Montréal Options Trading Group for Monthly Income

This event topic is on “7 Ways to Eliminate Risk in Options Trading.” Managing a trade that gets tested is one of the most important skills an options trader can learn. Entering a trade without a risk management plan is a recipe for a short term trading career.

Come learn about 7 different ways to manage risk as you enter a trade and as you adjust tested positions. We will discuss a few real-life trades and how we managed the risk towards a profitable trade.

We will do that by covering the following:

HAVE A PLAN - 3 Ways to Manage Risk Before you make your Option Trades:

1. Plan your trade based upon DELTA.
2. Number of Contracts, Allowed and Max Loss perimeters preset before entering the trades.
3. Diversification of Underlying (non-correlated)

FLEXIBILITY INSIDE OF YOUR PLAN - 2 Ways to Manage Risk when a position is tested.

4. Adjustments for tested positions. Roll up, Roll Away, Roll Out, Take the Loss and move on.
5. Duration trumps Direction – Case study on one or two real-life trades

MANAGING FOR THE UNEXPECTED - 2 Ways to Manage Against Black Swans:

6. Buy Very OTM Puts in an Index
7. Hold Real Assets like Gold and Silver or Options in Gold

Options are the most strategic and dynamic product to trade because they allow the most flexibility and cost-efficiency. However, learning to understand options can be challenging.

In this webinar options series, we will review the basics and provide what we believe are keys to understanding and building a great foundation for buying and selling options. We will build a foundation by reviewing the following:

Part 2 of 3:

1. What is an Options Chain?
2. What are the components of an Options Chain?
3. How should the option chain be used to trade successfully?

Trading options can be the most powerful money generator for a person looking for monthly income or to enhance an IRA account. You don’t want to miss this webinar series on the basics; building the right foundation can prevent your account from collapsing.

This webinar series will help beginners build the right foundation and help experienced traders repair a poor foundation.

We encourage beginners to come and learn!

At this event on "How to Make Money Selling Options: A Case Study" you'll learn:

• How and when the best time to sell a put option.
• How to place the trade. What are the steps you take in assuring your trade has the best likelihood of success.

Case Study One: The perfect trade
• How to adjust your trades without emotions.

Case Study Two: Making one adjustment then back to profitability
• To determine your risk tolerance when a trade is tested. Shared experiences about managing your emotions when trading gets tough.

Case Study Three: Making two or more adjustments to stay profitable.

We encourage beginners to come and learn!

At this event we will discuss "Making Money Selling Options." It’s time to set goals and expectations.

Learn best practices on:

1. The creation of a monthly trading plan.
2. Entering, managing and exiting trades.
3. Understanding Delta and how to adjust your tested positions.
4. Keeping a trade journal and/or score card on your trading.