This morning I exited $CSCO on a touch of the outer volatility band for a 77% gain. We're 3 for 3 trading a strategy that back-tested with a 70% win rate. We entered this trade on an oversold buy signal about a week before "Brexit" . My experience reinforces how important using risk-defined options rather than big blocks of stock to mitigate risk. Not only did buying a ddeep in the money option keep me from panicking out of the trade, but had the market kept crashing, I would have been out no more than a few hundred bucks instead of thousands. Here's how we are doing so far. All my trades are real money and in my personal account.
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