One of the fears about trading options is being hit by an event and the stock moving against you. A 5 contract trade opened at 2.00 can be vaporized in a day on some bad news. $1,000 nearly wiped out. Not easy to recover from that, either. I’ve been there many times. It [...]
Articles on: Market Commentary
Bob talked today about markets and where we may be headed. He charted and talked about recent plays WFM, MNST and RAX. Bob brought in Jill Malandrino, curator of OptionsProfits for a chat about markets and strategy. She gave a great education to the listeners about risk, entries/exits and overall trading skills.
These last several months have made life much easier for me as a stockpicker. Yes, I am an options trader but I prefer to buy options of individual names and not the indices, nor do I play the futures much. My stock picking ability starts and ends with the charts and technicals. My studying and [...]
Today, Bob talked about the current market and the volatility, including some recent plays. He introduced Kathy Garber from structuraltrading.com, who is a master trader at fibonaccis, harmonics and rhythm trading. She gave the audience a great lesson on her methods.