Power of Position Sizing | Trading a Smaller Account

my classmates [Music] well good morning and welcome to trading a smaller account my name is barbara armstrong i'm a coach with td ameritrade and this is an intermediate level fast and furious pace class and i was toying with ideas for names for today's class so you'll have to let me know what you think feel free to type your vote in at the end of the webcast but i was debating between the power of position sizing and how important that can be particularly in times like this where we have a week that's been sponsored by you know the american chiropractic association i think because we keep getting whiplash as the market continues you know to try and rally and then move down um or catch or watch a falling knife so what we're looking at today is how to take advantage of the market no matter what it's doing and so if that's of interest to you you may just want to stick around so i'd like to start by welcoming everyone that is with us today um vj the first one into the chat business as usual so good morning to vj and john and bill and sarah and sandeep and lou and philip and ken and ganash and radio wayne and michael and marcy and ap 514 and cannon jewels and tony and krishna and tom delvecchio what a great name papa jeep neal uh jack um brian joe peter kibbuchi tan david be good there's another great name esteban um uh wrong kim and and many others like you know as the crowd shuffles in it this is a very participatory class so if you are with us for the very first time feel free to type a greeting into the chat so that we can welcome you um this also will be available in the archive so if you miss anything or you show up late and don't have a hall pass you can always catch this in the archives if you have questions we have the privilege of having cameron may with us here today i have learned a tremendous amount from cameron myself and so we are really fortunate to have him in the chat he can take really complex topics and explain them in a way that just makes so much sense so we're fortunate to have him with us today um if you were in the archives watching this afterwards and you come up with a question you can feel free to type that into the comment section if you loved it you can type that in as well um and you know we're just glad to have you on board the third way that you can reach out to us is via twitter so you can see my handle up here at the armstrong underscore tda cameron's is at cma underscore tda and we're both posting content that it's kind of news that can be helpful in the world of trading it is free um and i think you're missing out if you're not taking advantage of that but that's you know that's on you okay so and i can see that we do have a number of first-timers with us so i hope you find this helpful now i want to be clear this is an intermediate level class so if i'm talking about strategies that you are not familiar with please let me know and i'll take 30 seconds and i'll give you an overview i will also i in the top corner here i can post a link to a getting started with options class about the option strategy that we're trading we do tend to trade a lot of option strategies in this class and i always like to say you know buckle up because in this class we we don't walk in this class we are running for 45 minutes trying to review as much as we can because i think we can learn as much from our previous trades as we can learn from new trades that we place so it's just as important to understand how to manage what we've done as it is to know when to get in okay so we do cover uh a lot so joe and all the other newbies welcome so glad to have you on board okay let's get to our important information so we can get right down to business know that in this class everything we discuss is for education and informational purposes only none of it to be construed as a recommendation on the party of td ameritrade or myself know that options aren't suitable for all investors there are special risks inherent to options trading that may expose investors to potentially rapid and substantial losses in this class we spend a lot of time going over what those potential losses might be um also know that we've got to take transaction costs into account when we place a trade um if you're new to td ameritrade both futures contracts and if you want to trade futures or options you have to apply for that now in our paper money account which is where we are demonstrating the functionality of the platform and where we are placing our trades it gives us the ability to show you how to mechanically use thinkorswim but also it gives us a way to kind of place trades and then follow up and manage a portfolio so we will be using the thinkorswim paper money platform looks like smells like feels like real money but there are some differences between the two platforms and we do discuss you know between the real your real account and uh a paper money account and we discuss those as appropriate as we go along oh sorry let me just come over here this was distracting me okay so i know that all investing involves risk including the risk of loss so what's on the menu today this always you know tends to look so tame right um you know and and it's it's i feel like aladdin you know teeny tiny agenda but you know phenomenal um cosmic content and that we're going to look at the current market conditions we're going to review some of what we've done year to date because we wipe our slate clean and reset the account at the beginning of the year and then we're going to discuss some trade management approaches and then as always we're going to play some new example trades so let's get over to the platform where the magic happens and