 Hey what's up you two, I'm Zeke and welcome to the Dream Game Show. Today is week three of my AMD 52 week trading journey and so far I've made $9.30. If you guys like that intro, go ahead and leave a thumbs up down below. That beat was made by one of my old teammates I used to run track with in college. I'll leave his link down in the description down below if you guys want to check out a couple of his beats. Now I know $9.30 might not seem like a lot to you guys but I keep telling you I am the average Joe. I don't make a lot of money out there, I only have so much money to invest just like a lot of my subscribers that watch this channel. So slow growth for me is amazing as long as I don't take any losses. If I could go 52 weeks without taking any losses, this declared me the king of trading. But most likely I would not go 52 weeks without taking any losses. So as long as my win ratio outpaces my loss ratio to my risk and reward, I should be successful by week 52. Cross my fingers. But so far I'm up $9.30. Let me pull up my phone so I can show you the trades that I made last week that got me to $9.30 and then we're going to go over the news for AMD this week and then we're going to take a look at the charts to see what are my plays for AMD this week. Am I going to buy, sell, am I going to day trade, swing trade or call some options. In this video we're going to figure that out but let's pull up my phone. All right guys here we are on AMD we take a look at the week AMD went up 5.95% which is amazing. If I would about one share of AMD I would be up $3.14. This week in AMD alone I made $4 from doing a put credit spread on AMD. To remind you guys before I remind you guys what a put credit spread is I have 47 shares of AMD average cost is $30.80 I am up $1,180.98 that's my current position on AMD. So to remind you guys what a put credit spread is all you have to do is hit trade options and let's say for the week of July 17th. What I did was I did a sale put on AMD the price is at $55.93 if I do not think it's going to fall below $53 I would put in I hit the select button at the top and put a sale put on AMD and put a sale put on AMD 53 that means I do not believe the price is going to fall below $53. Even if it does fall below $53 I have to buy 100 shares of AMD but they're going to credit my account $61. A put credit spread is I also hit I buy a put and then you hit the strike price right below that means if I fall below I won't have to buy 100 shares of AMD I'll just be collecting the premium. So if I hit continue review and buy one put credit spread they will credit my account immediately $14 straight to my account and if I hit review they would use $50 for collateral. So remember AMD price right now is at $55 so for $50 I can't even buy one share of AMD but if I do a put credit spread and AMD stays above that $53 strike point I will be credited $14 to my account without having to buy any shares of AMD. So that is how I came up last week on AMD by doing a put credit spread. I recommend that you guys do it more out of the money than closer to the money so you guys can lessen your chance at losing. What I mean by that is if we take a look at let's counsel this if we take a look at the sale put it shows your chance of profit right there $52.50 the chance of profit is 81% of $52.83% but you'll make less money the further you are out from the share price. So that is how I came up on AMD last week. So to make our play on AMD this week let's take a look at the news and then pull up the charts. So I found a couple of good news articles over AMD so AMD and the video are going to be in the new Xbox in PlayStation 5 that's coming out. The consoles are going to be using their GPUs and also using AMD as their CPUs. So for all the new consoles that they are getting made and shipped out coming this Christmas season I expect AMD and Nvidia to see a boost to their company especially since they're going to be producing new consoles for the next 5 or 10 years or so so that's very good news for AMD and Nvidia. Since the Rona Rona news came out gaming has been on the incline so that has also helped AMD and Nvidia out at the same time. Some analysis says that the strike price of AMD the target price that they think that AMD will end this year is at $65 right now AMD is at $55 so that's a gain of $10 from now into the end of the year and they also see that Nvidia goes from $420 to $460 by the end of the year. So a $10 increase from AMD is that some of the professional analysis are saying that AMD will go their price target by the end of the year. And also some other good news is that AMD their latest GPU Navi their family has just been released a lot of computer gamers they're still using their legacy GPUs like the 1080 or the 2080 but they believe that the new GPU the Navi that's going to be targeted towards the high end gamers sometimes in the second half of 2020 and they also believe that the Xbox X in the PlayStation 5 comes out at a reasonable price that that will boost AMD share price and will also be a positive for the company. But those were a couple of the news articles that I found let's pull up the AMD charts to see exactly what I'm going to do this week. All right guys here we are on AMD the four hour 180 day chart I drew these