This week I got the dreaded 3am email from TD Ameritrade…. “ Option Assignment Alert: Immediate Attention Required ” This is not the best way to start off the day, but as an options trader this is going to happen. The body of the email will explain you have been "assigned" the following position: PEP Aug 25 2023 182.5 Put SO Aug 25 2023 70.0 Put I was put both of these stocks from some put sales that were deep in the money (ITM). BTW for all my Tasty Traders you get a very similar email, just slightly different words: the subject reads: “ Assignment/Exercise In Your Account” I know this well… I want to keep things real because I can write about when things go right (most of the time they do). But I think the real value is talking about when things don't go as planned. Here a Good Kids Trading (GKT) we want you to be prepared to handle a trade when it doesn’t go exactly as you planned! The aim of this post is to ease any fears you might have about getting assigned shares from the puts you sell. The key to being a good options trader is having a game plan! This is my game plan: My Put selling Strategy When I sell puts on companies, I generally have two strategies: 1. I sell puts on down days on companies I like and I don’t mind holding a while 2. I sell puts on companies with high IVR (which is a measure of volatility). Therefore, I have two general management plans: 1. For companies I don’t mind owning I let the short put ride until they hit profit (50% of the credit I received) or I take the shares (this is over simplification for brevity). 2. For the companies I don’t really want to own, I will roll out the puts if they start getting tested. I roll them out in time and try to keep rolling them away from the money to avoid assignment. I always roll for a credit (so this means I’m getting paid more money to be right). I refer to this as rolling for hope. I’m hoping for a bounce so I can get out of the put. If I’m assigned shares at least I’ve reduced my cost basis some. This is my plan, but you should make your own plan! You don’t have to copy me or anyone else, there's more than one path. You might even decide to close a short put if it's losing at 200%. If you get one of these emails (assigned shares) and you don't have the means to hold onto the stock, selling the shares right at the market's opening is an option. It might lead to max loss, but it's a solution. But for the companies I like, I’m generally fine with getting shares. Why? Because put sales lets me buy low and ideally (hopefully) sell high . Even after trading for as long as I have buying low can still feel a little nerve-wracking. The world is panicking about how "XYZ stock is plunging" or that "the market's in crisis." Yet, with a strategy in place, selling puts means you're strategically buying low since you've agreed to take shares at the strike you set. Trade Review This week, I was assigned shares of both SO (Southern Company) and PEP (Pepsi) this week I tried to buy the dip, by selling some puts but sometimes the dip keeps dipping! Let’s walk through not just the trade, but my mindset too. And, just so you know, I post every single one of my trades in GKT’s discord. To see it all unfold live, join us at: goodkidstrading.com/join. PEP Aug 25 2023 182.5 Put Back on Aug 14 I sold 182.50 puts and got a credit of .91. This trade was a loser from the start. Here's a chart with some notes: PEP, has recently dropped almost 10% from it’s recent high! There were eight consecutive down days. So, when TD Ameritrade sent me an “Option Assignment Alert,” I wasn’t shocked. I’ve seen this song and dance for years. In bullish markets, these alerts might be rare. But in bearish times, they're more frequent unless you keep adjusting your positions. PEP is bullish on the weekly chart. There is a dividend next week, so I have purposefully not rolled this position out in time so I can collect the dividend. Since the stock is so beat up I have avoided selling calls as soon as I was assigned, but this is definitely an option. It’s a personal choice you can make. If you sell a call and it gets in the money (ITM) you can get called away before the dividend, so just be aware of that. For now I’ll hold these shares and I will look to sell calls once we get closer to the ex-div date (which is about a week away). I'll keep everyone updated in discord. You should j oin the community , it's free! SO Aug 25 2023 70.0 Put SO is a utility (they are actually the provider for my electricity) and since treasuries are paying such a high return right now utilities are beat up. People are choosing to investing their money in the US government instead of utilities. This trade is a little more complicated, I sold puts to get in before the dividend, but I made a mistake and chose the wrong one... So I realized this before the dividend, and I was able to close some of my puts for wins, then I bought some shares and sold calls and I collected the dividend. Have I mentioned like three times this is all posted in GKT's discord in real time? Ok good... So you have joined right? I decided to keep the 70 puts open (they were losing obviously)... But I look at it like this, I have almost 3.00 in premium collected. Eventually (hopefully) this stock which is making money will appreciate in value. So I will continue to collect the premium and hopefully some share appreciation as well until I'm called away. As with any trades its important to not let a ‘loser’ get out of control so I have a line in the sand for both PEP and SO where I will buy puts to protect my position or I will just take a loss and sell the shares I was put. Being assigned shares might feel scary if you are new to put selling, but for me it’s actually part of my plan. It’s not my first option, but I’m ok with taking the shares and selling premium until my shares are called away, or I have to cut the loser and move on. I hope today’s blog helps you understand the process a little bit more and maybe you aren’t as apprehensive if maybe you were worried about assignment. Happy Trading good Kids

Welcome to Good Kids Trading! At GKT, and particularly in our FREE Discord channel, http://www.goodkidstrading.com/join , we talk a lot about Delta and Theta. “I’m just going to let Theta decay work.” “I need more positive Deltas so I added this position.” “You want positive Theta.” “This strangle has gone out of my comfortable range, I’m rolling one side to neutralize Delta.” Delta and Theta are both Greek letters and are just two of the main “Greeks” that option traders care about. In this article we will discuss these two Greeks but on a level that is needed for the new options trader to get a fundamental understanding. Don’t worry, no fancy math here, just the fundamental concepts. For those who want the quickest possible explanation, here it is: Delta is Direction Theta is Time If you already understand what I mean by that, check out these articles that are a little more advanced... One Trader's Method to Handle Assignment Build Income through Dividend Stocks Don't Over-Manage Trades What is Options Delta? Delta is direction. Before we even mention an options contract, let’s talk about simple shares of a stock. When we own 1 share of a stock, if the stock’s price changes up or down by $1, then we will have made or lost $1. If it went stock goes up or down by $5, $10, or $19.21, then our profit or loss will be exactly the same as the price move. Simple enough right? Taking the same concept, imagine if we only buy 30 shares of stock and the stock price goes up $5. We would be up $150. If we bought 100 shares of stock and it goes down $5, we would be losing $500. None of this should be a new concept if you have ever bought stock before. Moving to options, each option contract has a Delta that gets calculated by some math formula beyond the scope of this article. Each options contract has a different Delta. By default, calls have positive Delta and puts have negative Delta. The easiest way to think about Delta is that the number of the Delta is roughly equivalent to that same number of shares. Looking at the 430 SPY call option as an example, it carries 0.71 Delta, which is roughly equivalent to buying 71 shares of SPY. Remember 1 option contract covers 100 shares of stock, so 0.71 Delta multiplied by 100 shares is 71. The SPY 440 call has 0.50 Delta so roughly equivalent to buying 50 shares of SPY. Fun fact: The at the money (ATM) options almost always have 0.50 Delta. Having more Delta is the same concept as buying or selling more shares. Buying 10 shares of a stock would cost less than buying 40 shares, and Delta follows the same trend as you can see from the screenshot above. But this still doesn’t explain why Delta is direction, so let’s get to that right now. Positive Delta options gain value as the price goes up. Positive Delta is like buying shares. Negative Delta options LOSE value as the price goes up. Negative Delta is like shorting shares. When you have negative Delta, you want the price