begin okay let me just go full screen whoops wrong full screen okay here we go so let's have a look at the market um that when we look at the s p 500 um so we've opened it it's coming down today so if you were to see a technical pattern here go ahead and type into the into the chat what would you call it you know and you know when i kind of what the heck honestly i do know how to run this thing oh geez you know we might be looking at this and saying you know this looks an awful lot like a bear flag right right and this black line which i just recently added is the 200-day moving average and when you're below the 200-day wow like that is a world of hurt my friends and one of the concerns when you go below a moving average is is that moving average going to act as a potential ceiling and so yeah you know we've got a bright group of people here so santiago and and johnny and marcy and john and diane and ap514 yeah this is a bear flag and so it crossed below this 200-day moving average and came up and kind of poked at it for three or four days and today it's falling again so if we look at this also you know from and and we draw let me change my drawing tool you know today's low on up you know we're now down almost 11 so we're into corruption territory we you know may not say this is officially a recessionary market um but you know if you are bullish that's a lot of pain you know on a 250 000 account if you're down the average that would be 25 000. that's a lot of coin that's a lot of coin okay what's happening with the nasdaq well you know here's our 200-day moving average it crossed below that it hasn't even come back up into that neighborhood again yet and how much is this down and if we just go from here's the you know end of the year we come down oh dang it i guess i'd have to add more to the top you know we're down 16 here you know so this is getting closer to kind of bear market territory but what is the similarity is that or are we seeing this same pattern we are down bear flag air flag bear flag okay how about the russell you know last week we had a conversation and there were some that were in agreement and some that weren't um let me just look at my calendar here last friday was the 18th so you know on this day it was breaking below and so we had some short put verticals we were intending to leg into an iron condor and we said you know this does not look good and we decided to exit um those positions and take a small loss um because we didn't want to risk taking a bigger loss um and as it turns out you know we could throw our shoulders out for patton ourselves on the back that turned out to have been a good decision because now you know this was about a 230 point channel that this has been trading in for the last year you know it went into that channel last february and 1900 would be you know around 230 points lower and we're getting pretty close to that aren't we sorry 1900 so when you look at that you know might you say well you know maybe i'd sell a short call vertical here well what sign is there that we're done falling there's no sign so we go yeah i don't think so and again you know do we see a similar pattern here came down oops came down tried to rally down tried to rally down tried to rally down it's not even back to the trying to rally bit yet and again if we measure this this looks like the nastiest of all if we come from here back to this point back at the beginning of november you know we're over 20 from the high in november and so you know they would say you know the the the small caps have officially entered um the den of the bears a bear market okay so and then what would we expect is happening on the vix and if we look at the the dow this one seems to have you know incurred the least amount of pain in that this too was range bound like the rut was came up and it hit this so some might look at this and say i spy with my little eye a double top here so now what we're waiting for is to see does this line hold because if it does not you've gone from 339 to 369 a 30 point if it breaks below that next stop might be around this 309 310 kind of move 30 points if if it breaks now today it's flirting with it yeah so what we're seeing here is a lot of falling knives and i've had people before that weren't watching these webcasts i might say on a regular basis um you know look at a stock that was falling and they would say you know what barb it's on sale i'm telling everyone to buy more but when i look at the chart and i say well there's no sign that it's finished falling yet is there um you know so can we take advantage of these falling knives and you know not necessarily try and catch it but maybe just watch it and cheer it on you know and what do you mean cheer it on well if you place a bearish trade you're going go ahead fall fall so i want to look at some of our current positions now we're going to have a quick look at the vix and how we might take advantage of where volatility is but then i want to look at some of our positions because i think that there are some really great lessons that we can remind ourselves of in this first month of the year okay so that's where we're going to go next so let's look at the vix okay where am i clicking here vex and you know this is high like you know i have been saying if you follow me this has been hanging out the vix in the 15 to 20 range for the majority of the last year well i mean it hit 38 uh you know 39 almost it was flirting with 40. that's the highest it's been in the last year and at 31.66 like it's you'd need binoculars to see this 15 to 20 range so it is really at the very very high end of where volatility has been and you know and that's exacerbated um or you know some might say you