| | | | Just to be clear, that doesn’t mean I am ignoring potential downside.
I think that’s very real.
If you watched my “Shockwave” presentation today, you know I am taking that seriously.
But here’s what I think is just as important:
You can’t have a quick trigger finger in this market.
We live in a time where global conflict, Fed involvement, tweets from Presidential candidates or EV business owners, and a ton of other things spike the volatility of the market.
Trying to react or respond to every one of those things is what I call the “meat grinder”...
It puts you in a position where you are chasing the market, flipping your bias back and forth and probably paying more in trading commission than you ever had a chance to make.
Instead, I think having a medium to long term view with clear levels that can dictate your decision making is a lot better approach (both for potential profits and mental health).
And, of course, trading dynamic strategies goes a heck of a long way too.
You’ve heard me say it a thousand times, but once more for good measure:
Regular options are broken. If you’re just buying calls or puts and chasing direction, it’s a recipe for disaster in my view.
If you can learn to twist options like we do in Jump Trades (or my other strategies for that matter), I think you have a significantly better chance of winning in these markets.
But, regardless of the trade structure you’re implementing, just remember to “zoom out” first.
Nate | | | | |
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