With only one SPY call credit spread open right now I am getting a lot of poking about when the next trade will be; in fact I even had a few subscribers threaten to cancel unless I “speed things up” Sorry, ain't happnin. I don't force positions and if you want “action” for the sake of action you are setting yourself up for big losses. Trust me.
Not having your money at risk at all times is a good thing! Placing trades because you're bored will definitely cure your boredom because you will find yourself scrambling for the exits in short order. Strategic deployment of capital is the name of the game. Not throwing it all on “Black” for the thrill of it. But I digress…….
The market is looking a little too squishy here to start taking on new positions (again, this trading discipline is supposed to be a good thing). The market just doesn't “feel” right currently and I am therefore waiting for a break to one side or the other.
I do like the breakdown in IWM as it is beginning to look a little overdone. There are some nice juicy June way OTM put premiums available right now so I may dabble as the week wears on. IWM is down 4% in 5 days and approaching support and the rising 100 DMA.
SPY is waffling a little too much and acting fairly weak. Waiting and watching there…..131 is looking more and more likely.
Not having your money at risk at all times is a good thing! Placing trades because you're bored will definitely cure your boredom because you will find yourself scrambling for the exits in short order. Strategic deployment of capital is the name of the game. Not throwing it all on “Black” for the thrill of it. But I digress…….
The market is looking a little too squishy here to start taking on new positions (again, this trading discipline is supposed to be a good thing). The market just doesn't “feel” right currently and I am therefore waiting for a break to one side or the other.
I do like the breakdown in IWM as it is beginning to look a little overdone. There are some nice juicy June way OTM put premiums available right now so I may dabble as the week wears on. IWM is down 4% in 5 days and approaching support and the rising 100 DMA.
SPY is waffling a little too much and acting fairly weak. Waiting and watching there…..131 is looking more and more likely.
I took on some weekly NFLX and AMZN at the end of last week. They are smelling great right now after today's beating. The new weekly service is on track to be rolled out in a couple weeks where trades like these will be available.
Also, some of you may have noticed a new look to the site. Please bear with me as we get the new site up-fitted and rolled out in conjunction with the addition of the new weekly service. Thanks for all your feedback, suggestions and patience!!!!
Stay tuned and happy trading. Follow us today!
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