know it's pumped up even more because of earnings season you know which we are in the middle of okay so yeah these dashed lines um these are not fib lines these are just lines that i have drawn on the chart and i guess i could get rid of some of these right now because they no longer seem to be that appropriate you know now it looks like the range is more in this 15 to 26 ish and we're way above that okay so we might look at here a double bottom but you know what we really are looking at this volatility index for is part of our decision is you know do we you know want to be nat a buyer or a seller and it isn't to say if volatility is high that we can't buy but if we think things are going to continue to fall then volatility might stay elevated okay yeah we haven't had a lot of opportunity in the last year to talk about bullish trades or we are bearish trades we haven't you know done uh a whole ton of that so last week i'm going to start with devin because last week and this is actually bullish so last week we talked about devin there was a covered call um we did a buy right as a short-term income generating trade and it expired on friday and you know although someone had suggested we roll devin where we were last friday and that was the 18th so let's come and look at this um here's the 24th oh you know what i'm in the wrong month here look at my calendar going these days don't seem right it was the 21st so when we looked at last friday we said you know it's pulling back but it looks like it's going to bounce and do we want to sell a call when it's bouncing at support we had sold the 50 call so we decided to let it expire and given that it bounced we would come up and sell a call um when it when and if it was closer to resistance so where is it now we actually own a hundred shares of this stock and in this account we've started with a twenty thousand dollar account and so where are we now we're at twenty thousand eight sixty three so we're actually up a little bit and why is that have we not had any losing trades actually we've had quite a few um but what we're looking at here on devon is saying we were going to sell the 50 call again and we could so if we come out here and we say well if we look at let me just get rid of some of this stuff if we look at february 22nd and i was looking at obviously uh something else here um if we sold the 5250 you know we'd be paid three dollars and 40 cents for that now if we sold the 50 it's now in the money because it's trading at at 52.25 so could we do that we could there are 15 000 contracts on the books actually and another 13 that were traded today and we'd be paid almost five dollars for that but you know if we look at that and say well what if we came out and we sold the 55 call you know we could make dollars and 25 cents if this continues to uptrend and this is in the energy sector which is the you know been the strongest sector over the last week over the last month over the last three months um you know might this be an outlier that would continue to go up or we could say you know what we'd be happy to take this just an extra three dollars and even if we get called out three weeks from now you know we're selling the at the money strike so we're making a dollar more here but we're being paid 250 less when we're called out so i'd like to run a democratic class we only have a hundred shares because with a twenty thousand dollar account we've said the largest position size we can have is five thousand and some of you may say like back the truck up that's too large a position it's 25 percent but what it allows us to do is some short-term trades like this and because we only meet for 45 minutes every week um you know then we're um we're employing some of our capital because right now we've got 16 000 even with this trade sitting in cash yes so we do own this stock devin's earnings is february 15th so you know what um one of our rules with this strategy um it has tended to be that we do not want to trade this over earnings but what's the advantage of doing that is that if we do trade it over earnings you know look at how high our volatility is on this you know so you know we might one of our options is just to say you know what this has come up we had a down day we've got this candle of indecision we could just choose to exit this trade so we could do that or we could say you know what um i see a support level here and if it goes two percent below that i'm going to exit this so if i sell the call and then i say okay here's my calculator 5107 times 0.98 if it hits 5004 now 50 is a big number so we might knock that back to say 49.50

okay okay so we're going to come to the trade tab and we're going to do the example of so you know we own 100 shares we paid 48.50 for it um we're going to put in an accent at 49.50 so 100 higher we've already sold one call on this that's expired worthless so that's not even reflected in this current profit but we are going to sell a call so we're going to sell this 55 call and sell that as a single we paid 227 let's see if we can get 230 for it confirm and send we're going to put this in our buy right bucket our buy right covered call and when that fills we'll go back okay so that has now filled so when we come back to the monitor tab we will see that we've got this covered call and we're going to highlight the entire position and create a closing order to close out the whole thing and say we're going to make it a market order good till cancelled we're going to say if devin goes at or below 49.50 we want out okay so this actually in spite of what's going on in the market this is one sector that has continued to be strong and a stock within it that has continued to be strong i call it a