S&P and EURUSD are gyrating in broad resistance ranges. Timing a short all depends on price structure. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions
I Am Worried About Dark Pools
RE: Should we be concerned with all of the volume being done on dark pools as retail traders? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. Here is a link to that … Read More
This is a Detailed Trading Plan
Q: How many pages is typical of a sufficient detailed trading plan? And how might one go about SIMPLIFYING to focus on what matters most? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. … Read More
From The PlayBook: Building Intuition
Learning how to build your intuition is a key element of successful trading. Here’s a discussion on this from Chapter 4 (“How Good Can You Be?”): Arggh is the topic of trading intuition misunderstood. Newbs think they are born with a “feel” for the markets and trade accordingly. Yeah, so it doesn’t work like that. Intuition is your trading brain telling you … Read More
What Does the Average Day Trader Make?
Q: What does your average day trader earn in percentage terms per year? @MikeBellafiore SMBU recently sent a survey to the SMB Trading Community asking of their trading frustrations. From this survey we ferreted out the top five trading frustrations. Then we held a Webinar to offer solutions. During this Webinar we were asked the question above. In One Good … Read More
Maximize Your Income with the Calendar Spread: An Options Trading Strategy
We have discussed the definition of two options trading income strategies before: the short vertical spread and the iron condor. In this article we would like to introduce you to another options strategy called the “calendar spread” which is also known as the “time spread”. Like the short vertical spread, when employing the calendar spread strategy, we are selling one … Read More
Spread Trading: Three Timeless Lessons You Need to Know (Including When to Close a Debit Spread)
In this second article about debit and credit spreads we will discuss when you might want to use a debit spread over a credit spread or vice versa. To review, we previously discussed the fact that there really isn’t a meaningful economic difference between a credit and debit spread on different sides at the same strikes. It just comes down … Read More
Major Resistance Areas Reached? What to Look For.
S&P 500 and major currencies have reached major resistance levels but don’t be so quick to short. — Marc Principato, CMT, Risk Disclaimer *No Relevant Positions