Imagine that you’re an NFL player that is renegotiating your salary. After back and forth with your agent and the front office, you come down to some terms. It’s not what you wanted, but you’ll take what you can get: A 1 year deal for $3 million per year, and for every game you win, […]
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New Tool From the CBOE Allows You To Better Track Your Option Trading Performance
When you want to look at the performance of a mutual fund, it’s best to compare it to an index to see if they have been outperforming “buy and hold” strategies. The success of a fund often depends on this outeprformance. But what about for option traders? After all, if you’re using complex option spreads […]
Get Ready For the Failed Breakdown in Gold
The market hasn’t been kind to gold bugs… well, for 3 years now. And GLD is tapping on 110 for a third time, with the trend clearly to the downside: In terms of targets lower, it doesn’t look like there’s much until 100. But… There’s potential for a shakeout here. When It’s Obvious, Watch Out! […]
9 Ways To Become A More Consistent Trader
We hear this statistic all the time: 90% of traders lose money. Does that make trading impossible? Nope. Financial speculation is a great way to build wealth… you just need to make sure you’re on the right path to profitability. But most don’t know how to get there… how to get from losing to breakeven […]
Investors Are So Spoiled Right Now
The last thing I want to do is end up in the “bullish but cautious” group. It’s really crowded over there. However, I’d like to share with you some thoughts on the market and why we’ve had it so good for the past 6 months. The S&P 500 hasn’t seen a pullback more than 5% […]
5 Myths That Prove Option Selling Isn’t The Only Way To Make Money
I’m not a fan of dogma when it comes to trading. My own trading style is a mix of income trades and swing trades, both option longs and option shorts. And I’ve witnessed profitable traders in stocks, futures, forex, and bonds. And I’ve seen many other make money with every kind of option strategy under […]