How many trades opportunities have you missed? How many ideas would have been the right one, if you had the risk tolerance, time or money to participate in them? When it comes to myself, I could honestly say, it used to be a lot. I once invested in a bio-tech company for 7 months, and eventually bailed…only to see it triple in value. The most frustrating investment for me had to be GameStop (GME).
You see, I was very bearish. GameStop is a video game retailer, and in a day and age where everything is moving online, I felt I had a good opportunity. After all, Netflix caused Blockbuster to become extinct and I felt based on everything I had researched, that GME was next.
So, I began shorting the stock at 35 and then was short more at 40; and by the time it got to 45, the experience was all too painful. It was over a year later that the stock had beaten me up mentally and become my worst trade of the year. I did not have the risk tolerance to short the stock any more after it had gone up 30%. I also didn’t have the time to watch it because it was beginning to have more and more wild swings. And I definitely didn’t want to lose an undefined amount of money.
This is when everything changed and I learned this one simple strategy.
Instead of being short the stock, I bought a put in GME. This one simple tactical change, solved all of my problems. My risk was defined by the debit of the spread. Because this was a longer-term trade, I cared much less about the day to day movements. Because I understood my exposure, all emotion and fear was finally removed from the trade.
GME moved from 45 to 26 and I was officially an option trader. From there I began to ask questions, study, find out what else I was missing. And that’s what led me to the Options Wealth Machine. I discovered that instead of just buying a long-term put, I could look to finance the trade by selling weekly options against it. It functions as a synthetic covered call (or put), which allows for both capital appreciation and weekly premium collection.
It’s now the number one strategy I employ in my own trading and my first choice to recommend to other traders and investors, and today at 4:00PM EST, you are invited to see exactly how I discovered this strategy and how I use it every week.
To learn more about this options strategy simply register now and you will be kept fully in the loop.
Discovering this strategy was the best trade I made…and now it can be yours.
P.S. This complimentary, live webinar is being put on so you can see exactly how this strategy works and if it’s right for you. Register Now because the event starts in 7 hours!
Adam Mesh is CEO and Founder of The Adam Mesh Trading Group. For the past 18 years he has coached thousands of students to all levels of success in trading. He is also creator of the revolutionary Full Contact Trading