Lessons from the Pros

Aug 27, 2018 Issue


Do You Question What You See?

Hello traders! In this week’s newsletter we’ll talk a little about the psychological theory of cognitive dissonance, and how I perceive that it applies to trading. Plus, moving averages! This past week I had the great opportunity to teach our three-day Market Timing Orientation class in a large town in North Dakota. One of the students… Read More »


Simple is the Key to Trading

Today’s piece is about the power of simple, and simple starts and ends with a razor-sharp focus. One of the most important things you need to do to be successful when short term trading for income or long-term trading for wealth is to have proper focus. What I mean is this… As a day trader, all… Read More »


How Are Straddles Taxed?

What is a Straddle? An options straddle is a neutral strategy in options trading that involves simultaneously buying a put and a call of the same underlying stock, strike price and expiration date.
Tax straddle definition. For tax purposes, a straddle is a pair of transactions created by taking two offsetting positions. One of the… Read More »