Why I Trade for Singles & Doubles Instead of Home Runs

view original post

When all around you hear about fortunes being made in Tesla (TSLA), or anything crypto-related, it becomes tough to stick with your knitting basic trading.  The word ”basic” itself has now become a pejorative label for someone who doesn’t know what’s going on.   

Admittedly, I have no idea what’s going on within many pockets of various asset groups; so call me basic. Just don’t call me ”extra,” which is apparently the term for someone who’s overly dramatic.

[Special Offer] Click here and take your test drive to the Options360 concierge trading service.

Did I do good using those terms, fellow young people? 

I guess the point I want to get across is at this stage of my trading/investing career, I’m not interested in reinventing myself.  I always want to learn and will continue to stay on top of news and trends as best I can. However, I ultimately need to stick to my knitting of finding quality setups and taking my gains and losses as they come and go.  

A recent example of that is an Options360 trade where I took a bullish position in Advanced Micro Devices (AMD) yesterday.  Here was the setup described in the Alert sent to members. 

AMD had blowout earnings last week but the stock responded with a “meh.”

The company is positioned to benefit from autos to the metaverse.

It has now retested the old high reversal around $118ish and today has a nice igniting candle.

[$19 Blowout Sale] Access the top-secret trading techniques you need to profit in Options Trading.