This morning we got short the S&P 500 (SPX) with an October monthly expiration 4100 call credit spread. We also took a few small losses on OXY and UNG in the Compounding Growth Mastery this week, which we’ll tie into our topic this week on creating a trading plan.
Trading is much easier when you’re making your business decisions (what stocks to trade, what setup to trade, where to take entries/exits, etc.) outside of market hours. We want to look at things with clarity before the market opens, so we can map things out without the emotion of the market.
For example, I put together my game plan on the SPX trade on Thursday night.
In the video above, we’ll review my pre-flight checklist for taking A+ setups and nothing but A+ setups. We’ll review how to develop a game plan for your trading that you can customize to fit your best setups.
Keep an eye on your inbox on Sunday as we’ll cover recent trades in UNG and SPX, as well as apply the trading plan to other setups.
Want to trade my A+ setups together? Join the Compounding Growth Mastery where I send real-time trade alerts, deliver daily market updates, and host live trading sessions. Start out with a 30-day trial and see what it’s all about!
Stay Focused!