«This is what’s going on.»
Traders,
Rope-a-dope: noun informal. “a boxing tactic of pretending to be trapped against the ropes, goading an opponent to throw tiring ineffective punches.”
Tiring ineffective punches. Does that not accurately describe what trading feels like in this environment? And I’m not just talking about bulls. Bears aren’t having it easy either. Have you noticed the number of down opens that have gotten bought up? There’ve been loads of late, and I featured them in the chart below.
If you can trade through this mess you can trade through anything. Don’t let the training go to waste. It will help you hone your skills and patience. You’ll never take a clean uptrend for granted ever again.
Stay frosty, friends. This too shall pass.
Video Of The Day: Jedi Options – Delta and Beta Weighting a Portfolio
Coach Tyler teaches how to use Delta, measure and quantify risk through beta weighting while trading in the Options Market in this Jedi Options Video Tutorial.
Chart of the Day: S&P 500 ($SPY) Rope-a-Dope
Nearly every down gap in the S&P 500 has been gobbled up over the past few weeks. Bears are likely just as exhausted as bulls due to the manic market.
Options Theory Blog
What is Extrinsic Value?
In this video, you will learn everything you need to know about how extrinsic value works.
Today’s line up
Traders Lounge 11 AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cash Flow Club Replay
If you missed last night’s webinar with Coach Greg Holmes where he talked about Credit Spreads and Hedging Techniques or would like to watch it again, check it out here.
Halftime Report 12:30 PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day, and fun in a way that only Matt and Tim can deliver.
Women in Trading MasterMind Group 8:30 PM EST
Once a month we’ll be hosting a live webinar featuring Women In Trading with Coach Emily. Get in the game!
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