By: Steve Smith
Right now trade and risk management are CRITICAL to your trading profitability.
The market had a big reversal yesterday, and today, the bulls and bears have been battling it out.
In Options360, we took a roll in our CRM trade to set up for a profit next week…
And we are watching 2 others trades like a hawk in expectation of rolling them tomorrow or early next week.
I have had a few people over the years complain about rolling trades. It’s usually people new to trading and the complaint usually looks something like:
Why are you always messing with the trades? Why not put them on and sell them when they are up. What’s with all the rolls and adjustments?
The answer is… That’s how trading works.
If I could just put on a trade and never have to adjust or manage the trade, they would call me the Oracle of Delphi… HA!
Look, if you are talking about just buying and holding stock, that can be a good strategy in some instances.
- In the 1980’s it was smart
- In the 1990’s – until 1999 or so – it was smart
- From 2003 until around 2007 – buying and holding made sense
- And starting around 2010 through 2021, you could’ve done very well for yourself…
However, and here’s my point, trading is the way to generate income and build wealth right now.
Buying and holding works over the long term, but in order to “buy the dips,” we need capital coming in consistently.
And a big part of that – especially in a market this volatile – is trade management.
You MUST watch your trades like a hawk watching its prey.
That’s why having someone like me to watch your trades and make recommendations is so important.
The cool thing is you can “hire me” to do just that for just $19 for the first month.
No I won’t be watching your individual portfolio, but I will be watching the Options360 portfolio and if you are part of it you’ll get all the benefits of my 30 years in the markets!
I can promise you, this will be some of the best money you ever spent. If you disagree after the first month, just cancel and you’ll never be billed another penny.
Heck, I’ll even send you the $19 back!
That’s how confident I am that you’ll stay with me forever once you try it out.
I hope you get the next amazing trade!
To Your Success!
Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.