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In our morning sessions, we like to start with a bite of wisdom with Joyce, to get us into the right mentality for trading! Just like Lebron James before a game we want to be prepared for the day to make trades.
After getting in "the zone" we are now ready to jump in and begin trading! We take a look at the markets and see where previous positions that Tre is in are looking like at the market open. From there we begin to make plays and demonstrate what live trading looks like.
Some days you simply have to be reminded to be a patient trader while other days are more exciting as the market volatility rises. Often you will notice the markets move and the news brings about stories that explain that movement, don't let this deter you from the charts, that is our focus, not the news or whatever new story, as the saying goes, "the charts don't lie".
For those that are new to the morning sessions welcome and if you are new or just need a refresher, there are some beginner level videos to get you started on the market and some on options trading below!
Here's where we get you started understanding some of the basics of reading a chart. You will learn about supply and demand in reference to the different price points of the chart. We recommend pausing and taking notes throughout!
Learning how to utilize options in different forms can greatly improve your trading ability and success as long as you stick with the system and your trading plan! Options do carry some risk involved as with all investments so make sure to always exercise good risk management.
Selling puts is another bullish play that we as traders want to add to our set of skills. However it is quite a tricky one to understand as this one obligates us to buy shares at the strike price.
Numbers Gamesis (xlsx)
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