This exciting session is the first in a series of webinars where we discuss how to create options trading strategies that fit your personality, how to modify existing trading systems and choosing alternative adjustments.
This session deals with defining parameters. We use M9 design as an example of designing a trade and discuss the processes with the pros and cons of different trade methods. This one any trader will want in their library to watch again and again. (69 minutes)
| Session Index | |
| Time | Index |
| 0:49 | Introduction to the trading lab. What is the trading lab? |
| 2:53 | You will always struggle with trading until you truthfully and completely decide when you are okay to take a loss. |
| 7:42 | Questions to ask prior to trade design. Under what circumstances am I willing to lose? |
| 12:05 | John Locke takes questions about how to create options trading strategies. He also speaks a little on M21 type trade design. |
| 25:47 | Predecessor of the Bearish Butterfly. John Locke gives the backstory of why and how the M9 was developed. |
| 26:49 | John Locke tells the story of the losing IC trade in RUT that was the catalyst for the M9. |
| 29:53 | John Locke talks to his coach about the losing IC trade and why the percentages don’t add up. |
| 31:34 | “I can make more money working at McDonald’s!” The birth of the planned capital concept. |
| 33:33 | M9 Trade design. What is the income trade with the highest profit potential and how can I increase its range? |
| 37:13 | “This is Interesting!” Visual comparison between a butterfly and iron condor and compelling observations. |
| 45:35 | How much return is a strategy like this going to yield? |
| 48:44 | John Locke explains how he got so good so fast. Focus on what matters. |
| 50:54 | There are many different types of trades using the concepts of the flat T+0 line and low risk. |
| 52:15 | Is discretionary trading the best way to start? |
| 57:37 | What does “M” stand for and the progression from M3 to M9. |
| 59:26 | Trading into expiration with high gamma, big gains and big losses. |
| 1:00:19 | Every action you take has consequences. Final observations on M3, M9 and Bearish Butterfly. |
