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This ONE Rule in Options Trading Saved My Profits · Earn Your Leisure

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  Speaker 1: So let's let's go talk about back to options if
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  Speaker 1: we can, because people have questions. So the first question
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  Speaker 1: is is this time to take profit on things?
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  Speaker 2: On?
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  Speaker 3: If you're up on an option, and.
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  Speaker 1: You know, obviously things can move very quickly in that world,
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  Speaker 1: So is it time to start taking profit? Lock in profit?
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  Speaker 4: I think you lock in profit, you have that story
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  Speaker 4: before you even invest, right, but right now today, well
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  Speaker 4: it's individual case, right, So for.
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  Speaker 1: General general purposes, if people are if people are up
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  Speaker 1: on the options, because you're either upp you down right,
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  Speaker 1: So I'm gonna ask the question for people that are
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  Speaker 1: down next for people that are up. People that are
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  Speaker 1: up right, and they might have already taken some profit.
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  Speaker 1: They might have already did that. The one hundred percent
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  Speaker 1: straight they already did that. They have four contracts, they
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  Speaker 1: doubled their money, they already took out two contracts. There,
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  Speaker 1: they have two contracts left, but they're still up, you know,
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  Speaker 1: over one hundred percent. Is it time to do another
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  Speaker 1: one to lock in profit? Because of the uncertainty in
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  Speaker 1: the market, at least at least you've locked in some
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  Speaker 1: level of victory. You can sit on the cash and
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  Speaker 1: try to figure this thing out until we get some guidance.
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  Speaker 4: A couple of things. Number one is how much time
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  Speaker 4: do they have inside those contracts? Second thing is you
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  Speaker 4: lock in your profit before you invest, right, And what
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  Speaker 4: I mean is like everybody's not trying to get one
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  Speaker 4: hundred percent. Some people might be trying to get twenty percent,
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  Speaker 4: and that's great. Did you get to twenty percent?
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  Speaker 3: All right?
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  Speaker 4: You took out your profit. You may have left the
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  Speaker 4: rest of a few contracts in there to appreciate. Well,
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  Speaker 4: what's the strategy on the backside? Right, Like, we're not
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  Speaker 4: at one hundred percent anymore, but now we're pulling down.
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  Speaker 4: So what's the threshold now? Is it fifty percent?
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  Speaker 3: Right? So I can right, so we don't get back
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  Speaker 3: to zero.
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  Speaker 4: Right, So you start taking profits when you start to
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  Speaker 4: see depreciation.
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  Speaker 3: Now when you go negative. Right.
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  Speaker 4: So some people are like, wait, I'm down eleven percent,
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  Speaker 4: I'm down twelve percent, I'm down twenty percent, I'm down
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  Speaker 4: thirty percent. Well that's why we have our stop laws, right,
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  Speaker 4: So before we enter the trade, we have our stop laws,
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  Speaker 4: whether that's thirty percent or forty percent. Some people don't
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  Speaker 4: put their stop laws right, Like, I am guilty of that,
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  Speaker 4: Like I didn't always put my stop laws because I
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  Speaker 4: was putting time on these contracts like everybody EUIL. I've
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  Speaker 4: been huge on Uber. That contract was down forty percent,
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  Speaker 4: fifty percent. That contract is out to December of twenty
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  Speaker 4: twenty eight. I'm not thinking about it the same way
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  Speaker 4: that I would if I was having a contract that
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  Speaker 4: was expiring in April of this year. Right, and so
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  Speaker 4: that time factor, all that has already been predetermined. Right,
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  Speaker 4: I'm putting time on it. I'm staying close to or
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  Speaker 4: at the money. More recently, I've been buying in the
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  Speaker 4: money because of the volatility. So all those strategies are
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  Speaker 4: implemented before you even make the trade. And so when
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  Speaker 4: you now when you start to see depreciation, you start
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  Speaker 4: to see some pullback that I hit my profit margin
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  Speaker 4: that I wanted to take money out at. Yes or no?
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  Speaker 4: As we go down, what is it? Is it seventy
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  Speaker 4: five percent? Is it fifty percent? Is it twenty percent?
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  Speaker 4: I'm gonna get an ask you what was shot?
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  Speaker 3: Pause?
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  Speaker 2: Okay, if you are undisciplined, yes, it's time to take profit.
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  Speaker 2: If you just hit market and got in anywhere because
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  Speaker 2: you was told the market is going to go up, No,
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  Speaker 2: matter what, and you have no plan or playbook for
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  Speaker 2: how you're trading, you it's time to pack it up,
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  Speaker 2: take your profit. Now you need to reassess completely. But
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  Speaker 2: we are a choice talking to a very disciplined and
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  Speaker 2: so am I a very disciplined investors. But for those
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  Speaker 2: of you who just scrounge up some money, didn't care.
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  Speaker 2: You just lighting up at night and just got you
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  Speaker 2: like five contracts, my brother, it's time to be disciplined.
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  Speaker 2: And this market is going to be tougher than ever
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  Speaker 2: until this war is over. Now it's not playtime when
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  Speaker 2: it comes to trading.
