When to Enter & When to Exit | Trading a Smaller Account

[Music] [Music] ah all right good morning everyone i just realized that i forgot to grab my mic and you know what a few weeks ago i did that and the sound was still good so i guess i have a voice that really carries but just in case i'm going to dawn my mic uh just to make sure i'm coming through loud and clear it is friday morning and it is time for trading a smaller account and um i know we shouldn't have favorites but this is always my favorite hour of the week when we get to have 45 minutes together i call it an hour because really by seven o'clock people are coming into the room and the chat is bustling and there's lots of stuff going on so what are we doing in this class and what are we focusing on today well we are focusing on taking advantage of what is going in on in the market currently and this year our focus has been very tight or very narrow because it has been such a crazy year in the markets we're saying wow i have a certain degree of confidence on what might happen over the next three or four or five days with a particular stalker index but where it'll be a month from now nobody knows and it's been kind of a crazy year but we have enjoyed getting together and making the absolute most of it we have um tons of people already here with us and i always like to start by greeting and i can't begin to go through the entire list guys um but i want to thank all of you who are here with me live to david and larry and kf and uh jules island gal and marcy and david and krishna and vj and ap 514 and lucy and wayne and heartman and the rest of the gang thank you all for making this such a a fun class to be the leader of we also have scott thompson with us in the chat i learned a lot of what i know about trading from scott thompson so i'm always delighted when he can join us um many of you if you've been around for many years know scott um from his days as a coach he's now one of the leaders of the coaches so it's a treat to have him here so thanks for joining us scott if you've got questions don't hesitate to ask because scott um brings a wealth of experience with him and can get you answers lickety-split if i miss seeing your question in the chat if you are watching this in the archives as thousands of people do you two have a voice and you can ask a question or if you love the class you can put a comment in um you know and i do look at those every single trading day so don't hesitate to ask if you've got a question the other way for me to be able to communicate with you and you with me is through the world of twitter so my twitter handle at the armstrong um underscore tda and i'm posting content on a daily basis in the last week or so i have posted you know at least a dozen kind of charts with trend reversal patterns i post toss tips sometimes i just try and make you laugh but it's free and you're missing out if you're not participating okay so having said that let's get through our important information so we can get right out to the platform where the magic happens know that everything we do in this class and we place lots of trades i counted this morning we have 16 trades currently on the books so we are a very active class um but know that none of this is to be construed as a recommendation everything we do is for education and informational purposes only we do a lot of options in this class and 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 we want to make sure we understand what those potential losses are in addition to what the potential gains are before we place any trade and we do discuss those if you are new to td ameritrade you have to apply for both option trading privileges same goes for futures so i'd hate for you to be practicing diligently in your paper money and then go to place your first trade and it won't go in and if it doesn't go in that's probably why okay so and know that all investing involves risk including the risk of loss we place all our trades on the paper money platform on thinkorswim looks like feels like smells like real money there are a couple of differences the biggest one that applies to this class is that a short option will never be called out early in paper money can it be called out early in our live accounts you bet your sweet baby you can and the first time it happens it may be kind of unsettling yeah so okay and the the second thing that applies to us is that you know a stop loss and this is in our live account and in our paper money account is that a stop loss isn't guaranteed to get us out at exactly the price we're requesting particularly if the stock were to go gap up or down we might not get out quite where we were expecting okay so what's on the menu for today well i've got a bit of news and it's probably no surprise to you guys what it is we're going to do a quick market overview um that we're going to look a little bit of trade management and i'm going to kind of bracket that between our new trades because i placed a couple of new trades i ended up filling in at the last minute for connie hill's class yesterday and i'll post a link to that class let me just make a note so that you'll know where it is but we did add a couple of new trades to our portfolio okay and then we're gonna spend the majority of our time as we always do um on placing new example trades also i will be recording another trade management mini session so look for that kind of the middle of next week i will post on twitter as soon as that is available okay okay so that's that so let's go on to my news for the day and that is that um i know that a lot of you guys are seasoned veterans some of you may be attending for the first time and if you're here for the very first time in this class you're joining us for the first time please type a greeting into the chat so that we can welcome you but this is available actually all year round but we're just kind of doing a kind of couple of week blitz to make sure you're aware of it if you would like to book an appointment with a thinkorswim specialist they will give you their undivided attention for 30 to 45 minutes you can create a cr a list of questions you'd like to ask and they are yours and so you know you can have this conversation about how to optimize think or swim for you maybe you've never used the analyze pays page and you find that intimidating that would be me and you want to just become more fluent