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 [...]
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.
There is a good feeling in the air as it relates to markets, and it’s not just the indices. Sure, we have most markets at/near all time highs, but here we are about to start a big earnings season. Just what did these companies accomplish in the first quarter and more importantly what is their [...]
Many of us believe that when stocks fall that is our cue to start buying. If you’re aware, observant and fortunate it’s not unlikely to pick up something that has sold down indiscriminately. But there are stocks that fall and hardly ever recover – for a good reason. How do you identify a legitimate drop [...]
I prefer to let the market do its thing and tell me how to proceed. Making wild guesses and speculating on what it should do is pointless and often is met with disappointment. Oh sure, it’s nice to have that conversation by the water cooler or in a bar among friends and colleagues, fun to [...]
LISTEN and REACT to the Market Messages
If there are no ups and downs in your life, it means you’re dead (anonymous) ALWAYS ALWAYS ALWAYS pay attention to what the market is telling you. There are some out there who don’t believe this mantra but by being objective I can tell you that reacting to the evidence can certainly save you from [...]
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