Well it was a wild day today, shorts did very well, longs got clobbered, traders coming into today in cash were pleased with their position unless they went bottom fishing. It was a strange 24 hours with futures gyrating over night deep in the red then it recovered […]
Todays Chart Action:What I see Read More »
The biggest question I have received today from everyone, new traders, friends, family, even my wife is “What will happen to the stock market if Obama wins?’ or “If Romney wins will the market rally?” How should we trade the election results? …..Don’t. Do not let the results color your
How to Trade the Election Results Read More »
As the U.S. presidential election approaches the market is in “wait and see mode” with key resistance and support levels. While it is possible to trade these ranges for those that have the desire to be active there is always the option of waiting in cash for a trend to
We are Range Bound & Here’s the Range Read More »
Let’s get some perspective here before we believe Apple is going out of business or that the stock is going to $300 or a 6 P/E ratio. The indexes are holding up very well, the $QQQ is at the 200 day support, The $SPY is holding up at $140 like a champ, and
My Key Chart Levels for APPLE Read More »
In trading, activity alone does not make money, the right activity at the right time is what makes money. Many times the right thing is to do nothing. Over trading is one thing that causes traders to lose money. You can not make money every day in every trade. Every
The 4 Things A Trader Has To Know Read More »
I love trading liquid weekly options, they are amazing tools if used correctly. Weekly options give a trader leverage, risk management, asymmetric trades, and the ability to make triple digit returns on capital at risk. I know of no other tools that have such upside and limited downside. And many of the weekly options like SPY, IWM, QQQ,
The Power of Trading Weekly Options Read More »
Do you really, really, want to be a trader? There is no secret system, method, or guru that will make you a successful trader. Trading is work, trading is taking the hits, managing risk, and learning how to navigate the markets you trade. It is no different than any
Caffeine For the Trader’s Soul Read More »
https://www.youtube.com/watch?v=Zg7RBwhgj6E On this scary holiday of ghouls and goblins, trick or treating, and haunted houses it made me think of what is really scary for traders to do. Emotions sometimes are sending traders messages, fear can mean that you have not done enough homework or that you are trading too big. Fear can be
The Top Ten Scariest Things A Trader Can Do….. Read More »
In the markets there are many different types of traders and many motivations that drive them. Everyone has heard of different types of traders based on their trading method: Swing Traders, Day Traders, Momentum Traders, etc. But what about different types of traders based on their psychology, their purpose And motivation? Some trade for
Ten Different Types Of Traders. Which One Are You? Read More »
The great thing about the modern social media world is that we have the ability to connect with like minded people. While being facebook friends and following traders on twitter it is amazing how like minded many of us are. There are ten interests that are very common among traders
10 Things You Might Like If You Are a Trader Read More »