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XLP Trade Recap -15.6% On A Long Call | How To Trade Stocks And Options Podcast
Right on the heels of a win in XLP, we have a loss...
XLP behaved well the first time yet on this trade, it did not keep inside our expected move, meaning that it was performing worse than it should have 75% of the time. We also cover how a long option's Gamma gives you more of what you want vs more of what you don't want versus selling options. Knowing this has helped change our style of trading to be more profitable by having much smaller losses.
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My Name is Christopher Uhl and I'm an Award Winning Trader, Entrepreneur, Author, Podcaster, Speaker, and Coach that partners with entrepreneurial traders and everyday investors looking to get ahead around the world to help them change their financial futures.
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