to go down. Regardless of whether your option strategy has one leg, or it combines several legs with different numbers of contracts, your broker will calculate the total Delta for the position. If it is positive, then you set up a bullish trade. If the Delta is negative, then that is a bearish trade. How bullish or bearish is determined by the size of the Delta. Hopefully now you understand why Delta is direction. At GKT we set up bullish, bearish, and neutral trades. Our really bullish trades have large amounts of positive Delta, really bearish trades have large amounts of negative Delta, and neutral trades are close to 0 Delta. The closer to zero the delta is, the more we want the stock to not have any large moves in either direction. With directionality comes risk. If you are extremely bullish and your options strategy has +80 Delta, this is equivalent to buying 80 shares. If you get the bullish move you want, you will win big. If the stock goes down, you should expect to see a large losing trade on your hands. Tailor your Delta to match how much or little of a directional move you expect the stock to make. What is Options Theta? Theta is time. Each option contract comes with an expiration date. The number of days to expiration (DTE) reflects how much time is left on the contract. Notice how when there are 90 DTE the curve is fairly flat. This shows how little of the option's premium is lost over time. Compare that to 21 DTE and 0DTE where the curve rapidly approaches vertical. This shows that a lot of option premium is lost over a very short period of time. To illustrate this concept, imagine you are some guy named Eric and you wanted to write a blog article. The Head Honcho, let’s call him Justin, says, “Can you get a draft to me in the 60 days?” “No problem!” Eric says. Well wouldn’t you know it, Eric is a procrastinator. 60 days is forever and a half away to him. Time passes, and 21 days until the article is due. Justin asks, “Hey bro, you know me, no pressure but if you can’t work on this, I’ll roll the idea to someone else.” “No, I’ll get it taken care of,” affirms Eric. After all, 3 weeks is almost forever away, Eric's got plenty of time. Now it is the week of the article’s deadline and all of the sudden Eric begins feeling the pressure and maybe makes an outline or jots a few thoughts down. Then the day or two before it is due, Eric finally gets going and works away in a frenzied state. In fact, he made final edits and sent the article right at 3:59pm EST, just in the nick of time. The emotional turmoil Eric experienced is similar to how Theta works. Like Delta, Theta has a very complex math formula that is beyond our purposes here. Unlike Delta, Theta is always listed as negative for both the calls and the puts. Theta is always negative because options chains assume you are buying the option. Unfortunately for all of us, time will do nothing but tick away. With each passing moment, the expiration date draws closer and there is less time contributing to the option’s value. Theta is a procrastinator like Eric. Have you ever been caught in traffic when you are running late for an appointment? The value of that time is exponentially more valuable when you have 5 minutes to spare compared to when you have 5 hours. ***Insert typical free Theta decay curve*** Time doesn’t carry much value when the deadline remains far away but as the expiration date closes in, that time becomes extremely precious and even more valuable. At GKT we love having positive Theta. When your trade has positive Theta, this means you make money as time passes. Depending on the type of trade you make, your main goal may even be to profit from the passage of time. The only way to get positive Theta is to sell an option. When you sell an option, you are selling that time value to someone else. As time passes, which it always will, the time value will go down. The larger the Theta, the larger the influence time has on the option’s price. As powerful as Theta may seem, it is but one component of an option’s price. How to Use Theta and Delta Delta is direction and Theta is time. Take a look at this example. This is definitely NOT an options strategy. I literally clicked 4 different times on the screen to come up with this trade for the purposes of this example In the green box, I have boxed in both Delta and Theta. Looking only at these two numbers, answer these questions for me. 1. What direction would I need SPY to move for this trade to be profitable? 2. If SPY’s price doesn’t change but time continues to tick by, would I expect to make money or lose money? 3. What if time passes and SPY increases in price by a large amount, will I be profitable? Keep in mind this is all theoretical but this mental exercise can and should be done on every options trade you make. Now that you’ve had a second let’s go over the answers. 1. What direction would I need SPY to move for this trade to be profitable? This trade has negative Delta. In this trade, I have -118 Delta which is very close to saying I have shorted 118 shares of SPY. Negative Delta trades, and shorting shares, both are profitable when the price goes DOWN. 2. If SPY’s price doesn’t change but time continues to tick by, would I expect to make money or lose money? This trade has positive 28 Theta. Positive Theta means that, all else being equal, my trade should become more profitable as time passes. 3. What if time passes and SPY increases in price by a large amount, will I be profitable? This is a "put it all together" type of question and one where the answer becomes more intuitive the more you trade options. As important as Theta is, if you have a directional trade and the price in the opposite direction, Theta will help reduce the loss but that may be about it. In this trade we have -118 Delta which is an extremely bearish trade. Because we are extremely bearish, if SPY increases in price, we will be directionally incorrect in a big way. 28 Theta isn’t a small amount of Theta but it almost certainly won’t counteract being wrong on the price movement. Next Steps... If you have any questions about the concepts in this article, our Discord is full of options traders who are happy to share their thoughts and provide explanation behind the trades. If you are really serious about learning and mastering options, joining in on those real time discussions is the best way to accelerate your learning. http://www.goodkidstrading.com/join

Hey Good Kids! A common issue I see new traders make is not accounting for what they should do if a trade goes wrong. We all think about profits and this blurs the bigger picture of our trade plan. If you don’t have a plan for each trade, or if you are just following someone else’s trade, and it goes against you it’s easy for you to exit the trade at the worst possible time. I know this because I’ve also done it. I see people do this all the time and today I want to remind you of how important it is to avoid large losses by not having a plan when a trade goes against your initial plan! I love to sell puts. As we've seen over the past couple of weeks, the market has pulled back, causing my short puts to suffer. When you see the p/l on a short put growing - a topic I've written about previously (do check it out!) - it's all too easy to let fear and anxiety take the reins. Remember, losing trades are so normal. Emotions run high, yes, but it's essential to keep them in check by having a plan ahead of time. Emotions, in these situations, prove to be a trader's worst enemy. Following a well-thought-out plan can often prevent the pain of witnessing a max loss. As the market retraces, it's no surprise that the puts I've sold are under pressure. I always account for this, it’s not fun but not panicking is the biggest key to my success. I often choose my put levels based on my comfort with owning the corresponding stock. If holding 100 shares of a stock seems daunting, consider setting up a stop loss on your puts. Alternatively, opt for spreads over naked puts to modify the risk profile. In light of the current market scenario, I am: Considering 'rolling for hope', extending them over time for credits and thus reducing the cost basis. Determining which puts to let expire ITM, leading to an assignment of 100 shares for each put sold. Waiting until 0 DTE for specific puts before making a final decision. I cannot stress this enough: always be prepared on how you will handle a trade when it’s a loser. No single strategy or method guarantees success across all market conditions. Stocks don't go straight up. It's crucial to arm yourself with a plan for when trades don't go your way. If you found this useful let me know ! I love talking to people interested in trading (a quick thanks is always nice too). If you want more information you should join the GKT discord to discuss these tips in more detail and connect with like minded people who trade the stock market! Keep Calm and Let Theta Do the Work! Until next time happy trading Good Kids!

