Good morning.
Europe is FREEZING and DARK right now.
I’ve noticed that my mental condition is directly correlated to my environment.
So I booked a flight and got out.
View from hotel room
Depending on how this week’s trading goes I’ll decide where to go next.
Ideally some island with good Poker games, a BJJ gym and a WARM beach to spend the weekend.
So far it’s looking alright.
I’ve got till Wednesday for the hotel room until I have to bounce.
I got 4 open positions, with 2 at breakeven point, MP and SNAP.
So these are effectively risk-free.
I’ll look to fire $100,000 more into new positions.
Spotted a couple opportunities that are low risk, high reward.
Plus some new tactics I’m testing out which I’ll be sharing soon.
Which brings me to the PRODUCT improvements for The Super Trading System.
You see, what I enjoy spending money on is a GREAT SERVICE.
A boutique hotel, an amazing tailoring experience or a fine dinner.
And I want to reflect that in the products I make.
That’s why I’ll drop updates on a Telegram channel instead. It’s live, it’s fast and more flexible than reports or emails.
Finally…
I’ve had a couple interesting questions come in.
So let me answer them…
Question: What are your thoughts on using options instead of stocks?
I don’t think leveraged instruments are great for beginners.
Options add complexity to trading.
And if you’re just starting out - you want to cut out as MUCH noise as possible.
Keep things simple, so you can focus on your strategy and tactics.
A tight risk to high reward ratio, and proper setups.
Question: How do you determine position sizing and risk levels for each trade?
Position size is always derived off my risk for each trade.
Say I’m willing to risk 1,000 dollars per trade.
And my stop loss would put me at a 1 dollar risk per 1 share.
Means I can buy 1000 shares.
There’s a common point between successful entrepreneurs and stock traders.
That’s to have an incredible eye for gauging risk.
Knowing beforehand which ventures are even WORTH the risk you take.
Alright, have to go back to firing bullets into the stock market.
Talk soon,
Zhihao Huang
P.S. I love getting questions and answering them. Let me know if there’s anything I can help you with.
