Finding great trades is very doable, but it helps when you have the right tools and the right guidance. I am going to share one of my favorite trading tools below, but I also want to give you a link that will help you get that guidance that can make all of the difference. I put together a very quick video I want you to see that shows the best way to wipe out the trading hurdles that plague so many of us. Check it out here.

Take a look at this example of a trade I just spotted. Finding great bargains that are overbought or oversold doesn’t have to be as hard as it may seem. Let me show you what I noticed on a chart of ConocoPhillips (COP).

Be sure to check out the update on a previous trade at the bottom of this message.

On the chart below, I included the Channel Commodity Index indicator which I use to help me spot powerful reversals that are setting up. If you want more information on the CCI click here.

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On the CCI at the bottom of the chart you’ll see highlighted areas that look like fins. These tell us there is a high likelihood that the price is changing directions. When that happens, it creates a great trading opportunity.

In this example we want CCI on COP to go up to create a clear fin shape. We also want the price to go up to at least $118  before entering a trade. The first target would be $120.

To buy stock shares of COP today, price would be approximately $117.69. If price went to $120 you would make about $2.31 per share.

That said, option trading offers the potential of a smaller initial investment and higher percentage gain even when price is expected to rise or fall. Let’s take a look.

If you bought one Call option contract covering 100 shares of COP’s stock with a Sept 15th expiration date for the 120 strike, premium would be approximately $2.43 today, or a total of $243 per contract.  If the stock price rose the expected $2 the premium might increase approximately $1.00 to $343 per share on your 100-share contract. This is a 41% gain over a couple weeks.

Options can offer a win, win, win trade opportunity. They often offer a smaller overall investment, covering more shares of stock, and potentially offer greater profits.

I love to trade, and I love to teach.  It is my thing.


If you want to be a profit predator, this pattern is the key. See how to spot it here

Past potential trade update:

Last week we discussed buying ABBV calls. On 8-9 the Sept 15th 160 call was $ .60. On 8-11 you could have sold for $ .73, a 22% profit.