This week I want to talk about the two-headed monster inside of all of us when it comes to trading. The monster I am referring to is the trader we WANT to be and the trader we HAVE to be.
Hello Tackle Traders! I had a question come to me this week in regards to covered calls? What are they and what are they good for? Of course there were lots of follow up questions like how to I build one, how do I manage one, how do I close one etc? These are all
So today was Fed day or more apptly put the day the Fed was talking about rates and the policy outlook going forward. Usually these meetings are little more than window dressing as it seems the street already knows what is going to happen. The most intriguing fact about these meetings is the intepretation of
Good day all, In this week’s blog I want to talk about something that I have held off talking about for as long as I could. For anyone who knows me, you would know that I tend to err on the side of being conservative when it comes to investing and trading. I prefer to
Hey Rookie Bloggers! This week I am going to run a scenario by you that may seem somewhat familiar. This scenario can cause even the most disciplined trader to make a mistake. This scenario is one that typically comes along after the markets have had an extended run in either direction. When this scenario pops
In this week’s Rookie Blog we are going to talk about the Debit Spread. We have had some inquiries from our members on how these trades are made and how to manage them as they progress to their natural conclusion. We will first look at the makeup of the trade and then extoll the virtues
In last week’s blog we talked about when bears attack and what we need to do when that happens. We talked about looking at levels of support and resistance and being observers of the market as opposed to being prediction machines. As I spoke about this wisdom came from one of my mentors, he was
The markets are sliding and the traders are running for cover! When we see this kind of market action this conjures up all kind of nasty images in the minds of traders. The most common images for anyone who has been around the trading world is probably that of a bear attacking its prey which
The last couple of days have shown us some red candles before having a solid bounceback. For all the mega-bulls this is great news and as it seems it is mostly expected as it appears the market will never go down again. It is not surprising that a lot of folks feel this way, especially
