New Recommendation to CLOSE OUT
Notice on bought options: If for any reason you are unable to close your position at the price mentioned above by the 3:45 pm EST, we would recommend that you place a:
MARKET ORDER to “Sell to Close”
to ensure you are out of your positions prior to the close of the market.
TRADING RULES the PROS USE
Trade Small but Often : This will spread your risk out, rather than going heavy on any one trade. Remember, “Pigs get fat, hogs get slaughtered. So, don’t be greedy!
The Fear and Greed Factor : Trades sometimes go both directions before they really start to move in your favor. Don’t be fearful if that happens. If you bail out too early you lose out when it turns around. We do all the hard work, and we will monitor the trade to maximize your gains. That said, “you don’t go broke taking profits”.
Fixed Percentage vs Fixed Dollar amount: We recommend putting somewhere between 1% to 4% maximum of your trading capital on any one trade.
Additional instructions: We strongly encourage you to read the entire handbook in your account. Familiarize yourself with these rules and the other helpful tips and information inside your manual. Understanding the concepts within will help set up the proper expectations to trading and assist in developing good trading practices needed to help enhance your overall success!