Trade Findings and Adjustments 08-15-2019
August MONTHLY Options expire tomorrow.
September is five week option expiration which makes it harder to wait (patience) for credit spreads to expire.
It would be foolish for me to ASSume that I have a market trend, a good directional trade and that I have some special knowledge that will guarantee you a profit
NON – Directional – Long Condors, Protective puts, Collar Trade, Strangle/Straddles
PATIENCE and Managing Trades
Did you place any of your Tuesday night trades? HELL NO
You have to use common sense and DON’T put bullish trades in the morning on a bearish moving market
USE Common sense and saving a nickel, dime or quarter DOESN’T matter when you could have saved dollars
Limit orders if the trend changes doesn’t protect you, doesn’t necessarily help and might not be important the next day
I would be doing you a disservice for placing or suggesting a trade today
Hardest = Patience