Posts Tagged ‘ trading education ’

Trading Education: Do You Have A Methodology To Trade Gaps?

Jun 15th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs, Trader Development, Trading Lesson, Trading Theory
On June 4th we posted a pre-market video in which I discussed a potential "gap fill" trade in TIBX. When a stock gaps outside of the prior day's range you have three options. Play it for a continuation in the direction of the gap, play it to fill some or all of the gap, or simply take a pass on trading it.  I have found over the years that most traders consistently choose the same option each time disregarding many factors that favor choosing one option over another. Why is this the case? For many it is a lack of methodology for trading gaps. For others it may be they are just more comfortable fading stocks versus following Read more [...]


Shorting The SPY (And Living To Write About It)

Jun 10th, 2014 | By | Category: General Comments, Steven Spencer (Steve's) Blogs
I initiated a pre-market short in the SPY on Thursday June 5th at 193.50. I added to the position as it popped to 194 following the ECB announcement of some monetary stimulus. It was the first time I had shorted the SPY in about six weeks. The risk on the trade was about 40 cents from my average entry and was designed to take advantage of a two to four point pull back. Looking back over the past few months the best short term shorts in the SPY were following strength such as April 4th or May 13th. The trade started to work in the pre-market, and when the market opened the first move was down as well. By 10:00AM the SPY was Read more [...]


Options Trading for Income with John Locke for May 24, 2014

May 26th, 2014 | By | Category: General Comments, Guest Blog, John Locke, Options Education, SMB Options, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology
No relevant positions Risk disclaimer John Locke Thursdays Webinar link -  http://www.smbtraining.com/1/2014/05/m21.php Check out these great videos! May Group Mentoring Open House Part 1 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session-may-2nd-2013/ May Group Mentoring Open House Part 2   http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session/ http://optionstribe.com/2012/01/recording-an-improved-version-of-the-bearish-butterfly-trade-john-locke http://optionstribe.com/2012/03/recording-simulated-march-bearish-butterfly-review-john-locke http://www.smbtraining.com/blog/yesterdays-option-tribe-meetingm3-trading-strategy-by-john-locke http://www.smbtraining.com/blog/yesterdays-option-tribemay-and-june-bearish-butterfly-strategies http://optionstribe.com/2012/01/recording-butterfly-trading-with-deep-itm-calls-to-control-deltas-forrest-anderson http://optionstribe.com/2012/07/recording-m3-trading-system-john-locke/ Learn Read more [...]


Becoming a Confident Trader; It’s Not What You Think

May 23rd, 2014 | By | Category: Guest Blog, John Locke, Options Education, SMB Options, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
As a trading psychology coach, one of the more common questions that come up is “How can I be a more confident trader?” This is an extremely important subject because having the correct confidence level is essential to being a good trader. Lack of confidence creates stress and poor trading decisions which lead to unneeded losses. Let’s take a look at some factors that make up confidence. Goals and planning – Planning properly and correctly setting well defined, realistic goals and is essential to being confident. I would say that probably 80% of confidence problems I see are simply because people don’t have a Read more [...]


Options Trading for Income with John Locke for May 19, 2014

May 20th, 2014 | By | Category: Guest Blog, John Locke, Options Education, SMB Options, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
No relevant positions Risk Disclaimer M21 Purchase Link http://smbcap.net/m21sale Check out these great videos! May Group Mentoring Open House Part 1 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session-may-2nd-2013/ May Group Mentoring Open House Part 2 http://optionstribe.com/2013/05/recording-john-lock-group-mentoring-session/ http://optionstribe.com/2012/01/recording-an-improved-version-of-the-bearish-butterfly-trade-john-locke http://optionstribe.com/2012/03/recording-simulated-march-bearish-butterfly-review-john-locke http://www.smbtraining.com/blog/yesterdays-option-tribe-meetingm3-trading-strategy-by-john-locke http://www.smbtraining.com/blog/yesterdays-option-tribemay-and-june-bearish-butterfly-strategies http://optionstribe.com/2012/01/recording-butterfly-trading-with-deep-itm-calls-to-control-deltas-forrest-anderson http://optionstribe.com/2012/07/recording-m3-trading-system-john-locke/ Learn Read more [...]


The Secret Key to Your Trading Success

May 16th, 2014 | By | Category: Guest Blog, Health and Trading, John Locke, Options Education, SMB Options, Traders Ask, Trading Psychology
For those of you who knew me early on in my trading career, you’ll remember that I’ve had some great failures. I’ve made mistakes, had repeated losses and have felt like I was never going to make it at times. Luckily for me I had already secret knowledge required to become a great trader and once I discovered I already had it, things began to quickly turn in my favor. This secret knowledge helped me go from an aspiring trader who was losing money and frantically jumping around from system to system, getting nowhere, into the trader that I am today in a very short period of time by most peoples standards. So what is this Read more [...]


Options Trading for Income with John Locke for May 12, 2014

May 14th, 2014 | By | Category: Guest Blog, John Locke, M21 Trading System, Options Education, SMB Options, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
No relevant positions Risk disclaimer ALL of the May expiration sample TRADES on the website have been closed at a HEALTHY PROFIT.  Be sure to watch this replay of Option Trading for Income Weekly Update for the RESULTS! John Locke M21 Purchase Link http://smbcap.net/m21sale Be sure to visit our trading blog! www.lockeinyoursuccess.com And check out these great videos! May Group Mentoring Open House Part 1 http://optionstribe.com/2013/05/recor... May Group Mentoring Open House Part 2 http://optionstribe.com/2013/05/recor... http://optionstribe.com/2012/01/recor... http://optionstribe.com/2012/03/recor... http://www.smbtraining.com/blog/yeste... http://www.smbtraining.com/blog/yeste... http://optionstribe.com/2012/01/recor... http://optionstribe.com/2012/07/recor... Learn Read more [...]


Excellence vs. Perfection

May 8th, 2014 | By | Category: Guest Blog, John Locke, M21 Trading System, Options Education, SMB Options, Traders Ask, Trading Ideas, Trading Lesson, Trading Psychology, Trading Theory
I see too many people beating themselves up for not being perfect traders. That’s really sad because being a great trader and achieving the gains you desire isn’t about trading perfectly. In fact, expecting perfection often delays progress for years. When I talk to the most successful traders I know, they call their trading a culmination of errors that usually result in a profit, and I’d have to agree. Let’s look at this rationally for a minute. Doing everything perfectly is impossible. You will make mistakes and you will have unforeseen challenges no matter how good you are. So stop worrying about being perfect and stop Read more [...]