A Meme Stock Warning; Also, What’s “Low” IV?

[Money Morning Live] [Money Morning Live] Monday, October 25, 2021 A Meme Stock Warning; Also, What's "Low" IV? Hey there, Money Morning LIVE family! I know we have a lot of fun talking about these so-called meme stocks, or psycho stocks, or whatever you want to call them. But I want to sort of piggyback off of what Kenny Glick said on Monday's show about being careful with DWAC. I just want to reiterate the importance of having a trading plan. There are many ways to trade in the market, but no matter what style someone's using, there always needs to be a trade plan first. Jumping into a trade without a concrete target price and exit strategy is a recipe for disaster, especially when you're trading stocks that move like PHUN and DWAC. So whenever you find a trade idea that's compelling for whatever reason, consider your target price, how long you want to hold the position, etc. Successful trading is much more than picking the right stock; it's about execution and discipline. I know you all love the trade ideas, but make sure you're focusing on how we're trading, not just what we're trading. But don't worry, if you're day trading like Kenny, that does not require actually knowing what companies do. Unless it's a GMO salmon company, then that's something I want to know. (Trigger warning, SteveO.) What's Low IV? We talk a lot about implied volatility (IV) and IV ranks, but what exactly do we consider "low" IV? Mark Sebastian answered this question just last week, [so take a listen, options traders]( [What's Mark's Definition of "Low IV"?]( For more, make sure you're with us tomorrow morning at 8:30 AM ET! Talk to you then. Garrett {NAME} Anomaly Trader & Executive Producer, Money Morning LIVE! [Tuesday's Schedule]( [8:10-9:15 AM Money Morning LIVE]( [9:15-9:30 AM Kenny Glick]( [9:30-10:30 AM Tom Gentile]( [10:30-11:00 AM Tom's Trading Team]( [11:00-11:30 AM Kenny Glick]( [11:30-12:30 PM Garrett {NAME}]( [12:30-1:00 PM Mark Sebastian]( [1:00-1:30 PM Unicorn Hunters]( [Hot Clips]( [Volume Profile Analysis: PFE, QCOM, & RIG]( [Trading a Penny Spike Signal on WMT]( Replays [Friday's Replay 10/22/2021]( Training [Mark Explains Contango]( [Click Here to Watch]( --------------------------------------------------------------- [Predicting Gap Downs with UVXY]( [Click Here to Watch]( You are receiving this e-mail at {EMAIL}, as part of your subscription to Money Morning Live. To remove your email from this list: [unsubscribe here]( or manage your Money Map Press [Email Preferences](. To cancel, or for any other questions or requests, please contact our Customer Service team: [Online]( Phone: 888-384-8339 (North America) 443-353-4519 (International) Mail: Money Morning Live | Attn: Member Services | 1125 N Charles Street | Baltimore, MD 21201 Fax: 410-622-3050 Our Customer Service team is available Monday - Friday between 9:00 AM and 5:00 PM ET. © 2021 Money Map Press. All Rights Reserved. Nothing in this email should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Map Press. 1125 N Charles Street, Baltimore, MD 21201. [Website]( | [Privacy Policy]( | [Terms & Conditions]( [sg_hidden_unsub]