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Every Wednesday Tyler Craig, our resident technician, unleashes a new missive on an investing topic worthy of your attention. Tyler is a member of the Market Technicians Association and holds the Chartered Market Technician designation. He enjoys spinning tales, demystifying markets, and sharing fascinating observations from his trading adventures. Currently Tyler is a mentor for Rich Dad Education and teaches their Options 1 and Options 2 classes.

Perfecting Your Process Part Deux

Written on February 22, 2017 at 8:39 am, by

Today we continue our carefully crafted tale on how to perfect your process. Last week we highlighted (see here) the phrase, “be process-oriented, not results-oriented.” If you’ve fully bought into the idea that your process reigns supreme, it’s time to move to the next step. Namely, how do you perfect your process? Which, of course,READ MORE

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Perfecting Your Process

Written on February 15, 2017 at 12:03 pm, by

Shout out to Lijia Wu whose insightful question inspired today’s topic. One of the phrases I’ve always used is, “traders should be process oriented, not results oriented.” I can’t remember if I borrowed the wisdom-laced adage from someone else or if it originated in my noggin’. Either way, she’s a gem. Everyone wants positive results.READ MORE

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Behold, the Vexation of Volatility Catching

Written on February 8, 2017 at 12:43 pm, by

Perhaps no group of traders is more frustrated right now than those attempting to bottom fish the volatility markets. The interminable wait for a rise in volatility is bringing angst to those who only know how to thrive in hyperactive markets. Not to mention the well-meaning traders who have been trying their hand at profitingREAD MORE

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The January that Was

Written on February 1, 2017 at 1:26 pm, by

To extract every last ounce of goodness from market movements this year, I’m launching a new feature here at Tales of a Technician. It will be a retrospective where I look back on the previous month to highlight what I did right, what I did wrong and key trades that defined my bottom line. ByREAD MORE

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Covered Call Alternatives for IRAs

Written on January 26, 2017 at 6:24 am, by

David posed an insightful question in the clubhouse that I wanted to highlight in today’s blog post. The gist of it had to do with better leveraging an IRA by selling covered calls on long-term call options (aka LEAPS) instead of stock. Since this is a very common question let’s break it down. First, weREAD MORE

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Don’t be Obi-Wan Kenobi

Written on January 18, 2017 at 10:31 am, by

Trading can be a lonely sport. In my early years, I was a hermit. Like Obi-Wan Kenobi alone in a sea of sand with only Banthas and the occasional roving Jawas keeping me company. The solitude was nice, sure. But it wasn’t exactly an environment fostering growth and learning. When you’re the smartest, nay, theREAD MORE

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How Theta Raiders Trend Trade

Written on January 11, 2017 at 9:21 pm, by

Once upon a time I trumpeted the idea of trading the same stocks over and over again. With megaphone in hand, I’d ascend the soapbox for some preaching. “Hear ye, hear ye! Stop your nomadic wanderings and other time wasting adventures. There is no need to travel from well to well, I tell ye. AREAD MORE

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Selling Options, Low IV Notwithstanding

Written on January 5, 2017 at 10:00 am, by

Oh, what a difference a year makes! Last January commenced with a swift kick to the bulls’ family jewels. ‘Twas a nasty, underhanded strike designed to deliver death. And it almost did! The S&P 500’s 11% puke over the first three weeks of 2016 was the worst start we’ve ever seen. Ever! What a nastyREAD MORE

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Journals, Systems and Discretion

Written on December 30, 2016 at 10:11 am, by

Once upon a time I didn’t use a trade journal. Record my results? Nonsense. My brokerage statements tell me everything I need to know, fool. The mountains of money I made (or lost) is on full display in my beloved account statement. Then I got smart. I realized that the lessons hidden in my totalREAD MORE

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Was Silver Ever Bullish?

Written on December 23, 2016 at 8:36 am, by

Hat tip to Derek for bringing up today’s topic in the clubhouse. I think the query of whether or not silver prices were bullish in 2016 merits further investigation. Fascinating points were made all around, and I can’t help but throw my thoughts into the ring. The entire discussion boils down to two key points:READ MORE

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