Managing trades is a crucial part of ensuring success as a profitable trader. At Good Kids Trading (GKT), we have a rule that we follow for most of our traditional math based trades - managing positions at 21 days to expiration (DTE). This rule applies mainly to undefined risk positions and serves as a strategy for directional risk reduction. Today I want to explore why managing at 21 DTE is important for reducing the risk associated with market direction. Lets jump into the some of the Greeks to backup our trading rule. When it comes to profitability in options trading, there are three main factors: time, volatility, and stock direction. While other factors such as interest rates and dividends sometimes impact our profitability they don't have as much of an impact. By us managing positions at 21 DTE, we focus on reducing risk associated with market direction, which is unpredictable and out of our control. By selling premium, we benefit from the simple passage of time. Theta is the Greek used to track the Time component of an option. All option prices decay over time, which works in our favor as sellers. You already read how Theta Decay is my best friend! The certainty of time passing allows us to benefit from Theta, which contributes to our overall profitability. Time is a consistent profit driver that we can rely on, making it a crucial part of our trading strategy. Volatility, unlike time, is not as certain. It is more of an expectation based on historical patterns. Remember Vega measures how much the price of an option changes when the volatility of the underlying changes. As sellers of premium, we are negative Vega or short Vega, which means we benefit from volatility contraction. I don't always track Vega, but I do stay focused on the IV or IVR of individual names. Volatility can spike or expand, especially during certain market conditions, but I still find comfort in the general tendency of volatility to contract over time. Eventually thing should settle down. This volatility contraction contributes to our overall profitability and risk reduction, this is why we sell more premium in high Volatility environments. Direction the biggest unknown in options trading, this is why GKT also uses technical analysis in addition to looking a probability of profits and checking the volatility. Regardless of whether we are bullish and have a positive Delta, or whether we are bearish and have a negative Delta, we can NEVER fully predict the direction the market will take, even when the chart gives us hints. This unpredictability is what makes managing directional risk crucial. As we get closer to expiration, Gamma, which represents how Delta changes with stock price movements, increases in magnitude. Although we don't actively discuss gamma often, this means that moves against us in the stock will hurt us more and more as the contract is getting closer to expiration. To avoid being overly dependent on market direction, we manage positions at 21 DTE which keeps our Gamma risk in check. While managing these positions at 21 DTE is a rule we primarily follow for undefined risk, we may not apply this to all our strategies. I will keep a naked short put open if want the shares in the company for a wheel strategy. I understand that this is not in my favor from a math perspective. Defined risk trades, such as vertical spreads or iron condors, have less exposure to directional risk and are not as affected by gamma. Sometimes you get a large move in your favor, and your risk is defined. If you have a low enough risk, the final 21 DTE might give you the profit you were looking for. It's crucial to strike a balance between controlling risk and avoiding unnecessary added risks. By focusing on time, volatility, and controlling directional risk, we try to create consistent and successful trading outcomes. While each trader may have their own approach, managing at 21 DTE without a doubt is a proven rule backed my math and remains a staple in risk reduction. If you want more information you should join the GKT discord  to discuss more and connect with like minded people who trade the stock market! I hope this article was valuable to you. We want to help educate and show you trading doesn't have to be complicated, and you can do this. Happy Trading Good Kids! Disclaimer: this is NOT financial advice. I’m basically just some dude on the internet who’s been trading a while, and I use the stock market as my primary source of income. None of this is financial advice it’s purely educational!

A common mistake that many traders make is thinking they need to time a trade perfectly to be successful. Good Kids Trading (GKT) wants to remind you that you don’t have to catch the exact bottom or top to be profitable. We’ve made a lot of money just by catching small sections of a bigger move. Let’s discuss having the perspective to not get overly granular or too precise when setting up our trades. Although GKT focuses a lot on options trading, we also trade and invest in shares. Remember, to make money, you just need to buy the shares lower than you sell them; it’s the same with options. This sounds obvious, but far too often, traders try to overcomplicate, overanalyze, and maybe even try to outsmart the market. Do you remember the article I wrote on pyramiding into shares? You do not have to buy all your shares at one time. And you certainly don’t have to wait for all-time highs to sell all your shares. There is an old adage: “No one gets hurt taking a profit,” but I do see people getting hurt trying to catch the bottom and tops. Similarly with options trading, when we sell an option, we collect money upfront (called premium). If we buy an option, we are paying a debit. All too often, traders get too hung up on a specific amount. Maybe you sell an option and collect $100, but you start trying to push it and try to get an extra $5. You might see us joking in our discord chat about getting more premium than someone else on the same trade, but this is just for fun. It doesn't really matter if you make a few dollars more or less than someone else. What really matters is that you make the trade, and then you go do other things. You don't have to sit in front of the screen and watch the market all day. You can enjoy your time freedom and your passive income. Trading doesn't have to be hard. It can be easy and fun when you use math and time to your advantage. We don’t suggest just blindly making trades, of course. We are looking for high probability trades with at least the minimum amount of premium to make the risk-to-reward worth it. Remember, I told you that the broker actually shows us the probability of profitability for options trades. You can see the risk and reward in the broker as well. Then we let probability and time do the work while we live our lives. When we take trades that have a high probability of hitting profit and we trade frequently, we increase our profits through the number of occurrences. This is why trading frequently with a high probability of profit is a great combination for building passive income. Do not get hung up on trying to squeeze out a couple of extra dollars or trying to time the trade perfectly. Of course, there are times when you might want to be more picky about your trades, but not when the probability is in your favor. A much larger mistake is trying to collect $105 in premium instead of $100, and the trader ends up missing the entire trade. Try not to get too caught up in the smaller details. It’s better to be in the trade than trying to catch the exact bottom or top. Ignore the jokes about someone making a couple of extra dollars and remember you don't need to be perfect to be profitable. You just need to be smart and consistent. That's it for today. I hope you keep this in mind when you set up your next trades. If you have any questions or comments, join our Discord chat and visit our website. We have a lot of resources and friendly people to help you. Happy Trading, Good Kids! Disclaimer: this is NOT financial advice. I’m basically just some dude on the internet who’s been trading a while, and I use the stock market as my primary source of income. None of this is financial advice it’s purely educational!

