Real-time options education and strategies
Sometimes things aren’t what they seem to be. That’s especially true when looking at charts! You need a method for identifying where buyers and sellers reveal their true intentions. Fibonacci levels can provide the framework for that method! Below is a Tesla (TSLA) weekly candlestick chart from the past. At the time of the most … Read more
I use Fibonacci retracements & extensions (Fibs) extensively in my trading. Fibonacci sequence numbers (1,3,5,8,13,21,34,etc) have a fascinating relationship with growth rates in nature but that’s not why I rely on them for my trading. The fact is that many (if not most) trading algorithms are programmed to trade Fib levels as both retracements of … Read more
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