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Challenge

How $500 Can Make Your Rich With These 5 Simple Elements!

April 14, 2020 by OptionsAndTraders

Ken here,

This is day 1 of the COVID-19 $500 to $10,000 trading challenge.

I picked up two $41.5 Calls with the expiration date of 4/24/20 on CSCO for $102 each! That is an entry of $204.

This is what the chart looked like.

Source: thinkorswim

I used 5 elements to enter this trade:

  1. Gravitational theory
  2. Trend Pattern Squeeze
  3. Support and Resistance
  4. RSI
  5. MACD

If you have been keeping up with the other articles, you should know what each of these elements are.

This is the update for Day 2. I sold CSCO on a POP!!

Look at the chart.

Source: thinkorswim

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Disclaimer:

I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.

– Ken

Filed Under: $500 Challenge, CSCO, Trade Tagged With: 500dollar, Challenge, elements, rich

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