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Welcome To @crtradealerts: About Me

- The document introduces an options trader who shares their trades in real-time to help others improve their trading. They have over a decade of experience trading stocks and options. - The trader focuses on technical analysis and uses tools like volatility stops and moving averages to time their entries. They take both short-term swing trades and longer-term positions. - Trades are ranked from A to C based on conviction level, with more capital allocated to higher-conviction trades. The trader stresses flexibility and being willing to exit positions earlier than intended if conditions change. - Their schedule as a pharmacist impacts their trading frequency, but they aim to post multiple trades on days off and when working evenings. There is no current

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0% found this document useful (0 votes)
154 views3 pages

Welcome To @crtradealerts: About Me

- The document introduces an options trader who shares their trades in real-time to help others improve their trading. They have over a decade of experience trading stocks and options. - The trader focuses on technical analysis and uses tools like volatility stops and moving averages to time their entries. They take both short-term swing trades and longer-term positions. - Trades are ranked from A to C based on conviction level, with more capital allocated to higher-conviction trades. The trader stresses flexibility and being willing to exit positions earlier than intended if conditions change. - Their schedule as a pharmacist impacts their trading frequency, but they aim to post multiple trades on days off and when working evenings. There is no current

Uploaded by

api-244893907
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Welcome to @CRTradeAlerts

About Me Hello, I want you to have a real-time look at my entries and exits in the world of option trading. Perhaps you may have expressed an interest in following along with my trades in the past, so if I selected you to have access to my protected account, it is because we are ready to improve our trading and continue to realize profits together. Professionally I am a pharmacist that can tell you tons of stuff about science and medicine, but people who know me in real life know my passion is stocks and options. I have lived and breathed them for well over a decade, which means I ve traded bull (2003-2007) and bear (2007-2009) markets equally. I was primarily a pure equity trader until 2008, mostly Canadian-listed banks, oils, or golds, sectors which suffered during that timeframe. After discovering the world of option trading, I managed to get back in the game thanks to the power and leverage of some well-timed option trades. With the rise of social media sites and option flow software, my trading is more successful than ever and this is where you can benefit. Technique Week after week I constantly refine my chart analysis, option analysis and trade psychology to the point where I now have enough of an edge to realize greater profits from the market. My objective is to make a full-time living trading the capital markets, and particularly using the options market as my vehicle. I do not establish bearish positions very often as we are in a bull market. When the facts change, so will I. I also do not spread options very often, though that may change in the future. I primarily trade straight calls to give me as much upside as possible while defining my risk to the premium paid. I am fully aware of the benefits of call spreads, risk reversals, iron condorsand at this time, they do not appeal to me. If you choose to shadow my trade but sell upside calls against it, or turn it into a call calendar, that is your own choice alone. Whether youve been following for days or years, you have seen my charts and commentary on Twitter, so you know which technical parameters I favor. I am not a fundamental trader per se, though I do take a companys metrics into consideration when establishing a meatier position. Generally speaking, I am a pure technical trader. Whether it's a VOLSTOPBUY (#VSB) signal, or a break of the 8-day Exponential Moving Average, I have refined my technical entries to the point where the majority of trades I enter should begin to work within a short amount of time. I can sit on potential trades for weeks at a time, and wait for the exact entry but when my combination of chart analysis and price alerts converge, I take the trade and expect it to be profitable almost immediately. I do not win on 100% of my trades. Yet with proper risk management, my account is gradually growing in size as I allocate more money to great plays and less money to less great plays, more on that below. Should you decide to be a part of this adventure, I am confident that you will see positive results as well, provided you too possess a sense of confidence, discipline, risk management and a willingness to be flexible. Below you will find an example of the FOUR trade alerts that I will be offering. When I see option action I like, on a healthy chart, and a green light from my carefully set price alerts, I take the trade. For the most part, all three factors must be aligned for me before I take any trade. This is a critical point. ENTERED: SCALED: EXITED: EXPIRED: ABCD Jan 50C @ 1.50; Rank: B/ST (see below) ABCD Jan 50C @ 2.20 (+47%) ABCD Jan 50C @ 2.50 (+67%) ABCD Jan 50C @ 0.00 (-100%)

