Trade Findings and Adjustments 08-22-2019
September is five week option expiration which makes it harder to wait (patience) for credit spreads to expire.
It would be foolish for me to ASSume that I have a market trend, a good directional trade and that I have some special knowledge that will guarantee you a profit
NON – Directional – Long Condors, Protective puts, Collar Trade, Strangle/Straddles
PATIENCE and Managing Trades
You have to use common sense and DON’T put bullish trades in the morning on a bearish moving market
USE Common sense and saving a nickel, dime or quarter DOESN’T matter when you could have saved dollars
Limit orders if the trend changes doesn’t protect you, doesn’t necessarily help and might not be important the next day
Hardest = Patience
Bearish with earning on 08/29 AMC
Looks like it may be bottoming, Oversold RSI and Williams %R
Flier – Means possible 400% ROI, Need to be ready for an adjustment, riskier than normal ie…probabilities are not in your favor but the question is…. IS it worth the risk
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