How I Negotiated A 17% Savings In Trading Commissions By Asking This 1 Question

Each year around the same time I contact my broker to negotiate the commission rate I pay per option contract. I’ve done this consistently for the past 5 years and each time I successfully get reduced option trading commissions. Before I show you how to go about it you have to understand that you probably…

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The 3 Numbers You Must Know Before You Click “Send Order”

Option Trade Order Confirmation

You know that feeling you get, right? You’ve spend hours analyzing charts, you’ve looked at numerous expiration graphs for your next option trade, and you’re pretty sure that you’ve picked out a great trade with a high probability of success. Let’s suppose you chose a 60 day, 10 delta Iron Condor and the expiration break evens give you…

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The Case For Why You Should Never Manage Risk Once A Trade Is Entered

Risk Management

We all know that classic axiom about investing; manage/control your risk throughout the trade. But did you know that it could possibly hurt you? Yes it’s true that managing risk could help you actually lose money! Taking trades off that are losers before they have the ability to show a profit might be detrimental. In…

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Change This 1 Diversification Mistake Before Your Next Option Trade


So many people in the investing world talk about diversification like it’s the end all solution to risk. Spread all your eggs into different little baskets so you don’t get hurt by the big bad market when things go south. Personally, I think this is a bunch of crap! Why would you buy a basket…

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Trading Psychology Is A Bunch Of Crap (Here’s How To Conquer It)

Trading Psychology

If you are prepared to commit to doing a few small rituals everyday, you can see powerful positive changes to your trading results. As emotional investors we can have constant conflict between what we consciously want and what our subconscious mind deems to be what we want or need. Henry Ford said it best. .…

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3 Step Formula To Easily Figure Out How Many Options Contracts You Can Trade

how many option contracts to trade

It’s fairly easy to blow up your trading account. . . Too often traders (both advanced and beginner) allocate way too much to a single trade. They think that because they have a “smaller” account that they need to up the risk and leverage to make money “faster”. What a stupid mentality. . .and I…

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Could You Be Really Messing Up Your Strangle Trades?


You know a big move is coming you just have no clue which direction! You can just “feel” the energy building in the stock – maybe it’s before earnings or some big FDA approval. Whatever the case, a big move is coming and now with the Straddle option strategy you can profit from a move…

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The Order Entry Trick I Know You Underestimate

Order Bundle

Chances are that when you place a trade you send everything into the exchanges in one, big order? Bundling all of the options you want into one order because, well, that’s the easy way to do it. What you may be missing is that by doing this you might actually be putting yourself at a…

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Protecting The Short Leg On A Credit Spread (Case Study)

Credit Spread Adjustment

You’ve made a great credit spread trade and the market is going the direction you wanted. Congrats to you! At this point you’ve made nearly all the money you could possibly make on the trade and you’re left with a dilemma? In this post I’m going to walk through the two major scenarios that you…

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Option Trading Case Study: Finding The Ultimate Strangle Trade?

Options Trading Case Study

I’m trying something new here with these option case studies. Let me know what you think via the comments section after watching the videos because I’d be more than happy to make more. Adding a suggestion of what you’d like to see would be helpful too. . . Strangles = A Pure Volatility Play Strangles…

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