Peter Reznicek

I try to coach/guide/educate.
Fact: Simple base breakouts PAY THE BEST. And...Leading stocks in Leading groups is where $$$ GOES and where $$$ is MADE. All are owned.

$QLD....we own the the NAZ 100 with 2 for 1 leverage. Love that. And riding trends PAYS us with less hassle.

Remember way back when (it was on May 1st but that's an eternity in this market) when I thought the SPX would stop at 7200 and turn lower?

At the time I put on a long put vertical of 722/697 in the SPY with an expiration of 5/29. While that was dead wrong at the time of entry, the trade ended up actually making a bit of money. How I did that could be it's own post which would be a LONG thread.

I leave you with the last thing I posted on this trade in the interest that it may be of help to you. Read the part in blue at the bottom and think about it the next time you are wrong and are at the crossroads of where you can get out break even or for a small gain. Especially if the trade is fighting the tape in the bigger perspective.

As I've said a million times, anyone can make money. Very few know how to not lose money.