in the analyze page or maybe you're you're new you'd like to learn more about the monitor tab like whatever it is um you know you can um take advantage of this what they won't do is show you how to fix your trade on devin or tesla or you can't talk trading strategy with them but as far as the platform i think it's cool and it's free so there's a bitly link that i pinned in the chat to the top of the twitter feed or sorry i'll i'll post it on twitter today as well but i i pinned it to the top of the chat feed i know that scott will re-post it it will also be in the comments down below and so you can just click on that it's really intuitive you book an appointment they have dozens of appointments available every day um so there's that and i'm going to actually book an appointment myself because i continue to learn new things about thinkorswim so school is never out for the pro um so scott you heard it you know what's uh one of the items on my agenda now right okay so let's have a quick look at the markets oh maybe we're out of southern okay because that was one of my ones that i wanted to look at today so let's look at the s p so what do we see having had happened here is that if we look at year-to-date we're still down you know and this is not like oh my god i didn't know that like holy smokes yeah this is this is not new news we are still down here today well why are some people saying it is still a bullish market when we're down 11 year-to-date because we have rebounded off the mid-june lows and by how much well we pulled back for a couple of days now but if i take my drawing tool oh sorry brought up the wrong drawing tool um we've rebounded by the to the tune of 20 well now at 17 at one point it was closer to 20 um and and so they're saying well we can now call this a bullish market um you know and we're still up you know 16 17 off these june lows but i would call this an intermediate or longer term downtrend and a shorter turn up term uptrend and what we've seen here is a series of you know when we get in a little more up close and personal you know we we've seen a series of you know higher highs and higher lows you know these are our typical bow flag patterns but it came up kiss the 200-day moving average and looks like it's backing up and we'll have another run at it the bulls would say well we hope so but we haven't seen it yet now we are still above the 30 and we're above the 10 and you know that would warm the heart of any bull is so you know there are those out there that are optimistic that this downtrend is over and then there are others who are waiting for the other shoe to drop so what do we do like do we take our hands and sit on them until the market reveals itself or do we get in and say can we be small nimble and quick to use a line from another coach that is part of my past can we be small nimble and quick and just get in and take advantage of small moves small moves small moves and could we make more money sometimes if we waited for a bigger move we could but the idea is if we take advantage of these small moves so we've done a lot of trading strategies this year that we haven't really done much of at all in the past two years and why is that because this market is unlike the kind of market we've seen the last couple of years now one of the questions that i saw in the chat was what do you consider to be a smaller account so for this class we started the year um my a's keep repeating with 20 000. we we started the year with 20 000. and we said that our max position size was five thousand and five thousand you may say like back the truck up like that is 25 of your total account value yes it is if you had a million dollar account would you you know make it that big not necessarily um you know but but because we have a smaller account we wanted to preserve the right to buy a hundred shares of a stock that cost 50 or less and be able to sell a covered call do a buy right covered call strategy have we done this a lot this year we currently actually have three or four positions in our portfolio now but most of the year most of our um of our account has been sitting in cash and we've done a lot of very short term trades um but probably 75 to 80 percent of our account has been sitting in cash and then our max risk per trade oh well there we go those were the three trades i wanted to review go figure um okay so we started the year with twenty thousand our max risk per trade um is five hundred dollars and that represents just under two percent of our account value at the beginning of the year was 400 now we will even if the account goes up to 40 000 we will not increase our risk per trade much beyond this 500. and the idea here is that we won we don't want too many eggs in one basket and the and the other thing is at 500 we're risking about 2 percent and and we've done very well in this account so far this year at 31 000 well if i get my calculator out 31 000 divided by 20 000. you know we're up 55 percent year-to-date and given that the s p year-to-date is is down 12 we're certainly outperforming the benchmark and in the past we've traded a lot of tech stocks so how's the nasdaq doing well it year-to-date is down still closer to 20 and if we look at you know again why are some people saying that it's now in and you know in an uptrend because it's up 21 off its lows and so you know but it remember you may have seen this before but just in case you haven't if you had a hundred thousand dollar account and you know shades of 2009 it got knocked to 50. at that that's a 50 loss right but you have to increase it by a hundred percent so it took you 50 percent to get down here but it takes you a hundred percent to get back to par and so that's why in spite of the fact that you know we have this 20 percent gain we still have a long ways to go to get us back back to par okay but again we're seeing higher highs higher lows you know the bulls are optimistic but we still haven't crossed this 200-day moving average which is a significant marker and um you know like i said some are are convinced that the downtrend is over and others are waiting for the shoe to drop and in the meantime you know we're going to just focus on what's happening right in front of us and that's what we have have done all year when we look at the russell um now it was the first one to cross but it hasn't stayed there and today it's breaking even back below the 10.

