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 »
Where is the Apple that we use to know? It is crucial that we stay mentally flexible and trade what the chart is saying. Anything could happen next week. Apple could reverse and make a run for the 50 day as institutions start loading up at bargain prices or if we lose the 200 day
The $AAPL Chart Speaks: 7 things it is saying Read More »
I have had many traders asking me for my top option book picks over the years so I thought it would be a great blog topic. In my journey through reading hundreds of trading books these are my favorite 10 that benefited me the most in my option education over the years. I picked books
My Top Ten Option Book Picks Read More »
There are seven skills that a trader needs in order to survive and be successful. Without discipline, no trading system will be successful. Without risk management, a trader will certainly blowup their account. Without passion, a trader will not have enough energy to get from new trader to rich trader. Without perseverance, new traders
The 7 Skills A Trader Must Have Read More »
Since the whole world is waiting on Apple earnings I felt I had no choice but to tell my blog readers how I see it. I have good news and I have bad news, which would you like first? Okay I will give them both to you straight. The bad
$AAPL The Good News & The Bad News Read More »
When following traders on Twitter, Stock Twits, and other social media. it is important to do it for the purpose of learning to trade for yourself, not to be hand fed entries and exits. To be a successful trader you must learn to build your own system and trading plan that fits your
Some of the Best Traders On Twitter Read More »
Trading is a process of learning and relearning key lessons in psychology, risk management, and using a proper method. Trading is like building a wall with the right bricks and when you leave a brick out, the whole wall eventually collapses. Or if you use the wrong quality of bricks even though the wall
Be A Better Trader: 8 Steps Read More »
When you first get the big idea that you want to be a trader, you’re excited. Maybe you’ve finally found the road to easy money, you can be your own boss, do as you please, and all with the possibility to make a huge income. You can also start part time and
6 Things To Help You Keep Trading, When The Trading Gets Tough Read More »
I believe the imminent death of the Apple up trend has been greatly exaggerated. The hopes that it will crash and trade at an 8 P/E or be worth only 4 times cash on hand is a very low probability event. The extreme bearishness is simply absurd based on fundamentals,
Apple:12 Reasons Why The Fat Lady Hasn’t Sung Yet Read More »
1. Managing the risk of ruin. Do not risk so much on any one trade that 10 losing trades in a row will destroy your account. risking 1% to 2% of your trading capital per trade is a great baseline for eliminating the risk of ruin. 2. Only trade with
7 Things You Must Do to Win at Trading. Read More »
“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.” -George Soros One element of trading that is over looked as traders chase hot stocks, trends, and chart patterns is the importance of taking
Trading:The Secret Sauce Read More »
The following metrics are based on buying weekly October 20th options and just playing the earnings announcement only. Buying October 27 or September options and allowing a trend to run will give you more time for this trade to work out. But this post is for explaining option plays through
$GOOG Options And The Earnings Move Read More »
There are two different types of traders: those who win and those who whine. Whiners never win, and winners never whine. Trading is a tough business, and you have to maintain the right mindset to get through the rough spots when the market tries to buck you off your game plan and system. Mental strength,
The Top 10 Distinctions Between Winning Traders & Whining Traders Read More »
Lose your money,but keep your discipline. Trading is about following a method, system, or rules that give you an advantage over other market participants in the long run. There are good bets and bad bets. There are traders who follow a trading plan with discipline and others that start trading out of fear and greed
Trading: Mistakes versus Losses. 10 BIG MISTAKES Read More »