bucket it's actually a group on the monitor tab and over the next week i've set up some things to post that will explain how to set up a group i'll also post something today on um how to add the calculator to your to your page on twitter okay so now we have an exit in place okay yeah so like let's say you know i have trader tv here and i would like to create a watch list instead i can say switch gadget and change it to a watch list and change it to whatever you want so you can see i have the energy sector watch list up here okay so that's devin now i wanted to review we also did a long call on devin so we want to go kind of quickly here so we did a long call on devin we've done quite a few things with devin so here was our buy right we got paid a dollar 22 for the first call that expired worthless and then we bought a call for 460 on the 25th which was monday and we ended up out of that position position the next day so i've kind of partnered this class with the long call class on mondays at noon and so on this one we were up by a dollar and so you may say a dollar that's not much and you're right you know but it's on a hundred shares so that's a hundred dollars on a twenty thousand dollar account a hundred bucks is half of one percent you know so it isn't actually as trivial as one might think and if we say okay that's a hundred divided by 460 well a hundred which was what we invested or what we risked because how much could we have lost we could have lost the whole amount um you know that's that's about a 20 it's actually a 21.7 return for a trade that we were in for one day and so you know little went base head okay base hit and that's part of what has made up this 900 so that was our long um that was our yeah that was our long call on devon because we were expecting that to go up now on the downside and most of the rest of these are trying to take advantage of moves on stocks that were moving to the downside we had pen and you can see that you know it's we're only going 30 days back here but in january we have done a lot of these what we call a one atr strategy where what we did is we bought a put on pen and we said if it goes down about the amount that it goes down in an average day then we want out now the first one it started lollygagging around and we were in that for 10 days so you know but we it did end up working out well for us so we can see here this one you know we were up 100 and some dollars now we did another one here where we bought the 41 put and our expectation was that it would continue to go down so we came in on friday out on monday we were up by 130 dollars so when you look at 130 divided by 360 you know that's a 36 return for you know a trade that we were in over a weekend you know in on friday out on monday and so again you know kind of cause to smile we also did a on the 24th so we also did uh two different puts here and we exited those on monday as well uh 38.50 and on these we

lost oh so we put these in on monday so sorry we put these in on monday and we said you know what we're going to wash rinse repeat and so we bought this one for 420 and we ended up getting out for 233 and so on that one we were down by 187 on uh a 420 investment so that looks like it's getting close to 50 percent it was actually 44 we were down in one day and although we may say you know wow that's terrible what's the good news with that the good news was that we position sized appropriately and you know we're saying in this class we can risk up to four hundred dollars while we were down two then the other one and we had you know we were looking at an in the money versus an at the money kind of strike so we did two different strikes we got in at 243 and we were out at a dollar 20. so we were down let me just go a dollar 23 on that on a 240 dollar investment so that you know 243 that was a 50 hit you know so we although we've had you know several profitable trades we've also had two losing trades on this one stock and yet you know this number is still up and so why is that well one it part of it is the power of position sizing and i can't overestimate how important that is and and so if you position size appropriately when a trade goes against you it's not going to blow up your account the second thing is you've no you may have noticed that we've done a lot of very short term trades because the market's been all over the place like on monday the market looked like it was up you know or looked like it was way down and by the end of the day it was up and we placed a trade actually i placed a trade in error in this account on adobe and i'm going to just bring that up because if we come down and look at the bottom here so yesterday i added a thousand dollars back to this account otherwise we would have been down slightly but the reason for that was that i made a mistake in here this was to have been put in the other account so we we bought a put at 24.50 and and we bought that on monday by the end of the day we were out um and we were down just over a thousand dollars so i i added a thousand dollars back to the to this account so if we come down here on the monitor tab it'll look like we're just down by a hundred dollars but it was because i put something in the wrong account now had we made a thousand dollars on that i would have taken the thousand dollars out because that wasn't to go in this class's account so i just want to be kind of above board about that but like here's the important thing is you know we're up about five percent in this account maybe a little bit less than that but one improperly position size trade that went against us could have taken us from profitable to not profitable oh sorry oh sorry guys okay thank you takes a village so