Getting Started with Jay
July 30, 2023 | Read Online | Download: Strike Raider Cheat Sheet Getting Started with Jay |
| | | WHAT GETS MEASURED GETS MANAGED | As promised, here's the weekend notes. Saturday and Sunday replays will be online tonight. I'll email them out later. | You can expect 3-7 alerts per day. | What I've learned from the $2,000 Small Account Journey exercise. | | | | Results not typical. Trading is hard. Nothing is guaranteed. | Which got me thinking, now that we've entered a bull market, could I define a new edge that leverages the explosive potential of buying options, while managing risk. | Learning to trade an edge like a casino. | You have an edge that genuinely puts the odds of success in your favor; You can think about trading in the appropriate manner (the five fundamental truths); and You can do everything you need to do over a series of trades.
| Step 1: Pick a market | Options Call debit spreads Eliminating homerun for higher POP Directional thesis
| Step 2: Choose a set of market variables that define an edge | Overall bullish stocks in consolidation Stacked EMAs Must be in a squeeze 4 chart patterns
| | | | | Step 3: Trade entry above | 10-day EMA 8, 21, 34, 55, 89 EMA Keltner Channels Inside bar breakout ATM / OTM
| Riding the 10-day EMA | | Positively stacked 8, 21, 34, 55, 89 EMA | | Above the Keltner Channel mean | | | Step 4: Stop-loss exit below | 8, 21, 34, 55, 89 EMA Keltner Channels 10-day EMA
| Step 5: Time frame | Swing trades Days to weeks 1-month to expiration or less
| Step 6: Taking profits | 100-300% goal Max profit is debit paid - width Fibonacci extensions
| Step 7: Trading in sample sizes | | Step 8: Accepting the risk | Fundamental truth → anything can happen
| Step 9: Doing the exercise | 100 trades or more 60%+ win rate
| | Now is the perfect time to try and master this edge in the market because: | A new bull market has started and can last up to a decade Inflation is normalizing Interest rates have peaked and will start to go lower A decade of these setups could be ahead of us
| https://join.ragingbull.com/strike-raider-multi | SAVE 40% with coupon code: SAVE40% | Download | Accompanying Workshop I and II from Saturday and Sunday will be online for members tonight. |
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Lee, NH 03861, United States |
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