What WAS textbook about this week in my top trading service 📚

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Hey Folks!

Jeff Bishop here. Hope you were able to join JW last night for a lesson in options basics. Had a lot of seasoned traders show up as well, never too old to reinforce the fundamentals!

Many people asked for a replay page so we will work on getting that out to you this weekend - stay tuned.

If you’ve been tuning in to the Market Master’s Room lately, hopefully you’ve been learning a thing or two!

And if you are new to trading — and options trading in particular— I always say it is a TIE between me and JW about where to start.

JW teaches how to trade straight calls or puts every day on the SAME stock — the SPY — in Market Navigator.

Whereas in Bullseye Trades, I focus on my SINGLE best options trade plan every Monday right ahead of Market open.

If you were in there last week, you saw my trade plan to buy calls on CVNA.

It looked like this:

Trade Plan Details:

• CVNA June 21 $120 calls near $1.80

• Stop: Close CVNA below $105

• Target 1: $115

• Target 2: $125

And was delivered to well over 10,000 lucky Bullseye member inboxes promptly before the stock market even opened.

A few minutes later I was lucky enough to get into the trade for even a lower price than I was hoping, and sent this alert out to my members:

This is a textbook week for Bullseye because the stock didn’t zoom up out of the gate, but had a nice opening dip so I could get my trade on.

What is not textbook as far as I know is JW himself jumping in on my trade (as he’s usually laser-focused on the SPY action).

But even JW couldn’t resist CVNA!

After getting in the trade, usually it takes some time for the Pick of the Week to hit my desired exit target.

However, this week CVNA zoomed up after I got in (and many members including JW) so I took some quick profits off the table – my rule of thumb is to take about half my position off when I get a fast 30-50% move.

Don’t want to be too greedy!

This was ALSO alerted to members so you can see how I trade.

Every Monday I hold my LIVE 11AM session to go over my thoughts on the market as well as the Trade of the Week and why I settled on it as my pick.

I try to answer as many questions as I can to help you learn as much as you can along the way!

All these sessions are recorded and put on the Dash for anytime viewing.

So if you’re new to the Market Master’s Room, or to Bullseye Trades… hopefully you’ve got a clearer picture.

So now I have a question for you…

If you aren’t in Bullseye Trades… why not?

This is a ridiculous amount of value for the money. 

I should be charging people 50x more than this to be a part of this program (which I MAY start doing soon), but my goal is make this accessible to everyone.

This is a great way to learn the basics of option trading. And guess what? Members can always just buy the stock; no options knowledge is necessary.

In fact, a decent chunk of my gains came from trading CVNA stock, not all from the options.

But regardless, I always recommend paper trading Bullseye Trades until you get the feel for how my service works (a lot of days these picks move quickly!).  Here’s a great option:

Learn to Set Up a “Paper Trading” Account for Options at Schwab 

So give Bullseye a try and throw your own hat in the ring along with JW and a good portion of the Market Master’s Room!

Join here before you miss another Pick of the Week!

See ya on Monday,

Jeff Bishop

*together with Hubspot

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