Long Bull Call Spread Trader Made 2 Million Dollars

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In this episode Henry Moldavskiy shares his experience of using bull call spreads and other strategies during the remarkable growth of his portfolio in 2020 He emphasized the importance of taking calculated risks and diversifying your portfolio when necessary to adapt to changing market conditions Henry apos s journey from a 100K account to a multi-million dollar portfolio serves as an inspiration for traders looking to achieve financial success through options trading Henry apos s transparent approach on his YouTube channel and his commitment to educating others on options trading demonstrates the power of authenticity in the world of trading He encourages traders to focus on gaining knowledge and experience and emphasizes the importance of both profits and losses in the learning process His story is a testament to the potential for success in trading when approached with dedication and a genuine desire to help others Bull Call Spread Strategy A bull call spread involves buying a call option and selling another call option simultaneously to offset the cost and limit potential losses Henry recommends bull call spreads as a go-to strategy because they offer a structured approach with limited risk He suggests starting with slightly out-of-the-money call options for example buying a 100 call option when the stock is at 90 and then selling a 105 call option The cost of the strategy is reduced because of the premium received from selling the second call option The maximum profit occurs if the stock reaches the strike price of the short call option e g 105 Connect With Henry Moldavskiy Website https www investwithhenry com YouTube https www youtube com InvestwithHePractice Partnership Monetizing Your Dental PracticeDoctors are you interested in building long-term wealth and continuing on as an Listen on Apple Podcasts nbsp SpotifyWelcome to the How to Trade it Podcast with Casey Stubbs Grab your copy of the Complete Trading System This book teaches you how to build a trading system from the ground up and how to become profitable in the markets Support the showConnect with Casey Website https caseystubbs com YouTube https www youtube com TradingStrategyGuides YouTube https www youtube com caseystubbs Facebook https www facebook com TradingStrategy LinkedIn https www linkedin com in caseystubbs Twitter https twitter com caseystubbs316 TradingStrategyGuides com https www tradingstrategyguides com Global Prop Trader https globalproptrader com Email podcast tradingstrategyguides com