Hello trader, A couple of days ago I got into call options in Zscaler (ZS) expecting to hold them for at least a few days. But as the stock ripped higher, I decided to cut half my position the same day.
Why would I lock in some profits early instead of letting the trade run?* Quite simply, this market doesn't favor swing traders and it's important to be nimble. There have been whipsaws in the market, and it's important to not overstay your welcome. While the choppy price action won't last forever, there's a way to turn a day-trade into a swing trade. And this cool trick can help you manage your risk and keep yourself open to runners. You see, day trades are all well and good.
But look at how much some of these indexes moved in the last few weeks.
Wouldn't it be awesome to catch a runner on even a portion of these? That's what I want to help you learn. Click here to continue reading
Jeff Bishop P.S. Can one trading pattern change the way you trade? Join me in my upcoming seminar, learn how I don't just trade this pattern, but how I created an automated system to find it!
Click here to register.
*Results presented are not typical and may vary from person to person. Please review our full disclaimer located at ragingbull.com/disclaimer. |
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