Markets have defined and specific cycles. This is because investors and traders are emotional – whether we choose to be or not. Everyone has the best of intentions when entering this business right? We all want to make a ton of money with as little risk as possible – who doesn’t. Where some traders fall short ...…
Nothing major to discuss today so I wanted to post a couple charts that I think are worth looking at. Take from this what you will but I think it’s a great representation of how support and resistance continues to be a great trading tool. MSFT – Microsoft GS – Goldman Sachs F – Ford ...…
Understanding option pricing and value is critical to becoming a successful trader. How can you know what something is worth (or what it could be worth) if you don’t know what factors go into its price? Take gasoline prices for example. We all know that consumer demand, seasonal changes, crude oil prices, refinery productivity, state ...…
There are some basic principles and rules that will make you successful trading regardless of what you trade. These are interchangeable for stock traders, option traders, future traders, and even forex traders. It doesn’t matter what you trade, it’s how you trade that makes you successful or not! The 7 Day Challenge Only about 5% ...…
Calendar Spreads are becoming more popular even though I don’t really favor them. It’s that not that they are a “bad” strategy, my trading style just favors others. Calendars are however a great tool to have in your portfolio and as part of your overall trading arsenal. Why Use Calendar Spreads? Calendars are a great ...…
Iron Condors are a great strategy for option traders. But like all things in life, there are some key points that you need to understand completely before jumping in with both feet. Iron Condors are a relatively conservative, non-directional trading strategy that when used properly can produce some very nice monthly returns. As the payoff ...…
Credit Spread Strategy: 4.33% What a great month for the Credit Spread strategy – very profitable. We had a good mix for March with 2 positions on either end of the market creating a very net neutral portfolio. Moreover, we did a great job before selling Call spreads right before the sell-off. Just great timing ...…
Not exactly the start to earnings week that the market was probably expecting but I think it’s good to see some profit taking after such a huge run. The S&P 500 in particular has been really great these past couple weeks, trading nicely between the support and resistance levels I’ve gone over before. In this ...…
Finding new trading ideas is hard work. Trust me I know, I’m constantly looking for the “low hanging fruit” when it comes to stock and options trading. I don’t want the trades that I have to over analyze and look at 100+ times over to confirm something. There are hundreds of securities to trade and ...…
I’m a morning guy. I like to wake up early and get started right away on the day’s work. I just feel more productive in the morning and as some of you know, it’s not rare that I’m emailing members at 6am or even 5am sometimes. That’s just me of course. Every option trader has ...…
Earnings season kicks off today and I’ll really be interested to see how things start shaking out. As I mentioned in the Weekend Trading Video, crude oil’s rally will eventually start to effect consumers and companies negatively. Rather than looking at the actual numbers, I think that the company guidance will be more influential. Will ...…
Everyone wants to learn the “secrets” about trading the stock market. What are the “secret” indicators or the “secret” formulas? For most traders, predicting the behavior of the stock market is just like trying to train a tiger to walk on a leash – it’s virtually impossible! (unless your are this idiot) The North American ...…
Stock market corrections are hard to predict and can often times hit traders hard. The recent bull market has seen a few corrections and each has wiped away profits in a matter of days. Corrections are said to adjust equity prices back down to their actual value or support levels. In reality, prices go down ...…
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