Trade Findings and Adjustments 10-29-2020
The Trade Findings and Adjustments pre-election
Today’s discussion is going to be about future planning
Two of you asked “Why don’t we take protection and cash it in ?”
We are not just protecting for earnings, we are also protecting for the election
Would you cash in the insurance or protection and add shares now?
You currently don’t have a trend
You currently have a bearish trend so why take off the profitable bearish option in a bearish trend?
BUT the leading indicator = Williams %R says the trend is going to change
IF you believe the trend will change and take the protection off you are gambling
For stock positions that have ATM protection I will short puts against the long puts down at support levels
The hardest thing to do in investing/trading is be patient. Patience means you miss the tops and bottom BUT you capture a good portion of the wave