The Power of Compounding, Trade Management & Patient Entries | Trading a Smaller Account | 4-26-24
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- เผยแพร่เมื่อ 15 พ.ค. 2024
- Trading a Smaller Account | Barbara Armstrong | 4-26-24
Characteristics and Risks of Standardized Options. bit.ly/2v9tH6D
In this webcast, we talked about the power of compounding and the importance of having financial goals. We discussed investing routines (both daily and weekly) and trade management. We also placed 4 example trades: long call verticals and short put verticals.
Do you have a smaller account ($5,000? $10,000? $25,000?) or are you interested in trading a smaller portion of your larger account? Explore ways to trade, manage, define risk and learn about options strategies in this Active Trader class.
1023-3KVR
Options carry a high level of risk and are not suitable for all investors. Certain requirements must be met to trade options through Schwab. Please read the Options Disclosure Document titled "Characteristics and Risks of Standardized Options" before considering any option transaction.
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Great class as always Barbara. Thank you the extra supportive tips and pointers as well. Always look forward to your classes. Thank you for sharing.🙂👍
You are most welcome. ^Barb
Love this class and look forward to it each week.
Wonderful! ^Barb
Thank you Barbara, your Trading a Smaller Account series is always some of my favorite learning content. Really appreciate the live trading training! Side note: I usually watch from the archives because you go live while I am working my day job ;-)
Thanks for taking the time to make my day. So glad we have the archives for those who are not able to join us live. ^Barb
Thank You Barbara ❤
You're welcome. ^Barb
Hello Barbara, managing the middle ground is exactly what I would have asked if I had thought of it.
Excellent. Glad we covered it! ^Barb
Hi Barbara, I appreciate the review and live trading. I was recently on vacation and was disappointed that I would miss your class. Watching in the archives.
I'm impressed that you went back to catch up on the classes you missed. Keep up the good work! ^Barb
Thanks Barbara
You're welcome! ^Barb
Great class, thnx Barb
You're welcome. ^Barb
great job, this is super helpful!
I'm happy to hear that you found this helpful. ^Barb
hi Barbara, watching from the archives
Welcome. ^Barb
Hey Barbara, great class as usual. Only critique - you never look at us, you look to the screen at your left and at your right, but not at us. I think that is different than usual, but really noticed it in this presentation.
Thank you for that feedback. The screen that you see is to my left. Perhaps I should consider switching things around so that the screen in front of my - where the camera is - has the content that you are seeing on it. ^Barb
Hi again Barbara - on the ADBE short call vertical, I noticed you are down over 50% yet you said it is percolating along fine. Are the rules different for short call verticals for when you want to exit? And mine is down about 300% after hours, but it improves when the market opens. My understanding is we just need it to stay below the strike until expiration. But the numbers kind of make me catch my breath.
I checked and we are still in the example Short Call Vertical trade on ADBE which we placed on April 22. It expires May17 with the short strike at 485 & long strike at 490. ADBE is trading at 472.81 at this time (on May 2). It is over $12 below the short strike which is where a trader with this type of trade would like it to stay. We are showing that we are down by 7.4%. At this time, we are continuing to go with the example strategy of remaining patient and letting time decay chip away at the option value. If the stock goes up dramatically, we might choose to exit the week of expiration at a loss. Hope this is helpful. ^Barb
Great video. Q for you. Looking for a tos script that has % change from open. Do you have it and can share ? Or perhaps some of your other awesome traders? Much appreciated.
By % change from open - do you mean from the open of the day?? If that's what you're looking for, I don't have one but I'll keep my eyes open for one. You might want to join Ken Rose's class on scripting and you could request that he demonstrate how to create one. It is on Friday's at 3pm ET. Here's the playlist: th-cam.com/play/PL8a6s5nq1lPRn5Zg4pjdmy4V8wtapnZNf.html&si=PVTLEp-KvGJTpGVX ^Barb