This is a bonus lesson just to highlight the dangers of trading stocks or options without the use of technical analysis.
Successful trading requires the employment of an objective, high-probability, systematic strategy. Successful traders come in many different types and flavors.
As long as they have this objective systematic strategy and are consistently net profitable over time, I consider them successful.
What Is Your Approach to Options Trading?
Some options traders use pure option analytics (i.e., the “Greeks”) to make money. Some succeed, some don’t. They believe that picking stock direction is a “coin flip,” and that charts and technical analysis don’t work and have no merit whatsoever. Master Trader wholeheartedly disagrees.
Master Trader combines Technical Strategies (MTS) with option trading to teach investors and traders how to generate income and wealth in the markets.
All of our trade recommendations are based on how bullish or bearish we are on the price patterns that we use on multiple time frames (MTF). We then choose either Income or Directional Option Strategies to best match our bias and trading time frame used.
Many of our students and subscribers ask our opinions on various recommendations made by other services. Many of those recommendations conflict with the straight forward approach to trading stocks and options learned at Master Trader.
Our comments are not meant to criticize, but rather to educate our subscribers and viewers to the highest probability opportunities to make money and empower them to make their own investing and trading decisions.
Here are a few recent examples that you can see the charts clearly did not support the option trade recommendation:
Since you have enjoyed this Service, please review the following for more detailed education — and profits!
You can sign up for the Master Trader Weekly Options Trader here. It is designed for the active trader wanting to generate weekly income from high probability short-term option selling, including news, gaps, earnings, and volatility trades around compelling chart patterns.
MasterTrader and You Building Your Financial Future Together
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director of Master Trader
Pristine’s Founder and Creator of the Pristine Method
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter, YouTube, and StockTwits to get real-time updates and education:
Twitter: @GregCapra
Stocktwits: Greg_Capra
youtube.com/c/mastertrader (please subscribe to receive all the timely stock market updates)
