You, friend, are your worst enemy. And if you don’t discover the elixir for staving off self-sabotage quickly you’ll suffer the fate of so many traders who have come and gone before you: Death and destruction.
When entering the realm of adjustment thinking one must be careful to avoid what I call salvation syndrome.
Listen up you covered call lovers. Today I’m tackling some common questions on how to get the most out of your beloved buy-writes.
Pre-election jitters are building and weak-kneed investors are abandoning ship left and right. The small- cap laden Russell 2000 Index is now 8% off its September high and the rest of the big benchmark are following in-kind. But do you know where risk is perceived to be the highest? Mexico. I’ll leave the search for
First, henceforth and forever I will be using the 2016 election results and subsequent market reaction as the ultimate example that following the news with the intent of getting an edge in your trading is pure stupidity.
It was the eve of Election Day; the final chapter of a bloody battle between a crooked donkey and a bombastic, wicked-tongued elephant.
Thanksgiving was bittersweet in the Craig clan. Our beloved December Iron Condor was laid to rest on Tuesday.
Want to know how I would have managed the bullish risk reversal trade on X from last weekend’s commodity report? Feast yer eyes on this: Your browser does not support the video tag.
Precious metals are reeling following yesterday’s rate hike. GLD, SLV, and a cohort of miners are down anywhere from 1% to 9%. It’s a day of celebration for bears and a day of mourning for bulls.
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:
Once upon a time I didn’t use a trade journal. Then I got smart.
Today’s topic: Why I don’t mind selling options even when implied volatility is low.
In this video tutorial, Coach Tim Justice will teach you how to use a powerful trading tool: the Trade Journal.
Riding the trend is different with option selling. The limited reward nature of naked puts and the like means once the credit runs out, your profit dealing ventures are over. Unless, of course, you sell another put. And another one after that. And another after that.
Trading can be a lonely sport. I needed community, a place I could go for inspiration and accountability. A place where seeing others trade made me want to trade.
How to leverage an IRA account by selling covered calls on long-term call options (aka LEAPS) instead of stock? Read on.
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.
Perhaps no group of traders is more frustrated right now than those attempting to bottom fish the volatility markets. Poor souls.
Traders should be process-oriented, not results-oriented.
Today we continue our carefully crafted tale on how to perfect your process.
Time for the second installment of our monthly retrospectives. If you missed last month’s, then your life is half as joyful as it should be and not nearly entertaining enough.
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