Weekly newsletter of MYstylework - Issue #68
STAYING RELEVANT...
STAYING RELEVANT....
Evolution is one thing man cannot and should not stop... From the age of dinosaurs to modern day, things evolve, whether for the better or worse, it does evolve.
The dinosaurs, went extinct and some other species continued to take its place maybe in a smaller or different form that is adapted to the Paleogene period (post cretaceous).
Can you imagine, Dinosaurs roaming modern earth? It will be something not relevant or acceptable to us at all. All will be put back into extinction for sure. Have not seen Jurassic Park Dominion yet, but I am sure the dinosaurs or not friendly at all and cause some form of destruction and panic.
The same in our current environment, we have to stay relevant to survive, whether you are studying, doing business, investing/trading or even parenting. If we use the old ways, we would not be able to meet the challenges in todays world. Things change and evolve and we need to stay the pace.
Remember to watch out for trends and continue to innovate. Success comes from how fast we ride the trend or even become trendsetters ourselves or how good are we to innovate.
To expand our horizons, we will also try to innovate and bring in more content in this area so we can all grow together.
"Learning never stops and the time it stops is when we don't tick anymore..."
SPX - 3911
SPX took back one down week to close 6.45% up. Filling back the gap down from the previous week. Pretty strong throughout the whole week. I guess there was just too much pain in the market that the market makers wanted to make them more happy.
If the momentum continue, we could see SPX going back above 50MA and hit resistance at 4150 level. There might be some pullback come Wednesday/Thursday before J. Powel's appearance on Thursday morning.
If we stay in trade range between 3600 to 4200, that will be prime as we are in between now. Iron Condors SPY 20 Delta Aug expiry, would be just at this range, perfect setup in my opinion. Monday, we will need to recheck the set-up, if it retraces a bit might give better entry premium on IV expansion.
This week's SPX trading range would be 3650 to 4000.
NDX - 12105
7.5%, 839 points up for the week. A strong comeback after 2 weeks of pain and agony. Interest rates are going up and there is no question about it anymore, so market would have factored it in much earlier and we are already down by 34% before the last 75 bps hike.
It will be much better of the market just goes down even more so we can get done with it rather than getting on a roller coaster ride...do you see the chart resembles a rollercoaster....ride up...steep down....ride up again steep down and it repeat it self. I am too old for these kind of rides, looking for more stable markets...
Nasdaq expected trading range this week is 11600 to 12600. 13,000 will be the next psychological level to breach.
ASSET DIVERSIFICATION...
In the current market environment, there is actually no where to hide from downside risks be it equity markets, property markets, crypto markets and even commodity like oil is not really save, as the next minute it can also come tumbling.
Although, there is an alternative to keep cash and wait out, we do not know how long that will take. So we either stay invested in smaller amounts and take safer bets on strong blue chip equity that can withstand crisis better and emerge as a winner when things improve or find great buys in other assets like property and hold out. To do these please ensure liquidity and not to gear as we do not know how long this can last.
Another area which many people are looking at during this time is to invest in web3 assets or ventures. Here we are talking about NFTs and the safer bets are those with utilities and not just a profile picture (PFP). As crypto currencies are now at its lows, it can also be an opportunity to get in at a good price as most cryptocurrencies used in NFT like Ethereum, Solana, BNB, etc are down 50% or even more.
So why now and how does NFT provide an opportunity when the cryptocurrency markets are being crippled? The concept of investing in NFT assets are just the same as stocks:-
- find a good NFT and get in cheap
- wait for market to rebound
- increased valuation of the cryptocurrency the NFT is denominated
- as a hedge to the devaluation of cryptocurrency or even cash.
Of course for this to work, we have to understand the strategies and methods to find good NFT projects. There is skills and also work involved just as you are investing/trading stocks. These skills are new to many and we need to pick it up. The good thing is as long as you are willing to learn, there are many opportunities around.
One of our fellow equity trader Alvin Tung, have ventured into NFTs for many years now, in fact what I have learnt over the past months is also from him. He will be having a FREE event to introduce NFTs and I suggest you take a peek to find out what's in store...
Details of event: MULTIPLY YOUR WEALTH WITH NFT
Thursday, June 30, 2022
8:00 PM – 10:00 PM
https://nftp20220630.eventbrite.com
TRADERS TALK
WOW.... I can't believe it that we hosted Traders Talk for 52 weeks... Thanks for all the people out there who followed us live and also on recordings... we know who supports us out there and thanks a million...🤩
Let us know what you want to hear from us...can be anything, on a stock, on strategies, on problems or even non stocks/options related... we will see what we can do... we can also invite you on live to speak to us...😀
Listen to Traders Talk Series 52 if you have not done so. View Past Traders Talk here.
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THRIVE OPTIONS BUSINESS BUILDER
For those who had the chance to grab the Thrive Options Business Builder last month and had taken action, congratulations. We are excited to have you on board our advance training programme where eventually you will build yourself an Options Business generating high double digit returns but only with a fraction of capital used.
Over a period of 12 months, you will not only learn advanced options strategies, you will also be guided on execution of these strategies. We are still open for new registrations and it is not too late to learn some additional options strategies and implement them still for the new 2022 trading year.
The registration link is here.
DISCLOSURES
Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options: https://www.theocc.com/components/docs/riskstoc.pdf
MYstyework is an Online Financial Literacy Educator and materials provided is solely by MYstylework and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, transaction or investment strategy is suitable for any person. Trading securities can involve high risk and the loss of any funds invested. MYstylework, through its contents, does not provide investment or financial advice or make investment recommendations. Investment information provided may not be appropriate for all investors, and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. MYstylework is not in the business of transacting securities trades or an investment adviser.