Trade Findings and Adjustments 06-25-2020
Ask anything you want about the stock market day
Emailed questions since Tuesday Night
“Kevin what is your trading strategy?” = Collar Trader
I look for and trade “simple truths”
Highly probable movements within the stock market, equities, ETF, indexes .
What are simple truths = Over bought and over sold, earnings offer the most consistent “big” movement opportunities, It is impossible to outguess the stock market when it comes to specific timing down to the day
“Kevin shouldn’t we take profits on BA long puts yesterday at the close?”
HELL NO if it is a protective put. A stand alone long put you could obviously take a profit of 100% or more but when it is a protective put the stock ownership is the risk in the trade not the profit nor cost basis of your put.
“Kevin why do you collar trade?”
I’m an emotional person, hate losing, overly competitive and I’ve worked to hard to lose money in the stock market.
“With the WuFlu numbers going up, do you know of any good stay-at-home stocks?”
ZM, NFLX, NVDA, BABA, BIDU, AAPL, AMZON, WMT, TGT, COST,
Look for news stocks = News that the Volker Rules were going to be loosened up