Ok, so its just one picture but it will need some explanation. Also, this picture doesn’t and won’t showcase proper money management. I’ll leave that part to you for this post. What it will do however is demonstrate appropriate entry, exit, profit, and stop targets…aka…the trading plan.
So, generally speaking I don’t love any short term trading strategy.. mostly due to the fact I lose more money than I make but given the simplicity and potential power of this new strategy it seems reasonable to share.
In my last post I mentioned placing a pin in the discussion about finding trades after Fib levels were identified. In today’s post were going to pull the pin and continue our conversation about high probability trades.
Learning to use Fibonacci Levels, both retracements and extensions has been one of the greatest discoveries in my trading career. In the paragraphs that follow I hope to uncover a little bit of the mystery surrounding the Fibonacci indicator.
Let’s talk about options adjustments. That mythical term that new options traders hear all about but are never actually made privy to. Well, take heart, I was right there not so long ago. I searched aimlessly for someone sharing their strategy on options adjustments but all I found were countless “gurus” claiming that to be consistently profitable you have to make proper options adjustments. Followed with…so buy this course…and so on…