OPTIONS TRADERS ***
I need to remind myself a lot lately. As an options day trader, I want to (A) secure profits (B) minimize my risk And repeat 🔁 So what do I need to do to accomplish this daily goal? I need to keep my focus, watch fewer tickers. Familiarize yourselves with the movement, ranges, even trading volume of this tickers. Days with lighter volume, there’s more volatility. Days with heavier volume, more of a trend day. (That’s what she said… humor is good) NEXT have a strategy (A) buy calls the dip (B) puts on the spike (ℹ simplified it, but u get the idea 💡) Look at tickers with high volume (Means more easy to enter & exit a position) I’m still not sure why some of you by options that have absolutely zero volume. You’re paying the ask. And then you’re selling at the bid. There are many more rules to talk about in my videos, with that said, I appreciate everybody taking the time to read and if you want make a comment
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MoneyMonkey04 : being disciplined enough to cut losses has been my biggest hurdle to overcome.
Trying to work a normal job and watching the market has been very difficult.
I think I might need to join a group that calls out buy and sell prices. trying to follow the pattern is sometimes not an option for me
MarketMatt Channel OP MoneyMonkey04 : Patience, having a game plan, and waiting on proper entry. Again on the trades. I enter if I’m not green within 10 minutes. I’m probably in the wrong play. Good luck