Morning thoughts 2/16/11

AdamAdam Grimes's blogsLeave a Comment

Good morning traders, Word equity markets show a generally positive tone this morning.  Asia is up roughly a percent (Taiwan and South Korea are down, however) and Europe is up about half a percent.  S&P futures, Japan, and the UK made new 52 week highs overnight. In currencies, the GBP is weak, with big moves in GBPCAD and GBPAUD.  AUD … Read More

If 1 Why Not 2?

BellaMike Bellafiore's (Bella's) Blogs4 Comments

One of our traders, The Original Jersey Shore, was long big at support in CEPH at 58.50 (Trade 1).  He got stopped out.  After the close he stopped into my office to discuss.  He did not get long above the top of the range after consolidation above 58.57 (Trade 2).  If you are in 1 why not 2? Shark was … Read More

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