yeah what i was showing you was when we come down here the net liquidity and day trades say we're up by 858 if you come down here it says we're down by 109 or overall profit and loss here to date it's because of that one losing trade that i put in the wrong account but this is why it is so important the lesson from that is sometimes we can get cocky and say like hey you know what i'm i've traded this you know short put verticals on apple again and again and again and i've had a profitable trade profitable trade profitable trade like six seven eight nine ten times in a row and so you know what like i am playing too small so i'm going to up my game and i'm going to risk more because let's face it like i am brilliant and i and i don't tend to lose and guys that's when we can be like laying on the bed sucking our thumb in the fetal position you know because that's when the trade can go against us yes and and we do not very often end up in and out the same day and if you do that on a td ameritrade account they will track that they will track that so um you know they're not keen on on us whipping in and out unless you have a you know that kind of certification so that wasn't our intention and you know often we can be in and out of a trade within a couple of days but i just wanted to review that so we did do a short call vertical on adobe if we come here you know where we exited that for 15 cents and we had put this one on you know if we come back a little bit further so we sold this one for a dollar 20 and we exited for 15 cents so we were up 115 on that and you know base hit you know base hit base hit base hit you know and again a hundred and you know 105 dollars that is not going to fly you to tahiti and have you drinking something exquisite out of a coconut but it's you know it counts it counts you know so little wins little wins okay so we don't have a ton of time left i think i've covered most of the ones that i wanted to cover for today so we are going to look at adding some new trades now and you know if you followed me you know we talked a lot about crops over you know the last year and we we first bought crocs i think it was trading like at 15 bucks a share 20 bucks a share it went all the way up to 183 it's now back to 85.81

and how much is it moving in an average day almost eight dollars seven dollars and 92 cents a day so you know could we look at this we've got earnings coming up on february 22nd so if we look at the trade tab you know some might say but you know this is a good company they're solid numbers are solid it's a value stock pe of 7.9 and you know all i can say about that is you can love the company but cheer it on from the sidelines is there any sign that this has finished falling yet and if we look at this and we say you know it's gone from 183 and we saw kind of this you know maybe not a very even head and shoulders pattern but might this continue to fall and if we looked at this and said well our our goal is when we see this kind of you know bear flag pattern when it comes up we would look to enter if it closes below the low of the high day and if this was our high day we could have an entry rate here and so if we look at this could we come out to the trade tab now when we look at the puts if i look at the put where it's currently trading that's almost a thousand dollars can we risk a thousand dollars no we cannot so so could we just plain old buy a put okay well that's march if we look at february february 18th so that's you know just before earnings so could we buy this 90 put we could but we're risking because how much like what's the worst case scenario this could go to zero if crocs rebounds us we'd be rebounds we'd be out 640 to 700 the most we can risk is is 400 so maybe we could do a long call vertical so we could look at a long call vertical instead and say okay well how about we buy a vertical here the 90 and the 85 and if it goes if you know the ideal here is that it closes below 85 by expiration what's our max loss on this 235 what's our max gain would be about 2 65 so that's the most we can make what's our breakeven 87.65 so it would have to fall another close to three dollars so if we put this in here now what else could we do yes we've said don't mock the crocs quite a bit and we're not mocking the crops we may still you know like the company um but um if it's falling you know we may like them and still want to you know earn a little cheddar if we can if it continues to fall so this is one strategy and sometimes it's kind of interesting this is a long put vertical where where what we do is we benefit the most if the stock ends up closing below both of these strikes so it's currently trading at 90 68 if it goes down to 85 we would have our max gain now we might say you know next week if we've got half our max game we may say you know what that's good enough and you know the other thing we could do as lamar has pointed out is we could do a short call vertical and we could look at you know is there enough juice in that to make it worth the squeeze so again if we come back here we might say well you know we'd want to be above maybe this high you know so could we look at could we sell maybe that 106 or it would have to be the 1010 110 on on the call side so if we came out here do we have some volume yep we've got about a 25 cent spread that's a little high but volatility is very high on this and again february 18th earnings the 22nd so we would be out prior to earnings would there be enough in it and some might say well why not sell the 105. it's trading at 90 and we could you know there's nothing saying that we couldn't do that but if we're trying to be conservative would there be enough here no we couldn't do the 110.

