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Getting Started with Jay

Author

Jason Bond
July 30, 2023

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

  1. Options

  2. Call debit spreads

  3. Eliminating homerun for higher POP

  4. Directional thesis

Step 2: Choose a set of market variables that define an edge

  1. Overall bullish stocks in consolidation

  2. Stacked EMAs

  3. Must be in a squeeze

  4. 4 chart patterns

Step 3: Trade entry above

  1. 10-day EMA

  2. 8, 21, 34, 55, 89 EMA

  3. Keltner Channels

  4. Inside bar breakout

  5. 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

  1. 8, 21, 34, 55, 89 EMA

  2. Keltner Channels

  3. 10-day EMA

Step 5: Time frame

  1. Swing trades

  2. Days to weeks

  3. 1-month to expiration or less

Step 6: Taking profits

  1. 100-300% goal

  2. Max profit is debit paid - width

  3. Fibonacci extensions

Step 7: Trading in sample sizes

  1. $3,000

  2. Spreadsheet

Step 8: Accepting the risk

  1. Fundamental truth → anything can happen

Step 9: Doing the exercise

  1. 100 trades or more

  2. 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

SAVE 40% with coupon code: SAVE40%

Accompanying Workshop I and II from Saturday and Sunday will be online for members tonight.