We traded XLF recently, and we did well on my “early buy” recommendation.
Today is yet another “early buy” on XLF. This is NOT a TradeAlert! But a call for an early buy. It looks to me as if XLF may break out to the upside soon.
You could do 2 things.. 1. wait for a TradeAlert! on XLF, or 2. buy cautiously.
GM
All of Greg's trade alerts can be traded using the instrument itself or via options. Just make sure you use longer duration (ie 2-3 mos out) and closer to or in the money options. As far as when to exit, this is where you have to do your part. He's getting us in and everyone has different risk profiles, sizes, etc.. What I have found esp with options is to take the money while it's available. Think of taking base hits vs sitting and waiting on home runs. They will come too but you can cover a lot of ground and increase your account by just taking what is being offered at the time. I often buy/sell the same option many times over by selling on strength on an hourly chart and buying back the same thing on a pullback and re-riding it up. The key is the average range of the instrument.
Greg you are an absolute nugget of gold in a pile of absolute poop. Thank you so much for your selfless help.