so down a percent and a half out of the gate now this is a live candle who knows where we'll be by the end of the year but it's had a really nice move to the upside also and this is a classic bull flag pattern that is continuing to set up now the dow as of yesterday was the only one that was still above the 200-day moving average and it's sitting right on it but what we can see that is particularly heartwarming for the bulls here is that we have this index that has been trading in this downward range pretty much like since the beginning of the year it hit this high and it's been down trending in this wide range ever since came down to 296 and then it's just been moving up the hill and actually broke above this diagonal resistance line and it is still sitting on the 200. so you know that's bullish too now i'm not going to spend time going over to the td ameritrade.com but you know i am signed in here and you know you can come to research and ideas and then come over here what this will tell us is we have a day of pulling back especially if utilities is in the league that means the conservative people have elbowed everyone else off to the side but over the last 30 days it's really technology and consumer discretionary that have been leading the pack again and if you come to your market monitor tab it'll tell you that you know and today you know just at a glance are the majority of stocks pulling back they are so what does that say for us well if we're expecting these things to rebound one thing it may say is we may want to check some of our bullish positions and you know snatch victory from the potential jaws of defeat you know take our money and run the other thing it may show us is that maybe some conditional orders are in our future um you know and if we look at this last 30 days it seems to be taking a minute a lot more green on the screen right and led by consumer discretionary and technology okay so let's go and look at we had a lot of pinging going on and oh it's saying filled one order so we're out of devon and was that good news or bad news um devon if we come to our account statement and we say okay let's just look at devin because we do place a lot of trades we got in this one for a dollar 77 and we just hit our target which was 265 and we also ended up out earlier and i'll cover this in our trade management mini session but this one we just got out of this morning and we were up by how much well if i take a dollar 77 and subtract it from 2 65 that's 88 and you may say well that's not much well 88 divided by 1.77 that's 49.7 and that was planned we said

you know if we have a 50 gain we would like to exit the position and you know we did two contracts and so you know whatever that number was um you know that was times two um so you know that was a nice gain for us and when did we place that trade on the 12th so last friday we were in it for one week there's another one that i wanted to look at and that was southern and southern you know we can see here at a glance what's doing well and what isn't well dated dog we're down by 60 percent so we may want to exit our position on datadog and if you don't have this po percent in here um you can easily add it just come to your sprocket and type in p uh slash l and choose pl percent add item and then okay okay so we can add a glance go have we got something that's close let's go look at southern so southern is hitting a new high today but we've got a candle pattern that you know it may continue to move up or it may be topping out if the market is in general pulling back where are we on southern well we've got a you know we got in for 121 that was our price we're currently sitting at 175 so where's our exit probably 185 let's come up and look so southern our exits at 185 well we're 10 cents away maybe we say you know what we've done that too badly on that one and maybe we ought to just take it and here we have both a target and an exit so what we're going to do to manage this and i had a couple of people ask me how do you you know exit a vertical position so we're just gonna cancel this whole group so now we can see our exit orders on southern are gone we're going to come back to the monitor tab and say okay you know a dollar 75 that's a pretty nice return we're up you know 50 what 59 cents one seven plus 121 yeah we're we're up about 200 dollars well we can see here 196 now we're up about 200 on this trade which given we started the year with 20 000 that would be one percent of our our account value right um you know our beginning of the year account value so we're going to create a closing order so we're just right clicking on the position creating a closing order to sell that vertical that we bought 170 confirm and send this will close out the position you see it says here to close it doesn't say to close then something is amiss okay okay and we're out for 170 yay so we've taken an unrealized gain and turned it into a realized game the other one that i wanted to look at because i don't want to come back next week and have somebody say well when did we get out of date a dog now dated dog let's just go have a look at the chart maybe it's sitting on a support level and we want to hang in there okay so we probably placed this trade when it broke out you know when we come in and look here because it was trading in this range for quite some time and now it's kind of broken through and it's it's down four percent today and so we have had a couple of experiences with taking a max loss on these and and so if we look at this and we say okay we want to exit this when it gets to 405 um yeah right now it's trading at 114 and we have two of them so how much more could we lose on this we could lose another 225 dollars and given our account size that's a lot of money so we're gonna say yeah i don't think so you know