday that will make money just so long as apple closes at or below 172.50 on friday so that’s one now there’s another stock that i have not yet opened a
Bearish position on but i’m seriously thinking about doing so on monday and that is tsla or tesla like apple tesla has run up massively over the past few weeks it actually rose 43 in 11 days to me that was way too fast of a run-up and i think there’s going to be a pullback on tsla now part of the reason there could be a pullback is because their shanghai
Production facility is still shut down again with the pandemic happening in china this is going to hurt stocks that produce things in china such as tesla and apple so i think tsla is going to have a pretty significant pullback and i think it might even drop below a thousand dollars this week so based upon that i’m going to be looking to open a bearish position
On tsla again if you want to know everything i buy and sell you can either follow me on twitter where you get all of my trade alerts within minutes of the trades being filled or you can come join the vip discord where you will find out what i’m buying and selling before i place the orders so that you can jump in on the trades as well if you want to follow me on
Twitter it’s twitter.comrealscottcurry and if you want to join the vip discord it’s stock curry.vip get vip all right that’s what i’m looking at trading so far this week now there’s probably going to be more coming up as the week goes on so just stay subscribed to the youtube channel and i’ll let you know what those are as they come up now in addition to that i
Wanted to let you know some pretty cool news that just came out for new york residents if you’re in new york for a long time now you’ve been unable to trade cryptocurrencies and obviously this has been a major pain in your butt the good news is weeble has just opened up cryptocurrency training to new york residents and for everybody in addition to that they extended
Their five free stock promotion worth up to 9 600 so if you want to trade cryptos or if you want to get 5 free stocks worth up to 600 all you have to do is sign up using my link in the description below deposit at least one dollar and you will get five free stocks worth up to hundred 9600 in addition when you make your first crypto trade they’re gonna give you
Five dollars in free crypto and of course new york residents you’re now welcome to join now if you’re not a us resident or if you’re looking to trade out dc penny stocks then i recommend interactive brokers interactive brokers is a great trading platform they have highly discounted trading throughout the world trade started just one us dollar one canadian dollar
Four euros or six australian dollars depending upon where you live and both weeble and interactive brokers both are for the full pre-market and after hours training from 4am until 8pm eastern time now i do want to remind you that i have material connections with both of those so whenever you sign up for either one not only are you getting a great broker to trade
With you’re also helping me to continue to produce these great videos for you now finally i want to remind you to hit that like button subscribe and click the bell icon and click all so that you can get notified when i release my next video i hope you have a lot of success trading and i will see you tomorrow you
Transcribed from video
2X YOUR MONEY! How I DOUBLED MY MONEY Last Week + What Trades I'm Doing This Week – Mon, April 3, 22 By Stock Curry – We Profit Day and Night
