Options Trade Initiation: Why Patience Pays Off

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs, SMB Fundamentals, Trading Psychology1 Comment

When   developing   traders  enter into  income options strategies,  there is   a   tendency to  become  impatient  when   executing the opening trade.   The    trader   will   typically  put  an  order  in at  or around the mid-price but  often finds that the market  is  not  biting on that   price immediately.   This can create anxiety and a feeling of impatience in the trader,   arising   from the belief that,   since  almost … Read More

Morning Thoughts 2/15/11

AdamAdam Grimes's blogs, General CommentsLeave a Comment

Good Morning Traders, Most markets we watch are relatively unchanged this morning.  Not a lot of interesting price action in early trading anywhere. Asia is flat, with all indexes between -0.5% and +0.5%.  Europe is slightly higher, with European Broad Market index at 0.4%.  South Pacific stocks are also flat/mixed. In currencies, the British Pound is strong (especially against Asian … Read More

Trade Review CTXS

BellaGeneral Comments1 Comment

A new trader sent me his thoughts on his CTXS trading today (see chart below).   Here is what I really like about his trading: a) He was in complete control of his trade. b) He does an excellent job of finding a way to be bigger for the next time he sees a similar set up. c) He is … Read More

Getting Started as an Active Trader

BellaGeneral Comments4 Comments

I was asked to speak at the TraderExpo next week by LightSpeed on this topic: Getting Started as an Active Trader.  Here are my bulletpoints on what you need: 1. Domain Knowledge 2. Intrinsic Motivation 3. Critical Feedback 4. Purposeful Practice 5. Luck 6. Talent 7. Growth Mindset 8. Your PlayBook 9. Value-Add Environment 10. Mentor What do you think … Read More