Good Day Fellow Traders, I noticed last week that I used the term “Rookie” quite a bit in the last few episodes of this blog. Now, I understand that some of you in here will be bonafide rookies but I also understand that some of you, if you have followed this blog to this
≈ Sometimes truth is stranger than fiction. ≈ The world we live in is a big Twilight Zone. Just as the TV series itself, it’s a strange mix of horror, drama, comedy, and superstition. As if not enough, each episode is concluded with a surprise ending. When we think we are in total control of
Hello Tackle Traders!! Can you believe it’s October already? Just a few short weeks ago we were dipping in the pool soaking in the sun and now we’re digging out our sweaters and light jackets for the morning and evening cool breezes. Before I get started I just want to give a big shout out
It’s the weekend. You’ve scoured the Options Report, found your favorite setups to trade for the next week. You’ve set your alerts or entry orders, Monday arrives and BAM! the market gaps higher right out of the gate robbing you of the ideal entry. Like a pirate.
≈ Parsley, sage, rosemary and thyme. ≈ Your trading systems, by nature, could be independent in rhythm and contour. On one hand, you have a directional system, a breakout/breakdown one, for example, whereas, on the other hand, you have a cashflow non-directional system. One that trades Iron Condors, for instance. In music, we have what
≈ Everybody loves a little romance. ≈ Hollywood loves to tell us stories that stir our emotions and capture our imaginations, and perhaps the most memorable cinematic moments of all time are those magical moments known as the “on-screen kiss.” Woooooo, be still our beating hearts. Ah yes, the on-screen kiss… which for a trader
Hola amigos! We are walking in into this week with a little bit of turbulence behind us, as last week closed with a nice pull-back. Thursday and Friday sold off nicely. To be honest, I was a little bit surprised with Friday’s move but hey, bring it on!! Volatility is always welcomed by options sellers. Now
≈ Pay attention to it.≈ All great trades first start out as an idea. These ideas can formulate at your desk, amongst two friends talking, in an online class, while scanning through charts or while one is taking a shower. Ideas are somewhat sporadic in nature as they seldom can be forced and can arrive
Long-time readers know I’m an advocate of scaling-in when selling naked options or credit spreads.
≈ Keep it in your pocket. ≈ Today is the starting day of a new series here on the Tackle Daily Email: The Options Heuristics Series. By definition—and there are many around— a heuristic is “an approach to problem-solving, learning, or discovery that employs a practical method, not guaranteed to be optimal, perfect, logical, or
Is it the beginning of the end to our long-lasting bull market? Unfortunately, nobody knows.
≈ Keep it in your pocket. ≈ We will begin The Options Heuristics Series with The Absolute Truths. An Absolute Truth is something that is true at all times no matter the circumstances. Before we jump into the various concepts that make Options trading so amazing, there are a few pre-Trading Concepts (we created this
Hello Ya’ All, How about those markets? Were you ready for the fall? I have had numerous conversations today asking me what happened to the markets? Why are they falling? Why are the down candles so big? Is this the next crash or is it just a correction like we saw in February. The
≈ Keep it in your pocket. ≈ Moving on with The Options Heuristics Series. Today, we’ll be presenting the second Absolute Truth. Absolute Truth n.2: If you buy an option contract to open a position, you must sell it back to close it. If you sell an option contract to open a position, you must
≈ Embrace it and learn from it. ≈ Markets have been swept up in bearish sentiment for most of the week as the prices across most stock indices dropped sharply. The fear of losing money is real because losing money is painful. Nobody likes to do it. Which is why there’s a saying that’s been
≈ For an interesting week in the markets. ≈ Here are two trading tips for you to think about as you start out what should be an interesting week in the markets. Tip #1: Do not trade without control of your emotions – Many successful traders wiped out accounts because they were going through a
Good Day Rookie Traders, Last week tested the constitutions of even the most seasoned traders and was especially tough on a lot of rookie traders. I had more than a few phone calls from rookie traders asking me what to do about this increased volatility and what might be happening next? These questions and more
Iron Condors are hearty and can survive most environments. But mix in low volatility at trade entry with a deathly 12% nosedive and, well, prep the coffin because your bird’s going into the ground.
≈ Or go watch the grass grow. ≈ “Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” —Paul Samuelson— Paul was an American economist, considered by many the Father of Modern Economics. He was also the first American to win the
Today we’re tackling a few key questions surrounding portfolio management & beta weighting.
≈ Keep it in your pocket. ≈ We’re back with our Options Heuristic Series. This week, we’ll be featuring two additional ones, numbers 3 and 4. Absolute Truth n.3: There are two basic option contracts: Call Options and Put Options. The possible combinations between them are virtually infinite. Although there are *only* two types of
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