Using Stocks vs Options | Technically Speaking: Trading Stocks & Options

Using Stocks vs Options | Technically Speaking: Trading Stocks & Options

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[Music] well good afternoon everyone this is barbara armstrong coming to you live from sunny salt lake city connie hill has a couple of well-deserved days off and so cameron may and i are holding down the fort uh today so um i am delighted to be here to talk to you about trading stocks and opt-ins a topic near and dear to my heart and today our conversation is going to be centered around how to take advantage of this current upswing in the market we are seeing lots of trend reversal patterns when we look at the charts um and if you're new to charts you may want to check out cameron may's getting started with technical analysis on mondays but uh delighted to be here with you so i want to welcome so many of the usual suspects and thank you for being here today to vijay and todd and rebecca and doug and wayne and tony and the rest of the gang glad to have you all on board also thanks to cameron may um for riding shotgun with me today and helping out in the chat as you know he brings a wealth of experience with him so if you have questions between cameron and i hopefully we have answers for you okay so um [Music] one of the ways to get your questions answered is through the chat today if you're with us live if you're watching this in the archives as many people do you can always type your questions and comments in down below and i do look at those and will respond on a daily basis the third way and it's last but certainly not least is through twitter at the armstrong underscore tda is my handle cameron's is at cma underscore tda and we're both posting content on a daily basis that you think will be helpful and in the last week or so i've probably posted a dozen charts just as examples of the types of breakout patterns we're seeing all over the place and we'll look at a couple of those today know that this class is considered to be an intermediate level class we will discuss several different of example trades today but none of that is to be construed as a recommendation on the part of td ameritrade or myself no also we will look at both stock and option trades today and know that options are not suitable for all investors there are special risks inherent to options trading that may expose investors to potentially rapid and substantial losses also if you're new to td ameritrade know that you have to apply for option trading privileges because there's nothing more frustrating than practicing in your paper money account and you can practice every option strategy in your paper money account and then when you finally go to pull the trigger and place your first trade in your live account and then realize you can't do it um yeah that is is frustrating so know that you have to apply for that ahead of time also know that all investing involves risk including the risk of loss okay we we will look at and we will play some example stop loss orders also know that with stop loss orders there isn't a guarantee that you will get out at your requested price okay so rick says you know i am happy to be here to learn and i'm delighted that you're here also um as many of you know i'm a product of this education i started with td ameritrade back in 2011 as a client and really as a student of this education is so you know everything i learned i learned at the feed of of coaches like cameron may and scott thompson and james boyd and and the rest of the gang so um if you keep coming back and and you keep applying what you've learned with consistency um yeah who knows where it will lead right so what what's on our menu today well one there's one news item i want to cover then we're going to have a quick look at what's going on in the markets and because i don't normally teach this class i know that connie one of the things i love about this class with connie is that she does a balance balance of both managing the trades that you've placed and then placing new trades because trade management is critical so the trades that we place today you can follow up on those trades with me in either the trading a smaller account class that is taught on fridays at the market open at 9 30 or the portfolio management basics which happens at three o'clock this afternoon so the pla trades we placed today we won't be following up on at three o'clock this afternoon but next week okay so that's that's what's on the menu so the first is the news item and let me just get my screen ready oh you'd think i'd have this mastered by now okay um you know this thinkorswim platform walkthrough if you've listened to other classes this week it has probably been mentioned but you know it's a really cool thing that you can do and i posted a link at the top of the chat and and i'll repost it sorry i don't know why my screen is going a little silly here hopefully that got the whole thing just let me make sure cameron cameron will re-post it um also you know during the class but um you can do this one-on-one walkthrough and the nice thing about it is that you're leading the conversation so you're talking with somebody who's a specialist with thinkorswim if you're brand new you could spend the whole time on the um monitor page perhaps understanding how to set up columns and you know if you if you do something like a short vertical trade how how you can have that show up kind of in a summarized format all of those kinds of things maybe you've always wanted to learn more about the analyze tab or about the think back features so you can create a list of questions and you'll probably come away knowing things you didn't even know you didn't know um so i'm thinking about booking one of these myself because even though i'm a coach you know i learn new things about this thinkorswim platform every week what the walkthrough is not is you know a chance for you to have a chat about different stock positions it's like how should i trade tesla yeah no that's not going to work or hey i'm underwater on this trade and what would you do what would you suggest i do they aren't here to give you trade recommendations but want to learn more about the platform you can sign up and and if you click that link and i'll put the link down in the comments uh for those of you who are in the archives if this is what it'll bring up is this page and you're just going to say yup i i know that investing involves risk i agree i'd like a demo of the thinkorswim platform you hit continue and then it voila brings up a calendar of choices and i mean you know for tomorrow you've got 35 choices available and it goes out for the next two weeks and so you know you could say you know what i'd like to do one of those i don't have anything going on for the rest of the afternoon this is in mountain time so the latest appointment would be 3 15 mountain time okay so that's that um let's go to a market overview so if we come out to our charts and look at the s p 500 we can see that you know year to date it's still down so like this is a year-to-date chart and one of the things that i learned in the last year from brett moore's is that below patterns if i click on this link and come to show price as a percentage then i don't have to be drawing you know additional