uh we'd only get 70 cents for even the 105 to 110 and if we're saying you know we'd like to see at least uh like 25 return on our risk we'd want to see at least a dollar yeah so the goal here is for this to go down so if i come out to the chart and what we have often done so we can see that there was if i back this up a little bit there was a support level oh we'd have to go back a year here this was a ceiling could this be new support and that's right around where our strike is so if we wanted we could change this and we'll leave this at 85 and we'll say we've got a long call vertical at 90 and 85 or sorry long put vertical i misspoke and and we want it to go through both of those and it expires february 18th prior to earnings so that's you know showing and if you don't want this kind of mucking up where we are we can come to our time axis and add some extra spots on the right and when we come into a shorter time frame so we can see this is our goal is for this to end up below 85. okay now could we have done a one atr strategy we could have but we can't afford to take that much risk in this account to buy a call okay so let's go and look at so that's crocs let's go look at pan and we can do one more so here we have pen and you know we've we've done several trades on pen so obviously you know we had one that was a winning trade we had two on this day when we put these trades on here it was falling and then it rallied tremendously so and then it rallied for three days and now we're seeing you know could this be another you know bear flag and if we're looking you know when is earnings is the question because that can throw a wrench into things so if we say okay earnings is february 3rd so that's next week and so if we wanted to be out before that if we did this one atr strategy there's no guarantee and right now this looks like it's hovering and it might end up going positive so it opened lower if i get rid of that line so it opened lower and it's now trying to rally so you know this could be a trend reversal so we're going to look at that and say you know maybe i'll look at this later in the afternoon of course we won't be together then but we are not going to do that one so let's come back and look at adobe let's look at the tech sector oh looks like it's trying to rally but when we look at adobe i mean we've seen you know it's come down tried to rally come down tried to rally hit a new low you know hidden well similar low tried to rally and it's now come and you know if we say well we'd only want to do this if it goes below the low of this update so if we come in here and it did get below but it's now rallied so if we look at this and say our low today on this was 483 31 483 31 um you know we have two choices we could do something directional because this is a you know close to a 500 stock and do a long put vertical but could we come up here also and maybe do a short call vertical you know saying well you know it could consolidate and maybe i can't get all the way back up to 540 but maybe i could do 5 30 or 5 35 and do a short call vertical which is a little less directional so if i came out here and said okay i need 20 strikes at least uh 520 we have about 40 strikes so if i came up to where did i want to be here 540 would be kind of the bomb.com even though it's currently trading at 4 88 and we may just not be able to get anywhere close to enough premium it's saying it's only a delta of 16. and so you know that's an 84 chance that this would expire worthless so if we looked at selling our vertical we get 81 cents and you know like some might look at that and say okay well i get 81 cents i'm risking four dollars and 20 cents that's a 19 return for a trade i would be in for about 20 days 21 days so maybe i could do that not enough so but maybe i could come and do the 535 and the 540. and at 82 still not quite enough so do we want to go as high as or as low as 530 that's right about here would we feel okay with that so if we came and we looked at that and and then if that doesn't work you know it's okay to save not enough premium for where i am comfortable so if we look at this 530 that's a a delta of 22 which means we've got approximately a 78 chance that that could expire worthless so right click sell vertical now this is only a 250 spread so it's like half the risk and similar premium so if we look at that and we say okay well what's our max risk here is 250 minus the 60 so if it's 60 okay 70 divided by uh what's that 250 minus 70.

i'm not going to trust my math skills this morning a dollar 80 divided by a dollar eighty so that's a potentially a 38 return for a trade we'd be in for 21 days and if our rule of thumb is we want at least one percent then we could say well that could work and how much are we risking we're risking 180 how many of these could we do we could do two and then if we come back out here and we say first trigger sequence right click create an opposite order when we've got about eighty percent of our max gain so when this is worth about 14 cents we'd like to buy it back so good till cancel and we would put this in our group short call vertical group and so our expectation here or our goal is if as long as this stays below 5 30 to 50 we would have a profitable trade so how much can we make the most we can make on this trade is 134 dollars how much could we lose 366. yeah yeah and diane i always go out as far as i can and say you know in an ideal world if i could be this far away now when we look at this this is 5 30 it's trading at 491. so this could even go almost 40 dollars up and we could still have a profitable trade like 38 dollars up and we would still have a profitable trade so there's some room for error if you will okay so guys we are out of time um there's always so much i want to share but in wrapping things up the the biggest point that i wanted to make is that you know we have to keep in mind position sizing and be sure that we don't break our position sizing rules because we saw in spades how expensive that can be um the next thing is base hits can be a beautiful thing you know eighty dollars on a twenty thousand dollar account an eighty dollar win a hundred dollar win you know we're up by three hundred and some on on devon like in this class we'd consider that to be maybe not a grand slam but getting close you know getting close one percent is 200 a two percent you know this is one trade you know three quarters of our account is still sitting in cash if we could be up two percent on our account value in total with one trade man that's rock star status right so you know we've done what we came to do we looked at the current market we looked at some of our pr previous trades the good the bad and the ugly and we placed some new example trades next week james boyd will be filling in for me i'm going to be in big sky skiing so i'll desperately miss all of you but um i will be back the following week so guys thank you so much um always love being here keep in mind everything we do in this class is for example purposes only none of it to be construed as a recommendation on the part of td ameritrade or myself know that all investing whoops hit the wrong button know that all investing involves risk including the risk of loss so that's a wrap for today have an absolutely amazing day have an awesome weekend thank you to cameron may you guys have kept him busy and thank you to each and every one of you for continuing to show up on a weekly basis and invest in yourself i admire that tremendously take care bye for now

2022-01-31 03:11

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