We’re on the cusp of a bull market here in 2023, and there’s a lot of excitement surrounding tech stocks and artificial intelligence.
However, I won’t be chasing extended tech names like Apple right now.
Instead, I’m looking at a specific chart with some big upside.
Click the image below to see my latest setup.
How to take advantage of the 2023 Bull Market: YOUR ACTION PLAN
Advanced Micro Devices (Nasdaq: AMD) is starting a daily squeeze. I’m looking for a run into earnings, and my plan for AMD is as follows:
- My aggressive entry would be around $115 – that’s the 21-day EMA (exponential moving average) and a key volume level.
- My ideal entry would be between $110 and $111 – that’s the 55-day EMA, and it’s another big volume level.
- I’d like to buy both the August 4 $115 calls and the August 4 $120 calls.
If you’d like to get more trade ideas like this and start trading alongside me in real time, I recommend checking out Daily Profits Live. Last week I posted nine winners at an 82% win rate. One of those trades, a play on ServiceNow (NYSE: NOW), went for a 107.32% gain in two trading days.
About Nate Bear
Nate graduated from Georgia Tech in 2005 with a bachelor’s in building construction. From there, he went straight into the 9-to-5 grind, the everyday suit-and-tie life. Two years later, he threw off the corporate shackles and started his own small business.
Managing his business, United States Permit, from home gave him room to dabble in trading. He started slowly in 2008, trading with just a $1,000 account.
Like most beginning traders, Nate struggled at first. He made costly mistakes… blowing up that first $1,000 account and even another $10,000 account. But despite these initial setbacks, he was intent on learning from his mistakes – he was too hooked on trading to quit.
Then, in 2015, his son was born, and Nate realized the core reason he wanted to be a successful trader. For Nate… it wasn’t about money. He wanted to quit the 60-hour grind of running a small business. From that point on, he was committed to figuring out how to make serious money from trading so he could spend more time with his family.
The biggest pivot for Nate was to think of trading like a business. He needed a system that would deliver consistent wins… not just a couple of wins here and there. The next step in his trading journey was finding a trading community, connecting with successful traders and learning from their advice. Most importantly, by working with these other veteran traders… he discovered a trading system that worked.
From there, things took off. Nate started making more money from trading than from his building business. He started trading full time in 2016, and within a couple of years, his trading portfolio had surpassed $1 million. It was clear he had found the key to pro trading success.
In the meantime, Nate’s family continued to grow. At one point, they had six people and three dogs living in a 1,200-square-foot home.
But as his work-from-home trading career took off, it allowed his family to relocate to an area with amazing schools and move into a much bigger house – more than triple the size of their previous one.
Nate vividly remembers the first time he sat down at the dinner table in his new home…
Since then, trading has been Nate’s full-time gig, and he loves it. He has also started livestreaming his own trades to teach others his pro techniques and help them change their financial fates.
When Monument Traders Alliance approached Nate with the opportunity to teach and guide new traders in our growing network, he jumped at the chance. It reminded him of all the advice his mentors had given him years earlier, and he wanted to pay it forward.
That’s why Nate is excited to help people through his trading community, Daily Profits Live. Every day the markets are open, he shares the insights he’s learned over his trading career and helps others avoid the costly mistakes he made when he was starting out. He’s constantly sharing winning strategies, real-time setups and actionable advice, as well as educating brand-new traders on how they can make trading a business for themselves. His goal is to make his trading community the same “glass of water in the desert” that changed his life.
