CCIV = Lucid Motors? Afternoon pop.

Saudi Arabia's sovereign wealth fund invested $1.3 billion in the electric car start-up Lucid Motors. There is still no confirmation of a Lucid Motors SPAC merger, but rumors sent CCIV shares up today. Bloomberg announced that electric vehicle maker Lucid Motors was in talks to come public through Churchill Capital, a blank-check company led by Michael Klein. Klein refused to comment, and we have heard nothing from Lucid Motors executives either. I bought a 2/19 expiry $20 straddle just in case it is true. This is a speculative play and you could lose all of your investment, it's very risky. Nevertheless, I wanted some skin in the game because I keep seeing Lucid Air commercials this week on TV. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
www.tradingview.com/u/growerik/

Trade active:

2/19 expiry $20 straddle