The best option trades are produced by candlestick common sense. The best option trades are produced by candlestick signals confirming candlestick patterns. As illustrated in our recommendation to short SPOT, this successful trade was based upon knowing what to look for coming out of a dumpling top candlestick pattern. Expecting a strong sell signal would confirm a strong downtrend confirmation of the dumpling top. Yesterday, witnessing a bearish kicker signal was a strong sell signal that would instigate a powerful down move based upon a strong downtrend coming out of a dumpling top pattern. Visually recognizing these candlestick indications allow the investor to be not only in high probability trades setups but also in very strong profit trades. Specific signals allow for the identification of a downtrend starting, allowing for profitable put trades to be put in place, followed by signals occurring near a pattern breakout would allow for enhancing profitability by putting on additional put spread trades. This modification of the trading strategy reduces the risk after a price has already moved extensively but still participates in further downside movement with logical leveraged option trades. Join us Saturday, April 23 for a full-day training on how to use the appropriate option strategies for the appropriate candlestick signals and patterns. You will gain valuable insights that will allow you to trade much more successfully.
Chat session tonight at 8 PM ET with Guest Speaker Erick Wilkinson. Click here to register.
Good Investing,
Stephen Bigalow
