I usually go with the first instinct, and then build upon that. John Otto We all have instincts and choose to react or not. Our first instinct is usually the correct one but do we tend to follow it regularly? With the wealth of information out there and opposing views it becomes extremely difficult to…
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I have never tried catching knives in real life, and clearly these guys are far better at it than I could ever be. [tentblogger-youtube k4zhp3ZCpKU] As you can see it takes great skill, focus and concentration….and luck. When there is reward on one end and extreme pain (regret?) on the other then I prefer to…
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A hearty THANK YOU to all the veterans who have served and sacrificed to make this country the greatest of them all. The freedoms we enjoy today are because of the selfless behavior of our wonderful troops to protect what we have. Nothing is taken for granted, we are grateful each and everyday. It is…
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With the wild and crazy action the last couple of days you might think I was crazy if I told you the net movement from the close on Monday to the close on Wednesday was three points. How could that be possible when the range was 32 points or roughly 2 1/2% of the index? …
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One of my favorite writers on the internet is Steve Place. Steve brings some fresh perspective about trading options and around volatility. I have mentioned him before and continue to read his material, it makes me a better trader – PERIOD. That is the highest praise that I can give anyone – Steve deserves it!…
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I wander frequently over to Trader Habits to see what Eli Radke is thinking. On May 22 he put up a great article that all traders should read. The reality here is he will tell you what you are thinking and how you should act. Emotions are a major part of how you trade –…
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When I analyze technicals and charts of stocks one of the main drivers is mean reversion. Simply put a moving average (mean) acts as a magnet towards price either up or down. Go to far to the upside and expect price to come down, likewise a steep drop. That was the case yesterday as the…
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It’s Deja Vu all over again. The above quote is from the file of the inimitable Yogi Berra, former catcher with the NY Yankees. Since we are in the early throes of baseball season and my good friend Tim Melvin is in 7th heaven with his 1st place Orioles I thought using some of Yogi’s…
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Inverse ETF’s are a great way to gain leverage if you are trying achieve excess return counter to the market or just trying to hedge a portfolio. The double and triple really can give you some juice. But how about the options? Most ETF’s offer option plays and as you can imagine the double and…
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So much uncertainty to throw the markets into a tailspin. Will they or won’t they? Up or down? Growth or recession? Romney or Obama? Heck, let’s just pack it in and call it a day until it’s all settled. Well…that is NOT AN OPTION. We need to battle through the negativity, poor sentiment and news…
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