This week I’m celebrating my 44th birthday and the 19th anniversary of Mad Money both coincidently on Thursday. This post might stir up some controversy, but it shouldn't. I know Jim Cramer has a bad reputation with some traders, but you can learn a lot today if you open your mind. So my question to you is: “Are you ready ski daddy?”   If you are new to trading Jim Cramer was formally a hedge fund manager who is now a well-known television personality. He's the butt of many jokes and meme’s showing where he is absolutely wrong. The hype is so real there was an ETF fund Short Jim (ticker SJIM) started that shorted everything Jim was bullish on, but apparently they lost so much money they shut down. I couldn't help but laugh at them closing the fund. You see Jim is a big part of the reason I'm as successful as I am. Let me say that again, the guy that so many people make fun of helped make me a millionaire before I was 40 and gave me the freedom to leave my corporate management gig behind forever. I can't give him all the credit, but I know he helped me immensely and you probably wouldn't be reading this post if it weren't for Mad Money. How can this be? I remember the first time I saw Jim’s show just like it was yesterday. I was 25 at the time, this guy had his dress shirt sleeve's rolled up past his elbows, playing sound effects like "buy buy buy" and "sell sell sell," using works like booyah, ski daddy, and FANG on a network where people are normally wearing suits talking about boring weird reports that don’t mean a thing to my main goal of making money. I just wanted to make money Like every other trader/investor - I just wanted to make money in the stock market. Normally when I would watch CNBC I thought "What do you mean the unemployment number ‘missed’ by 10,000?" I didn't know why stagflation was a problem. What does that even mean to my portfolio? I thought: "Can someone just tell me which stocks I can buy today to make money tomorrow?" Enter Mad Money Jim caught my attention because his show was entertaining, but it was also useful to my goal of making money. He was taking calls from people like me, and giving buy/sell/hold recommendations on individual stock tickers in under 30 seconds for everyone to hear. I admit the show felt different back then compared to today. I don’t know if it was my naivete of my 20's, but I believed the opening of the lightening round where he said: “I do not know the name of the caller or the stock” it seemed to me he really didn’t know what people were gonna ask. Its obvious he knows now, and the show has changed, but what hasn’t changed the last 20 years? Mad Money taught the basic fundamentals mixed with entertainment. It was not just stock picks, there was education about doing your homework, diversification, risk management, building watch lists, a building a grading system for stocks in your portfolio. Actual real information that I could use, at the level that resounded with my thought process and the profit/loss of my portfolio. Leveling up Mad Money built a foundation that helped empower me to make MAD amounts of money. Through the entertainment and the follow me trading Jim taught me to become my own trader. As most traders make jokes and take stabs at the guy who gives his opinion on national television 5 days a week for more than 19 years, I'm expressing my gratitude to Jim and Mad Money. Happy Birthday Mad Money! I hope you have a better understanding of why I won’t be shorting Jim Cramer. I won’t blindly follow him, although I don't blindly follow anyone and neither should you. My Vision for GKT I want Good Kids Trading to be entertaining, yet educational. You shouldn't follow our educational trade ideas blindly. You should figure out why we are posting the trade ideas and figure out how you can build a trading plan. We are helping you build a foundational understanding while learning to make your own decisions and finding your trading style. Trading doesn't have to be stiff and boring. My goal for you is to become be more successful than I have been. I will admit you have some big shoes to fill, but I know without a doubt you can do it, and GKT can help you. I can’t possibly end this blog without ‘borrowing’ the ending of Jim’s show and yeah I have it memorized… I like to say there is always a bull market out there somewhere and promise to try to find it just for you right here at Good Kids Trading. I’m Justin Maxwell and I’ll see you tomorrow in our discord. If you haven’t joined our discord , you should it’s free. Look for my weekly email update on Friday straight to your email inbox. I have a cool story about navigating the market during the Covid Crash 4 years ago, you can subscribe here . No Spam, No Scams, No Cost! Happy Trading Good Kids!

Do you want to learn how to grow a small trading account the Good Kids Trading (GKT) way? Learning to trade options can feel intimidating. When you have limited capital it almost feels impossible! We created a Modest Money Mavericks discord channel to show how we would trade in a small account. Today I'm covering the key points from my latest video, and encouraging you to get educated about how trading the GKT way can help you find some passive income and eventually find freedom from your W2. I'm focusing on stock options, Chance is trading futures. Justin's M$M launch Chance's M$M launch Most of my trading is in a larger account using portfolio margin , which gives me a lot of buying power. It's just a fact that the more money you have the 'easier' it is to make money. Don't be discouraged, I started out with a small account. Modest Money Mavericks is not just a follow me type of challenge. I want to educate you on some of the key things I did to build my accounts. This is not financial advice, there are no guarantees, and best of all there is no charge in the information we're providing! All my guidelines are scalable, meaning they work if you have $8000 or $800,000 in your trading account. The Importance of Diversification: Diversification is key because it minimizes risk. You want to spread your money across a few stocks to lessen the impact of one trade or sector. By trading different sectors you reduce your risk and if one trade is underperforming, another sector might be outperforming. With a small account, diversification is even more important for minimizing risk, boosting returns, and securing long-term success. Strategies for Building a Small Account: Trading a small account requires more careful planning. Understanding you want at least 3 positions means you need to pick stocks that do not use too much buying power. The BEST strategy for growing a small account is regular cash injections! Consistently adding even small amounts of money can significantly grow your account over time. Remember cash is a position. Keep some cash aside as a position to capitalize on buying opportunities. When everyone else is selling out of fear, you will have the dry powder to step in and grow your account! Buy low and sell high. Use the charts and focus on buying stocks near support and sell at resistance levels. Use moving averages and support and resistance to decide when to buy and sell! Understand what happens if the stock goes up, down or sideways BEFORE you enter a trade. Preserving your capital is your NUMBER 1 PRIORITY. You grow your account, by taking trades that have good risk to reward. Carefully managing risk and avoiding oversized risks is not the norm but this is key to become profitable consistently. Regularly review and adjust your portfolio based on market changes to optimize growth, but setup alerts and have a plan in advance. Do not trade out of emotions, be mechanical and methodical in your decision. You do not have to buy at the bottom or sell at the very top . Join us on our Modest Money Mavericks Discord channel to discuss trading strategies for small accounts further! I hope you enjoyed this post and learned something new. If you did, please share it with your friends. And if you want to learn more about trading strategies and how to apply them in different market conditions, join our discord! Subscribe  for our weekly newsletter. It's all free!   Happy Trading Good Kids! Disclaimer: this is NOT financial advice. I’m basically just some dude on the internet who’s been trading a while, and I use the stock market as my primary source of income. None of this is financial advice it’s purely educational!

