SIGNAL FORMATING

Example: BTO TSLA 100C 12/31 @1.50
🔹BTO or STC = Buy to open or Sell to close
🔹TSLA = Ticker Symbol
🔹100 = Strike Price
🔹C or P = Calls or Puts
🔹12/31 = Expiration Date (m/d/y)
🔹@1.50 = Premium of the contract(s)
🔹SL = Stop Limit/Loss
🔹BE = Breakeven
🔹Trim = Selling a few contracts
🔹Runners = Leaving a few contracts

Position Sizing Guide and Risk Management 

POSITION SIZING

• Normal Alert: 10% of your account
• Risky Alert: 3-5% of your account
• Lotto Alert: <1% of your account 

STOP LOSSES

• My stop loss is 10-20% depending on my confidence in the play. 
• After I trim, I set my stop loss at breakeven/entry price so I don't go red on the play. This prevents losers from blowing your account up. Do not wait for me to signal a stop loss, you should set this as soon as you enter a position. 
• Since I cannot set stop losses for contracts and trim at the same time, I keep mental stop losses. I recommend that you keep a physical one until you are able to control your emotions and stick to those stop losses.

TRIMMING

• I recommend trimming winning positions at 10%, 25%, 50%, and so forth. I will also trim my winning positions just in case the play does go south, so we can secure some profits. 
• Do not wait for a signal for a stop loss. I recommend placing a stop loss at breakeven after our first or second trim. This will prevent a winning position turning into a losing position. 

SUCCESS

• By applying this same strategy, you will grow your account consistently over time. 
• This is calculated by using past data and should not be indicative of future results. This should not make you want to overrisk your account as losses are inevitable and come with winning plays.