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Today, I have a lesson on scaling out of positions. As a short term options trader, we have to understand continuation is never promised. If we get a move in our favor, we have to lock in profits. Limiting your downside is more important than limiting your upside. This is a form of risk management. We will watch a LIVE TRADE on $AMD from today. If I didn’t scale out of my position, this trade would have went from green to red quickly!
My Trading Equipment
MSI GK50 Elite Keyboard: https://us-store.msi.com/Gaming-Gears/Keyboards/Gaming-Keyboards?product_id=495
MSI Gm41 Lightweight Mouse: https://us-store.msi.com/Gaming-Gears/Mice/Gaming-Mice?product_id=674
Trident X: https://us.msi.com/Desktop/Trident-X-9th
Rode VideoMic Pro+ – https://amzn.to/2UqbeBe
Camera Lighting – https://amzn.to/2yiAtNq
Camera – https://amzn.to/2QWyJ2N
Monitor – https://amzn.to/2Usms8l
Monitor Mount – https://amzn.to/2UFyquk
LIFX LED Bulb – https://amzn.to/3ctu0Oi
LIFX LED Strip – https://amzn.to/3cqJjra
Business: Desitrade07@gmail.com
Disclaimer: This content on this channel has been prepared for entertainment purposes only and is not intended to be used to make investing decisions.You should never invest in the securities of any companies talked about on this channel. Consult a financial professional before making any financial decisions.
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