By: Steve Smith
Earlier this week I mentioned a “triple play” trade I put on for Options360.
Stay with me because there is a VERY important trading lesson for you in this email. I just need to set the groundwork so we are on the same page.
We place a bullish trade on AirBnB (ABNB) and SPDR S&P 500 Trust (SPY) along with a VIX ratio call spread.
I also mentioned how I tried a similar trade with different stocks last week.
Fortunately last week – when the trade went against us – I was able to get out the same day for a small profit.
We weren’t so lucky in our position in ABNB, SPY, and VIX. We closed the same day, however, it was for a minuscule loss.
Yesterday I mentioned a different trade in SPY that we recently established.
We took a roll yesterday morning in expectation of the SPY breaking the $400 mark next week.
Well, it broke $400 today, so we took another role to lock in some profits and are looking for a final roll next week to reduce our cost basis and lock in more profits.
To summarize, last week we got in and out of a trade in a single day – for a small gain – because the momentum changed quickly.
The same thing happened this week – only it was for a tiny loss.
On another trade we hit the mark we were expecting days early – so we needed to lock in profits and roll the trade.
In other words, if YOU are not watching the market constantly you can very easily miss a chance to mitigate losses or miss a chance to take profits.
Either can be devastating to your trading career.
So if you have a professional life, or a social life, outside of trading…
It might be a good idea to get someone with lots of experience – who watches the market all day – to help you find and secure profits.
That is why I am here.
For just $19 you get a professional whose sole job is finding and suggesting high probability, low-risk trades.
Then I even follow the trade to let you know when we should close the position.
Hedge funds and investment banks pay hundreds of thousands – even millions – of dollars per year for people like me…
But you can get me for just $19.
Isn’t it time you increase your chances of success?
To Your Success,
PS. To be explicitly clear, the secret to trading profits is to watch the market like a hawk…