Two new developments this week in our Long Term Buy & Hold portfolio, both involving MSTR. First, MSTR has now surpassed TSLA as the best performing of the four original core stocks:
Second, as set out in the chart below, on April 17th MSTR triggered a fresh Wave 5 Buy Signal. We don't trade in and out of the stocks in this portfolio, after all it is and always has been a, "Long Term Buy & Hold Portfolio." Nonetheless, as is evident from the Buy arrows, it probably is a good time to buy the shares.
MSTR
This is the fourth Wave 5 Buy Signal since the major intermediate lows were seen in the 4th quarter of 2022. Note: The first two signals in Feb and Nov of 2023, both started out as "Wave 5 Buys," but ultimately unfolded as Wave 3's. This same pattern gave us four 1,000% option winners in PLTR in 2024.
FAQ: Allan you don't bang the drum much for Crypto or Bitcoin in your option trading services, other than the occasional Wave 5 trading signals, yet here are GBTC and MSTR taking up half the slots in your Longer Term Buy & Hold portfolio. How do you explain this?
A: When GBTC and then MSTR were added to the core holdings Bitcoin was trading under $20K, now Bitcoin is again closing in on $100K. Yes, they represent a heavy core weighting but, going up over 5 fold in 5 years is all we really care about. If it ain't broke, don't fix it. Plus, in a sense all four of these core stocks are "risk on" trades in what has been a pretty robust bull market,.
FAQ: Can you teach me how to these "Wave 5 Trading Signals," work?
A: Funny you should ask. Starting next week I am offering personal one-on-one training:
Wave 5 Trading Signals: Volatility Breakout System Training
Learn my proprietary Volatility Breakout System, "Wave 5 Trading Signals," inspired by Elliott Waves and Fibonacci Retracements/Extensions. Through personalized one-on-one training, I’ll guide you on trading Wave 5 setups (which can evolve into Wave 3s) using near-term options and pattern recognition, with straightforward trade management rules. The system’s core concepts and money management strategies are simple, effective, and adaptable to all timeframes.
For a one-time fee of $495, you’ll receive hands-on instruction primarily via email, with telephone support available as needed.
To enroll or learn more, email me at apharris@mac.com.