What is the Blue Chip Options system for stock option day trading?
It’s surprisingly simple — as good stock day trading systems should be. We buy only puts and calls, typically for the current monthly only. Using charts, we define the “count” of the market and the current trend. Strict buy and sell guidelines (at what price to buy, sell and to stop loss) are the keys to our system. Blue Chip Options also makes extensive use of support and resistance lines, and the actual pivot points that floor traders use by the minute. Identifying a trend is not hard. Buying and selling profitably is the hard part and our stock day trading system is comprised of “rules of engagement.
It’s surprisingly simple — as good stock day trading systems should be. We buy only puts and calls, typically for the current monthly only. Using charts, we define the “count” of the market and the current trend. Strict buy and sell guidelines (at what price to buy, sell and to stop loss) are the keys to our system. Blue Chip Options also makes extensive use of support and resistance lines, and the actual pivot points that floor traders use by the minute. Identifying a trend is not hard.