This Price Action Often Leads To A Sharp Down Move

sspencerGeneral CommentsLeave a Comment

In today’s AM Meeting I highlighted a short setup in Apple. It was based on the prior day’s price action. This pattern not only applies to AAPL but to the market more broadly and is important to learn. When the price action on the Open confirmed my short thesis I entered an automated script to get short between 131.30-131.50. Downside … Read More

Why Blindly Following Your Options Trading Rules Eventually Leads to Failure

smbcapitalGeneral Comments, John Locke, M21 Trading System, Options Education, Seth Freudberg's Blogs, SMB Fundamentals, Trading Lesson, Trading TheoryLeave a Comment

Trading rules are designed to help us make money and eventually become a better trader. Unfortunately market conditions change. The static examples you find in trading education don’t  provide guidance to navigate new price action. This is where the rubber hits the road and where success or failure lives or dies. How do you adapt? What is your plan after the perfect … Read More