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  Speaker 3: Yeah.
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  Speaker 4: And the reason why we started with that as a
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  Speaker 4: tip is buying the time is because if this is
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  Speaker 4: your first time investing, you're not coming back when you
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  Speaker 4: see something like this, absolutely, like if you invested for
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  Speaker 4: the first time in the past two months, it feels
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  Speaker 4: so discouraging because wait, hold on, this is the first
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  Speaker 4: time I'm doing this. I can't recover from this. How
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  Speaker 4: do I come back from this? But that's why I
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  Speaker 4: have in those thresholds before you ever start. Have those
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  Speaker 4: thresholds because you might see We'll use Micron for example, right,
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  Speaker 4: you might see Micron go up to four to sixty.
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  Speaker 3: That was pulled down the three twenty today.
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  Speaker 4: But somebody sitting in that contract saying, all right, well,
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  Speaker 4: I didn't invest yet, this might be a good time
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  Speaker 4: for me, right, or I took some profit. I'm gonna
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  Speaker 4: as it is pulling back, I'm gonna wait to get
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  Speaker 4: back into it. I might get a call out even
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  Speaker 4: further like I did that. I'm like, wait, I don't
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  Speaker 4: have any in December twenty eight. Let's see if it hits,
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  Speaker 4: if it depreciates it even more like it was forty
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  Speaker 4: percent today, I was on a plane. I did get
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  Speaker 4: to see the Probably those same contracts are probably down
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  Speaker 4: fifty percent. I'm looking to get out into twenty twenty eight.
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  Speaker 4: I'm two years out, all right, Yeah? Is it still
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  Speaker 4: the company I believe in? Is the story change?
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  Speaker 3: No?
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  Speaker 4: Right, I don't care if sk high Neex becomes publicly
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  Speaker 4: traded here in the United States. I understand the story.
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  Speaker 4: Even with Google, Even with Google making the announcement about
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  Speaker 4: Google kuwand and how that might change memory. Well, if
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  Speaker 4: you look at the history of Google, a lot of
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  Speaker 4: their products are used for internal employees.
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  Speaker 3: It's the consumers get ahead.
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  Speaker 4: Yeah, it's not it's not enterprise face and hey, we're
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  Speaker 4: making these products so you can buy them. It's hey,
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  Speaker 4: we're using them so we can get ahead and stay ahead.
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  Speaker 4: So the story doesn't change. The companies haven't changed. The
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  Speaker 4: opportunities and the prices and points that we get them.
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  Speaker 4: That will change, but we got to make sure we're
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  Speaker 4: on the right side of it.
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  Speaker 1: So what's the recommend to stop laws?
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  Speaker 4: Ah, I would say safety is probably anywhere between twenty
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  Speaker 4: to thirty percent. They've watched me do further What companies
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  Speaker 4: am I going further on in video?
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  Speaker 3: Right?
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  Speaker 4: Well, I go fifty per of course, I'm gonna go
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  Speaker 4: fifty percent in video Micron, I've done fifty percent and
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  Speaker 4: they've seen it before.
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  Speaker 3: We have gone fifty percent.
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  Speaker 4: If it's a company, I understand a story and I
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  Speaker 4: clearly see it.
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  Speaker 3: Yeah, I said it a little further.
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  Speaker 2: Out and it's ain't the time for us two times
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  Speaker 2: no stop loss. No, we're not in that market like
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  Speaker 2: chill if it's not an excellent company for my futures
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  Speaker 2: traders because some of you are taking your your stops
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  Speaker 2: off and you're trying to ride it through the London
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  Speaker 2: through American session.
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  Speaker 3: But things can change.
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  Speaker 2: So fast, and make sure that you have your trades
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  Speaker 2: in place, and for my futures, traders record your trades
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  Speaker 2: because if you get stopped out, you can't tell them, hey,
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  Speaker 2: my stop was at this level and you feeled me here.
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  Speaker 2: You're gonna have to send in evidence so that they
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  Speaker 2: can verify it. And on top of that, credited back
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  Speaker 2: to your account because even the slippage and your stop
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  Speaker 2: loss may be deeper than you you want it to
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  Speaker 2: be because of the volatility.
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  Speaker 3: Be mindful.
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  Speaker 4: Yeah, it's important, and that's why I said nobody celebrates
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  Speaker 4: on the negative side, it's like, oh my gosh, this
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  Speaker 4: Disgui's phoning.
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  Speaker 3: Yep.
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  Speaker 4: Well, the same micron call that was down fifty two
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  Speaker 4: when I posted that, it was up two thousand percent.
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  Speaker 4: Everybody cheers, Why right, It's because there was the vision
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  Speaker 4: was there, but we understood the story. Were there a
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  Speaker 4: lot of people and shout out to everybody that that
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  Speaker 4: made gains on that. It's because of the discipline. It's
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  Speaker 4: because we bought time for that to have a reversal. Right,
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  Speaker 4: we can't predict volatility, but what we can do is
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  Speaker 4: by time to combat it.