Need Help? Type Your Keywords Here (eg. Buy Calls, Bear Spreads, etc):

30 Minutes a Day

We do the following in 30 minutes:

Minute 0 to 5:

• Switch on the computer
• Activiate Charting Software

Minutes 5 to 10:

• Decide on market direction: is the market looking bull, neutral or bear?

Minutes 10 to 15:	• Select Stock Options using Swing Trading Analysis.
Minutes 15 to 20:	• Determine Entry prices • Determine Initial Stop prices • Select Options. • Run Money Management Checks • Put instructions into our brokerage trading platform • Alternatively, give instructions to our broker
Minutes 20-25:	• Access our brokerage trading platform, • Check our existing positions (maximum of 4 positions) • Update trailing stops (as necessary) • Place the revised instructions into our brokerage platform • Alternatively, give instructions to our broker
Minutes 25 to 30:	• This is “spare” time • Allowance for computer down time • Allowance for slow links • Allowance for interruptions.
Minute 30	• Shut down the computer.

Allowing Extra Time

This 30-minute can fluctuate, depending on your circumstances.

Situation 1: We are Maxed Out on Open Positions:

If we have our maximum of 4 open positions, do not look for new stocks anymore!
We bypass minute 0 to 20!
We go straight to minute 21 to see if we need to adjust our trailing stop. In such instances, we can be done in 7 minutes for the day!

Situation 2: We are New to Options Trading:

If we are new to options trading, allow for more time in the beginning. For example, when some of us first started out, we spend almost 2 hours a day everyday for 3 months.

In the learning phase, it is better to start slowly and get everything right. Once the routine has been established, things will get faster and faster naturally.

From here, let us get into more details of Trading Emotions ...

Navigation