#options #optionsexpiration #creditspreads #bayonnebridgetrading #bearcallspread

This video and any commentary are for entertainment and educational purposes only. This is not investing advice. I am not your advisor and have no knowledge of your personal financial situation and I am not your fiduciary. I strongly recommend practicing with simulated trading platforms, for a long time, before risking any money in the market. You are on your own here!

Look, there are many places, much better than me that can teach you option trading. Message me, I will not steer you wrong on where to go. My mission is to master option credit spreads and share my journey with you.

In this video, I share an update on my two bear call spreads that are performing well. I also share something I have learned that is vital!

1. Set Rules for Yourself: Don't just trade using your gut or what the graphs look like and please do not copy other people. Know your craft and create guidelines that fit your trading style. That is what I have had to do.

2. Follow those Rules: The technicals of trading are actually pretty simple. What is hard for me is learning to be disciplined and follow my own rules. This requires lots of self development. Reading on a daily basis is mandatory!

3. Document Your Trades: Use excel or something to document every trade you make. Use a journal to record emotion and what you are thinking. This will be more valuable than the trades themself.

4. Review: Using your documented trades and journal, go back and look for ways to improve. Look at the bad trades to see if something could have been done better. Look at the good ones and learn what you did right.

Finally, I used ThinkorSwim to do some backtesting of my trades and added two new rules into my system to see how they might have performed. I will be adding in Bollinger Bands and a 21 Day Management rule into my system.

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About Bayonne Bridge Trading:

In 2017, while on vacation in Disney World, my job laid me off after nearly two decades of high performance. I did my job extraordinarily well, I was always one of the best employees, arrived early, stayed late, did every project and volunteer activity; in the end it did not matter. Frustrated, I made the decision to take control of my financial future and never again put my family's future in the hands of another.

My name is Chris Merideth. I teach people how to utilize options in the stock market to create generational wealth and transform lives. My videos are geared for all traders, both for beginners and experienced traders. The way I teach, it allows me to review the basics and build upon it to more advanced techniques. New beginners just learning to trade would greatly benefit from my videos. If you watch my videos, you will soon learn things that you weren't previously aware of.

I make videos to keep myself educated and to teach and inform others. When I first started trading years ago, I was told that it was impossible to make money in the market, that I should just leave it to professionals. I have learned that we, the retail investor, can outperform the professionals because we are small and nimble. We can also leverage one of the most powerful financial vehicles ever created the stock option!

Chris Merideth, MBA

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LinkedIn:

www.linkedin.com/in/chris-merideth-a6b4a255

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