Steve Sjuggerud dropped everything to host a new Melt Up update last week. During the event, he detailed a new phenomenon happening in the markets. And he explained why it could lead to the biggest gains we’ve seen yet.
Christon “The Truth” Jones didn’t panic during the depths of the March 2020 market crash…
In fact, Christon was one of the few folks to sweep in with a bullish mindset on stocks back then. While countless others feared what COVID-19 would bring, he went into buy mode.
And he didn’t bet on just any old stock either… Christon went long electric-car maker Tesla (TSLA) through a single options contract.
As we now know, the stock market rallied off its March 2020 bottom and was hitting new highs by the summer. So Christon’s big bet turned into an incredible trade…
After bottoming at a split-adjusted price of around $72 per share in March, Tesla roared back to more than $400 per share in mid-August. As a result, Christon netted $78,000 on that one options contract.
It’s a trade that anyone would love to have under their belt. But to this point, I have left out a crucial part of this story…
You see, Christon is only 14 years old…
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Now, I must admit, Christon isn’t a normal 14-year-old kid…
He actually has several years of investing under his belt.
When Christon was 9 years old, he found a YouTube video explaining why e-commerce giant Amazon (AMZN) was a good opportunity. And he was so excited about it that he convinced his mom to let him buy shares.
That was just the start… He bought several stocks after Amazon. Soon, his mom started teaching him about options contracts. And now, at age 14, he has already coached more than 1,000 people on how to trade options.
So when he went long Tesla last March, it wasn’t his first experience in the market.
I’m not taking anything away from Christon’s success to this point…
He has knowledge beyond his years. He had the guts to go long Tesla as the market crashed in March 2020. And he profited as stocks roared higher into the summer.
But while Christon’s big winner is partly due to his years of experience even at a young age, today’s “Melt Up” environment is exactly what makes these kinds of trades possible. And his story will certainly help fuel the craziness from here…
This is what the Melt Up is all about…
Gains like those that Christon made last year are inspiring folks who’ve missed the rally to get in now… before it’s too late.
More people are trading than ever before. And when the GameStop (GME) fiasco took off earlier this year, it seemed like nearly everyone was paying attention to the stock market.
This is the crowd that we tend to see near the peak of a Melt Up. They’re the last group to arrive to the party. They’re also why the final inning of the Melt Up can lead to some of the biggest gains of the entire bull market.
These folks will bid stocks up to insane prices. They aren’t worried about fundamentals or long-term prospects. They’re only here to gamble… and hopefully make the easy money they see others raking in.
That’s how the Melt Up peaks. And while we’re not there yet, the craziness is certainly underway. Christon’s story proves it. And you’ll want to take advantage of it while you still can.
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This mass euphoria is why Steve Sjuggerud dropped everything to host a new Melt Up update last week. During the event, he detailed a new phenomenon happening in the markets. And he explained why it could lead to the biggest gains we’ve seen yet. You can still watch his presentation for free by clicking here.