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Published: Jan. 20, 2021, 7 a.m.

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Major Key: Being Right At The RIght TIme

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Going back over my trades from last year

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Where I excel with timing is in swing trades and credit spreads. My batting average was exceptional by my standards. I definitely left some money on the table with a few trades, but all-in-all pretty good profits.

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My Achilles heel has been timing with naked options.

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What I\u2019ve noticed is even when probability is on my side and hindsight shows I would have been successful...I\u2019m usually too early. 

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That\u2019s the one thing with options. You can be right, but the money is made when your timing matches your theory. If it doesn\u2019t, time decay eats away until you sell out or the option expires worthless

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With options, it pays to have more time to see your theory true or false. Less time = more risk. Even though the contracts are cheaper with less time, the probability of loss goes way up.

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Here it is. Wanna crush it at options? Understand the value of time. Boom

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So this year I will continue my work with swing trading and credit spreads to continue growing the trading account.

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But to improve my batting average with naked options (calls and puts) I will begin pricing options with more time to allow my theories to play out

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What I\u2019m looking at today:

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NFLX - it was on the watchlist yesterday and had some good earnings. Look for a continuation

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AMD - some buyers came in yesterday. Let\u2019s see if they\u2019re still enthusiastic tomorrow

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DKNG - Sellers trying their best. If they don\u2019t show up tomorrow, expecting buyers to jump on news of iGaming, mobile sports book

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ZM - did as expected

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MA, V - waiting for buyers to come in

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BABA - moved as expected

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FB - h.o running up into earnings

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Adding KO to long term

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Outro:

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