call options, a small thread.

just for new followers: leap strategies are always multimonth holds for me. i am not interested in a quick 10-100%

here the few actions i execute over all these months.

here is the #silver chart of 2019. imagine i am holding CDE calls. once the calls go in profit, mostly this is after 1 month of red, i wait.

when i have a safe cushion of +- 100% profit, i put a flat stop.

action 1

(2)

from now on, i will play homerun or flat stop.

that means i will try to sell at the exact top, or stop out flat giving back all the gains.

i am not interested in middle scenario's. that's just how i function.

over time, i am only focused on improving my strong hand

(3)

after the 2nd acceleration, the calls are at +300%

action 2: i put a stop here at the golden line, lowest point of the drop before.

for the first time, i am sure of a +70% profit

my mental status is improving and my hand gets stronger

(4)

after the 3rd acceleration, the calls are at +450%

this is my last action. the stop is now put at +200%
mental status is very strong, volatility is all fine

we are now looking for the exit with a guaranteed +200%
in my head, i never had +450%

(5)

finally sold Aug 30 because it was before the WE and we had double topping signs. Missed the last 3 days.

conclusion: it's all mental.

if you start to look at account values, you will get excited. don't do it.

(6-end)