Current Events - How to - Trading Psychology - episode recorded Saturday, January 23, 2021

Today we discuss:

Current Events:
I’ve re-created the “Machine”, a very large spreadsheet which predicts future stock movements, this time with bitcoin.  Michael’s portfolio is up by 70% after only a month of trading options. Corsair Gaming (a product Michael uses) and why I think he’s right it’s about to move on upcoming earnings (Feb 9), his enthusiasm and insight is infectious!  GameStop’s ridiculous climb and the battle with Andrew Left (famed short seller who went after Tesla years ago).  Biden’s first four days in office – killing Keystone pipeline, ending fracking, rejoining Paris Accord & its impact on the stock market & economy.


How To:
Buying longer term options versus short.  Getting out early--the “extrinsic” value of options really drops the closer you get to expiration date, “out of the money” options even more so.  Complicated options strategies versus simple ones (the simple ones are for me).

Trading Psychology:
Doing your homework first.  Taking a smaller profit and getting out before the weekend.  Not getting “stuck”.  Making the stock market work for you, not working for the stock market.
 
Running time approximately 39 minutes. 

#howto #trading #options #stocks #investmentclub #calls #puts $BTC #bitcoin $CRSR #CorsairGaming #RiotBlockchain $RIOT $TQQQ #NASDAQ #AndrewLeft #shortsellers #GameStop $GME #Keystone #KeystonePipeline #pipeline #fracking #ParisAccord #globalwarming #Tesla $TSLA #Biden #politicians #worldgonecrazy #violence #cancelculture

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