≈ The best trades should be clear. ≈
Traders,
In the market, we often see clear themes develop. Just in the last few months, it was very clear that stocks prices were falling, Oil prices were falling, Gold was rising and so on and so forth.
How did you trade these conditions?
One of the best things you can do as a trader is to keep your approach simple, consistent and disciplined. If you are working through your daily routine with the right mindset you will find trades as you conduct your analysis.
Learn to trade when you have obvious and clear setups in front of you. Don’t force the action when you don’t need to, and don’t take low-grade trades.
Stick to your rules, and one of the best rules that you can ever adopt is to trade with the trend.
Chart of the Day
CRUDE’S OILY DOWNTREND
Video of the Day
What Is The Black Scholes Model (BONUS: FREE Options Greeks Guide)
In this video, you will learn what is the Black Scholes Model and how it can be used in your trading routine in order to perform better in the market.
Today’s Lineup
OPTIONS THEORY
A Straddle Win
Well, that escalated quickly. Last week we highlighted why long straddles were tempting on SPY. Today I want to follow-up to see how the idea fared. First, this was the money statement from my previous Options Theory post that describes why long straddles were so tempting:
Traders Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Cashflow Club Replay
If you missed last night’s episode where Coach Keith King talked about How to use volatility to cashflow or would like to watch it again, check it out here.
Halftime Report 12:30pm EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