lines but you know we're still down year to date and and that's not a big surprise to anyone um you know we're down still about 11 year to date but since you know the middle of june we're up about 20. and so some would say well now we can technically call this a bear market i'd say or a bull market i'd say shorter term bullish intermediate to long term is is still bearish um and you know the first half of this year was one of the first worst first halves on records on record what the technicians are looking at now is is this going to go back across this 200-day moving average and you know it kissed it two days ago um and you know it's been flirting with it since so you know this is this is a marker to watch for when we come and we look at the nasdaq we're going to see you know pretty a pretty similar trend i mean still down year to date about 18 but if we come from this low back here on june 15th which seems to have become a recent bottom up 23 percent so again some people would say well i'm officially calling it a bullish market yet and you know for me i would say you know as i look at things on an annual basis i'd say intermediate term um to longer term is still bearish but we've certainly seen a bullish run and will it continue don't know now this hasn't quite come up to the 200-day moving average but you know it is heading in that direction and and we have continued to see a series of higher lows and higher highs which is you know indicative of a continued uptrend and you know we saw a two-day pullback moving again to the upside today the russell which is often a leading index this represents the small caps you know and many would say well you know maybe i can get rid of there's a downward trending channel now if i try and clean my chart up a bit but we've seen that this is also moving to the upside that you know started june 15th and it crossed actually it was the first one to get to the other side of this 200-day moving average but it's now back on the other side and bouncing off the tent and so this is something that we'll look to see can it you know climb over that 200-day moving average and actually stay there um which would be lovely okay and how about the dow now the biggest difference between the dow and the other three indices is that this is based on the price of the stock for the dow as opposed to the market cap valuation of the company that that stock represents so if google's in the dow and it just did a 20 for one split it now has five percent of the oomph it used to have um but we can see that this one has crossed the 200-day moving average it's broken up out of this long downtrending channel that it's been in for the entire year and it is still sitting it's down just a smidge today but um smidge being a highly technical term but it's still you know it's sitting like a bird on the wire but it's still above that 200-day moving average so you know the bulls are perhaps optimistic okay but you know the jury's still out i mean year to date this is still down seven percent the healthiest of the four and how does our fear index or the volatility index look well it's still hovering in that 20 range but to be under 20 and have been hanging out there for the last week um these are the this is the lowest volatility we've seen since april and so many would interpret that to be you know a good sign also okay i have someone at my door they're probably just dropping something off okay so i will let them knock and leave and the last thing we might want to look at is the indices and so i'm going to close this one and if we come out to the td page those of you who um come to my classes know that this is a favorite spot for me to come and look and this is the market monitor tab and what this gives us is an idea just at a glance it's a visual representation of every stock in the s p 500 and it's saying hey today the leading sector is energy followed by technology materials and utilities now one date is not a trend make you know who's hauling up the rear today real estate and health care but if we change our time frame and say if i was interested in doing something for the shorter term who's been leading the pack well that's consumer discretionary industrials and technology and actually in the last 30 days every single sector is up four percent or more health care in last place at four percent but it's still four percent to the good when year to date every single index is down you know it shows that we're coming back around the corner and discretionary leading the pack up almost 19 percent bath and body works okay that might not be the best one ford etsy chipotle and caesars and you can see these are pretty small little boxes you get to tesla it's huge why is that box so much bigger because the company's bigger and then we have amazon which is even bigger than tesla right so the size of the box represents the size of the company or gives you an idea so if you were saying well i'm just looking i've had a lot of money sitting in cash and i'm looking at getting back in these sectors might be a good place for us to start okay so if i come out now and say well how about i look at and the entire session will not be sponsored by the letter a today but we're going to start you know with alcoa now alcoa if we come and we look at this is there an interesting chart pattern and i'm going to get rid of this one this line and we can see that has this stopped been beaten up yeah like it fell by more than 50 right from almost 100 98 down to 40 and when did it hit 40 what do you know july 14th but we're seeing it come back around the corner and if i take my drawing tool and i posted this on twitter yesterday you know what do i spy with my little eye well what i'm seeing is this getting in my way i'm seeing what pattern do you see there go ahead and type it in and i know that you have a bit of a lag but if you saw my twitter you'll you'll already know this inverted head and shoulders pattern and this went from a low of about 40 so you know we have it drawn right here 39 57 and it broke out around this 51 mark so if we're expecting about a technician might say with this pattern if this move is 11 we could expect a move of about 11 to the upside which would put us at 62. and so how might we trade that vj you've got it an inverted head and shoulders pattern you know there's our eyeball one shoulder and the other shoulder and so if we had a target of about 62 how might we trade that well we could do a a couple of different things we might say yeah i'm not so sure that this rebound in the market is going to work um or you know i could see it maybe it's come up come back retest retested it is moving to the upside again um what do some of the others numbers look like on alcoa so if we come we come to the analyze tab we come down we can see that you know their earnings per share grew by 140 year over year their sales grew by 21. we can come out to td and type in aaa and this we're not going to spend a ton of time on here but we can see that basically this stock has been outperforming the nasdaq and the s p um which i guess isn't difficult to have done in the first half of this year but for the last year they have been a consistent outperformer and and so if we look at this and we think well this looks strong the p e ratio on this is 10.4 what does that tell us well