I was sitting in my office and glued to my screen. I was watching every single candlestick on the 3 minute chart. Just waiting for AMD to hit my target. I knew a winning trade was a sure thing because it worked the previous two weeks. "I cant lose" I thought (famous last words). For these 30 minutes, I forgot all about my regular paycheck from the corporate grind. I wasn't focused on the reports or spreadsheets. All my focus was on my mental ability to control a candlestick's direction with my mind. I was attempting mind control second by second, "go down AMD" I was sending through mental telepathy. Then bam, the stock blew right through my stop loss. I didn't have mind control over the candles after all. The foolproof 'can't lose strategy' that worked so well for a month, never worked again. Losing isn't unique to day trading, but after I left the corporate world a few years ago to trade full-time, I don’t day trade very often. People assume that since I don’t day trade that means I’m totally against it. That's not quite true; let me explain. It's not just about the market; It's about YOU- Trading isn't one-size-fits-all. It's about how much time you're willing to invest in front of the screen, mastering candlestick psychology, and back trading to master technical analysis. Successful and profitable trading comes from a plan you believe in and strategies that match your lifestyle Yes, day trading can be profitable, but for me it was a full-time job, demanding my presence and attention.  When I was already at my desk, it was an viable strategy. I was already at my computer, I could look for the perfect setup and take trades. If you are already busy, are you going to consistently show up every day and watch the charts? Are you going to study and back trade on a regular basis? Trading can be active or trading can be passive. What works for me, might not work for you! The challenges of a tight timeframe- On a shorter timeframe, your stop loss is on a tighter leash. This shorter timeframe is another reason I don't enjoy day trading. You need to keep up with news, who is speaking today, and many times none of that matters because a single news flash causes a crazy wick that ruins a trade in seconds. It doesn’t matter if the news was even true. I’ve found that longer term trades are easier for me to manage in most cases. Smaller timeframes, smaller stops mean I need to be right quick and it felt more like I needed luck, which equates to gambling in many ways. When the market trends, day traders thrive- Day trading works best (for me) in trending markets. Just like any other strategies everything works just not all the time. Remember 2020 when the Fed's cash injections caused the V bottom correction and everyone, including their grandparents were day traders? In a trending market, a trend following strategy works. But what happens when the market stalls, or if it dips and inflation becomes a concern? Those same day traders, either pivoted, or went back to their other ‘real’ job. If you want to be a day trader you need to have multiple tools in your trade plan. When the market is trending, this is a great time to be a day trader! Don't close your mind from ever day trading, just wait for the right conditions. Keep doing what works, just don't think you should double down on a strategy that stops working. The lure of 'good enough' trades- You're sitting there, waiting for the perfect setup, and boredom creeps in. Suddenly, 'good enough' trades start looking tempting, and you're making moves out of impatience rather than insight.  When you get bored, you take trades you don't normally would not take, because you aren't even around to see the charts. The best way to avoid good enough and what works best for my lifestyle are taking longer timeframe trades and to trade high probability math-based options trading, It's a game of probabilities offering a more passive income stream that fits my life. Just because day trading doesn't fit into my style it doesn't mean anyone else should or shouldn't trade a strategy. Day trading might promise bigger profits, but it also has potential for bigger losses. For me the time commitment to watch the charts every day, candle by candle impacted my most precious commodity—time. We have a finite amount of time in this journey we call life. I want time freedom over larger profits. What's right for me might not be right for you. I choose to take trades that have high probabilities of winning. With many options trades I don't even have to be totally right. That's why selling puts is my favorite strategy. When the time is right, you just might see me taking day trades and posting them in our discord ! But until I see a nice trending market, I'm sticking with my passive and profitable strategies! If you need help reach out to me , join our community. I’ll see you here next week, hopefully I’ll catch you in our Discord  much sooner than that! Happy Trading Good Kids! Disclaimer: this is NOT financial advice. I’m basically just some dude on the internet who’s been trading a while, and I use the stock market as my primary source of income. None of this is financial advice it’s purely educational!

