Market sentiment is currently towards the downside. However WBA looks good for a trade towards 24.5 level. Beginning of December Expiry *options*
Remember, the hardest trades are the good trades. For me thats when I jump in on an opportunity before the rest do. I dont look for too many confirmations to get in. I think too many confirmations kill profits. However this method of execution requires high discipline and most importantly, risk management. I am jumping on OTM calls to have my max risk at check, in case the trade doesnt materialize to what I expect it to.
Another important note: Your viewpoint on the market has to be based on what it is showing/giving you, not what you expect from it. Dont be too stubborn on your take profit levels, and be firm on your hard stops. Be comfortable with the risk you are taking. Its nothing but a game of probabilities.
#options
Remember, the hardest trades are the good trades. For me thats when I jump in on an opportunity before the rest do. I dont look for too many confirmations to get in. I think too many confirmations kill profits. However this method of execution requires high discipline and most importantly, risk management. I am jumping on OTM calls to have my max risk at check, in case the trade doesnt materialize to what I expect it to.
Another important note: Your viewpoint on the market has to be based on what it is showing/giving you, not what you expect from it. Dont be too stubborn on your take profit levels, and be firm on your hard stops. Be comfortable with the risk you are taking. Its nothing but a game of probabilities.
#options