Real-time options education and strategies
I’m going to show some posts from X describing the chart setup of Google that caused me to take a long Delta (bullish) position, how I traded that bullish bias and why I exited. Along the way I’ll be showing a option strategy that you’ve likely never seen before so read on! At the time … Read more
A treader needs the courage to trade when the setup is good but it feels bad. Shorting AAPL while it appeared to still be in an uptrend felt bad. I don’t like shorting stocks in an uptrend but when the price action is telling me, no, not telling me, screaming at me, that this rally … Read more
If I handed you a book and said that it had information in it that could potentially make you a great deal of money I’ll assume you’d open it with great anticipation. You might think “I’ll just read the book and start making money right away, what could be easier than that?” You open the … Read more
If I could summarize the overall theme of this blog in one sentence it would be this: spend most of your time figuring out how you’re going to reduce portfolio risk! I think most traders put on a trade and then stick with it until it either goes bust or the pain of holding it … Read more
Below is a description of how I traded Tesla this week. This post, as well as all of my other posts on this blog, are for educational purposes. They aren’t trading advice. You should never risk your capital based on how someone else trades. Learn from others then develop your own trading style which suits … Read more
I went on a small rant this week on my X timeline (@VegaOptions) about paid advisory services that don’t disclose their actual results. Many traders follow those services and think it’s their fault that they can’t make a profit when the system that they’re trading is flawed and nobody could make money trading it. If … Read more
Just a reminder that this, or any post on this blog, is based on trades that I have either placed or considered placing and should not be taken as a recommendation for anyone else to trade! Below is the Daily chart of RUT (Russell 2000 Index). Previously I viewed this chart as a very bearish … Read more
A quick post regarding a TSLA trade I made this week. I was bearish the stock based on the chart so I made 3 separate trades initiating a new bearish position. The last 2 trades were more expensive than the prior one because I was cost averaging UP. I often use that strategy to increase … Read more
This post is about establishing multiple positions in AAPL that are placed in different expiry’s to allow for the harvesting of profits throughout the year. Get it? Apple, harvest…hmmm…tough crowd. 😒 Okay, moving on. This was my tweet on July 22 mentioning the AAPL market profile chart. This post isn’t about market profile so I … Read more
Back in 2021 I wrote a post titled ‘The One at a Time Portfolio’. It refers to a strategy where, after a single trade is made, you do not add a new position to your portfolio until the first position is either exited or you’ve substantially reduced or eliminated the initial cost of that position. This strategy … Read more