Long Term Positions with Short Term Option Plays
Base Everything off of Short Term Technical Analysis and Long Term Fundamental Views.
I am not a Bull. I am not a Bear. Trading is not about choosing sides.
Most of my trades are Iron Condors on very liquid ETFs ($SPY, $IWM, $QQQ, $IYR, $FXI, $EFA, $TLT, $EEM, $XLE). Occasionally, spec biotech option plays. Risk Management/Discipline is key - Allocation, Allocation, Allocation!
Darcy Keith is Investment Editor of Canada's Globe and Mail and has covered financial markets for 23 years. He was previously Yahoo Canada's senior finance editor, Canwest's national biz editor, and a correspondent for Knight-Ridder Financial News.
I trade off of support, breakout patterns, catalysts, and momentum. I will either scalp, scale in intra-day, or will build a position for days anticipating a big move. Love volume. Love under $20 stocks.
Read the Reminiscences of a Stock Operator before talking to me. My twits are my and my dog opinions, not advice. I am often wrong and I love it. PS: I DO NOT short single stocks and I do not answer 3x ETFs questions.