Banks are always asking you to invest your money with them. They offer you bonuses, cash back, and other perks to get you to become a member.
You may have fallen for one of these tactics, and I don’t blame you. After all, you do need a bank to house the money you make from your day job.
Have you ever wonder why the banks want you to make an account and deposit your money?
Banks use your hard earned money to play the stock market and generate an enormous amount of wealth while offering you about 1-2% annual interest if you are lucky enough to swing one of those deals.
You can find out how much banks will give you in interest with this tool:
https://www.bankrate.com/banking/savings/rates/
Now that the truth is out. . . Banks NEED your money to make MONEY!
My answer to the question above is:
I never invest in banks, but I might trade their ticker on the stock market. I use their services to temporarily hold my cash as I get paid from my day job. It is a means of transportation for my money. Think of it like public transportation. You have to pay your fare in order to take a ride, and at the end of the day, you might save more money than you would if you drove your own car.
For most of us, we don’t really save or make any money using this form of transportation.
The biggest perk with taking this bus is convenience, you don’t have to drive!
So why am I talking about banks? Well, banks are dependent on your money to make money. The stock price of a bank is directly proportional to the economy, because people store their money in banks when the economy is good; and they take their money out of banks and foolishly invest it all in gold when the economy is bad.
If you read the previous article about the SPY, you will notice that the SPY had a huge squeeze which drove the price higher, and the SPY shows a good representation of how the economy is doing. As of today the SPY hit a high of $276. That is an insane movement for just 1 trading day. This generally implies that the economy is starting to pick back up!
As I was saying, banks are directly proportional to the economy . . .
This is a graph of the stock ticker WFC, which is Wells Fargo Bank. I am sure you have heard or seen this company around.
I used my 5 key elements to pin point this trade alert:
- Gravitational Theory
- Trend Pattern Squeeze
- Support and Resistance
- MACD
- RSI
This is what the alert to my students looked like:
This is what happened today:
BOOM!
In just one day, the stock popped up way high, it is actually trading after-hours at $30.47. That is an insane movement, so had you gotten this alert and purchased those 4/17 $30 calls for about $60 ea, you would have gotten a $150 return per option contract in 1 day!
Think about it, that is 250% in just 1 day! In other words 2.5x. That is enough to turn $1000 into $2500 in just one day of trading!
My students will be exiting the trade tomorrow and making EASY money!
This is the after-hours graph:
I look forward to writing a report everyday as my students get closer and closer to making $100,000 this year!
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Disclaimer:
I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.
– Ken