Spring is here and mosquitos are already everywhere. The day seems to have less than 24 hours. It’s aggravating. That’s when you start valuing the practical things in life the most. Your systems, for example.
Last week’s post featured an introduction to the world of volatility trading. We discussed the differences between buying and selling premium in low versus high implied vol environments. In the former case, you might purchase strangles or debit condors. In the latter case, you could sell iron condors. I used AMZN and BA for examples
We are so hardwired to think we must work hard, produce a lot of activities and act like we are so knowledgeable about the financial market to gain wealth. I can’t even begin to tell you how wrong we are.
The first thing new traders do, is they look for strategies that fit their appetite for risk, couple them with their (disputable) ability to forecast price movements and then they go all-in in a heartbeat.
It has been nearly 10-years since the last recession. For the first time in seemingly forever people are starting to talk about the R-word and the possibility that one might be coming.
Today’s story will include a few key metrics to analyze the profitability of a business. I suspect you’re already familiar with basic concepts like revenue, profit, and cost. But let’s add two more to the mix: profit margin and inventory turnover.
When the ice cracks under everyone else’ feet, the wise trader is ready to experience the huge money transfer machine the markets are.
Not the definitive recipe for disaster, but we guarantee that if you follow every step, your failing is going to be EPIC. Good luck.
Last week I mused over a rookie mistake that I made by not checking the liquidity of the options I was trading. This is a very good lesson to learn as you may find as I did that liquidity can change.
Simplicity is the key that opens the gates of Heaven and keep us away from Hell at the same time. Long Heaven, short Hell. Pairs trade.
As I was scroungin’ around for an idea to write about, I started thumbing through my carefully curated watchlist and came across a beautiful chart. One that demanded my attention and, indeed, affection. I’ve been staring at it for minutes now, and the connection is undeniable. But I’m not selfish. My mother taught me to
Keep It Simple = Success. The purpose of this article is to review WHAT I trade and what systems I use, in hopes that it helps a newbie establish a basic trading system.
Clear out the noise while increasing profitability. No wasted motion. No bad habits. Stay focused on what works. Have the profitability odds on my side. Keep It Simple = Success.
The difference between medicine and poison is the dosage.
This is a discussion I try to work into all my one-on-one mentorships. There isn’t a right answer of course, but the objective of the exercise is to layout a few possibilities and help each trader make a more informed decision.
We are in a curious type of business. One in which the more you divide, the more you multiply: education and knowledge.
Last week I mused over a rookie mistake that I made by not checking the liquidity of the options I was trading. This is a very good lesson to learn as you may find as I did that liquidity can change.
The fear of losing money and the fear of missing out. How to conquer both? The solution is quite simple.
Your portfolio is an extension of yourself. Grabbing Buffett’s SEC filings and mirroring it won’t make you the next Warren Buffett.
I was listening to a podcast the other day when the host mentioned an easy way to nab $500 with little effort. If you read through this entire article, I’ll share how you can double it to $1k. He had recently bought a house and was in the middle of furnishing it. Instead of paying
I know, we seem to value being smart above everything else these days, but I can attest to the fact that being smart has often sabotaged my own success in trading.
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