lines during the week one and week two video if you guys want to know exactly why I drew these lines go back and check out those videos but let's skip forward a little bit and zoom in on the last couple of days I drew this line right here a very long time ago because it touched right here and it touched right here and I predicted that was gonna bounce off this line and then head back up so if we zoom out a little bit AMD this was the old resistance line right here and it was very near to the old resistance lines if this line was drawn out just a little bit more but it became super overbought so it sold off before hit the resistance line if we zoom in a little bit it could make a play back all the way back down to the 180 day simple moving average and if it comes right here I might buy back in I'm not gonna do any cause I'm going to just buy these shares because AMD is on the upswing if it trade if it continues to trade sideways I'll wait until it actually make a price move up or price move down but if it comes back in hits the $53.75 price point I will buy AMD for the upcoming week hopefully by Tuesday or Wednesday I could get in at a good price if it comes here and fall down to $49 I would still hold on but if it fall below $49.50 I'm going to sell AMD if I buy it at $53 I'm going to sell it at $59 just reading the charts right here that's my plan a week the Magdee is still high it looking like it's going to cross over pretty soon hopefully AMD just trade sideways but if you do pull it back I am going to buy in so that is me reading the charts this week there's nothing too crazy about the charts AMD did just cross the 180 day simple moving average last week right here so I'm seeing that AMD could possibly be on the uptrend or it could do the exact same thing it came right here bounced off the old support broke above the 180 day simple moving average and then broke down below and then all the way back down so I don't know where AMD is going to go this week but I do know that they did have some good news come out so I'm not going to just buy into AMD on the opening of the market Monday hopefully Tuesday I could get in on AMD for a good price but if it goes all the way back up I'm just going to stay out of it until it has a little pullback and then I'll be able to get back in unless some more big news come out and then I'm going to play the news so let's zoom in on the 20 day one hour chart to see if we see anything different there goes off the support it broke above the 180 day simple moving average and it's pulling back a little bit so if it become if it does come back to this line I am definitely buying back in okay guys point blank in the story I'm gonna buy back in if it comes back down to this line it trades sideways I'ma wait until it start having a upward trend again and then I'll be able to buy back in but what I don't like is that on D 180 day for our chart we zoom in and put an arrow on the end of this and zoom out it's just it's just trading sideways right now so it's not on the uptrend it's not on the downtrend it's just trading sideways so I'm waiting for some price action some volume and some price movement so I did pull up a question on my YouTube channel in the creator section I asked which company which you invest into 213 of your dreamers did answer this question thank you for being a part of the dream team if you want to join the dream team just hit the subscribe button down below it really helps out this channel a lot 63% of you says that you'll buy AMD and 37% of you said that you'll buy Intel and just looking at the comments along Intel because it has growth not right answer AMD has a lot of growth potential with their rising CPUs yes they do I want to say Intel only for the simple fact that they pay dividends don't just invest into a company just because they pay dividends okay and invest into some growth company guys don't only invest into companies because they pay dividends both are solid I don't think you can go wrong with either both are growing like crazy both are profitable that is by far the best answer to me being in it David 904 thank you for your response to that question all right YouTube there you go that is my play for the week on AMD I'm gonna wait for the price to pull back just a little bit I don't want to get greedy and get in right now and hoping it's gonna go up I want to get in at a good price point because I only have a limited amount of money I'm not I'm not rich I don't have a whole bunch of money to just play around with I actually I'm actually trying to make money from this so I'm gonna look for a good buying opportunity if I don't see it I'm gonna just be patient and wait because right now the hot the unemployment rate is at an all-time high and the stock market is at an all-time high and those two just don't it don't it don't add up so if there is a pullback I'm gonna have some cash available for me to buy the dip to help me figure out if you guys like this series I'm not going ahead and leave a thumbs up button if I get over I think the last video got 50 likes that lets me know that you guys like this series and I and I will continue to do this series but other than that hit the thumbs up button subscribe I'm Zeke bringing you the dream green show and I'm out peace