this isn't going in the right direction so we're just we could either cancel and replace this or we can just cancel it so if we say okay we want to cancel and replace because we just had the single order in here we're going to open this up it's saying it's worth 112. we could get 112 for it and we're going to say you know what we're going to take our loss on that one and how much of a loss well if we come back you know to the monitor tab we paid 275 so we're down over 50 on this one but better to be down over 50 percent than to be down a hundred percent okay so we we exited two four again and one for a loss and when particularly when we're exiting something at a loss i think it's worth going back and having a look and saying well when did we get into this trade and so if we come back and we're just going to take a minute on this if we come back here and we say okay let's bring up datadog um so we got in here for 275 we're getting out for 115 okay and when did we get into this trade last thursday so if we look at the charts and say august 11th it was this day that we ended up in the trade and my guess is if we were probably up when we got in that it was probably early in the day um so if we got in this on the 11th did that make sense well it had broken out and and so you can say yes it made sense and then did we exit before we had a max loss we did and this one if we're going to you know draw colors on the chart i'd make that one you know red to indicate that it was a loss um this one was not an atr trade this one was a um a long call vertical and kind of our our deal on this one on the long call verticals i'm not tending to put in and maybe we should have a little conversation about this so i haven't been putting in the exits generally speaking because what i have found is that sometimes right when the market opens there's a lot of volatility before the market kind of settles in and it'll come down and nick ours our exit on a long call vertical and then it will continue to go up and so if you have that pl percent in there you can have a quick look and if it hits a 50 loss then you know that it's time to exit or even if it's hitting 30 or 40 percent you might say time to go have a look because better a small loss than a larger loss now on if we do the one atr i in all honesty haven't been going in and adjusting the stop daily but that's what we should be doing if we're following that mid management plan was at the end of each trading day you go in and you snug the stop up to 20 when it's a bullish trade 20 cents below the low of that day's candle so that if it does pull back you're out quickly okay i want to go to some new trades so one um yesterday we added a long call vertical on starbucks so if you are not and i'll put in a link to that call or to that class that i covered yesterday but we did a long call vertical on starbucks and so and we did that at the 87.50 and the 90s strike and we can see starbucks has pulled back a little bit and so some might say well i'd rather wait for the bounce and we could do that we'll probably look at this for a one atr potential trade on monday um but you know this is a stock that has been up trending quite nicely you know for the last couple of months you know if i come in here and we look at a three-month chart whoa that's just straight up hill how about six months yeah you know it hit this low back in may and it's been kind of moving to the upside since and so we did a long call vertical there the other thing that we added was a by right on alcoa now alcoa oops not triple a double a so we did a buy right at 55 and here's another stock that has been you know it we've got an inverted head and shoulders pattern here it broke out came back to retest but it's kind of been lollygagging a bit in this you know now that it's broken above the 51 it stayed above 51. but so we picked this strategy why because it's less directional than doing a one atr and because um we said we were okay with owning the stock it's around fifty dollars so if we come to our monitor tab and we scroll down to our buy rights we can see that you know this positions position was added yesterday we paid 53.75 so we're down a little bit today

on the on the stock but we've gained on on the option and the idea here is to be called out come september 16th or you know ahead of time now we'll never be called out early in a paper money account but if we are called out that will represent a seven and a half percent gain and so like i said i will put the link in um to this class and and i said i do that i can't put the same a link to the same class in twice so you'll see it around the seven minute mark um to that that class where we did that trade yesterday so we've added alcoa um i wanted to look at and and who knows you know how things will be looking this morning but i thought we'd look at google and okay so google had broken above and was i i posted something yesterday saying it's trying so hard to break above um this and i called it like a double double bottom otherwise known as a range you know because it's come down one two three four times well looks like it could be coming down for a fifth time so we won't be doing a trade on google this morning as i had thought we might so we are going to come and look at mcdonald's now here we have mcdonald's and we have a long call on mcdonald's but could we add a you know long call vertical and this is just kind of sitting here now some might say this might be a good opportunity to do a short vertical and why have we done so many so few short verticals this year and the reason that we've done fewer short verticals is we tend to be in those for two to three weeks and the average amount of time we have been in a trade this year has probably been less than a week but we could go in and we could try that and say like