Thanks, Steven, and welcome to MTG!

Thanks Deron. Trading what you know is obviously the way to go. Just signed up for your newsletter. Looking forward to seeing your ideas.

Steven

Hi Steven,

Thanks for your comments.

We actually do not trade in options, as we prefer to focus on what we know best…stock and ETF swing trading. However, I know plenty of people who use options instead of stops, so I assume it must be a decent strategy (especially if premiums are low).

Like I said in the article, there are many strategies for being a profitable trader and they all are great if they work, just as long as they can be consistently replicated with discipline (not “shoot from the hip”).

Cheers,

Deron

Thanks for the post. I completely agree that keeping stops is paramount to trading success. Do you ever consider buying puts as a form of stop? Especially in today’s market with premiums so low it seems a good way to keep a stop. It has the added benefit of protecting your position from an overnight gap down.

I see that the SMH at-the-money puts going out to June are relatively cheap. Just curious.

Thanks,
Steven