And how I keep losses on a tight leash! December 01, 2023 And how I keep losses on a tight leash! [LottoX]( ð I [SAJ monthly]( I [Dropping Monday!]( *[together with Vinovest]( Hope you were able to join me today for lunch with Jeff ð®. Looks like I havenât driven ALL of Philly away - at least yet, here was a parting chat comment ð: I was also perhaps upstaged earlier by a guest appearance from T-Con, pro futures trader! Right now Taylor is making a [TON of training videos free]( so give them a deep dive this weekend while theyâre still available! And now⦠Iâm all about playing defense right now. I donât think this is a good time to be a hero and shoot for the moon on trades. That means I will take some quick losses when I am wrong, and thatâs totally ok. What I absolutely can not let is a âmax loss.â The way I trade, there is always a âmaximum profit,â but there is also a âmax lossâ that I could take. When you are selling options (which is the highest-probability strategy I know of), you have the risk of losing much more than you can possibly make.  That may not sound great to you, but it is the trade-off for having a strategy that has such a high win rate. And I do have a high win rate so far this year with my Alpha Hunter trades. But more than win rate,[Iâm focused on the]([BOTTOM LINE](.  As you can see, hereâs where I wrapped up November and my 5th month into my 10k/month challenge: Trading is hard, results not guaranteed and should not be expected to be replicated typically. Iâm well ahead⦠and the trick to making this system work over the long-term is to make sure you keep those losses small. I know, I know â easier said than done â but that is the whole point of what I am teaching here! I want to share with you a new trade that I just made. It is a great lesson in how to bet on a stock going higher, while also harnessing the power of options selling. I think that learning to buy call spreads could dramatically improve your trading. Yesterday, I started a new trade on LLY. If you have been watching any of my live sessions lately, you know I think LLY is going to make a new all-time high before the end of the year, so I want to get long on the stock into the end of the year. One way of doing this could be to simply buy calls. That is true, but as you probably know, just buying calls is a risky proposal. What I decided to do is buy a call spread (vertical). With a long call spread (or vertical), you are buying a call that is typically at or near the money (the current stock price), and then you sell another call that is farther out of the money. You really are betting the stock wonât get to the strike price you sold, and then you get to keep all of the premium on that.  At the same time, you hope the stock goes up, and the call you bought makes a nice gain. Some of the benefits of buying spreads: You can only lose the amount of money you put into the trade. Unlike selling options, you canât lose more than 100% of your potential gain.  Conversely, you can make more than 100% profit if the call spread you bought goes in your favor. It is cheaper than just buying an option since you are selling an out-of-the-money âsucker betâ to someone else at the same time you buy an option with a higher probability of making money. In the case of the LLY call spread I just shared with [Alpha Hunter members](, I have the potential to make 400% on that trade if LLY rockets past $640 by Dec 22 (and I think there is a decent chance that happens). If I am really wrong, I could lose $6. However, this is better than just buying the calls because those would have cost me $8.50. I saved about 30% by setting up the call spread, instead of just buying the call alone. If you can save that kind of money on a trade, I think youâre going to really do better with your trading over the next year. On the downside, I can not profit if LLY trades higher than $640, I will stop making money at 400% profit. Boohoo. ð This is a pretty unlikely event, so I will give up that upside to protect my losses if I am wrong. As I said, I can still make 400% on this trade if it works out, so I am not too worried about missing out on more upside than that! Learning how to both buy and sell options spreads will definitely give you the tools you need in any market conditions. This is the way I have been able to show Alpha Hunter members all of the trades I have taken to get to $59,000 in overall profits since July with that service. This is not some âsmoke and mirrorsâ type of service. It is not some gimmick using a âweird trick.â [This is the same strategy]( I taught my 17-year-old son.  It is the same strategy I have taught to 1000âs of people over the years.  It is the exact same strategy that I use Every.Single.Day for my primary trading. Simple put. When I need something to lean on a technique that I feel has the best chance to help me make money each month â this is it. I am about to start a brand new mission from $0 profits and hopefully grow it to $10,000 in December. You can be right there with me as I make every single trade. I think youâll learn a lot by watching and studying my actual, real money trades in real-time. There is no better service out there and no better way to learn. [Get started with Alpha Hunter right now!Â]( MONTHLY OPTIONS AVAILABLE â check âem out! Jeff Bishop P.S. Check out our sponsor below, God knows I love a good whiskey and Iâm ready to settle in for the weekend! *Sponsored by Vinovest Liquid Assets, Solid Returns If you're tired of traditional investment options that offer little diversity and unpredictable returns, it's time to consider the world of fine wine and whiskey investing. Vinovest makes it easy for anyone to invest in high-quality wines and whiskies with the potential for excellent returns. It's why the ultra-wealthy have invested in fine wine and whiskey for centuries and now itâs your turn to do it too. [Start investing today.]( [Get Started]( ________________________________________________________ ð¥ More GREAT trading resources: [For great training in options basics, start your journey Jeff Williams.]( [For todayâs hottest stocks flying under the radar, hook arms with 360 Wall Street.]( [Click here for unique private investing news & opportunities.]( Questions or concerns about our products? 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