that simply tells us that for every 10 you invest in this company you could make a one dollar return and you know uh there are a lot of other growth companies you'd have to invest a whole lot more like if we look at tesla and i know you guys all know this but just in case we have somebody new you'd have to invite invest 106 to get one dollar a profit from tesla and you know so that's truly a growth company sorry i meant to put in two a's not three um versus versus 10 10.45 so if we looked at this and we said well if we wanted to do something conservative could we buy a stock and sell a covered call at the same time i mean there's lots of choices we could just buy the stock and put a target or we could buy the stock if we come back to think or swim and come to the trade tab the first question that you have to ask yourself is does this stock trade a million shares a day or more and that might be one of the check boxes you want to check if you want to do an option the other thing you might be saying to yourself is self is are these options heavily traded and we're looking at doing something bullish so you know when we come and we look at this is the september strike so this is about 30 days out and we look at the strike closest to where it's trading it's trading at 53.71 could we do something like this by a call here we had 5300 contracts on the books that's open interest when the market opened today and we have another 115 contracts we've got a 10 cent bid ask spread which on an option that's heading for three dollars is like less than five percent so if we say okay well we've checked those boxes the next question would be um and and by the way with buy rights if you're not familiar with it i will put a link in i'm just making a note of the time to the getting started with options by right class and it's actually going to be our topic of conversation in getting started with options next wednesday but the idea is that one of the ways you can do this as a trade is to say i am going to buy a hundred shares of stock and at the same time i'm going to sell a covered call and as long as it goes up above 55 i'm going to end up called out and you might say well why would i want to buy 100 shares of stock and only own it for 30 days and the answer might be because the return there's enough you know there's enough juice in it for it to be worth my while so if we could make four dollars on a 50 investment in 29 days might that be of interest now it doesn't mean we have to stay in it for the entire 25 days but if we take four and divide that by 50 my spidey sense tells me that's about an eight percent return which it is and you know what it what is the probability of us ending up not owning the stock coming september 16th it's about 50 50. what what this delta is saying is it's not a guarantee but it's about a 47 chance that um alcoa will be trading above 55 at which point we may no longer own it and if we say to ourselves self if i can make an 8 return in 29 days i'd be okay with that now what if alcoa goes down and you want to you know manage the potential damage to the downside because you know you may say wow this looks strong it's come back it's retested twice it's moving to the upside it you know kind of gapped up on the open today it's up three and a half percent i'm feeling pretty confident but what if it broke back down and at what point would you want out well you might say well it's tr kind of tested this 51 area a couple of times so if we look at this candle here and say okay the low that day was 49.93

