Ahoy there Trader! ⚓️
It’s Phil…
Today’s trading adventure brought fantastic news as we gapped lower, allowing us to bank a stellar 90.2% return on our latest bear income swing! Let’s dive into the details!
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We discussed in this morning’s analysis that we indeed gapped lower, leading to yet another successful cash out on my bear income swing, netting 90.2% returns.
- This trade was initiated last week on the first breakout attempt.
- Although the market retreated quickly, it showcased the strengths of using an income-style system with options strategies.
- Unlike traditional trading, I don’t require stop loss exit orders, granting me the flexibility to explore other opportunities.
- In this case, I made bank as the market moved in our favor!
I’ve got one more swing position likely to close before the weekend.
Overall, this week has proven fruitful amidst a market that’s mostly been going nowhere!
Happy trading,
Phil
Less Brain More Gain
…and may your trades be smoother than a cashmere codpiece