Playing Chess with the Market to Improve Performance and Maximize Results John Locke
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John Locke NLP Master Practitioner, Certified in Neurolinguistic Repatterning and Ericksonian Hypnosis President of Locke In Your Success, LLC Success and Life Coaching Trading Performance Coaching and Mentoring Professional Trader on SMB Options Desk
The M21is an ADVANCED Level, Strategic Positive Theta Trading System that is designed to maximize returns when we can identify that the odds of certain market movements are in our favor and minimize risk when we can not. Directional??
M3 Bearish Butterfly ROCK M3R CAT ROCK w/ Roll back Mod ROCK
Market conditions are in your favor = $$ Market conditions not in your favor =
Easier to manage Better win rates Smaller draw downs Higher profit targets
Know the type of environment we re entering Know the strengths and weakness of our positions Plan around the market environment and the strengths of the trades Have the proper mindset Trade our plan
Trends Patterns Cycles Targets To determine first where the market is least likely to go, second where it is most likely to end up and third the path it s most likely going to take to get there.
Market is at 1108 Maximum up side value 1165 Minimum down side value 980 Most likely expiration range 1125-1150 Most likely trading range 1070-1165
Handle a move between 980 and 1165 and survive Handle a move between 1070 and 1165 and win something Expire between 1125 1150 for a big win
Market does not go up Trade as 1080 M3 milk it for all we can 10% + Market goes up switch to 1000/1140/1160 ROCK if RUT over 1120 and go for 15+% Reverses down hard ROCK drops back to reverse ROCK and then CAT take what you can get 5-10% Market drops and breaks channel use M3 rules take what you can get 5-10% Market breaks channel then reverses hard to up side and we are too close to expiration to go into ROCK position Hold M3 position do the best you can +/- 5% Market tanks under 980 exit at small loss Market goes up past 1175 exit trade for small loss Max loss? Usually 10% and must be defined in risk plan
Technical Analysis for Income Traders Success Formula of Masters Creating Trading Plans Risk Management Proper Back Trading Adjustment Methods, Trade Execution and Timing Adjustments
John Locke www.lockeinyoursuccess.com john@lockeinyoursuccess.com Facebook: Locke in Your Success Twitter: locke4success 603-738-1795