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Every Wednesday Tyler Craig, our resident technician, unleashes a new missive on an investing topic worthy of your attention. Tyler is a member of the Market Technicians Association and holds the Chartered Market Technician designation. He enjoys spinning tales, demystifying markets, and sharing fascinating observations from his trading adventures. Currently Tyler is a mentor for Rich Dad Education and teaches their Options 1 and Options 2 classes.

Flipping the Defense Switch

Written on March 23, 2017 at 8:14 am, by

Tuesday’s plunge was a stark reminder that markets move up and down. It was a warning shot, a gut check for bulls of all stripes to see how efficient their risk protocols are. If your portfolio suffered, if your losses were surprisingly large, then it’s time for some good old fashion hindsight analysis. To helpREAD MORE

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How I’m Trading the Oil Crash

Written on March 15, 2017 at 11:58 am, by

Last week’s missive spotlighted the sudden resurgence of volatility in the oil patch. Today I want to pick-up on the theme and layout one-way traders might try to capitalize on the situation. If you can come away from today’s tale with a better understanding of how to take advantage of higher implied volatility with nakedREAD MORE

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Oil Volatility Strikes Back!

Written on March 9, 2017 at 7:44 am, by

Volatility has finally returned to the oil patch. And that’s a good thing. Before yesterday’s bloodshed, the Street’s favorite oil ETF, USO, had become a total bore. Its direction, trendless. Its volatility, dead. And then Wednesday happened. The volatility beast returned to ravage the land sending USO down 5.6% amid oh-my-gosh volume. From a priceREAD MORE

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The February That Was

Written on March 2, 2017 at 8:03 am, by

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. So take a quick peek at January’s by clicking here. As mentioned in my prior missive these monthly delights are meant to be retrospectives whereREAD MORE

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Perfecting Your Process Part Deux

Written on February 22, 2017 at 8:39 am, by

Today we continue our carefully crafted tale on how to perfect your process. Last week we highlighted (see here) the phrase, “be process-oriented, not results-oriented.” If you’ve fully bought into the idea that your process reigns supreme, it’s time to move to the next step. Namely, how do you perfect your process? Which, of course,READ MORE

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Perfecting Your Process

Written on February 15, 2017 at 12:03 pm, by

Shout out to Lijia Wu whose insightful question inspired today’s topic. One of the phrases I’ve always used is, “traders should be process oriented, not results oriented.” I can’t remember if I borrowed the wisdom-laced adage from someone else or if it originated in my noggin’. Either way, she’s a gem. Everyone wants positive results.READ MORE

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Behold, the Vexation of Volatility Catching

Written on February 8, 2017 at 12:43 pm, by

Perhaps no group of traders is more frustrated right now than those attempting to bottom fish the volatility markets. The interminable wait for a rise in volatility is bringing angst to those who only know how to thrive in hyperactive markets. Not to mention the well-meaning traders who have been trying their hand at profitingREAD MORE

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The January that Was

Written on February 1, 2017 at 1:26 pm, by

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. ByREAD MORE

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Covered Call Alternatives for IRAs

Written on January 26, 2017 at 6:24 am, by

David posed an insightful question in the clubhouse that I wanted to highlight in today’s blog post. The gist of it had to do with better leveraging an IRA by selling covered calls on long-term call options (aka LEAPS) instead of stock. Since this is a very common question let’s break it down. First, weREAD MORE

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Don’t be Obi-Wan Kenobi

Written on January 18, 2017 at 10:31 am, by

Trading can be a lonely sport. In my early years, I was a hermit. Like Obi-Wan Kenobi alone in a sea of sand with only Banthas and the occasional roving Jawas keeping me company. The solitude was nice, sure. But it wasn’t exactly an environment fostering growth and learning. When you’re the smartest, nay, theREAD MORE

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