roycejakob

Why is it that broken lines of resistance being used as new support (works vice-versa as well)? Because it works virtually every time! 😏🏆💯 We had sizable 3/21 HOOD puts in the WAVE$ Portfolio for the past week, and early this morning we locked-in a 4X profit. 🙏🏼🔒💸 We then used those put-profits to shark up some more UBER and RIOT call options, and establish a NEW call options position on $HOOD. 📈📈📈🦈 I think that HOOD has bottomed out following that re-test of broken resistance (yellow trend line), and although it may take a bit to see new highs, I think that we'll be seeing mostly upside from here. ⚓️✔️ -Royce 🤙🏼

Short and sweet, you guys know this is my favorite technical setup in the trading game!🔥🥇😎I think that Bitcoin BTC bounces to re-test that line of broken support as new resistance (blue trend line) within the next 24-48 hours. If we can break above that post-"strategic crypto reserve" high, then we're off to the races.💥📈🏁I'm stoked that we sharked up those RIOT and HOOD calls early this morning with our HOOD put-profits! Let's ride team. 🌊🌊🦈-Royce 🤙🏼

The macro economic backdrop favors Bitcoin BTC far more than equities at the moment (in my view), and this promising short term technical setup should solidify a bullish open for BTC mining stocks come Monday.⚡️🙆🏻‍♂️📈February was a historic month at WAVE$ Cap, and I think that miners like RIOT and MARA could lead to some more life-changing gains in the month of March. 👑💎⛏️Let's keep this momentum alive team! 🌊🌊🏆-Royce

BTC , simple, sweet. I feel like this one is pretty self-explanatory. Should provide some good buying opportunities for names like RIOT and COIN in the week ahead! 📉💥🐋

The Nasdaq100 QQQ is having its worst day in months. We've known that a significant correction in BIG tech (The Mag-7) was coming. We didn't time it perfectly, but we timed it pretty darn well, and now, we're reaping the lucrative rewards of being RIGHT! Our 7/19 $77 TQQQ put options nearly 7X'd this morning. I never "like" trading contracts with expirations that close, but what we've seen today provided a great example of how much reward they can carry if you're willing to take the risk. That's also why I chose to push back the dates on my new TQQQ put position to 8/9. I ultimately believe that the QQQ could be playing out this head and shoulders pattern that will bring it down to $465 by August 1st. That said, I plan to sell a bunch of contracts once/ if we see $474, then re-purchase them around here ($482-$484). I don't want to spend too much time celebrating, but in my opinion, it's necessary to take a victory lap when it's deserved. Congrats team. This market hasn't been easy to trade, but we've absolutely nailed it this week.