Trade Findings and Adjustments 08-25-2020
How high is the highest you’ve ever jumped into water = Cliff diving
This process of risk assessment is just the same as trading
First you see if you are going to make and cool !!!!
You do the due diligence necessary = depth check
You go for and have some filming = placing the trade and monitoring it
You then post it on You Tube and have a million like = you make money and someday make a million
Was it luck or skill?
Red Flags
Is the process repeatable under any market condition?
Do you understand not ever trade can be adjusted for a profit ?
Is it really smart to place a new trade every week?
Are there times when no trade is appropriate ?
Every trade can be adjusted
Every position can be profitable
You can make money in X amount of time
Because there are times that you will feel injured, angry, hurt and dead in trading !!!!!
Our trading environment is not stable for another two month until November 4th
What are your thoughts on this BABA Bull Call? Nov 2020, Buy $270 call for $27.40, sell $290 call for $17.40, Debit $10.00.
Everything about this trade makes sense = risk to reward, set up,
