How To Use Chart Patterns To Set Stop Loss Levels

chart patterns

Chart patterns are great tools for traders. Their visual and predictive nature make them a favorite for stock traders especially. But, using chart patterns to set stop loss levels are an often overlooked benefit, and yet they are one of the easiest ways to manage risk. Don’t Focus Just On The Entry We all spend…

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5 Questions To Ask Yourself Before Making Impulsive Trades

trading checklist

There is no secret sauce to control your trading psychology on ever single trade – but you can get better at it over time. More often than not it’s the impulsive trades that become destructive to our portfolio. You know the trades we make on a whim and hope with no more than 15 seconds…

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3 Unbreakable Laws You Must Obey To Be Successful Trading Stocks And Options

trading stocks

Becoming a successful trader is a process. It doesn’t happen overnight or everyone and their mother would become traders. It’s a process of constant research and studying, which can actually be very mentally challenging (yet stimulating at the same time). There are no successful traders who made a killing on the first day – myself…

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2 Reasons Why Keeping Cash Is A Great Idea In Volatile Markets

volatile markets

The past three weeks have been some of the most volatile trading in the last three years; all the more reason keeping a good stack of cash is a great idea in a volatile market. Most options traders incorrectly think that they need to have money invested at all times in the market. They force…

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Using Fibonacci Analysis To Predict Market Breakouts

fibonacci analysis

Fibonacci analysis is crucial to an options trader and almost all traders generally speaking do use retracements and extensions as part of their strategy. It’s a topic that I’ve covered multiple times before here on this blog as well. Over the years Fibonacci levels have proven to be exceptionally accurate at predicting market movements and…

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Options Trading Strategy For Deep-In-The-Money ETF Options

deep ITM options

Exchange Traded Funds (ETF) such as QQQQ, SPY, IWM and DIA all have a broad representation of the stock market, and so tend to be more stable and less volatile than individual stocks. They tend to settle into a trend, and hold it for longer, whereas stocks tend to bounce around all over the place.…

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19 Top Places To Get Real-Time Stock Market Quotes And News

real time stock quotes

This is the information age. With so much information circulating around us every day, it is becoming more and more difficult to concentrate on one thing at a time. Tickers run under the news we watch. Customized videos play as we search for information on the web. One place where extraneous information can be most…

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39 Options Trading Life Lessons For Success And Profit

stock options

In all the years I have been in options trading and coaching or educating new traders, I have come across some really key lessons which have helped me and those I’m coaching, to move forward and develop ourselves into better traders and better people. Of course, I have compiled all of the key options trading specific…

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Little Known Ways To Successfully Paper Trade Options

paper trade options

Let’s face it, paper trading is a necessity for any options trader these days to be successful. The term Paper Trading simply means that you are pretending to trade financial instruments such as stocks, options, and futures using their current prices as would-be buy and sell prices. No real money is put at risk, instead…

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What Can I Realistically Make My 1st Year Trading Stocks And Options?

stock options

The primary reason to start trading stock options is to make money. Your trading income is a vital component of your financial well-being and motivates you to progress in your trading and keep learning. One of the most common questions people ask is, “What can I realistically expect to make in my first year of…

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