Float Like a Butterfly

With all of the uncertainty around interest rates, crypto falling back to where it came from, and FOMC meeting minutes being released, the market gave us very little direction today. Days like these require that you are fast on your feet.

You know how the saying goes.

One of our “Gold Miners” T Money calls it Nimble Trading. We all agree that you have to take what the market gives you. After all, stonks don’t only go up. Price goes up, down, and sideways.

That being said, $LOW gave us a nice opportunity to go for a short play after not the greatest reaction to its Q1 earnings report this morning. T Money called out a weekly 180 Put option based on LOW breaking down beyond a crucial level. Some of our members hit that play for a smooth 50% profit in 25 minutes.

T then identified a potential end of the move, and navigated the #GoldRushGang through a potential upside play, once certain levels were reached, bar by bar. LOW reached the desired level and T blessed us with a weekly 190 call option, which also returned over 50% from entry to exit!

Here are some words of wisdom from the man himself:

The goal isn't to make thousands on these plays but to make enough both ways, on the way down and on the way back up.

One of the best ways of doing this is getting a few tickers, plotting all your lines so you know your support and resistance and once a move is over, you know because it meets all your exit/entry criteria and you can win twice on one play.

This also stops you from chasing what everyone says is running because you're focused on your play and you know you can eat off it twice.

That’s some golden bars right there.

This is the type of guidance that we offer here at Gold Rush. We are constantly sharpening our swords, remaining vigilant, and striking when the market offers us an opportunity.

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