Unlike most traders who try to fit their favorite strategy into every market situation, you'll find out why after asking just 2 simple questions we can eliminate the possible universe of options strategies by 80% to find the best possible trades for that specific situation. Remember that in this game, strategy trumps direction every time.
In Today's Show, You'll Learn About:
- Why some people have a really tough time with options trading and strategy selection.
- Great tips, especially for beginners, on handling different kinds of trading situations.
- The 3-step process in picking the right options strategy regardless of market direction.
- Why the process of elimination is the best way to narrow down an option strategy.
- Some concrete examples of how we would select a strategy to use in the "Closing Bell" segment.