How You Can Be Better Tomorrow Than You Are Today I am often asked: What is the most important attribute to become a successful trader. My answer may surprise you. It has nothing to do with “conviction” market predictions. In fact, for those that have read my latest book The PlayBook, I scorch the myth propagated by the Financial Media … Read More
How to End Stock Picking Frustration
Even the best traders have their bad days (or weeks or months). Sometimes the frustration can be maddening. It’s not a question of talent – as previous trading success bears this out. It’s just that sometimes, things just stop working and you need some fresh ideas – and when you go to the well, it comes up dry. Successful traders … Read More
Options Trading for Income with John Locke for May 19, 2014
No relevant positions Risk Disclaimer
Three Reasons You Don’t Trade with LeBron’s Confidence
Talent is a myth. Elite performance is earned. This means it’s within your grasp. There are principles of elite performance that produce results. Right now, your trading produces results. Good or bad you are getting results. But you know you can do better. Professionals understand how to consistently perform at a high level. That understanding is what you crave. How … Read More
How to Adjust Options Positions for High Yield
Many traders learn the M3 and fall in love with it. They love the high win rate, mild draw downs and ease of management when properly traded. After all the M3 Trading System was designed to minimize your risk while you learn to trade. Essentially the M3 allows you to earn while you learn with low risk positions. It … Read More
How to Overcome Limitations of Common Options Trading Income Strategies
Why Smart Options Traders Match the Strategy to the Conditions Are you frustrated with the lack luster returns and poor performance of most so called “income trades?” Directional and trend following traders tend to take repeated losses in sideways markets. Most common strategies such as buying stock, covered calls, naked puts and bull verticals and collars do very poorly in … Read More
The Secret Key to Your Trading Success
For those of you who knew me early on in my trading career, you’ll remember that I’ve had some great failures. I’ve made mistakes, had repeated losses and have felt like I was never going to make it at times. Luckily for me I had already secret knowledge required to become a great trader and once I discovered I already … Read More
How to Successfully Trade Options Without Timing the Market
How to Replace Your Obsession with Timing the Market You see the enemy every time you look in the mirror. Your greatest attribute is also your greatest weakness. The desire to be right. The 2014 market conditions has led the mass of traders to quiet moments of desperation. A funeral march to the proverbial trader’s grave. All inflicted with the … Read More