As someone who’s been investing in stocks for over 25 years, I sometimes feel like the odd man out at real estate meetups. Many investors think stocks and real estate are worlds apart, but they’re more alike than you’d think. Last weekend I was out in Denver at a Better Life Tribe Real Estate Summit. I picked up some key insights. I've been a member of Brandon Turner's Tribe since it started and it's made a huge difference in my wealth, health and relationships. If you want to talk about it, email me , my affiliate link is above doesn't cost you anything extra, helps reward me if you use it. RSVP and Mark your calendar: I’m hosting a lunchtime webinar on May 22nd at 12 pm Eastern. After 25 years in the game, I think I’ve got a pretty good handle on this, and I can help you! Stock Market Mastery using a Real Estate Mindset Many real estate investors forget stocks are assets too. Just look at my Google, Amazon, Costco, NVDA, and Walmart shares that I've owned for more the 20 years—they’re like my own little rental properties because I understand how to sell options against the shares. Sure, the stock market might not offer the same tax perks as real estate, but if you get educated stocks can generate passive cash flow in stocks and you can have a great portfolio of real estate too. Here are my key takeaways along with pictures I took during the event: Not taking action is the most common mistake People are scared to make a mistake, analysis paralysis takes over, and fear causes you look for a perfect deal/trade. Once you do a little research it's more important that you take the next step than it is what step you take. You are going to make mistakes, trades/deals won't always work. Have a plan, have a support system and just decide to take action. You need processes and systems to be successful Create a plan that makes sense to you, build a process to execute your plan. The process should be as simple as possible. Have a simple trading plan, have a good system for your real estate are key to success and scaling. Complicated processes lead to confusion and poor execution. Tactics need to change over time Remember nothing works all the time, the key to success in real estate and stocks is understanding that tactic's need to change and principals remain constant. You need multiple tools in the toolbelt because when you only have a hammer, everything looks like a nail. Block out the Noise Our brains are wired from days where we had to be on alert from the predator trying to eat us in the middle of the night. Fear and negative news is what gets people's attention and the talking heads know this. Investors need to block out the noise. Stay true to your plan, it's ok to be a contrarian. It's not ok to get too confident, or give into our emotions. Know your why! (and it's not money) Why do you want to be successful? Realize that money and materialist goals are NOT the real goal for investing. Money is a tool. Have a written why of why you want to make money in Real Estate and Stocks! Because when you aren't making money, you have to keep going! Intrinsic and Extrinsic apply to Real Estate and Stocks! Understanding intrinsic and extrinsic values are important. We often focus on things we can't control, you can't control external factors like the market so focus mainly on factors you can influence. Understand how the market prices this in. Predicting the short term is so hard Make educated guesses, but have a plan that accounts for longer term success. I sell puts because if I'm wrong in the short term shares never expire. I wrote about why I'm not a day trader . This was reinforced during Brian Murray's presentation. Find Opportunities when others are scared When other's do not want to buy, that's when you can make creative deals in real estate, that is when you get bargain prices in the stock market. I made more than years worth of salary selling options on META (facebook) when most people didn't see the bigger picture. I did it again with JPM (JP Morgan). Warren Buffet said it best. " Be fearful when others are greedy, and greedy when others are fearful." It's not easy, and that's actually good If it were easy and simple everyone would do it... Getting rich quick is equivalent to winning the lottery in both stocks and real estate. Real wealth benefits from compounding. Not just compounding your capital, but compounding your knowledge too. Avoid the coaches who tell you they have the holy grail method for making money. Whatever they charge for the strategy, that is their shortcut to building wealth. Diversification is very important David Greene called it portfolio architecture, but I call it diversification. If you want to be as successful as possible in all market conditions (meaning having ability to withstand ups and downs) you need multiple asset classes. The stock market has dips, the real estate market has dips, and humans have dips Brandon Turner reminded us that we're all going to have dips. He referenced Seth Godin's book 'The Dip'. Results are not linear to our efforts and the most successful are the ones who push through the dip. There were far more takeaways, but you are probably tired of reading, and I'm tired of typing :) Join me for the webinar , Join GKT Newsletter , or if you are really serious I'll see you in discord much sooner. Happy Trading Good Kids! I provide all of this to you for free. If you enjoy this, perhaps you'd consider  buying me a coffee . If you have feedback please let me know . I'm here for you! None of this is trading advice, it's for your education in hopes you can make money in the market as I have done. I’m basically just some dude on the internet who’s been trading 2 decades, and I use the stock market as my primary source of income. None of this is financial advice it’s purely educational!

Good Kids Trading (GKT) believes in building trade plans that consider math as well as the charts. We look for trades that have a high probability of hitting our profit target which in turn increases our win rate. We also believe in diversification which helps mitigate risk. I realize everyone doesn’t have a large account so let’s build a GKT Playbook for a Smaller Accounts. Accounts under $25,000 are harder to trade. You are subject to the Pattern Day Trading (PDT) rule which only allow you to make three-day trades in a rolling 5 day period, as long as your account is under $25,000. The rule really sucks, and diversifying your account seems difficult as many stocks are expensive. We need to be careful when our trades hits the profit target same day, and we need to find stocks with a lower share price. It’s not impossible to trade accounts under $25,000, we just need to take these into consideration.   Diversification using ETFs: Many trading groups won’t admit it, but when you have a small account putting your capital in an ETF that tracks the S&P 500 provides easy diversification. There's nothing wrong with investing your account in VOO (Vanguard's ETF that tracks the S&P500) while you continue to save and add contributions to continue building your portfolio's capital. Although VOO does not have options there are some advantages over SPY.  VOO automatically reinvests your dividends. VOO has slightly outperformed SPY the last couple of years. As you invest your real money in VOO, you can learn to trade using a ‘paper account’ building your confidence in the strategies I’m discussing below without the risk of losing real money. Your capital is diversified in the top 500 companies in the United States! Diversification in trading: When your account's buying power can afford 100 shares of at least 3 companies you can start more actively trading while being diversified. Your plan should be simple: Choose stocks with a share price under $100 Pick stocks from multiple sectors. Choose best of breed, purchasing the stock that you believe are undervalued. I realize ‘best of breed’ and ‘undervalued’ are subjective terms. Use stock screeners such as finviz, and look at holdings from the sector spider ETFs (checkout this blog on SPDRs) Have weekly support and resistance lines on all of your charts. Remember we buy at support and we sell at a resistance. If a stock breaks support you need a stop loss: we're not trying to be Superman and show people our holding strength. You are going to be wrong on some of your trades, that’s fine. But, get out and find another trade. Don’t stay wrong! Strategies for you trading: A couple simple strategies to consider are wheels and pyramids. I wrote detailed blogs on both of these strategies. Read about the Wheel! Read about Pyramids I know these strategies may seem boring, and honestly you can choose from endless strategies. The reason I focus on wheels and pyramids starting out is because they both use shares as well as options. Remember shares never expire, where as options do. By choosing higher probability trades this increases our win rate and gives us longest time frame to be right. If we are wrong, we still have shares! Of course you can do swing trades, you can sell futures premium, or even consider buying options. But these strategies are not my first choice for trading in smaller accounts. Growing your account and scaling: Growing a small account is best done with capital injections from saving money. I know you don’t want to hear this, but deep down you know it’s true. Start putting regular cash deposits into your trading account and build up your balance! The strategies I discussed above scales regardless of the capital in your account I would prefer your account be more than 25k to avoid the PDT rules, however you can definitely start with less just make sure you do not violate the PDT rule because trading becomes nearly impossible once your broker is required to lock your account. Summary: Trading with a smaller account has a couple extra challenges, the strategies that I've described will probably not triple your account in a year. But these strategies will help you become a more passive profitable trader. As you save more capital start adding more underlying to your portfolio your 3 stocks become 4, 6, 10, 12, etc. As your portfolio's account size grows your confidence also grows. The compounding effect of simple strategies is powerful for your mindset and your account balance. You can start adding more strategies once you have more capital and you have the experience to execute the simple strategies above. Then you start to take more speculative trades along with the simple strategies I mentioned above. The losses from speculation trades hurt less when you have consistent strategies with higher win rates.   That’s my playbook for small accounts. It’s what I’m doing in the “modest money maverick” channel of our discord. It’s what I did starting out as well! Subscribe to the GKT Weekly Newsletter , or if you are really serious I'll see you in discord much sooner! Happy Trading Good Kids! I understand the stock market can feel intimidating and complicated, if you want some extra support, I help people skip levels, schedule a free discovery call with me . Lets talk stocks and see if I can help you! Click on the image below and setup a time that works for you! This is not trading advice, it's for your education. I'm a dude on the internet who’s been trading for 2 decades, and I use the stock market as my primary source of income. None of this is financial advice. Any trades or decisions you choose to make are at your own risk, this is purely educational!

