Here we go🔥
I've uploaded A FREE copy of "Foundations of Strategic Options Trading"
I wrote this as a way of reaching out & helping retail traders🤝💪
Please pay it forward by adding a ❤️, leaving a comment & sharing with others 🙏
https://t.co/iQkVhXPMK1 #optionstrading
$SPY • I love my EMA trend system! It helps me avoid chop and trade the momentum 🧵
Here’s how it works…
Add the 13 • 48 • 200 EMA’s onto the 2 minute chart (ext hours on)
• Bullish EMA trend 📈
13 EMA top 🟡
48 EMA middle 🟣
200 EMA bottom 🔴
Favor calls in a bullish trend.
• Bearish EMA trend 📉
200 EMA top 🔴
48 EMA middle 🟣
13 EMA bottom 🟡
Favor puts in a bearish trend.
Now… This next part is important!
When the 3 EMA’s are tightly stacked it’s a clear sign of chop ❌
When the 3 EMA’s start to space out it’s a clear sign of momentum ✅
Aim to only place trades while price is showing momentum in the EMA trends.
Stay cautious in the areas with no EMA spacing / momentum. That is where most get chopped up👇
Stay patient
Be disciplined
Stick to your edge
You do not have to trade everyday
Stick to what works
&
Repeat
It might be boring
BUT
I like to call it profitable trading
Big week of earnings headlined by $TSLA & $GOOGL
Perhaps not as exciting to some as politics has been but major reports include:
$TSLA ⭐
$GOOGL ⭐
$UPS, $V, $KO, $IBM, $LUV, $VLO, $F, $GE $VZ & more.
Calendar below. I've highlighted a few of interest for #optionstrading 👇
90% of traders can't control trading emotions:
To destroy greed = Follow your rules
To destroy anxiety = Reduce your risk
To destroy fear of losing = Think in probabilities
To destroy anger = Focus on the next opportunity
Once you can control your emotions, your trading will change forever.
Drops in 4 hours
Guarantee I breakdown risk management and hedging in a way you’ve never heard it
Not your basic “risk management tips” you’ll see online
12pm EST