Welcome to Wizard Trading AI, LLC! Highlights from 1-29-24

Bonus "Wizard Spell" Truth in Analysis

Today was a good first day going live in BETA Mode and is a great example of our system.  

TRADE 1)

($APPF) Meinert AI alerted the Wizard Trading AI Team this morning 15 times.  The human trading team chose to issue 3 X(@wizardtradingai) alerts on $NOW, $TNA, and $APPF.  The team took the $APPF trade and it rose 1054.72% on the day. We have been watching $APPF since last earnings season like a hawk due to its growing, AI assisted, property- management business model.  Meinert AI was able to recognize and identify the rise in volume and price action and  Wizard Trading AI's system immediately issued the trade on our behalf.  We have the system automatically scale 5% of the position at a 20% gain, 10% at a 50% gain, 10% of the position at a 100% gain, 10% at a 150% gain, 20% at the 200% mark, rolled one call at around the 250% mark to increase leverage, and left the remaining calls as "runners" to swing into next week.  THIS TRADE IS AN EXAMPLE OF THE VALUE OF THIS SYSTEM.  Even if you have a boring, buy and hold, long term strategy(we've been there and done well, but, looking back, if we had taken advantage of this System during intense bull market/ bear market moves, we could have increased our gains over the years exponentially.) An investor can use a small part of their portfolio to increase their overall principal. For example, say you only make only one trade a year and bought $10,000 worth of $APPF calls this morning on our alert, and scaled as we did, the trader would have received around a 656% gain, which equals $65,600. If this trade did not work(hypothetically, if the price went down today) our stop loss was set at a 8% loss, so the trader's maximum drawdown would have been an $800 loss plus commission. We like $APPF going into the next two weeks as it could clear resistance at the $226 level(warning- watch for toppish behavior at $226.)  If the trade clears $226 and closes on the hourly candle above $227, then it has the chance of making an "Earnings Pivot Melt Up"(Meinert AI has issued an alert that if the price clears $227 and holds, then it has a "more likely than not(50.01% chance)" that it will move higher. We have raised our stop- loss to 10% below the current option price, hoping that the trade will not get "stopped-out" if it decides to test the $219 level.  If it does get "stopped-out" we will move on to the next Trade idea with an approximate 1000% gain until $APPF sets up and is ready to move again. 

2)TRADE 2- ($TNA)

We alerted a trade idea at 10:50 am est, on $TNA Feb 16/24 $40 call/s that were purchased at $1.07. The price got to $1.29  The trade  and stopped out at $1. No harm, no foul. Taking a “papercut”on a stop- loss in this system is a WIN, not a loss. THE KEY TO WINNING IN THIS SYSTEM IS TO PREVENT LARGE LOSSES THROUGH STOP-LOSS SETTINGS- WE NEED TO BE CORRECT ON ONLY 34.5% TO BE PROFITABLE. We still like $TNA  and $IWM for a future trade. This one needs to set up and if rates go down and the US dollar goes down, then watch out for a small cap trade alert. Please read the info at http://wizardtradingai.com before following us as this is not financial advice, just opinions and ideas derived from "Meinert AI" and the human trading team.  

 3)TRADE 3 ($NOW)-We are  holders of $NOW in our long- term stock portfolio and like the way this stock correlates with TLT. Meinert AI gave the team an alert this morning, based on volume, price action, and 4 other indicators.  Basically, the stock reversed upward and held moving upward at a certain price which triggered an alert.  We entered this trade with February 16 $750 call/s at $32.68. We have numerous option holdings for this AI beast.  Bill McDermott, $NOW'S energetic CEO has said recently said, "This is our Nvidia Moment in AI software." The market has told us they are the clear leader in the enterprise software AI space through its price action.  

Think about it, if this really is a new bull market, the market is going to look for the beneficiaries of AI SPENDING.  Companies are FORCED, in this particular moment in time TO MAKE THEIR BET AND GAMBLE ON AI OR FACE IRRELEVANCE.  THESE COMPANIES HAVE NO OTHER CHOICE THAN TO SPEND ON AI RIGHT NOW, JANUARY OF 2024.  

This is the most important thing we will write today- forget everything you learned about stocks and watch $NOW at this point in time on a daily chart. Strong price action, with candles floating above the 10 day, rarely testing the 20 day, and then bouncing back above the 10 day are the stocks we are looking for. We want the winners.  Get it out of your head that you should be looking for value stocks(unless there is a new ceo, comeback story, or recent failed IPO due to economic conditions(2019- 2022 IPOS,.  You do not want stocks that are falling.  Losers average loser#PTJ (Also watch $CDNS and $SNPS).  (Warning- Our Model shows $NOW could get pushed down to the $746 level to test its 10 day Moving Average and then bounce. Also, the team feels that the chart looks a little toppy, but can sense the desire for more institutions to get into this stock due to its exposure to AI.) Once again, no one can predict the future movement of the market.  These are ideas for our members to use in their own system. We plan to automate this process for our members in mid-late 2024.