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Don’t Blow Up Your Account — Understand Your Buying Power

by | Jan 16, 2024

If you have a smaller trading account, there’s something that’s vitally important for you to understand before you start trading… And that’s your buying power. 

If you don’t, there’s a good chance you could blow up  your account before you ever even really get out of the starting gates, and no one wants that. 

So in today’s short video, I’m going to break down how to understand your buying power and give some guidelines to help you. 

Now, this is your account. And only you can push the mouse button to enter and exit trades. Only you can fully understand your risk tolerance. 

Understanding buying power is crucial, especially when you’re with a small account. Day trading options can replenish buying power if you break even or sell for a profit — but it’s important to be cautious and not risk more than 10% of the account on any one trade.

Check out my video up top and I’ll break it all down for you in a few minutes flat!

As for the day’s top flow…

Tuesday’s Top Order Flow: 

  • AAL Mar24 Strike: 14 Calls premium: $255,568 ABOVE ASK BULLISH
    Trade Date: January 16, 2024 Trade Time: 1:25 pm
  • RIVN Feb24 23rd Strike: 20 Calls premium: $1,122,569 ABOVE ASK BULLISH
    Trade Date: January 16, 2024 Trade Time: 12:41 pm
  • AEM Aug24 Strike: 50 Calls premium: $629,370 ASK BULLISH
    Trade Date: January 16, 2024 Trade Time: 10:35 am 

Note: If no date is listed after the month, it’s the monthly expiration (third Friday). 

Lance Ippolito Trading Team

Lance doesn’t want the CCP spying on him, so you’ll never find him on TikTok. Same goes for other social media sites, which are filled with impersonators, scammers and crypto bros. 

You can only find him on his personal YouTube Channel — smash that Subscribe button! https://www.youtube.com/@LanceIppolito 

And in his private Telegram channel: https://t.me/+-gVwEIwGJhplMTgx 

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

P.S. Check out the World Premiere of Roger’s ‘Gap to Green’ Phenomenon!

Roger Scott couldn’t be more excited this week because something he’s been cooking up is finally ready for the big stage! 

He just hosted the world premier of a new strategy.

Think about this… 

Say a stock like Apple, Tesla or Nvidia — you know, the cream of the crop — were to suddenly tank overnight from a bad headline.

Well, if these stocks meet Roger’s criteria, they could be ripe for a double-digit opportunity when they fill the gap back to the upside. 

Get the Details for This New Strategy Here!

 

WRITTEN BY<br>Lance Ippolito

WRITTEN BY
Lance Ippolito

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