Ok, that REALLY helps this newbie. Marrying the charts visually to the strategies gives me a great picture and explains so much more than anything else. Keep em comin.
I think I get what you are saying and you make a very good point as I am already falling into this habit of using one strategy because it “feels” safer. Only comment, as a new guy, it is easy to pick the “best strategy” after the fact, heck I think I could even do it. My problem is doing it real time. That said, I get your point and will definitely try to keep it in mind. 🙂 PS: I love these videos. Thank you.
So, generally speaking, when a stock is trending consistently higher a call spread is the likely candidate; when a stock has rolled and may trend lower a put spread may be the candidate. If that’s correct, what do you do when the stock is trending sideways?
Also, what is the little blue indicator on your chart?
Ok, that REALLY helps this newbie. Marrying the charts visually to the strategies gives me a great picture and explains so much more than anything else. Keep em comin.
I think I get what you are saying and you make a very good point as I am already falling into this habit of using one strategy because it “feels” safer. Only comment, as a new guy, it is easy to pick the “best strategy” after the fact, heck I think I could even do it. My problem is doing it real time. That said, I get your point and will definitely try to keep it in mind. 🙂 PS: I love these videos. Thank you.
So, generally speaking, when a stock is trending consistently higher a call spread is the likely candidate; when a stock has rolled and may trend lower a put spread may be the candidate. If that’s correct, what do you do when the stock is trending sideways?
Also, what is the little blue indicator on your chart?
Cheers
Jack