Thread: Side Hustle
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Old 06-20-2021 | 06:06 AM
  #832  
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JamesBond
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From: A350 Both
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I'm gonna throw out another idea. Let's say you bought 30 shares at $210. ($6300). Now you are long that stock. Just decide what you want as a minimum profit and watch the stock until it gets there. Let's say you want to make $30/share. When the stock hits $250, put in a $10 trailing stop limit and let 'er run. It's on autopilot at that point and works like a champ. Now if you are right and it goes to $350/share, you have locked in your profit but it goes right along with the stock. IF there is a flash crash, you sell out and don't miss out on a great runup.

And one more question for you. How do you figure you are applying leverage with purchased ITM calls?
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