Trading Article

How To Trade The RSI2 Even If You’re A Newbie

The RSI (relative strength index) is a popular trading indicator by J. Welles Wilder. The RSI2 trading indicator is a change from the standard 14 period RSI to a 2 period that was brought to us by Larry Connors. The other difference is the change in oversold and overbought levels:... Read moreread more

DIA – Iron Condor Options Trade

“An iron what?” I distinctly remember that being my reaction over a dozen years ago when I first learned what an Iron Condor options trade was. Trading long calls and puts at that point were my only strategies that I used. However, my mentor at the time highly encouraged me... Read moreread more

3 Ideas To Help Improve Your Trading

trading ideas for success

Have you been consistent with risk, position sizing, and keeping your focus on the trading method you have tested and shown to have a positive expectation? There is a very good chance that you have not been consistent and when faced with losing trades, you’ve either switched trading methods repeatedly... Read moreread more

Mentally Manage Your Losing Trades

A part to sore losing in trading is loss aversion. This is part of human nature and trading really brings it out in all its glory. When we have a good trading system and it takes a series of losses, it’s easy for this to come out. Not only does... Read moreread more

Call Spread – Pinterest

We are finally starting to see market selling this week for the first time in a number of months. We have been talking about this move in our last few Options Trades Of the Week. With the selling starting to pickup, it will begin to open our playbook more. You... Read moreread more

Common Sense Trading Success Keys You Should Know

Fundamentally, trading really is a simple game, but it requires a great deal of thought, effort and persistence to succeed. In poker, the saying from Poker Hall of Fame member Mike Sexton goes that it “takes five minutes to learn and a lifetime to master”. Trading is similar in many... Read moreread more

Do This And Never Be Wrong In Trading Again

Fear. If there was one word to describe why a trader may not execute their trading plan, it is fear.  The fear of being wrong. In a recent foundational skills to trading post, executing the trading plan when a trade sets up is one of 8 musts for a trader.... Read moreread more

Options Trade Of The Week 7/22/19 – MU

Markets are starting another new week hanging out near all time highs. This has become the story for the last 3-4 weeks as many stocks have made runs towards the highs. As a result we are finding numerous opportunities to position our options trades to benefit from a pause or... Read moreread more

Stop Thinking About Money Gains (and losses)

When thinking and talking about their trading performance, a habit many traders tend to get into especially when they are just starting out, is using a $ value for p/l. It’s easy to see why – a new trader is likely to keep their eye fixed on the limited amount... Read moreread more

8 Foundational Skills Every Trader Should Learn

When a person first decides they want to be a professional trader, rarely do they ask just how this is likely to happen. Usually they are too busy counting their imaginary money in their imaginary mansion to be concerned by this minor detail! Even in the face of widely available... Read moreread more

Options Trade Of The Week 7/12/19 – VXX

Happy new all time market highs! What an impressive run this market has been on the last few weeks. With so many markets at new all time highs it’s no surprise that volatility has been completely sucked out of this market. In fact, we are going to close the week... Read moreread more

Act Like You Are Trading Large Trading Positions

The goal in trading is to compound your trading account allowing you to scale up your trading business. As your account size increases, so does your ability to trade larger position sizes which, in a perfect world, becomes wash, rinse, and repeat. In order to do this correctly, you must... Read moreread more

Keep Trading As Simple As Possible

At what point has your trading become over-complicated? Some traders can have many variables in their trading plan and do fine. Others can get overwhelmed when there are too many things to consider for a trading setup.  I’m sure we’ve all felt that way at times. There is no simple... Read moreread more

Options Trade Of The Week 6/28/19 – GLD

GLD is one of the few ETF’s in this market that has good volatility. As a result, the options are more expensive giving us more opportunity as an options seller rather than a buyer. For this week’s Options Trade Of The Week we are going to take a look at... Read moreread more

3 Options Strategies You Should Be Using

Last week, a student in our Nasdaq Options Superstars program had a hard time grasping why anyone would consider other options strategies. “If I’m bullish it’s best to buy calls. If bearish it’s best to just buy puts.”  While most people get attracted to the idea of trading options because... Read moreread more

Own Your Trading Results

Whether we’re talking Elliot Wave, Fibonacci, Donchian Channels or even a simple strategy such as the Golden Cross, the trading strategies and market analysis techniques a trader uses are rarely original. Ideas from experienced and successful traders and market technicians rise and fall in popularity as the next revelation becomes... Read moreread more

Options Trade Of The Week 6/21/19 – LYFT

The new IPO’s that we have seen over the last year have shown some amazing returns. Names like BYND, LYFT, and now SLACK have been extremely active since they have started trading which makes them ideal candidates for us to trade.   LYFT – Bearish Trade Opportunity With the entire... Read moreread more

Be A Prepared Trader – Especially In The Summer

Summer trading is upon us and many times that means slow markets. But just as in life, we can’t get lulled into going through the motions when grinding price action takes over our screens. So let’s have a conversation about how markets can change their behavior very quickly. They can... Read moreread more

How To Learn To Trade Online In 2019

Learning to trade is a life long process as you modify and improve the trading systems and strategies you are using. But there is a point where you become profitable more often than not and that requires work. My question is:  How many hours do you spend on your quest... Read moreread more

Options Trade Of The Week 6/14/19 – EBAY

After selling a call spread on AMD in last week’s Options Trade Of The Week, we are going back to the well by selling another call spread this week. This time we will be doing so on EBAY. We have continued to see a strong market again this week which... Read moreread more