EliteOptionTrader

I'm Brando- Day trader for 15 years. 8 figures in profit day trading I'm here to share my knowledge and help traders. Link in bio for the discord

[EliteOptionTrader @Eliteoptionxr]

The world's most famous bear is calling for another selloff

$PLTR

is down nearly 40% from ATHs and Michael Burry still hasn't fully closed his short position, but the stock hasn't made a new low in 8 months After an almost 50% pullback from ATHs at 208 to 106,

$PLTR

[EliteOptionTrader @Eliteoptionxr]

Your friends and family don’t believe in you. They quote the failure rate. Tell you to “Stop gambling”. And say weird things like “Get a real job”. Don't be mad at them. They want the best for you. But they can’t see the vision. You gotta prove them wrong.

[EliteOptionTrader @Eliteoptionxr]

$MU

lost $350B in market cap in a week, then made half of it back in two days

$MU

is right outside of 1000, up almost 200 pts after a violent backtest of 800. Through 1000 and

$MU

can quickly retest ATHs, through ATHs and it'll gravitate towards 1500. 845 and 800 absolute

[EliteOptionTrader @Eliteoptionxr]

In 10 years you will be making your yearly salary in about 7 minutes. You will be so proud of yourself for marching through the fog. Don’t let yourself down. Keep trying.

[EliteOptionTrader @Eliteoptionxr]

Go from hobby trader to professional trader in 4 steps: 1. Journal every trade 2. Walk away after 2 bad trades 3. Wake up before the market every day 4. Review your worst trades more than your best ones

[EliteOptionTrader @Eliteoptionxr]

$MU

looks better today held 821 last week, now at 947, if it rips again tomorrow.. 1000 comes

$SNDK

dropped 1000+ points from the all time highs, starting to look better the past day... 1700 possible by Friday if it runs again this week

$ARM

to 300 coming.. price action

[EliteOptionTrader @Eliteoptionxr]

$ARM

is broken and the AI CPU trade is over At least that’s what the market is pricing after a 46% crash in three weeks. There’s just one problem: the chip everyone is selling hasn’t shipped a single unit yet. 453 to 243 in four weeks. Downgrades, valuation calls, ETF outflows,

[EliteOptionTrader @Eliteoptionxr]

TRADE PLAN for Tuesday $SPX gapped up and tried to reclaim 7500 but failed again. The price action is still a bit bearish here after a 70+ pt reversal from the highs. If SPX gives up 7430 it can drop to 7400 next. SPX July 22 7400P is best under 7430

$QQQ

2 days in a row it

[EliteOptionTrader @Eliteoptionxr]

You don't need: - a new ticker - a new strategy - a new indicator You need: - an edge - self-trust - patience Focus on the fundamentals.

[EliteOptionTrader @Eliteoptionxr]

To become a 16 years profitable day trader, I had to master - waiting for the level no matter how long it took - reading how price reacts at the same levels - trading the first hour and sitting on my hands - stopping after two bad trades a day - shutting down after a red week -

[EliteOptionTrader @Eliteoptionxr]

Just study: - 1 setup - 3 tickers - every day Keep it light.

[EliteOptionTrader @Eliteoptionxr]

TRADE PLAN for July 20th $SPX gapping higher this morning, if it can reclaim 7500 we can see a bounce towards 7550-7570 range. IF SPX rejects 7500 again and breaks Fridays lows.. we can see another 80 pt drop

$MU

up 40 premarket, MU above 900 can set up for a push to 1k again.

[EliteOptionTrader @Eliteoptionxr]

Elite Options TRADE IDEAS for week of July 24th

$MU

July 24 700P under 821 | 734, 700 SL 851

$SNDK

July 24 1200P under 1350 | 1250, 1200 SL 1400 $SPX July 22 7400P under 7438 | 7400, 7382 SL 7468 $SPX July 22 7550C above 7500 | 7546, 7576 SL 7468

[EliteOptionTrader @Eliteoptionxr]

$SPX TRADE PLAN SPX bullish plan: SPX above 7500 | SPX July 22 7550C T: 7546, 7576 SL 7468 SPX bearish plan: SPX under 7438 | SPX July 22 7400P T: 7400, 7382 SL 7468 SPX dropped 140 points from Thursday into Friday last week.

[EliteOptionTrader @Eliteoptionxr]

$SNDK

Trade Idea: July 24 1200P Trigger: 1350 Targets: 1250, 1200 Stop: 1400 SNDK has pulled back from 2354 to 1325 since June 22nd. If SNDK fails to hold 1277 it can flush down to 1065, 1000 in the next few weeks.

[EliteOptionTrader @Eliteoptionxr]

$MU

Trade Idea: July 24 700P Trigger: 821 Targets: 734, 700 Stop: 851 MU dropped from 1255 to 804 since June 25th. If MU gives up 821 this upcoming week it can pull back to 778, 734, 700 next. It's possible we see a flush back to 651 before a bottom forms.

[EliteOptionsTrader @EliteOptions2]

TRADE PLAN for Wednesday 📈

$SPX continues to trade in the same range the past 5 days above 7430. SPX needs through 7540 or under 7438 to see more momentum. This is week 5 of SPX trading under the all time highs at 7621.

$MU dropped 27% from the all time highs. If MU can form a base above 851 it can test 1000 again this month. MU above 1000 can move back to 1094,1168. MU under 851 can drop to 700.

$META closed up 16 on the day. As long as META Holds 600 we should see 628 again if the Mag 7 can rally higher. Calls can work above 620 for tomorrow.

$QQQ price action very weak today, If QQQ breaks 700.. the June lows at 686 can come again.

Be careful trading this week, the price action for chip stocks is not very bullish. Good luck everyone! 🫡

[EliteOptionsTrader @EliteOptions2]

The trade that pays you $5k took 5 years to build.

Nobody talks about the 5 years.

[EliteOptionsTrader @EliteOptions2]

Trading will make you crazy before it makes you rich.

[EliteOptionsTrader @EliteOptions2]

You’ve lost $1,000s trading.

Cool.

But don’t you have the experience now to do better and change your life?

Probably.

Forgot your past trauma.

Focus on the endless possibilities ahead.