Hey GKT This blog post is aimed to answer the question, “How do I start trading options?”  By no means is it the only place you can start or even the best place to start.  Even if you’ve already made a few trades, I hope this post will give you a new idea.   How to Start Trading Options The easiest way to get started trading options is by selling a put option.  Literally, just one put.    With that, I could almost write a nice farewell paragraph and call this post written. BUT, at GKT we are interested in teaching you and helping you understand the hows and whys behind making trades.  This kind of knowledge can help create a never-ending stream of income that takes a few minutes of “work.”   Some of you may be skeptical of why we do it for free or wonder, what is the catch?  The “catch,” if you want to call it that, is that we hope you will be excited to post your trades in our free Discord.  We all look at stocks differently, so when you post a trade I may have missed, you allow me to ALSO profit by your “work.” Since I already post my trades there, we will build each other up!   Alright enough about that…   Guidelines to Selling Put Options Understand your risk Develop a plan around the risk you are willing to take Evaluate the options chain Determine your “exit plan” Place the trade Follow your plan   Risks to Selling Put Options When you sell a put, you agree to buy the stock at the price where you sold your put in the event the stock’s price drops below that level before the expiration date. All options are effectively "contracts" between buyers and sellers. Often times an option will be called a "contract."   Example: AAPL stock is currently trading at $84.  You decide to sell a put at the $80 strike price which expires in July.  For doing this “work,” you “earn” the premium associated with that option.  Let’s say it is $1 per contract.  Remember all option contracts are for 100 shares, so in this example you would earn $100 real dollars.   If on the expiration date in July, AAPL is at some price greater than $80, you get to keep all the $100 you earned, and the option expires worthless.  This follows the same concept as a coupon that you could have used at a grocery store, but you forgot to use it before it expired.   If on the expiration date in July, AAPL is at some price LESS than $80, you will be forced to buy 100 shares of AAPL at $80, which will cost you $8,000.  But remember you earned $100, so you really only spent $7,900. In short, the biggest risk to selling a put is the stock price falling BELOW the price where you sold your put which results in you buying 100 shares of that stock.   Reducing Risks when Selling Puts Here are some ways to reduce your risk when you sell a put Make sure you can afford to buy the 100 shares of stock In essence, this means to trade within your budget.  If you are car shopping, you wouldn’t walk into an exotic car dealership if your budget only affords a 1988 Ford Escort (my first car!).   With this in mind, figure out how much you, in a WORST CASE SCENARIO, are willing to risk on any one trade.  If you want to and can afford to trade TSLA, go for it! But don’t trade TSLA on a Ford Escort budget.  Trade stocks whose price make sense for your account size.    You don’t want any one trade gone wrong to abruptly end your trading career.  There are things like “margin” which allow you to risk more money than you have in your account.  If you are new to trading, pretend like it doesn’t exist.  If you don’t have the cash, don’t make the trade.   Sell puts in companies that you understand and don’t think are going to go bankrupt any time soon.   This rule reduces risk even further because in order for max loss to occur, the stock would have to go to 0.  Companies like KO (Coca-Cola) that have been around for 100+ years are UNLIKELY  to go out of business.  But just because they are a big name doesn’t mean that your 100% safe.  Remember Kodak, RadioShack, and Sears?  If not… these were once household names that went bankrupt.  If you don’t believe me, ask someone with some grey hair.   When you first start selling puts, choose stocks that you at least have a general understanding of how they make money.  "KO sells soft drinks" is about the level of understanding you need.  If you can’t summarize a company’s business in one short sentence, don’t trade it until you know what you’re doing.   Use support lines and major moving averages to your advantage!  Check out this article on Moving Averages here for full details on these concepts   This rule comes into play because you don’t want to sell a put on a stock that has nothing between it’s current price and zero, like the example of CHWY above.  If the stock’s price looks like an arrow falling back to Earth, take your business elsewhere. There is no need to force anything when a stock's chart looks like this no matter how tempting the premium may be.   In general, I like to sell puts below levels of support.  Support levels are places where the stock’s price stopped going down in the past.  Long-term moving averages like the 100 and 200 SMA also tend to be good support.  I try to sell puts that have a lot of support areas above my strike price. The example I've used does NOT meet those criteria because the 80 strike is above the 50EMA (yellow), the 100 and 200 SMA (blue and red, respectively), and above an area of previous support.   Evaluating an Options Chain This topic in itself can be a whole series of articles.  However, this article is going to keep things simple.    The first step is to determine what price are you willing to own that stock.  Determine this by looking at the stock’s chart and use the support lines as your guide.   Once you’ve done that, then you can open up the options chain and ask yourself these questions: How far away from the current price is your “willing to own it” price?  What is the delta of your “willing to own it” price? How much premium are you getting? There is no hard and fast rule to go with these questions.  You just need to be comfortable with the answers.  For instance, XYZ’s price is currently $100. If you sell a $99 put, there is a much greater chance of you having to buy shares at $99 than if you sold one at $90 or $80.  The trade off is that you make more money (also known as premium) when you sell puts closer to the current price.    Again, no firm rule on this, but I also like to sell around the 0.16 delta and will go between 0.10 and 0.25 delta for most of my trades.  You can find the delta of any strike by looking on your option chain. Think of delta as the probability of a stock’s price falling below that level.  The lower the delta, the lower the probability.  The higher the delta, the higher the probability.   At GKT our general rule of thumb is that we try to collect 1% of the strike price in premium for every 30 days of time you sell.  If you are collecting more than 2% premium, then you should really understand what you are doing and why you are doing it.   Example: XYZ is at $100, you look to sell a $90 put that expires 30 days away and that put sale is worth $0.90.  ABC is at $100, you look to sell a $90 put that expires 45 days away and that put is worth $1.35. Both of these would meet the 1% target outlined above.  You can always go less than 1% but I generally think that the premium doesn’t compensate for the risk.   