it goes three percent below that we want out so 49 93 times 0.97 saying if it hits 48.43 we're going to get out so then how much are we risking on this trade well we'd be risking call it 48.43 we're and this is at 51 so we're risking about two dollars and 50 cents and so if we say okay well we're willing to risk if this is my trading a smaller account account if we're willing to risk up to 500 dollars we could do two of these but we also in this account have said that we can't have a position size bigger than 5 000 and we're at 5100 so we're pushing the top end here so if we said okay well we'll do one we'll do one of these contracts i'm going to come here to type choose first trigger sequence i'm going to come anywhere on these two lines right click and create an opposite order because i want to get out if alcoa in this example goes below 48.43 so i'm going to make this a market order because i know that the the call that we sold will be worth less but i don't know exactly what it will take to close out that part of the trade so i'm going to say i want you to shut the whole thing down if it goes below 48.43

now is there anyone that has never traded this strategy before because you know i'm seeing in the chat we could do a long synthetic absolutely we could do a long synthetic uh somebody else typed into the chat long call vertical could we do a long call vertical absolutely have we done lots of long call verticals this year in long put verticals yes we have now when it gets to our trade page here it's saying how much could we lose 50 103. that's what we're paying to get in it's not recognizing that we put a stop in here to sell this position if it goes below 48.43 okay and it there it also says here that just because we put in an order to sell it doesn't mean we're going to get out at or near that price and and what the td ameritrade may do is manually um try and help you get as close to the best you can when you're getting out which is a good thing but you know no guarantees buy right covered call so that's that one and we'll give that a couple of minutes to fill and i'll make sure that that that fails if it hasn't and we'll follow up on that in the trading a smaller account class but the reason i brought up the p e ratio and somebody thanked me for that in the chat is because we do own the stock and come like so if i put here we did the 55 strike i'm going to switch this back so i can click on this and now if we want to see it on the chart which i find kind of handy i can type in here buy right covered call september 16th and say show me on the right and so if it goes above and and one of the differences between a paper money account and a live account is that in a live account you can be called out at any time between right now when we place the trade and the expiration date um you'll never be called out early in paper money so sometimes we'll go in and if we've got 80 percent or 90 of our max gain we might just choose to exit the position or we could choose to roll the call but if it goes through and it reaches expiration the likelihood is that we would be called out and no longer own the stock and we'd be out and we'd have our eight percent gain and we'd be happy campers and if the stock went up to 60 or 65 we'd still be called out at 55 would have made that return and if you want to have a pity party because you could have made more had you not sold the call um you know this is what we've signed up for so there's no crying in your beer over that one um but what if it goes up and then comes back down and ends up closing let's say at 53 at expiration and we're still in the trade well then odds are although somebody could exercise their writing call us out the probability is that we're just going to get to keep that premium that we sold for the call and we now still own the stock it's trading you know maybe up a buck from where we sold it maybe it's trading at about the same price but we still own the stock now what do we do well we could sell another call we could exit the position we're going to have a look at what's going on in the market in this sector of the market and with this stock and then we'll make a decision going forward now if it comes down below 48.43 we're going to have taken a loss but exited the position and we've got that stop in place okay so if there aren't any questions on that i'm going to go over so you know this clock class is called trading stocks and options and in one trade we did we kind of did both okay let's have a look at starbucks now and with starbucks like so many other stocks you know it's really been kind of beaten up hasn't it um you know if we take a go out to a one-year chart on this you know it was as high as 120 bucks a share and came down to 68. so that's not half but it's still it's still painful um but once again do you see where i drew this line now this is maybe not you know we and we could have extended this line here and called it a double bottom pattern but what some technicians may call this if we get in a little closer time wise and oh we need more time than that it's kind of a cup and handle pattern well actually we can see it here so we had and what's a cup and handle pattern here would be our cup and then here's our handle i didn't draw that very nicely so there's our cup and our handle and it broke out and then we've seen it come up it's broken out again so you know and what we're seeing now is this series of higher highs and higher lows um so it's up trending and the latest pullback appears to have been one day today's candle pattern would be considered to be a bullish engulfing you know when you have a pullback and you end up with this doji type pattern it's a sign if that's happening at a support level that this pullback may be complete and then we're seeing today this engulfing pattern on the candle that may indicate that we're about to move to the upside yeah so if we wanted and we looked at the numbers on starbucks and you know starbucks has been in the press a bit lately we've you know there are some um shops that are looking at unionizing although they've always tried to be an industry industry leader in in wages and in benefits offered to their employees if we come to the analyze tab on this one you know we can see that you know year over year their earnings per share went up almost 80 percent their sales are going up return on equity and assets like these all seem to be pretty positive markers right and it's in the consumer discretionary sector which has been leading the pack um and you know this stock somebody saying it's banging its head against the um 200 day moving average we're finding a lot of stocks up in that neighborhood right now this pays a dividend yield of 2.21

