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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
$3,000
Spreadsheet
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
SAVE 40% with coupon code: SAVE40%
Accompanying Workshop I and II from Saturday and Sunday will be online for members tonight.