Last Update: August 2021

The Options Report is a weekly report delivered to PRO members of Tackle Trading. In this report, you’ll receive information, guidance, education, and content that will help you develop as a trader, and learn how to use options to protect cash flow, and speculate in the market.

Key takeaway: Trigger points are there for a reason

Right from the get-go, here’s the key takeaway from this lesson: Trigger points are there for a reason.

If the stock hits a trigger point that means the odds and timing are in your favor for further up or down move depending on the trigger point. We only take a position when the trigger points are hit.

Reading charts is only for traders that time the best entry and exit.

The 3 main steps we look for to enter a trade are:

1. Trend – Bullish, Bearish or Neutral
2. Setup – Is it a swing setup making a pivot point or a Breakout through support or resistance. So, only 2 setups: Swing or Breakout
3. Exact price triggers to buy and sell – When the stock hits this point it has confirmed a new higher high or reversed its recent trend. There is a change in price action.

Now on the Scouting Reports (PRO Members only), we have already found the trends (step #1) and set-ups (step #2), and posted the trigger points we like to see before entering.

If those triggers are not hit, then we aren’t getting the move we want and don’t want to be triggered. If it doesn’t trigger that is a good thing. The worse aspect is getting triggered then taking a loss.

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