a lot of people are attracted to stocks or at least there are there is a segment of the investing population that is you know finds a dividend yield attractive the p e ratio is 24.88 so it's significantly higher than alcoas but a value investor would look for something in that neighborhood of 20 or below and it's just above that so you know it's certainly a lot more attractive than a lot of the quote-unquote growth stocks out there so we could do a couple of things with starbucks we could just add it to our portfolio if we just said you know this has been up trending it's approaching here's our 200-day moving average you know it hit a three-month high um two days ago so we could just simply add a position um and even in our trading a smaller account account you know we have ten thousand dollars left to invest now i don't know if i already have this in my other portfolio let's go see we do not so in this example we could just add a hundred shares if we felt that this was you know as a strong candidate moving in a strong direction and where might we put an exit and it depends like i often think of my dad who used to say there's a delicate balance when you're raising children between giving them enough room to grow and enough rope to hang themselves and you know with respect to curfews and and whatever and when it comes to stocks we could say well if this goes south i want to get out right away but then the odds of being stopped out are going to be higher versus if we put a stop say back here below where it recently broke out around 85 we're risking more per share but then the odds of it coming and nicking our stop are less and let me show you what i mean by that so if we have our line here at 84.91 and technically today's low would be considered a support level the 10-day moving average has certainly been acting as support and then we have this resistance level which became a new support so if i take that let me just call it 85 to make the typing easier if i put my stop at 82 45 that's one choice i'm writing that down 82 45 what if i said hey you know you're nuts 87 37 i'm going to use that as my support level 87 37 times and if we went three percent below that now you might choose two percent or five percent so that would be 84.74

so how can i tell what the probability is or just get a neighborhood gut feel for what that probability might be of being stopped out well if i came out here and we let's say we look at september i've added something called i want to call it probability of touching so what we're going to do is we're going to customize this and i'm going to get rid of probability of out of the money and we're going to put in probability of touching so what is the probability in the next 29 days of it coming down and touching a certain price level and so if i look at that 84.75 let's call it 85 price level we've got a 64.73 of it coming down and just kissing it just even just touching it for just a minute now the stop of the one stop we looked at was 84.75 so you'd have to say the odds are about 60 percent that we could get stopped out at some point in the next 30 days 29 days now what about that stop at 82 49 let's call it 82.50 well we've got

about a 45 chance it could come down and hit that much much lower and so if you really want to stay in a trade the the more room you give it the higher the odds of your staying in the trade but the greater amount that you'll lose and you know how much could we lose on this well if our stop is at 80 250 we're risking six dollars a share but given that that's below three support levels our confidence is higher of our being able to stay in the trade in addition to the fact that probability wise it's a little higher okay so we're going to come to our trade tab we're going to right click we're going to buy custom with a stop and just say okay if this goes below 8249 i would like to cut my losses and how much are we risking about six hundred dollars in this um account which has two hundred and thirty thousand in it we're willing to risk about twelve hundred dollars on any single trade okay so we're going to fire in the hall and we could do a position size around 16 000 so we could technically probably do 200 shares we're going to be conservative and make it one and so we want to buy a hundred shares of starbucks at 88.50 um we're risking six dollars and five cents a share our stop is at 82.49 and this says you know as i've said ad nauseam today with a stop order it doesn't guarantee if it were to gap down we could end up out lower so we're going to put that in our dividend stock group because it does pay a dividend as we talked about earlier of just over two percent okay so firing the hole on that one and i'll make sure that one gets filled so that's long stop so let's say you have a smaller account you're going well barb this looks like fine and dandy but i have a smaller account and i can't afford to buy a hundred shares well you could buy 10 shares or 20 shares i mean you know you don't have to buy a hundred shares of something the other thing you could do is we could say in this do we already have a long call vertical on starbucks we do not so we could say well we'd like to benefit from the uptrend but we don't want to risk that much so we could come here to starbucks and say well it's trading at 88.50 could i come over to the call side and maybe do the 8750 and the 90 i've got a 43 percent chance of it going through both those strikes um there's a question in the chat about rolling the trade and you know what we'll i don't know that i'll have time to talk about that today but if you come to the trading a smaller account class we'll have that conversation around that buy right that we put in what we're basically doing when we roll a trade is we're closing out the position that we currently have and we're opening a new position at the same time typically to a date further out sometimes if it's a covered call a price higher up okay so with this one if we looked at this 8750 it's it's already a dollar above that we could come here and buy a vertical at the 87.50 and the 90. so what's the most we can make on this trade is dollars and fifty cents and our rule of thumb in this class has been when we have a fifty percent gain we're going to exit the trade so if it's at a dollar thirty three i'm going to take a dollar thirty three and multiply it by 1.5 that comes to 199.50 so if i were to put this trade in i'm gonna say when it gets to two dollars i'm not going to wait for it to get to 250. if it gets to

