I wanted to respond to a couple of observations from our readers: The first: “If you’re talking a pure technical (trend-following or countertrend based on indicators) system on highly liquid vehicles like QQQ, “getting a real world system to work” is insanely difficult….I’m looking forward to this series, skeptical though I am.” And the second: “It’s simple enough to create … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, November 15, 2011 at 5pm EDT: Earnings Plays combining Monthly and Weekly Options
Tuesday November 15, 2011 at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of … Read More
Forex Trade
More pips and more pips! A trade in the AUD/USD on 11/08/2011 after price panic, we found good rebounds at the end of the day. A good example of recognizing market psychology and price behavior. For more of our trades, follow me on twitter
Why Do I Trade Worse on Monday?
I read the comment below from a daily review from a trader with whom I work. I asked Dr. Menaker, trading psychologist, for his input. I have developed a pattern of being too aggressive (each week, a different kind of way, after I learned my lesson a prior week) on Monday’s. Today did not have to be aggravating. I could’ve … Read More
Traders Ask: How Do I Trade a Price Spike?
Hi, During trading today I realized that my playbook is missing a play: positive price spikes when you are already in the trade. I couldn’t find a place in your book or your website where you talk about this. I’m wondering if you can offer some analysis. Attached are some one- and five-minute charts (I was trading off the five minute … Read More
Traders Ask: Did I trade this correctly?
Hi Bella If a stock fails a resistance level and you go short thinking it is a perfect Opening Drive Trade2Hold, but then 20 cents later there’s a buyer holding the bid, bid drops, then comes back, you cover, right? Can you flip from Trade2Hold to range scalping? Although, the play ends up being a perfect Trade2Hold an hour later because … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Statistical edges in Option Trading
Today at 5:00 pm Eastern Daylight Time SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. This … Read More
Adapting to This Market as a Day Trader
What are you doing as a day trader to adapt and succeed in this tape? This market can be rough for novice day traders trying to figure out a way to find consistency. The bots are alive and well, the volatility remains high and headline risk abounds. Trades that worked only a few short months ago are now being piled … Read More