Trade Findings and Adjustments 06-23-2020
#1 “Time to be patient when it comes to putting more money to work” – by Kevin Hurley…06-09-2020 Trade Findings and Adjustments. I still haven’t gotten into the BA leap calls yet at
Two week ago IF I want to play resistance 275 Jan 22 Long Call for $36
Primary exit at $270-$275 I exit my trade for a profit
Secondary exit I will dollar cost average
TODAY you can get into he same trade @ $26.30
IF I want play the long term rebound to $380-$400
I would use a 300 Jun 22 Long Call for $36
Primary exit when it hits $380-400 exit the trade
Secondary exit dollar cost average
Resistance adjustment add one month short calls when it struggles getting over the 200 SMA
#2 Don’t give all your profits away by continuously rolling long puts
If you lose $8.50 and then add more long puts for $11 = 19.50 to now protect an additional $15 are you making money ?
Just like in spread trading !!!! Follow the trend, technical analysis and STOP rolling your profits away. Let you r stocks run !!!!
#3 Don’t be afraid during bull runs to leverage your money
Take the Jan 22 IF you will be planning to exit the position @ $400 ish
For a longer term investor, for worried about over bought, for someone who wants more time at the cost of $1.50 for another 9 months
