Profit Pregame

Don’t Make the Same Short Squeeze Mistakes These Traders Made…

Headlines about the short squeeze-induced rise and fall of GameStop Corp. (GME) share prices over the last month have certainly proven the power of retail investors.

But while lots of folks made a ton of money on those booms, there are a fair amount that ended up losing money.

As millions of new investors pile into the market hoping to strike it rich, we see a lot of glaring mistakes being made by novice traders.

A perfect example happened this past week as GameStop experienced a second surge.

Convinced that the stock was heading for the moon again, a staggering number of traders starting buying up outrageous call options.

Among the most actively traded GME options on Thursday was a call with an $800 strike price that expired on Friday. Basically, they were betting that GME stock would skyrocket to $800 per share by the very next day.

That was never going to happen. Even when 150% of GME shares were shorted back in January, the stock only got to just over half of that amount.

Anyone that bought that option – all 52,000 of them – lost all of the money they paid for those contracts.

Look, I’m not saying you shouldn’t shoot for big profits. We’re all here to make money.

But if you’re unsure of the best way to do that, you may need a guiding hand.

That’s where I come in…

A Better Way to Find Short Squeeze Profits

What happened with GameStop is a clear signal that you CAN beat Wall Street at its own game. But I’m not interested in waiting around for the next big move.

That’s why I monitor those massive bets from the institutions and hedge funds every single day.

Using the full suite of tools in my S.C.A.N. system, I’m able to track where the biggest money flows from traders is moving. I see every move they make, the moment they make them.

That means that we can find these “Super Squeeze Trades” in real-time with ease and provide subscribers with the right trade recommendation to take advantage.

And the best part? You get in before the rush, allowing you to take the biggest profits for the best price.

I’ve put together a critical presentation to tell you everything you need to know so you can pinpoint the next super squeeze trade opportunity – before it goes crazy.

Take a look. You really need to see this to believe it.

Trading tip of the week

A down Friday and down Monday in the Dow could get ugly.

We have seen in the past that there is more downside in the market if this happens.

Last week, we avoided that scenario with an up Monday, but the Dow was down again on Friday.

So, if the Dow is down on today, look out below.

Earnings report to watch

Dollar Tree, Inc. (DLTR) is another stock that has done incredibly well during the pandemic as more and more Americans look for ways to save money during uncertain times.

But with the vaccination efforts well underway and more Americans likely to return to work in the coming months, we could start to see selling pressure on the discount retailer.

While the results of its latest quarter will be important in the short-term, I’ll be more interested to see what forward guidance and expectations DLTR sets for the rest of the year and beyond.

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