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The hardest part of trading for me đ
Today it paid off
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Youâve heard it before⌠âDonât beat around the bushâ.
If you want to become a better options trader, I canât wait to show you how to approach your trades directly and without hesitation.
Imagine your portfolio performance if you started buying weekly expirations dependent on future trends.
Afternoon members,
Just a heads up, oil stocks are running and my TPET is starting to firm up nicely over in Atomic Trades. Likewise, the puts on RKLB are also starting to come in and am looking for mid $8s.
One last penny stock to get on your radar is RNAZ, I like this for a possible test of $.70s to $.80s by weeks end.
Alright, whatâs the single hardest part of trading for me?
Patience! đ§
As traders, most of us are probably gun slingers. We donât want to wait for setups, even though we know itâs the right thing to do.
Likewise, once we get into a trade we want INSTANT satisfaction.
Honestly, thatâs exactly what my Market Navigator services is geared towards.
Buying my âTrade of the dayâ each morning and looking to sell it within an hour for a double digit winner.
Well, that changed for me early this week when I went into SPY Oct 9 $569 puts on Tuesday morning. I really thought SPY was going to fall with all the tension in the Middle East but gosh darn it SPY rallied just a bit.
Now, when you get into a trade and itâs not working for you, you have 2 choices reallyâŚ..hold or sell for a loss.
My charting said to keep my SPY puts as long as SPY didnât break above $570 area.
My reason for this being my stop loss was that was a previous breakout level and also the high from yesterday; you can see that with the blue horizontal line on the chart below.
Well, sure enough today SPY didnât break above $570 either and markets just took a massive turn down nearly $4 dollars from the high which put my October 9th $569 puts nicely into the money and turned this almost losing trading into a nice winner for me.
If SPY had indeed broken above $570 I would have probably stopped out for a loser but I set my limits, kept my goal and watched to see how it played out.
Turns out my thesis of markets pulling back was indeed correct, it just took a day for it to come to fruition.
If you would like to learn more about chart reading skills, market analysis or get access to my real money, real time options trades for SPY then check out Market Navigator right here.
Itâs a great service for those learning options or experienced options traders who are just looking for 1 high conviction trade idea each morning.
Goal is 10% or more of the wins.
Some trades donât work out of course and Iâll use those as lessons just like I did in the example above talking about stop losses and such.
Invest in yourself and your education right here. I think youâre really going to love the service like thousands of others have over the years.
Alright, itâs almost 3pm here so Atomic Trades penny stock scans are coming in LIVE.
The penny stock links are near the top, don't forgetâŚ
Cheers!
P.S. As always, for questions about any of our services, contact our amazing sales team at 1-800-585-4488 / [email protected]. Theyâd love to hear from you!
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