4. Let’s look at a few
defensive plays from the
Miami Heat during game 7
of the playoffs as
examples.
5.
6.
7.
8. So, what does defense have to do
with stocks?
• What you want is to protect your assets.
• Keep the gains that you have made.
• There are a few things you can do to help
yourself with this.
• Please keep in mind, that your broker
won’t do this for you…and most likely
won’t do it even if you ask them to!
• So what are they?
9. Action you can take to protect
your assets:
Put stops on your stocks – this is setting a
floor for your stock where for the most
part, it will not go below that dollar or
percent amount.
Buy reverse etfs which go up when your
stock/the market goes down.
Sell covered calls on your stock which is
an option. We will discuss this at another
time.
13. Suggestion
Set up a fake account with
Stockrover.com,
Pick a few of your favorite stocks to
watch,
Select one or two sector etfs as well,
And of course, at least one reverse etf say
on gold or silver as a suggestion as they
continue to go down!
Try it – it might not be as bad as you think!
14. You ARE the Commander in Chief
And have the power to write my own script
and choose my own characters.
My characters need to support my goals.
I command my mind, my body and my soul
and will learn to slay the Dragons of
fear, sabotage and impulse.
I will develop the skills to allow myself to be
passionate about myself and the goals I set
forth for my new life of productiveness.
