• Strike is as important as direction. Trade on levels not arbitrary derivative price. Prepare for & be comfortable with drawdowns. •
Biggest takeaways were learning to become aware of & comfortable with what drawdowns will look like now that you’re stepping into trading names other than apple. Learning not to trade based on arbitrary dollar amounts of the derivative, must trade based on technical levels of underlying. Learning that it is crucial to trade closer to in-the-money if you are planning on making short term trades (30min>).
5.17.2021 – 5.23.2021
5.19 | • APPROPRIATE STRIKE IS AS IMPORTANT AS PREDICTING DIRECTION •
5.20 | • TRADE BASED ON UNDERLYING LEVELS NOT ARBITRARY VALUE OF DERIVATIVE •