two dollars i'm going to take that 50 percent gain and say thank you very much and in this account how much can we risk 500 how many could we do that looks like we could do three because we'd be risking 393 dollars we'd be over our limit if we did four so we're going to do a first a single order first trigger sequence we're going to put in an opposite order to say i want to get out when this is worth two dollars and some might say well why not wait until it gets to 250 if you're in it and you're bullish like why get out early and it's because there's been a lot of volatility in the market this year and our strategy has been go for the little win go for the modest win if you know if we were to wait for it to get to 250 um which it might then you know we'd have a dollar gain on a dollar 30 which is a pretty substantial gain let me just grab my calculator here a dollar divided by a dollar 30. that's a 77 percent gain but we're saying you know what we'd be happy with 50. and and especially if we could achieve that and not have to hang out till september 16th for 29 days often with these um these verticals long call verticals we're in this trade for sometimes five six seven days so the goal is to catch it as it's in momentum and moving to the upside so here how much can we make 396 dollars because we have three contracts uh sorry how much could we lose we could lose 400 what's the most we can make 350 and we're saying hey if we can make about 70 cents a contract or 210 we'll be happy and given that at the beginning of this year this account was 20 000 a 200 gain represents one percent of the original value of the account you know so it's nothing to sneeze at if it was a million dollar account well if it's a million dollar account you're likely more willing to risk a higher amount you might be doing 10 of these or 15 of these contracts you know so long call verticals so this is just another way of trying to take advantage of an uptrend and this one is you know it does have a time definition on it and with these also our rule of thumb although we didn't put in an oco order is hey if we can exit this position if it's going against us and we have a 50 loss we will close out the trade the reason that i didn't put that in as an oco order is because early when the market first opened sometimes there's some crazy volatility and sometimes it'll trigger a stop order and we'll end up out at a loss and so that's why i did not include the stock on that and it you may not end up stopped out in a paper money account but in a live account i've seen it happen and so that's why we're just we can just quickly watch these okay and i'll make sure that this gets filled if we come to our working orders you're going hey how come i haven't heard this fill we come down to starbucks oh it's saying you know well we're willing to pay 132 and it's trading at 131 so we'll give it a few minutes but i'll i'll make sure that one fills okay so starbucks oh and our time is up guys there was another stock that i was going to look at but you know what we'll look at that in our portfolio management basics so i think we've done what we set out to do we've actually um we've bought our 100 shares of starbucks we've placed a long call vertical trade on starbucks and then we also did a buy right on alcatrap so i appreciate you being with me today i think we've done what we set out to do um i've talked about our walk through on thinkorswim we looked at you know that we looked at the market and then we placed three new example trades keep in mind that everything we do in this class is for education and example purposes only none of it is to be construed as a recommendation on the part of td ameritrade or myself know that all investing involves risk including the the risk of loss know that in paper money there's a couple of differences one is that the paper money account never pays out those dividends but that they are paid out in a live account not to say that a dividend can't be withdrawn or changed but if it's there it's paid out the other thing is that um short options and we did a short option today are they are never called out uh early in a paper money account and certainly stop losses are not a guarantee um so with that i thank you a huge thank you to cameron may my final request in clothing closing is if you haven't subscribed to the trader talks channel hit that subscribe button if you hit like it shows me it shows cameron and it shows others that may be just finding this on youtube randomly that this is content that you think is valuable if you have any questions and you're watching the archives type them into the chat don't forget to follow cameron and i on twitter up next is trading the trend with the fabulous james boyd i hope you stick around for that and then i'll be back with portfolio management basics take care everyone bye for now

2022-08-23 05:39

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