Hello everyone,
Volatility is very low and after going over my watchlists (full chapter step by step coming up in future course) there are 0 trades I like to get that are good from a risk/reward ratio.
You will learn with time that most of my trade ideas come up between day 40-60 to expiration and then I chill till day 20 with a lot less trades and from day 10-20 I manage and close the trades or let them expire worthless.
No need to trade every day, this isn't a gambling channel. Let the trades you took in the past 2 weeks work in your favor and let time decay do its thing.
Side note - If you're looking to short the spy or thinking when this insane bull run will stop for a bit the Keltner channels to the extreme on my settings aiming for $630 so another 3-4% rally from here till we get to the top of the insane top.
P.P.S. - I've never seen spy at those extreme levels. Never. It seems like every new trader thinks this market will go on forever with not even a slight correction and they are due for some major wake-up.
If you look closely at the picture you see every time it got close to the extreme we went down so something to keep in mind.
Another side note - to hedge against such risk I will have a full chapter on an upcoming advance course after the basic one goes live that will include the black swan hedge trade idea and how I put it on once a quarter.
Have a good weekend everyone, this is a new group and it's starting to take on a life of its own which is good and I must say it feels much better than FB groups.
Let me know your thoughts.
Ziv