General Trade Alerts
The general trade alert strategy is very simple. This particular strategy has no percentage gain when an alert is given. These alerts are given based on support and resistance. The alerts given could be a common stock purchase, an option call buy, an option put buy, an option put sell, or any other type of trade. Currently, the majority of the trades have been call options. Usually, there is no follow up or guidance as to when to sell this position. The overall goal when the trade is put out, is to achieve at least a 60-80% profit margin.
Frequently Asked Questions
How often do you have General Trade Alerts?
Typically, I like to at least put out 3-5 trades per week. Sometimes there may be more, sometimes there may be less.
I missed the alert, can I still trade it?
That would depend. Is the price way above the targeted entry price or is it below the entry price. The one rule of thumb I encourage is to never chase a stock. If you miss the entry, wait for the next entry.
Will I receive an explanation of the trade?
After each alert is given, there is a follow up email that contains details of the trade that include the entry price, target prices, as well as stop out points. In addition, there is usually a chart corresponding with the trade.
How many contracts do I buy?
Again, this is an individual basis question. For myself, I will usually enter the trade with 1-3 contracts no matter what my account size is.