could we do something under this 264 level um so that even if it hangs out and goes sideways you know with a short put vertical as long as it stays above our our short strike we'd be okay now with mcdonald's when i come out to september we'll see that these strikes are ten dollars apart and so i wanted to be below what 264 so that would say 260. and we've got you know not a ton here so but you know could we do the 260 and the 250 now we're risking here 10 less what we're getting paid to get into the trade so chances are um to go out to september is not going to be an option because our risk is over 800 dollars so it's like okay well that won't work well how about if we came out and we'd prefer to really be 20 um 21 days anyway could we do the 260 delta of 28 the 260 and the 255. typically we want to get a dollar or more we want at least a 25 return on our risk here we're getting 86 cents and kind of our rule of thumb is if we're in the trade for 21 days we want at least 21 but 80 cents is it's a little thin you know and how much are we risking well we're risking 419 dollars you know if i come to confirm and send so 81 419 he had no so you know that's not a great payback right we're on our long call verticals we're looking for a 50 return now with so if we scrap that and we come back here and we say well the market is taking a breather today mcdonald's has been moving very nicely to the upside it's up again now now you know it's been up again down again so it it's one of the few stocks that has been up now who knows where we'll be by the end of the day but if we were still bullish on this it's at 266 right now so could we maybe do a conservative long call vertical and by that what do i mean well maybe we'll pick the first strike in the money and we've done a lot of that this year where we're saying okay we would like to buy a vertical and it's 265 and 270 so how much does it have to move up for us to break even it has to move up to 267.41 so not even a dollar and we've broken even you know well this is by september 9th and so if we're looking at that and saying well you know what that looks that looks reasonable then we might say okay well now if that's reasonable and it's at 243 if we can risk 500 how many of these can we do we can do two because what's our theoretical max loss it's the entire amount that we're paying to get in and we are going to put in an exit and say hey when this goes up by 50 and how do we calculate that i'm just going to take my 243 and i'm going to multiply that by 1.5 and i didn't put the decimal in so if it gets to 365 we want out and in the meantime we're going to have a quick look at that kind of on the daily and if we see that it's gone down by 50 we're also going to exit i love how you guys help each other out in the chat um somebody's talking about what it takes to be able to get option trading privileges so confirm and send we've got two how much are we risking 486 dollars so that's two contracts plus there's a transaction fee and we want to exit if it gets to three or if when it gets to 365. now we're

going to keep our eyes open and if it goes down to about a dollar 20 we're going to close out the trade like we did with datadog and then we're going to put that in our long call vertical group okay and this time we did a weekly now what's the advantage of the weekly well one it expires a little earlier so as long as it's bullish it will get to our target hopefully faster price wise but if it goes against us we have less time to recover also with a weekly we tend to have lighter trading volume and so you know sometimes it can be a little dicier to exit the trade okay so fire in the hole we're sending that one in okay i wanted to look also at vichy and i will i will go in and i'll make sure that one gets filled for us which screen view this i'm not familiar with pro trader i'm using plain old thinkorswim so v she is now pulling back so this is one and this is a stock you know it's at 34.83 um and it's one that we could afford to add to our portfolio but it's broken below the 10-day moving average so we're going to wait on that one until next week so yes i'm showing a light background and i make for each type of account i have i make it a different color background and if you want to change the color on your background just go to the sprocket and you can come up here to appearance and then you'll see here background i made it gray if i wanted i could make it pink or blue you know and the reason i did that is you know if your live account is a different background than when you're in somewhere and you think you're practicing and you're going ooh the screen is blue um that must mean i'm in my live account um you know but i just find it also kind of easier on the eyes and i kind of like this light gray but yeah you can make the background anything you want i find the white is kind of bright and i find the dark well the black is uh yeah it's pretty high contrast okay so let's have a look at a couple of other stocks let's look at microsoft one of the disadvantages of being first thing in the morning is that sometimes it's hard to tell and i mean here's something kind of a bit of a sloppy inverted head and shoulders or it was in a range you could say it's broken out and it hit that 200-day moving average and it's pulling back so we still have an uptrend here are we surprised to see it pulling back given we just had a dividend announced not necessarily but it'll be interesting to see if this holds so if we were to place a trade here we would do that as a conditional order and we might just wait i treat the monday long options class as a companion to this class um and so we will you know sometimes discuss and place trades in this account on monday now with apple the difference with this trend is it has blown through that 200-day moving