More Trading Tips/Updates.

From Greg M

Lions… As most of you know because I posted this, I am now focusing on SELLING options- actually selling puts in the current environment and setting up credit spreads. I do explain how to do this/set these up in my book A (NOT) So Random Walk On Wall Street.

However, if you are not comfortable utilizing selling options and or setting up credit spreads, you can certainly continue to BUY calls and or puts as a trading strategy HOWEVER, you MUST know how to manage these types of trades. When you buy an option, it is often not just as simple of buying the option and sitting on it, you have to know how to manage the trades- and yes, I do cover this as well in my book.

IF you are buying calls/puts I have made this EXTREMELY easy for you.

On my website, bottom of the second page, I set up a stock screener which literally tells you BUY and or SELL. I would strongly advise you to use that screener when choosing to buy options. If for an example, my stock screener says BUY on a particular stock, you would buy call options on that stock. If it says SELL, you can close your long call position and or short it. (I would not advise shorting anything in this environment). To find my stock screener, click the following link and scroll to the bottom of the page: https://traderschoice.net/about-traders-choice/