Trade

Quote

If you’re working a 9-5 right now: Don’t quit to trade full-time yet. Be profitable for 24 months. Not one good month. Not 3 good months. 24 MONTHS. Your job funds your learning curve. Don’t throw that away for one good week.

Brando

Be ready for all outcomes

With weekly options, … to me it’s more binary, meaning psychologically, you have to be ready for all outcomes.

And by by sizing for zero, you’re at least taking the emotions out of the trade.

Brando

Trade status

This week’s Nasdaq chart looks very choppy. On one hand, we are seeing a consistent chop between the previous day zones (PDZ) established on Monday, and re-confirmed on Tuesday. Wednesday and Thursday pre-market also seems to be confirming a stronger support zone.

The support zone is also lining up with the 5-day SMA that is flattening out this week.

Also, a possible news-catalyst is that the U.S. government shut-down ended for the time-being with a continuation bill in effect through the end of the year.