The positive feedback for M21 training the last ten days has exceeded my expectations. The desire to understand how to identify changing market conditions so you can apply the best monthly strategy is strong. Today we take the training deeper and answer your top questions in my all new e-book. Tomorrow is the live training to tie it all … Read More
Options Webinar Preview: the Bearish Butterfly
So far in this new M21 options training series, we have set the parameters for success with two guidelines: One trade does not fit all: Multiple strategies in your options trading plan is a must, to correctly allocate capital for different market conditions. Market conditions will change: The strategies can be used as stand-alone systems but to gain the status … Read More
Options Trading for Income with John Locke for May 24, 2014
No relevant positions Risk disclaimer John Locke
5 Lessons from Navy SEALs for Traders
I watched The Lone Survivor last night on my iPad about a Navy SEALs caught in a vicious battle with the Taliban. Five takeaways to apply to our trading: a) Think of surviving for your next breath. When a trade is going against you, instead of considering how to turn it into a winning position, live to make another trade. … Read More
That is Why You Show Up ($NEWL)
It is tempting to blow off a Friday of trading before a holiday weekend. I was young once- the friends, the drinking, the parties, the beach, the golf, the young ladies. The past three trading sessions we have been trading NEWL for a Reversal Trade. Day One was a rip, but a great learning lesson. Day Two more profitable than … Read More
SMBU Trading Tip: Lessons From the Multiple Thousand Dollar Trading Loss
In this SMBU Trading Tip of the Week, Bella, author of the “trading classic” One Good Trade and The PlayBook, talks about how one trader ripped up over three thousand dollars in a Reversal Trade. He still thought it was a good trade! Highlights from this trade: The trader was aggressive where he should have been. The trader had an edge with this setup. … Read More
How to Custom Design Monthly Options Trading Plans
Why You Need to Learn How to Adjust Your Plan “Jeet Kune Do is simple, but you need to know when to use a certain movement.” -Bruce Lee Most trading frustrations come from allocating capital at the wrong moment. Learning when to avoid a strategy and, why you should, will eliminate costly inexperience. Strategies live in a vacuum but the … Read More
Becoming a Confident Trader: It’s Not What You Think
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 … Read More