MTM Options Trader Newsletter - Tips on How to Improve Your Trade Entry and Exit

[image]( [image] This Week in the Market It was another calm week as the major indexes were quiet with Nasdaq slightly outperforming. Not much has changed from previous weeks in terms of market outlook. Traders and investors should maintain a non-bearish (neutral to slightly bullish) bias for the overall market until proven otherwise. The major indexes continue to slowly pull away from their 200-day moving averages. The VIX (CBOE Market Volatility Index) closed at a level not seen since February 2020. Is a pullback for the market imminent? There are no relative economic reports on Monday or Friday, but they are packed in tight on the days in between. Included in that group are the latest retail number and PPI number. On Wednesday the Federal Reserve will make another announcement. Although a rate change is highly unlikely, market participants may get a clue about what members are thinking in both the short and long term. Quarterly earnings remain extremely slow for now. Have a great and safe week, and remember to think of yourself as a risk manager first because you need to be! Jun 15: Retail Sales Jun 15: PPI Jun 15: Industrial Production Jun 15: Business Inventories Jun 16: Housing Starts Jun 16: FOMC Announcement Jun 17: Jobless Claims Jun 17: Leading Economic Indicators [Read Our Blog]( Tips on How to Improve Your Trade Entry and Exit Traders strive to sell at the extreme high and buy near the low of a move. Setting precise entry and exit levels is a difficult task, but it is a skill that can be honed. In this business a long position or buy level is recognized as support and a short position or selling price is known as resistance. One of the ways to improve entry and exit is to refer to charts to get a history lesson. Fundamentals Move Markets Economic data, earnings, weather, and supply and demand reports are catalysts for trends, either up or down. Get in the habit of recording all events that alter trends or make them [Continue Reading ...]( MTM Watchlist Here are several trade ideas we will most likely be following in group coaching class this week: AMZN – After a huge rally this week, a pullback may be warranted. The $3,295 level looks to be potential minor support and possibly a good area for a bull put spread. CAT – The stock moved dramatically lower this past week and below some previous support at $225. A potential call calendar around that level may be considered if the stock does not gap a lot lower on Monday. AAPL – An iron condor may be an option as the stock continues to trade between its 50-day and 200-day moving averages. The question, however, is will there be enough premium? [image] LIVE Event: 'How to Get Outsized Profits by Trading Momentum' During this training, options trading expert Dan Passarelli will share... * How to Find the Best Trade Setups in Stocks * A Step-by-Step Guide to Simplify Your Trades * A Stress Free Approach to Get Your Life Back Tuesday, June 15, 7 p.m. Eastern [Register Now]( The strategies in this newsletter are for educational and informative purposes only. All information disclosed in this newsletter should not be considered complete in its entirety. Market Taker Mentoring, Inc. will not be held responsible for changes, oversights, errors or omissions. Dates, prices, news and other information may not be accurate. Please verify all information before trading. You alone are responsible for your own investment decisions. Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD), which can be obtained from your broker; by calling (888) OPTIONS; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement in this newsletter is intended to be a recommendation or solicitation to buy or sell any security or to provide investment or trading advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions. Copyright Market Taker Mentoring, Inc. 2008 - 2021. All rights reserved. Reproducing or redistributing this content is a violation of federal law. [image] If you do not wish to be contacted via email, you can unsubscribe using this link: [Unsubscribe]( Unsubscribing from email notifications DOES NOT cancel your class, subscription or recurring payments. We recommend that current students do not unsubscribe from email notifications. If you unsubscribe from email notifications, you will not be notified on how to access the classes or subscriptions in which you are enrolled. Market Taker Mentoring, Inc. PO Box 117 Frankfort, Illinois 60423 United States