ELECTORAL EDUCATION CENTRE

1. Write on the top 1/4 of it the details of the trade and underline it. 2. On the next 1/4 I write the reason for the trade and underline that.

3. Then I divide the bottom of the card in two with a vertical line and On the left side I draw support and resistance lines with $ amounts. 4. On the right side I put the cost of my option (or stock) in the middle left and circle it. Then I draw a line up and a line down.

5. If I expect the stock to go down to make money (buy put, sell call, etc…) I will use the up arrow for the stock price I need to exit at a cost (pull the plug) and also a price of the option where I don't want to risk any more.

6. If I expect the stock to go up to make money I write this information on the down arrow - trying to make the direction of the arrows flow with the trade. 7. Then I go to the remaining arrow and write the stock price my goal is and the price of my option goal.

8. At this point I then go to my REAL TIME MARKET (see below for info) and set the alarms on all of these so that it comes to my cell phone and my computer.

At this point, get on with more important things in your life and let the trade rest of the trade come to you! It is such an incredible freeing up of time, and we all need that.

• I have edited in my three cards from the trades I did today so you can see exactly what I mean with my real trades.
• On the back of the card I keep notes, perhaps if you are in the trade a few days you could log how the option price is going at $X stock price or what was going on in the market.
• If an alarm goes off, my first step is to ask question before I make a move:

1. What is the market the stock follows doing?

• 2. What is the stock doing?
• If you expect the stock to go down, you bought puts, and your upper alarm goes off that the trade is going wrong, I will not pull the plug if it is just kissing the resistance goodbye, so I will reset the alarms.