Trade Findings and Adjustments 6-11-20
Keve Bybee – firstname.lastname@example.org
- We don’t know what will happen and we have to make decisions about what we don’t know yet
- We don’t know what we don’t know
- Who are the “experts?”
- How can we deal with extreme black swan events if we can’t predict them?
- Know beforehand how much you’re willing to lose?
- Collar trade is how WE have dealt with the unknown.
- give yourself the opportunity to be profitable with the ability to be ok if you guess wrong.
- If we can make up something when things fall, we have a better chance of being profitable in the future.
FB – 260 Jan 22 Leap Long Calls for about $32
TGT – 125 Jan 21 Leap Long Calls for about $9