John Locke – Broken Wing Butterfly Master Track Series
Salepage : John Locke – Broken Wing Butterfly Master Track Series
Archive : John Locke – Broken Wing Butterfly Master Track Series Digital Download
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John Locke will demonstrate how to effectively trade Broken Wing Butterfly (BWB) profile positions on the SPX, RUT, and NDX during the Broken Wing Butterfly Master course. The training will begin with the fundamentals and continue to the advanced ideas underlying the broken wing butterfly profile trade. This course does not teach a single technique, but rather the ideas underlying all of the famous broken wing butterfly profile trades, such as how to choose the best entrance and the best upside and downside adjustment tactics for certain market situations.
What you’ll get is as follows:
Entries for Trade
Days to expiry (DTE) – The difference between close and far from expiration and how DTE affects the trade
Selecting wing widths
shattered wing Butterfly vs. Butterfly/call for entries
The placement of your entrance in relation to the ATM and how it affects your adjustment approach
Strategies for scaling entries/adjustment
Strategies for making positive changes
Changing your upside adjustment technique to account for: varying volatility levels
Markets that are expanding
Markets in decline
Sideways markets
Downside adjustment tactics are most traders’ “Achilles’ Heel.”
When and how to adapt to the downside for greatest protection with the least amount of whipsaw danger
Set risk factors such as planned capital, profit target, and maximum loss.
Exits from the Trade
When and how to successfully depart
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