The Best Trading Plan?

Hey there Gail, This morning, we sent you a video about what it takes to earn 6 figures trading options. If you didn't watch it make sure you see it while you still can.

Today though, we want to talk about the importance of building a trading plan. Having coached thousands of people to help them become better traders… We can safely say we have seen it all. Largely though traders fall into three distinct groups when they first join Prosper. 1. Brand New Traders... These traders turn into some of our best success stories because they don't have any bad habits to break. Sometimes we find people with experience investing long term that are just getting into more technical trading strategies. These unfortunate folks don't know what to buy, when to buy it, how much risk they are taking, and in general have no plan at all. Sometimes these people get incredibly lucky but often they just lose money. It is not hard to improve if you fall into this category. Any amount of training is going to help you get better if you are at this point. 2. Some Experience But Not Profitable These people often have an amazing foundation and know their way around a brokerage account… But they are halfway through their journey and they may have gotten lost on the way there… These people are the easiest to help. Most of the time these folks have a good sense of what is going on in the markets and they know what to look for when setting up a trade. Often these people benefit from some of our more advanced trading strategies which allow them to tighten up their trading game and dramatically increase their profitability. 3. Profitable and Successful Traders These people are fun to coach and often allow their own unique trading experience to shape their approach to the markets. They find it incredibly helpful to apply new techniques to their existing trading patterns. These folks can benefit from mentor-ship and advanced hands on training. A plan is important regardless of skill level... Traders must understand and be able to account for the following: How much do you have in your trading account and what can you afford to risk? What is the goal? Huge returns? Steady Gains? What strategies and markets are you going to use? Options? Stocks? Momentum Trading? Swing Trading? What is your risk management plan? How are you setting your stops? What indicators are you watching? Moving averages? Volume? What signals are you relying on to enter and exit trades? How are you evaluating and tracking your success? This morning's video is a great place to start when it comes to building a plan. Best Trades, Prosper Trading Academy

© 2020 PROSPER TRADING ACADEMY, LLC | All Rights Reserved IMPORTANT NOTICE: Stock and Stock Options trading involves a substantial degree of risk and may not be suitable for all investors. Past performance is not necessarily indicative of future results. Prosper Trading Academy LLC provides only training and educational information. By visiting the website and accessing our content, you are agreeing to the terms and conditions. The testimonials contained in this communication were not solicited, no compensation was paid, are not necessarily representative of the experience of all students, and Prosper has not verified the accuracy of the statements contained in any testimonial. Trading successfully is all about finding the right picks and balancing risk with reward. It takes skill, experience and determination. Charlie has put in a ton of work to simplify all of that in this guide. It is a quick read and you will learn something. Things are changing in the market, and you don't want to be left behind. If you're not aware of what I'm covering in this quick 5 minute video, you're risking more than you think.The chance to rewatch a presentation that could literally change your life don't come by every often, so do yourself a favor… Turn off any distractions, and check it out Talk soon,Charlie "big things are coming" Moon.harlie "big things are coming" Moon.Position your portfolio for the rising odds of President Trump winning re-election, according to JPMorgan Chase & Co. (JPM), which says the spread between him and challenger Joe Biden is now nearly even.That's largely due to the impact on public opinion of violence around protests, as well as potential bias in polls, said strategist Marko Kolanovic. "Implications could be significant for the performance of factors, sectors, COVID-19 winners/losers, as well as ESG, though certainly a lot can happen in the next ~60 days."Our Take: If anyone thought that this election was going to be a cakewalk for either candidate, you would be sorely mistaken. We have not seen the last plot twist in this saga.Phase 3 Trials Start AstraZeneca (AZN) is starting Phase 3 trials of its experimental coronavirus vaccine in the U.S., becoming the third company to start late-stage trials to prevent COVID-19.Trial centers across the nation are recruiting up to 30K adults aged 18 years or over. AstraZeneca's vaccine, known as AZD1222, was developed in partnership with Oxford University and has the backing of the U.S. government.Rivals Moderna (MRNA) Pfizer (PFE)/BioNTec (BNTX) already have Phase 3 trials under way, also with federal funding.Our Take: Who will come out ahead in this race-to-finish competition for a much-needed treatment/preventative measure for COVID-19? There is a ton of pressure from the administration to be able to claim victory over the virus.Walmart+ the Answer to Prime?Walmart (WMT) is finally going head to head with Amazon (AMZN) via a nationwide membership program, though the retailer says the new service is "really about doubling down with the customers we have and getting more share of wallet and more share of mind."The program, which costs $98 annually, or $12.95 a month, will launch on Sept. 15. Biggest difference: Walmart+ customers will have to spend a minimum of $35 for each online order to avoid fees, while rival Amazon Prime touts free two-day (and some same-day) shipping on every item.Our Take: Recently, Walmart has proven that it has the motivation to take on world-beater Amazon. Look at the ambition with the Microsoft partnership to bid for TikTok. If anyone can get in the ring with Amazon, it is Walmart.The Stock Tracker by Charlie MoonThe markets refusal to go down is leading buyers to keep pushing the all time highs trade.As in buy the top tick and worry about it later. Why not when stocks and stock markets refuse to drop?This is a great risk on environment, but expect the pullback to take place soon. It may only last a day or two but at least we can finally buy something on sale for once.Other Names To Watch: WKHS, NIO, JD, PTON, DOCUThe Options Corner by Mike Shorr & Scott BauerThe VIX continues to have a POSITIVE beta to stocks. This almost never happens. The market is trying to tell you something. Take the hint and don't get caught overexposed to the upside.On the Earnings Front:HRB (AMC)GSX (tomorrow BMO)LE (tomorrow BMO)M (tomorrow BMO),Stocks To Watch:Bullish: ATVI, MTCH, ROST, STNEBearish: AMAT, DAL, OSTK, RTXBest Trades,

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