Eliminating Emotions in Trading
The psychology of investing not only affects individual investors but also affects the market as a whole. Many investors often underestimate or are unaware of the affects that our emotions have on our return on investment. Many well educated and competent traders lose money due to trading anxiety and trading emotions. In today’s article we will discuss various emotions felt everyday by online stock investors and how each emotion affects trading decisions and trading performance.Read More
How to Put the Odds of Success Massively in Your Favor with OTM Options
It’s true. Most so-called “professional” options traders would never even consider trading options this way.
“Trading options using this strategy is the Kiss of Death!” they say.
“It’s a sure way to lose your money!” they exclaim.Read More
A Powerful Winning Breakout Pattern - The Volatility Squeeze
After decades of trading, I saw that there were just a handful of chart patterns that had the highest probability of producing winning trades.
Now, as a trader, it can seem overwhelming when you feel like you have to be an expert at recognizing dozens of chart patterns, along with the best security or EFTs, learning your broker’s platform, accounting for your trades, staying on top of the markets, possibly learning about options, and the list just goes on and on.
For this reason, I like to simply things by focusing on the "Highest Probability Winning Chart Patterns".Read More
How to Combine Volatility and Options to Create a Fearless Fortune
One of the biggest reasons people trade options is to get that fantastic leverage where you can risk a few dollars to possibly make a fortune.
The problem is--options--and the stocks they are traded on--are sometimes like teenagers--they don’t always do what you want them to.Read More
Volatility and Candlesticks
Volatility! Bad? Most investment advisors steer investors away from volatile stocks or any volatile trading entity. But for the candlestick investor, volatility is extremely profitable. Candlestick signals are based upon a very simple premise. The signals are formed based upon the change of investor sentiment. This allows for accurate evaluations of price movements whether a trading entity is slow or steady as well as volatile price action. When you hear a money manager tell you that you cannot time the markets, get away as soon as possible. That money manager does not know how to time the markets.Read More
Price Action Strategies
It's always amazing to learn about the habits of successful traders. From the thousands of traders that I've coached over the years, some of these common habits are risk-avoidance, sound money management and the ability to keep emotions in check. But more importantly than having these habits is having the discipline to apply them consistently.
I've found that there are many traders who would be considered mediocre for their stock picking skills but have been highly successful because they consistently apply good trade management principles. Conversely, the market is littered with traders who were very good at picking stocks but were not good at consistently applying good trade management skills.Read More
How to Leverage Market Forces By Trading the News
So, what is a market force? Simply, it is a force that moves a market. Volume could be a force, or news could be a force. There are many forces that could move a market. This year we have had several different forces moving the market. tarting out, all thought the market and economy would continue to boom and the month of January was a bull. Then the fear of inflation took over and the market dropped, only to have relief of that fear, and then the fear of a trade war emerged and down it went again. But earnings are on the horizon and the expectation is that they will be good, and up the market went. Trade war, inflation, and earnings are all basically news. So let's talk about trading news.Read More
Options Strategies for Smaller Accounts
Most traders starting out usually begin with a small account. In this video, I am going to assume that you have a basic understanding of how options work, and then I am going to show you some very simple strategies that have worked quite well for me in my years of trading options.
So we are going to hit the ground running while I show you strategies that I trade each day with my own money. I set up my trades using a disciplined approach where I manage my money.Read More
The Winning Secret to Making Money in Any Kind of Market Is Composed of Two Parts
The first is well known—the second, based on how rarely it is talked about—truly is a secret.
The Winning Secret—doesn’t that sound good? Wouldn’t it be nice if you really did know a secret for making money that practically no one else knows?
If you are one of the few individuals who trade options the right way, you can literally create an income from anywhere in the world you choose. That kind of geographical freedom has never before been possible—and still isn't for most.Read More