HAPPY NEW YEAR…
I like to refer to options as hand grenades.
If you hold on to an option contract for too long, it can draw down your account much faster than just owning stock and I hate to see a trader buy into an option contract without a keen awareness of this potential peril.
On the other hand, if you know the best option strategies for trading market cycles [up or down] and how and when to use them, then you can really boost the value of your account [large or small] because of the incredible leverage which options provide, especially WEEKLY OPTIONS.
I use a Directional Option Trading Process that's perfect for trading market cycles [Breakout & Reversals].
It's designed to identify and trade these powerful cycle momentum shifts using options for low defined risk and leverage.
And tomorrow, January 2nd, 2021 at 11 AM ET, I'll share this '7' Step trading process and much more at a Live and Interactive, No Cost, Trading Workshop….
Jump Start 2021: How to Find Better Trades, Day 1, in 2021
[Trading Patterns, Tools & Option Strategies Used]
Encore Workshop
REGISTER NOW
I'll step you through this, multi-step, directional option trading process that:
1. Identifies the Highest Probability Breakout set-ups, based on these selective chart patterns and momentum flows.
2. Identifies the probable Breakout Direction based on Momentum.
3. Validates the trade's potential breakout strength, using Momentum Flows.
4. Scans for a selective Breakout Pattern [Volatility Squeeze] to quickly identify and establish a watch list of these powerful Breakout Set-ups.
5. Uses multiple Option Strategies designed for [high returns on low, defined, capital at risk].
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