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 … Read More
PnL as the Outdated Trading Stat
Will PnL be an outdated trading stat one day? Five years ago MLB pitchers were mostly defined by Wins and how many they had. Today this is seen as an outdated stat that does not tell you the real value of the pitcher. Sabermetrics has taught us there are more important measurements of a pitcher’s contribution like: percentage of ground … Read More
Your 30 Day Trading Challenge
The TED2011 video below with Matt Cutts of Google ($GOOG) challenges you to try something new for 30 days. We can apply this to our trading. What something new can you do each day for the next 30 days to improve your trading? Some ideas: 1) Spend 30 minutes each day building and refining custom filters of your best setups 2) Spend … Read More
Options Trading for Income with John Locke for June 8, 2014
Weekly Update! M21 Webinar Replay! No relevant positions Risk disclaimer John Locke – www.lockeinyoursuccess.com
Shorting The SPY (And Living To Write About It)
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 … Read More
How Do You Start Trading Without A Methodology?
Starting out in trading and investing can be a daunting challenge. Surveying successful traders, they will give you advice like “You need a methodology that works”; “You need a style that’s all your own”; “you have to find your own way”. That’s great, but when you are just getting started, you’re probably wondering how you’re going to make any money. … Read More
Options Trading for Income with John Locke for June 2, 2014
Risk Disclosure No relevant positions John Locke
How to Find the Setups Best for Your Trading Personality
Hey Mike, I was going through The Foundation today and came across your lecture at Indiana University. In it you talked about how traders tends to develop an inclination to particular types of set ups. I was wondering if you had any tips for discovering what kind of trading personality would best suit me. Or if it’s something that can … Read More