HOW TO WORK YOUR TRADES.
From Greg M
It is imperative to read, in their entirety, the TradeAlerts, Early Buys, And Speculative Buys.
I DO suggest how to play them.
GENERALLY YOU SHOULD PLAY YOUR OPTIONS LIKE THIS…
How to play a position. If you put on a big gain early on you can choose to close half the position pull a profit and ride the other half. You could also choose to close the entire position and lock in a full profit. You can also choose to hold onto it...It’s all about risk tolerance. Moreover, I would suggest buying options which do not expire for several months with just OTM strike prices. The farther out you buy, the less risk. -CONSIDER BUYING OPTIONS WHICH EXPIRE 8 MONTHS OUT OR LONGER TO MINIMIZE RISK AND REMEMBER! IT IS NEVER WRONG TO PULL A PROFIT… Your job as a trader is ONE THING... TO PULL PROFITS… PERIOD.
GM
thanks Greg, I always read thoroughly for any nuance you may add. also, appreciate you pounding this stuff into my head. Great job. Can't wait for pics of the Z28.
I have a question for all of you.... Let's help eachother btw too cause theres a bunch of us and only one Greg...
Is there an equation or rule or something that represents the difference between paying less premium by either finding a strike further Out Of The Money, OR by having a sooner expiration??
For example if I only want to invest $1000 into a call, I'm looking for a specific premium. The only ways to adjust that premium are with Delta and Theta so,
**What is the most efficient way to control position size**