Why We Didn’t Trade This Week… And More
A reminder about our trading strategy…
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Nomi Prins uses her proprietary momentum model to select options on companies from a pre-screened target list that also demonstrate discernible volume related activity to produce big gains within the day. The option trades, if appropriate, are placed either Monday or Tuesday and should generally be trading near or below $0.25 per contract. Exit limits are suggested along with the alert according to each reader’s risk tolerance and they are also advised to exit the trade before market close on the same day if those limits aren’t hit to mitigate downside.