Thursday, March 26, 2015 9:05:40 PM
Fire Eaters Guide
Fire Eaters are high risk stock and option traders who sculpt fires for bountiful gains lest they be burned by losses.
1) Trade no more than 20% of account value per trade. We want big fires but not be consumed.
2) Sell at 20% loss unless chart shows estimated fire trend still possible.
3) Trade option expiration at least 2 weeks out. Monthly expys are goal. Weekly expys are for advanced fire eaters.
4) Trade based on technical analysis of overbought or oversold. Earnings strategy trade before and/or after ER as holding through ER is to be an uncontrolled fire.
Fire Eaters are high risk stock and option traders who sculpt fires for bountiful gains lest they be burned by losses.
1) Trade no more than 20% of account value per trade. We want big fires but not be consumed.
2) Sell at 20% loss unless chart shows estimated fire trend still possible.
3) Trade option expiration at least 2 weeks out. Monthly expys are goal. Weekly expys are for advanced fire eaters.
4) Trade based on technical analysis of overbought or oversold. Earnings strategy trade before and/or after ER as holding through ER is to be an uncontrolled fire.
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