Options Trading Webinar: Ben Lichtenstein Talks Trading, Psychology and Futures
In this week’s option trading webinar Ben Lichtenstein joined us to discuss markets, trading and how to overcome the challenges of trading.
As the President of Tradersaudio.com and a member of the Chicago Mercantile Exchange, Ben Lichtenstein is an experienced trader. He has gained the confidence of his clients and the respect of industry leaders as a pioneer in the Futures Industry and unmatched commitment to reliability and consistency. He is dedicated to the development of audio products for traders because he’s seen how valuable it is for traders.
We started the webinar talking about the current market environment. After such a tremendous run higher, it made sense that the markets would pull back some. This short trading week (markets are closed on Good Friday) served that purpose; much of the overbought condition burned off. We also discussed the VIX’s low level and the need for caution.
Ben discussed his take on the markets. He is a tremendous pit broadcaster, but he has recently been trading his own account and gave everyone his own spin. This is a game about psychology and behavior as much as anything, and Ben explained how to approach the trading game strategically.
This Week’s Market Action
After an enormous run higher over the last six weeks, it seemed everyone was looking for a turn down. That is a loser’s game in my book, and those who have been trying to call a top for the last several weeks have been wrong and burned badly.
Price action rules all, and while it seems resistance is at hand slightly higher, there is no blueprint for when the sellers decide to take the market down. We’ll play it accordingly and book wins along the way.
Options Trading Webinar with Bog Lang and Ben Lichtenstein
Watch the webinar to get insights from two great traders on the markets and how to become a better trader.
If you love the insights you gained in this webinar, don’t miss your chance to join us live. Each week Explosive Options hosts a FREE options trading webinar during to discuss recent market action, current plays and charts of interest, along with the trends that may affect future action. Join us live and get your chance to ask your own trading questions!
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