There are times in life where thinking differently is really not a good idea. When the traffic light turns red, especially at the busy intersection, you probably want to stop. When the train signal starts flashing, indicating a high speed 200 ton locomotive is about to cross your path, it’s probably a good idea to… Read More »
In my travels throughout the world, I often ask people, “How many people do you know who are making money trading options?” I usually only get one or two hands raised.
I then ask them, “How many of you know people who are losing money trading options?” Typically, every hand is raised to this question… Read More »
Last week I was fortunate enough to get some vacation time in, spending a little time out relaxing and recharging. A week away is more than enough for me as it gives me plenty of time to top up the tank, catch up on some reading and, of course, spend time reflecting. As is always… Read More »
With every kind of trading, we enter each position with an expectation of which way the price of the instrument is going to move. We make money if we are right, or lose money if we are wrong. With options trading, we can make many trades that work that way too. But in addition to… Read More »
Many new futures traders are being faced with problems of proper risk management using the 1% of account size rule while trading full sized Futures contracts. With today’s market volatility, using a small stop is almost guaranteed to get you stopped out of your position before having a chance to turn profitable. Plus, when trading… Read More »
Thanksgiving is truly my favorite holiday – it’s not about stuff (besides food and football). It’s about everyone in this country celebrating together – about gratitude – plain and simple. That is the spirit of the holiday. I like to write articles around this time of year that focus on something greater than ourselves. Below are links… Read More »
There are reasons why profitable traders achieve the way that they do. Here are ten characteristics that they share. 1. Clarity: They know what they want and they have a hunger for it. Everyone makes mistakes, including market wizards and highly successful traders. The difference is that they “learn” from each mistake and rarely repeat… Read More »