average and waived farewell we now have this 30-day moving average about to cross the 200 and we haven't seen a lot of that happening and apple is still helpfully above this 10-day moving average and so if this moves up if we wanted to practice placing a conditional order which we haven't done a lot of in this class we could say hey if this goes above 173.74 say by 50 cents so call it 174 24 would be our entry then let's place a long call vertical trade now how can we be certain and we could do you know we could do this 172 175 oh well actually let's come out here we've got tons of volume here even on you know the weeklies because this is such a heavily traded stock i mean thousands of contracts but if we come out to september we have a five dollar widespread can we manage that we could and we could either do the 175 180 now we know like if i do the 170 even right now the 170 75 we're almost at three dollars on a five dollar wide spread that's what it would cost us to get in if we do the 175 this is more aggressively bullish in that it has to go above 180 for us to have our max gain what we're typically typically looking for is about a 50 percent gain so we might say okay let's do this 175 180 right now that the price is 191 but if we said hey you know what if this goes above 174 we know it'll be higher but it it's it's probably not going to be three dollars um and we're just guessing on that but if we said okay we could do two contracts on this and we are just going to make this a market order that's good till cancelled and we're going to and it's saying a market order must have date time and force that's unless we put in that condition and the condition is we only want to enter the trade if it goes at or above 174 24.

and then once we get the notice that we're in then we'll say okay 174 24 um then we'll go in and put in our exit depending on what we have absolutely paid it's saying our max loss here is 394 dollars that's based on the current price of this spread but we are only going to get in if apple goes above 174 24 and we would put that in our long call vertical group does that make sense now did we go and exit did we look at southern because i know that we're almost out of time but southern we were very close okay yes so we have exited southern and it may have actually just exited without our intervention um but that one hit our target as well and that one we were also out on for a profit so when we look at southern and i can cover that in a little more detail in our trade management mini session we have done two of these in the last 75 days but the most recent one we got in for 120 out at 170. so we were up by about 200 on that yeah we did discuss that sorry i'm having a a small mental mental blip there so guys that's it for our class today have we done what we said we were going to do well we looked at our thinkorswim um offer from td ameritrade we had a quick look at the uh at the markets we managed a couple of our positions so this morning we got out of three trades look for a new trade management mini session sometime the middle of next week and then we reviewed some new trades that we put on on alcoa on starbucks and we added a trade on mcdonald's and a set up for a trade on apple um the notifications for the trade management mini sessions you can just keep looking in the archives so if you come if you come out and just open up a new tab and go to youtube and so this is a really nice segue let me just come in here so this is a nice segue because if you haven't subscribed to our channel you're going to want to link arms and subscribe you're also going to want to hit the like button it lets not only me know but it lets um other people know who are exploring things on youtube that you find this content valuable but if you just come here to youtube and type in trader talks by repeating a again from web webcast from td ameritrade and then you're going to click on that green dot you're going to come to playlists and it will they will either be in the long options section or they will be in so here if we come to long options or the trading a smaller account now this next one will be in the trading a smaller account but if we come to view full playlist you'll see here was the latest trade management mini session and there was kind of a perfect storm this one took longer to post than it normally does um but you know we've got a new system in place and and if i record it today we'll see it by the middle of next week and i will also post on twitter with some kind of crazy gif okay so that you'll know that to come and look and i'll let you know where it's posted i'll also just post a link to it so that it's easy for you to find but know that everything we do in this class is for education and informational purposes only none of it's to be construed as a recommendation on the part of td ameritrade or myself know that all investing involves risk including the risk of loss know that options aren't suitable for all investors there are special risks inherent options trading so huge thank you to uh scott thompson for filling in today and thank you to each and every one of you who make this class so much fun to teach and for showing up live to those of you in the archives again if you have any questions don't hesitate to ask um and let me know you know if you are putting something in the comments if there's something you'd like to see more of or less of or presented differently i do read each and every comment and respond to them and you know we do this for you so have a really awesome weekend everyone take care and i will see you in long options monday at high noon up next will be getting started with stock investing so i hope you'll stick around for that take care everyone bye for now

2022-08-21 14:50

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