Managing Butterflies: Taking 100% Profits & Stop Losses

Hey traders!

Another day, another video. In today’s Trade Review episode, I discuss taking profits on IBM in addition to managing what was a loser in MSFT. MSFT has bounced back today, but it’s still a useful explanation of support zones when you’re in a losing trade.

Check out the video below!

Also, next week I will be out of the office on Tuesday, so my good friend Chris Brecher is going to be making a video for all of you. He’s one of the first traders I learned butterflies from!

Up Next...

Delta Airlines Destruction, Magnificent 7 Pullback, NVDA, and more…

Delta Airlines is struggling to recover from last week’s Crowdstrike outage, and I’m betting that this event will impact the stock for longer than most anticipate. I’m also loving the stock sale in the #Nasdaq. Microsoft, Meta, Amazon, and Apple earnings are coming next week and may provide me with more opportunities to buy. Additionally, … Read more

NVDA Buy Setup

NVDA pulled back perfectly, and has a bevy of buy setups to go along with the pullback. Let’s look at three ways to trade this ticker in the options market, along with the technical setups. If you want to learn more, join me in the Simpler Trading Simpler Central Room HERE.

Three Buys & a Bail: Election Edition

As election rhetoric picks up, Kelly and I looked at a few long-term stock buys and a bail related to various potential policy changes. In today’s episode, I discuss why I like Microsoft (MSFT), Advanced Micro Devices (AMD), and Caterpillar (CAT), as well as why I like Enphase (ENPH) as a short. P.S. If you … Read more