Hello everyone! Today i want to share some option strategies with you!
1.
In different types of markets, you have to adjust your goals based on market conditions
1. Easy Market - Go for maximum gains. Be aggressive when the trend is clear and momentum is strong.
2. Difficult Market - Focus on protecting capital and hedging. When volatility is high and direction is unclear, prioritize managing risk more closely versus maximizing gains.
3. Choppy Market - Sit on your hands is the best practice here. Quick scalps is an amateur's game. Waiting for momentum is the way to make real money.
The key to success is ability to adapt when the market is shifting in real time. Remember, a trader’s success is built not just on winning trades but on minimizing losses and knowing when to step back when your edge is present. Be patient and wait for the setups you perform best in and you WILL crush the rest of 2024.
2.
TRADE PLAN for Thursday 📈
$.SPX(.SPX)$ 146 pt run today. SPX setting up for key psychological resistance at 6000 this week. If we see a positive reaction to FOMC. SPX can run to 6k
SPX 5980C can work above 5928
$Tesla Motors(TSLA)$ keep an eye on 290 over the next 2 days. TSLA above 290 is a magnet to 300
TSLA 295C can work near 290
$NVIDIA Corp(NVDA)$ big breakout above 140 today. NVDA setting up for 163 by December.
NVDA 148C can work above 145 tomorrow
Follow me to learn more about analysis!!
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