Before Entering a Position
* We will chart the stock first!
* Decide on where we believe it will go.
* Review all recent news
* Check when earnings are!
* Look how the sector is performing
* Do a predefined search, search how it did the previous 3 years over the 3 month time frame of the months you are in.
* We will go to the stocks option chain and review the premiums.
* Then we enter the option chain into Java Charts to review a chart of the option chain
* Commit 5-10% of my portfolio to that position!
* Plan ahead or plan to fail.
* Targets and stop loss must be decided.