Options Trade Adjustment / Management
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Everyone knows that trading is a very dynamic profession. Most people learn the basics of option trading before jumping to trading with actual money. However, very few people have an idea of what they will do if the trade does not go according to plan, which by the way, happens almost always.
Imagine the confidence with which you can approach any market condition knowing that you have an answer to every curveball the market throws in your direction. Can you imagine the difference it will make to your trading results when you are calm knowing that you can handle anything that comes your way. You will improve your results many fold and sleep better at night. I am not advocating a magic wand to solve all your trading problems but the impact of what I am going to suggest has been nothing short of one for me. For $35.0 you can purchase this practical pdf document with a direct download. You will have the information in minutes and can implement the knowledge you gain from this book immediately in your trading. Click on the link below to obtain this knowledge now This e-book will give you a quick summary, a cheat sheet, with many possible adjustments you can do if you have one of many different options positions like a butterfly, iron condor, ratio spreads etc. There are many option tutors who will tell you how best to setup a trade but very few who will tell you all the options you have to adjust a trade once it is live in the market.
Whenever I asked an option tutor on how to adjust an option trade, the usual answer is ‘it depends’. It is true that the right adjustment that you can make to your position depends on your position and market dynamics but won’t it be great to have a list of all possible options available to you that you can quickly refer to in the heat of the moment, when you are trading.
Remember, having a cheat sheet with adjustment tactics does not mean that you can slap on one of many adjustments for any given position. But it is heck of lot better than joining a 5 or a 10 weeks course from an expensive tutor to learn some of these adjustments. I have been trading options for the past 5 years and what made the difference in my trading is having a quick go to adjustment which would manage my risk quickly. In-fact, I moved from having trading options as a hobby to advise hedge funds and traders on option adjustments. Based on my interactions with many traders I have had over the past few years, I realized that, apart from constant practice, nothing beats a play book that can give you a quick go-to strategy when things start going awry in the markets. All the traders that I have worked with have seen tremendous changes in their performance when having my e-book in front of them. For $35.0 you can purchase this practical pdf document with a direct download. You will have the information in minutes and can implement the knowledge you gain from this book immediately in your trading. Click on the link below to obtain this knowledge now
My e-book gives you 25 different adjustment tactics with an example on how to accomplish the tactic. Do you have a butterfly which is not performing as expected? Don’t worry, there are many ways to adjust it, as given in my e-book. Did you put on a calendar and the underlying moved to a point where you are concerned? Look up my book to see what options you have. When you are not trading, you can simulate the examples given in my e-book to see how the Greeks, risk, reward and other aspects of a trade changes when you do one adjustment tactics versus the other. This is an important aspect of any adjustment tactic : the fact that you have practiced it enough that you can quickly implement it when the situation demands.
The e-book is short, on purpose. When trading I don’t want a 100 page book which I have to look through to determine my options. I want something quick and easy to react to. I have spent hundreds of hours getting coached by some of the best current and former option traders and mentors on Wall Street and CBOE. I have refined all that they have taught into a simple document that is the most powerful tool that I have at my disposal when trading. I liken it to football, where the players, staff and the coaches practice their play day in and day out. However, on game day there is a playbook which is pulled with a moment’s notice to decide what the next step is.
Trading is not too different from such a scenario where apart from all the practice you still need a quick playbook to respond to what the markets offer you. If you have traded enough you know that the opportunities afforded by the markets are very quick to disappear and yet so many traders keep their knowledge hidden deep in their minds hoping that they would know exactly what to do when the situation becomes bad. For $35.0 you can purchase this practical pdf document with a direct download. You will have the information in minutes and can implement the knowledge you gain from this book immediately in your trading. Click on the link below to obtain this knowledge now Read more…
