Real-time options education and strategies
I couldn’t have said it any better than Josh did and I appreciate the fact that Chris added ‘applies to markets‘! After Friday’s rally lots of people on Twitter talking about new all-time highs for the markets. Someone even tweeted at me “Short $spy = financial suicide until it hits 600 on 1/1/25”. He could … Read more
Most of the comments in this post are written on the charts. You’re welcome to download and save them to refer back to them periodically when you need a reminder about the importance of patience in trading! Lack of patience and over-trading is likely one of the biggest causes of losing money in trading. You’ll … Read more
There’s no question in my mind that algos trade the Fibs. Keep in mind that there are Fib retracements & Fib extensions and they compliment each other. The 50%-61.8% Fib retracements are more important to my work since they offer good location for trade initiation. I then use a process of Delta Hedging (DH) to … Read more
I’ll pass on many average setups to wait for a good setup. What’s a good setup? I have several tools that I use to identify good location for a trade; the upper or lower band of the 8 SMA is one, the High, Half-Back (HB), and Low of a prior period (hourly, day, week, month, … Read more