Pre Market DEC 3, 2024

Pre Market

December 03, 2024

Stocks are flat to “green’sh” here in the Pre Market today
The market is waiting on the Octobers jobs report to be released this morning, it’s expected top be good

META is now up over 0.50% or above $595.00 as it continues to creep north
$600.00 is the magic number to watch here, resistance coming or a new breakout?
Options traders are betting on a continuation for now

Yesterday I shared with a trader one of my past struggles
Maybe you can relate
For years, I mean many years, my portfolio would look like this

Bobs Apples:::: UP 500
Joes Apples :::: UP 600

Bobs Oranges:::: Down 500
Joes Oranges:::: Down 500

That may of meant that my portfolio was up $100.00, but that teeter totter back and forth was hard living back then
When I created the Model Portfolio and had only 5 stocks in it, with the rest on standby or a Watch List, that teeter tottering then changed
It increased my portfolios profits dramatically
But more importantly was it gave the portfolio a consistency of riding the winners and cutting the losers

We do a “rebalance” here at the end of each month
I’ll be rolling out thoughts on the rebalancing of our Model Portfolio later today

S+P Support is at 6,010
Time to grind

The Options Coach


DISCLAIMER: All content provided in this newsletter, blog, webinar, video, chart, communication is for Educational and Entertainment purposes only. Nothing included or mentioned is meant to be construed or used as trading / investment / financial advice. Trading / investing carries risk of loss, losses can and do occur. NO recording aloud...Know your risk and risk of loss before taking on any financial endeavors. Past performance is NOT a 

guarantee of future success. I am NOT a licensed or registered financial advisor or tax accountant. Prior to making any trading / investing /  financial decisions you should always consult with your licensed and registered financial advisor and tax accountant. There are no recommendations or solicitations  to buy, sell or hold any stock, future, options or bonds, cryptocurrency or any other financial entity in this newsletter. Nor are there any recommendations on any type or way or method to trade / invest. You do not have permission to redistribute this newsletter without my written permission first. 

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