Two traders, the same forecast, opposite results. The difference was which call they bought. This lesson turns a forecast into a call that can actually pay.
After this lesson you can
- Turn any forecast into three answers: which way, how far, and by when
- Pick a strike whose breakeven sits inside your target, and read what delta is telling you
- Buy more time than your forecast needs, and size the trade by the dollars you can afford to lose
- Decide before you enter what you'll do with a winner and when you'll leave a loser
- Recognise the five costly mistakes, starting with buying what's cheap instead of what's likely
Chapters
- 0:00Same forecast, opposite results
- 1:33Three questions before you buy
- 2:55Which strike
- 4:42Delta: how much it moves
- 6:20How much time to buy
- 7:56How much to buy
- 9:22When it works
- 11:08When it doesn't
- 12:42Five costly mistakes
- 13:53Recap
Practice in the game: Level 1 · Hitchhiker
Practice with:P&L Calculator