Choosing the right strike price when trading options is just as important as the direction of the market. The right strike price can mean the difference between trading success and trading failure. The more often you pick the right strike prices, the higher your odds of success over the long term will be. High delta ...…
Crazy week for the markets wouldn’t you say? But with Friday’s huge break of the most recent 2 month trend and the 25% spike in the VIX, I think we are just starting what could be a very painful February for stocks. But how could we have seen this coming? With my coaching students I ...…
Just last week I warned that Bullish Sentiment was signaling top is close to forming. Here’s the post and video I did showing how Bullish Sentiment signaled at Top close. With the market down today nearly 2.0% or more across the board today and breaking major support lines, do you think we are starting a ...…
Candlestick charting has become highly popular with stock and options traders. Almost every trading platform has candlestick patterns available. If you want to take your trading to the next level, you need to master candlestick charts as they provide so much valuable information about the market sentiment that the other charts simply can’t. These patterns ...…
Options trading has only recently become a viable investment vehicle for people. Five to seven years ago it was on the fringe. Ten years ago it was considered an alternative investment for wealthy individuals. Now trading options daily in the markets has become the ultimate wealth creation tool. Quick Penny Stock Myth Busted Myths in the world ...…
Seems Timothy G. and Ben B. are promising more bailouts of major banks “if needed.” Glad to see these two men of such high ethical standards come running in to boost this market whenever it needs it. With all the earnings and bullish fever spreading through the market, it’s important to take a look at ...…
Personal finance is one of the most important aspects of professional trading. When your trading is your sole source of income, or even part of your ”side income,” you need to make sure you are keeping tabs on every penny you spend elsewhere. Sure your spouse may have a job to bring in money – that’s great ...…
Well congrats to the Packers and Steelers for making it to the BIG SHOW. I’m a Denver Bronco fan but my wife is a die-hard Steelers fan – naturally I’ll support them for her but with disgust for my Broncos for not making it. Anyhow, we are in a fresh new month for options which ...…
The first month of 2011 is now in the books for options trading. Generally is was an “OK” month for our three portfolios. Typically most people think that volatile months are dangerous for our trading system. However it seems more often that when the market is marching higher – slowly day by day – it ...…
Your sick and tired of your old, stone-age broker and platform and it’s time to move right? Now your stomach drops…“How do you move your brokerage account with minial pain and hassle right?” For most people transferring money from one brokerage account to another case seem a little intimidating. But if you are in an unhappy ...…
I probably can’t preach this enough but fully understanding the Time Value of Options is one of the most important factors when trying to determine your trading strategy. With stocks it’s fairly easy. If you think the stock is going higher then buy the stock. You could hold the stock for 2 days or 2 months before it gets ...…
Yesterday was the first day in nearly 2 months that the markets declined more than 1%. The 37-day streak that just came to an end yesterday was the longest since May 2007 – right before the S&P 500 dropped more than 150 points in just 2 months. Each Streak Is Followed With Pain Going back ...…
In this business you are crazy if you don’t have an options trading system to follow. Even a simple 5 step system like the one we are going to show you below will help start to reinforce the necessary trading mechanics you need to profit. Every trader should have a system that matches their own ...…
Today we are closing the position as follows: Trade: Buy to Close SPY January 130 Call AND Sell SPY January 132 Call Premium: $28 (0.28) Net Debit or better per contract Underlying Price: $129.15 Trade Explanation: For the Iron Condor portfolio we are exiting the SPY call spread half of the SPY condor early ahead of expiration week. Similar to the SPX credit spread ...…
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