Note: percentage gains and losses reported will always be PRE-commissions. I suggest shopping around for an options broker with a good commission structure particularly if you trade smaller numbers of contracts. I am strictly referring to the contract entry/exit prices only when reporting percentage gains and losses on the stream. If you are in a trade I have taken, and you do not see an exit posted for that ticker, it means the trade is still open. e.g. if a call was bought for 1.00 and they are now trading for 20c, if no exit was posted, it means yes, I am still in it and yes, I too am down 80% on the position. This will happen, no two ways about it. One thing I am constantly praised for on Twitter is my

transparency and willingness to admit losses. This stream will be no different in that regard. You do not need to ask if I am still long, or where I plan to sell a winner. When I make that decision, you will know too. One important point: I may, from time to time, hold a position that shows unrealized losses of over 50% in order to capture those moves that eventually turn a nice profit. Ive lost count on how many trades Ive made that went on to make gr eat profits after initially being down a sizeable percentage. The big money frequently gives the trade time to work, so I do too. If no exit is posted, it means I am sticking with it and comfortable doing so according to my risk profile and capital allocation. You should never put money into a trade that would cause you substantial difficulties if it was lost or causes you anxiety when the market is closed. If that is the case, you need to scale down your position size to a more comfortable level so you can focus on the trade in a relaxed manner. Trades I take are ranked A, B or C. There are numerous reasons to take an option trade, but for the sake of simplicity, I have listed a few examples of things I might look for that could influence my decision to purchase those contracts. A represents high conviction: I see someone buying millions of dollars worth of call premium 6-12 months out. B represents medium conviction: Sizeable call buys and/or put sales on a chart that is near 52 week highs. C represents low conviction: Earnings plays. What some might call #lotto plays due to binary risk on the option. I allocate more capital to A-plays while C-plays deserve a smaller amount as a way to manage risk. Another way to think about it could be number of contracts. A-plays could be construed as 10 or more contracts, B-plays 5-10 and C-plays less than 5 contracts (assuming equally priced contracts of course). It is up to each individual trader to determine what number of contracts or dollar amount they feel is proper allocation to an A, B or C-ranked trade. Though it may not seem apparent to you why I rank a trade A if you think it looks like a C (and vice versa), odds are I will reference the A trades on my regular stream so you will have an idea of what I like about the trade. Though I do trade often, my style is generally of a more risk-averse nature so you will see I tend to mostly take A and B trades. Trades will also be ranked by timeframe with the acronyms DT, ST and LT. DT means DayTrade, or a trade I intend to hold during the day's session only. I do not favor this method much, so it will not appear that often on the stream. Trades marked DT can last from several minutes to several hours so it is imperative that if you take it, you are available for the exit signal. ST means SwingTrade and this rank constitutes close to 80% of my trading. I typically intend to hold ST for anywhere from one day to several weeks at a time. However if the trade immediately generates what I perceive to be a significant gain, I may exit the same day. This is why I talked about being flexible and a willingness to adapt to a rapidly moving market. LT means LongTerm and these trades are generally considered to be valid for months at a time, but again, flexibility is key. A recent example is GLW. I bought a sizeable position in the Jan 2015 17 calls in mid-Oct 2013 with the intent to hold them deep into 2014. I ended up scaling out of half the position just seven trading sessions later for 180% profits, after the Samsung collaboration was announced after hours the day before. I cannot stress this point enough: flexibility is critical. DT/ST/LT are just guideposts at trade entry; if market conditions rapidly deteriorate, or a catalyst appears quicker than anticipated, the trade could be exited much sooner than intended. Never ever fall in love with a story or a stock! Frequency I am a FT contract pharmacist with a variable schedule; sometimes I have consecutive days off, and other weeks I have no days off. Sometimes I work in the AM (boo) and other times in the PM (yay). Needless to say, if I am scheduled for an AM shift, or have many things to do that day, it is highly unlikely I will be trading and posting. Some people have asked if I trade from my phone and the answer is NO. Conversely, on days off, and on days where I work in the PM, I intend to be trading regularly and posting those trades to the stream. Some days there could be 10 or more entries and/or exits, while other days could be SOH (Sit On Hands) due to market conditions, or simply just to let current positions work, or perhaps I am not seeing any option action that I find worthwhile or suitable for my risk profile. I cannot guarantee a set number of trades on a daily/weekly basis, though I am confident that on a monthly basis there will be plenty to choose from. Don't forget, I will continue to post interesting option flow, charts and commentary on my regular stream (@CashRocket).

Pricing At this time, there are no plans to charge anything for following along with my trades in real-time. My reasons for starting this project are to improve my own trading through stock selection and timing, documentation of completed trades, to encourage transparency among fellow traders, and to share my knowledge/passion of option trading with people I have developed a relationship with on social media. As my pal Doug Busch states on his site, I am truly thankful to have added value to the portfolios of many traders and have taken pride in introducing new ideas to the conversation. Final word: you can paper trade my picks, trade them for real, or just track my progress to see if what I do works and might work for you too. Get started by going to https://twitter.com/CRTradeAlerts and clicking Follow. Good luck and see you on the stream.

CashRocket
Disclaimer The opinions expressed by the author are his own. Trades or positions discussed by the author are neither a solicitation to buy or sell a security, nor are they investment advice. Subscribers should always do their own due diligence before buying or selling a security. Every subscriber is responsible for his/her decision to buy or sell a security. Trading is extremely difficult and many lose all or a good portion of their capital.

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