- Curious why your stop was hit but closing price remains little changed?
- Sick of losing trades that turn into winners after you’ve closed?
If these sound like you, don’t panic because you’re not alone! In fact, after nearly 10 years of trading I still find myself caught in this paradigm from time to time(please excuse the lame rhyme:). The only difference is I’ve been through it before, so I’ve developed a few tricks for avoiding the market or market makers trip mines.
Inexperienced traders slip on these banana peels over and over again. In fact, its these nuances that cost traders countless amounts of money and probably lead to their retirement. So, no matter what level trader you are look no further than these posts to uncover the costly tricks that might be plaguing your P/L statement.
If you have any questions please feel free to reach me via the contact page anytime. I’ll respond personally!
In my last post I mentioned placing a pin in the discussion about finding trades after Fib levels were identified. In today’s post were going to pull the pin and continue our conversation about high probability trades.
Read morePlacing High Probability Trades using Fibonacci Levels
Learning to use Fibonacci Levels, both retracements and extensions has been one of the greatest discoveries in my trading career. In the paragraphs that follow I hope to uncover a little bit of the mystery surrounding the Fibonacci indicator.
Two things I love; trading and sports. The similarities between the two cannot be overstated. Each requires focus, skill, practice, and most of all, strategy. We can learn a lot about successful trading just by studying our favorite teams or players. Let’s discuss, in brief.
So, I messed up big time this week. Yes, you read that right. I lost my shorts and I’m kicking myself for it. However, it wasn’t without a silver lining and I’m eager to share that with you momentarily. First, let me walk you through my poorly timed and executed long call trade in Apple.
Read moreI made a bad options trade and it taught me something unexpected!
Let’s talk about options adjustments. That mythical term that new options traders hear all about but are never actually made privy to. Well, take heart, I was right there not so long ago. I searched aimlessly for someone sharing their strategy on options adjustments but all I found were countless “gurus” claiming that to be consistently profitable you have to make proper options adjustments. Followed with…so buy this course…and so on…