This trade idea is a short and sweet one, and it all comes down to price. NetEase (NTES) is setting two major price levels all traders should be keeping an eye on. These levels can help us gain some insight into where the stock may go next and give us some clarity on what our often talked about highest probability trade may come in.
The tricky thing with having two major prices levels is that there could be one of two trades made. This is where patience and the education you have gained through your countless hours of work come in very handy. Patience to wait for the market to give you a clear confirmation of what your trade should be is essential when a stock is floating in between two levels like this one is.
These are the same lessons my students and I go over every week. We have to train ourselves to not only find these levels, but be disciplined and patient enough to trade them, not just trade for the sake of trading. Check out the video below for the valuable insight into what could be your next big trade.
For many traders, the amount of opportunity out there, or even a lack thereof, can cause confusion, frustration, and hesitation. But fear not, you have plenty of resources to help you cut through the noise in the market.
When you join The Profit Machine today you’ll learn just how you can make this trade and countless more like it as I teach my students my strategy when it comes to trading options. Don’t wait, take advantage of this opportunity to make 2023 one of your best years yet!
I look forward to trading with you…