Breakout Multiplier Articles

Here's the replay and chartbook from the December 5 livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room. 

Be sure to join us and maximize your return potential.

SoundHound is trading around 10x today. We paid $0.30 for these calls on October 14th, and they are worth about $3.20 today.

Since the calls were cheap, we bought more than we usually do in order to size the position appropriately.

This is always nice as it gives us the flexibility to scale out of the position. In other words, if we only buy two calls, and we sell one on the double, then we have no choice but to close our entire remaining position at the same time.

In the case of SOUN, calls were only $30 per contract, so I own a larger quantity than usual. I’m going to take advantage of this and scale out over time. I did the same thing with PTON when that position went more than 10x.

I’m selling 50% of my remaining position today (or 25% of the original position). I think it is a good rule to always sell something at 10x. Ideally...

Here's the replay and chartbook from today's livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.

Be sure to join us and maximize your return potential.

With the most speculative and beaten-down areas taking on new leadership roles, it’s tough to imagine China will sit out this rally.

Just about two months ago, Chinese indexes and individual stocks registered some of their best performances ever on a short-term basis.

We call these signals momentum thrusts, often marking the initiation of new uptrends. 

And a new uptrend is exactly what we think is coming for China following the recent corrective action. 

We’re going to outline a handful of trade ideas for this theme today and you can pick and choose and position size accordingly based on how much exposure you want. 

As for me, I’m putting on full positions for all of them and planning to add more China exposure soon.

We like the idea of gaining...

Here's the replay and chartbook from today's livestream. Note that we talk strategy every Thursday at 11 a.m. ET, and I answer questions in the chat room.

Be sure to join us and maximize your return potential.

Today we held our Breakout Multiplier Weekly Strategy Session.

When discussing the deck for today's call, Alfonso and I agreed that the best chart had to be Lovesac $LOVE.

Just look how orderly this rounding bottom breakout is playing out.

We scooped up the 12/20 $35 calls, hoping they’d be in-the-money by the time the theta decay window set in.

With the stock up 7% today, that’s exactly what happened. And it came just in the nick of time, as today marks 29 days until the expiration of our calls.

Momentum is firing up, with the daily RSI-14 getting overbought for the first time since the summer. 

LOVE is also sporting a momentum buy signal on the daily, weekly, and monthly charts. Talk about trend alignment across multiple...