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#OptionSniperRules
# FOCUS on few names others hiking none of ur biz
# learn CHART to know key pattern/level
# PROGRESSIVELY lock gains / take loss
# CASH OUT gains to bank acct often
# do NOT keep growing acct
# set BASE for trading & rest acct untouched
# DROP $-making mindset
# FOCUS on few names others hiking none of ur biz
# learn CHART to know key pattern/level
# PROGRESSIVELY lock gains / take loss
# CASH OUT gains to bank acct often
# do NOT keep growing acct
# set BASE for trading & rest acct untouched
# DROP $-making mindset
FOCUS on only few names all yr long so other names hiking none of your biz. should have two list - watchlist and trading list. watchlist can change a few times/yr based on mkt conditions or trend of sector. tradelist is way smaller - based on particular chart patterns.
chart learning is a MUST for options trading. many formations/patterns out there but you don't need know them all. start from basics - e.g. rising/falling wedge, bullish/bearish flag, (inverted) H&S, ascending/descending/symmetrical triangle. also look at charts at ALL time frame