Real World Example: Exit Plan when Selling Puts An exit plan should cover both winning and losing trades! The plan for winning trades is very simple and honestly boring.   Exit winning trades at 50% of the premium you received.  There is a lot of math and research that supports why this is optimal and is covered in depth here and over at tastytrade .   In fact, I put in my closing order IMMEDIATELY after I enter the trade as a GTC (good till cancelled) order .  You’ll quickly come to love getting these notifications that a trade closes while you are away from a computer enjoying life.   When a trade goes wrong you have a couple options.  A trade going wrong means that the stock price falls and the price touches or goes below the price you sold the put.  There is no “right” way to handle that event.  If you sell enough puts, this WILL eventually happen to you too.  Sometimes I go ahead and buy the shares because I like the company at that price.  Other times I will buy back the put for a loss and sell a second put further out in time, and even at a lower strike price.  Ideally I’ll do this and will collect more money than I paid to close the opening put.  This is what is meant by “rolling” an option .    Example: I sold XYZ put at $90 for $0.90 initially.  The stock price went down and that put costs me $1.90 to close it.  I look 30 days away and see that the $85 put is trading for $2.00 and decide to sell it.  I now have sold an 85 put for a total credit of $1.00.   ($0.90 initial credit - $1.90 cost to close + $2.00 credit on 85 put = $1.00)   If this is confusing, join our discord and you can see us making these types of decisions all the time.  We also gladly explain our reasoning behind what we do.  You’ll even find examples where several of us are in the same trade but choose to manage differently based on what we think may happen next.    We also manage our put sales at 21 days to expiration (DTE).  Again, there is a lot of math and research behind this.  If we are profitable at 21 DTE, I typically will exit the trade even if it hasn’t reached 50% profit yet.  We also use 21DTE as our deadline to roll out losers or just cut our losses and exit the position entirely.   The important part is that you know what you plan on doing BEFORE you enter the trade.  Make sure to know your plan for in the event that the stock’s price goes higher or lower.   Sell the Put Once you’ve done everything above you have to do the easiest part of the whole thing, sell the put.  Literally takes a few clicks of a mouse and you’ve done it.  Now sit back and let the trade happen.  These trades take a couple weeks sometimes, so don’t get in a rush.  Just relax.  Set up your 50% closing order and go enjoy living!  Mark your calendar for 21 DTE and set some alerts on your chart if you want, but most importantly you gotta step away from the computer and wait.   Follow your plan This is easiest with winners as your trade closes automatically for 50% profit.  As outlined above, the losing trades come with the emotions of loss and anxiety.  That’s why we think of our plan before we get into the trade.  In fact, you should write out your plan and reference it often.  As tempting as it may be, avoid straying from your plan.  You made it in a clear state of mind so don’t go doubting it when you’re stressed.    We all have losing trades.  Managing your losing trades well is what separates successful trades from bankrupt traders.   Putting it all together Selling puts is a fundamental option trading strategy that even beginners can learn and execute with high levels of success.  Keep these principles in mind and you’re ready to get started. Understand the risk you’re taking and make sure you’re okay with it.  Know your budget! Develop a plan around the risk you are willing to take.  Evaluate the options chain.  Target 1-2% of the strike price in premium for every 30 days of time Determine your “exit plan.” General guidance of 50% of premium collected for winners and otherwise manage no later than 21 DTE. Place the trade with a few clicks of a mouse. Follow your plan. Don’t let emotions change your plan! We sell puts daily at GKT. In fact, we like the strategy so much that we've written more than a couple blog posts on it. Beginner's Guide to Selling Put Options Focus on Outcome, not P/L of Put Sales Generating Passive Income with Put Sales If you want some articles that walk you through actual trades, check these out. SCHW Put Sale Deep Dive Walgreens Put Sale Join our Discord and trade with us.  It is free to join and you’ll see exactly how, when, and why we sell puts and also how we manage our trades.

Hey, everyone! After creating and maintaining my watchlists , lets talk about the power of alerts. Just like my watchlists, my alerts also follow my trading plan. Whether you're using TradingView or a different broker, you can easily set up these alerts. But remember, if you’re on TradingView, your subscription level might limit how many alerts you can have. I keep my alerts simple, and I make sure I don't setup too many. If you have alerts for everything you will start ignoring your alerts making them pointless. Only setup an alert if you want to take action or your really need to know. My most basic alert is looking for buy and sell levels. Remember when we talked about setting support and resistance on the charts of our watchlists? Well, for my favorite stocks, I like to also set alerts around those levels. This way, I get a heads-up to maybe sell some puts or buy more shares. For the most part, my price alerts tend to be on the support side. But I do setup alerts at resistance for stocks where I sell covered calls, or stocks, like CSCO and INTC, that I like to short. By keeping my alerts simple and relevant they make sure I don’t miss anything. It might sound basic, but trust me, these alerts save me from missing good trades. I don’t have to be glued to my screen, I can just get on with my day and let the alerts tell me when I should pop back in because I know the alerts I have are meaningful. Slightly more complex, but I also use TradingView to set up alerts on technical indicators for things like the DMI and MacD. This means I get a heads-up when something interesting is happening with these indicators. Yes these alerts trigger more often, I have them setup to notify me in less intrusive ways. These go to a special folder that I just review once or twice a day. As I go through the list of alerts if I spot a good setup, I turn to my color-coded watchlists to help me keep track. So I’m taking a large list of stocks, waiting for an alert on the technical indicator I like to trade, then narrowing down the best trades using a dynamic watchlist. You see how it all ties together? My trading plan, watchlists, and alerts all work together in a system. This system takes large amounts of stocks and keeps narrowing down the information until I'm looking basically at what I believe is the most relevant trades. This is how I keep my trading time down while still making sure I'm on top of everything. This is just my way of doing things. I hope it gives you some ideas, but don't forget to make it your own. If you found this useful let me know ! I love talking to people interested in trading (a quick thanks is always nice too). If you want more information you should join the GKT discord to discuss these tips in more detail and connect with like minded people who trade the stock market! Keep Calm and Let Theta Do the Work! Until next time happy trading Good Kids!