Here’s a crazy story that shows you how I can still make mistakes even after almost 40 years in the markets! Two days ago I told you how one of the rare occasions I’ll buy an option is when a stock is about to announce earnings. It’s well known that
No one likes losing trades. Least of all, me. But to become a successful trader is to understand that there is no perfect strategy that wins all the time. If you’ve been following my articles, you’ll know that everything — every single trade I place — starts with spotting a
I want to tell you about a little trading strategy I use when earnings are going on. And it’s all based on this piece of timeless market wisdom: “Amateurs control the open, professionals control the close.” I look at these tech stocks and find out when their earnings are going
I recently shorted AVGO in my Weekly Options Profits paid membership program. And I’ve been getting a lot of questions about that. You’ve probably heard me say: “We always trade in the same direction as the broad market.” And that’s true. It’s a GREAT rule of thumb. But that’s the
A few weeks ago, wrote some tutorials on covered calls for you. (If you missed them, you can get them here: Part 1, Part 2.) You’ve had a couple of weeks to practice, so I figured I’d give you a free covered call trade idea. Here’s the deal, though: In
Last week, I analyzed the broad market for you using three ETFs that track the three major indexes: In that post, I showed you how I could tell the broad market was weakening… or at least how it wasn’t as bullish as it had been for the last few months.
A few weeks ago, I posted a survey asking for feedback on some of the articles I’ve been writing for you. Today I want to cover one of the questions I got, because it’s probably one of those most common — and important — questions I get. Here’s the question:
Important, Before we get started:As with any trading strategy, I highly suggest using your platform to paper trade it before you use real money. This allows you to not only fully understand the strategy, but to work out any kinks with knowing how your platform works, which buttons to push,
After the turbulence of the last week or so, I want to show you how analyzing the broad market shows me that the trend in the market is potentially changing… Plus, stay with me, because I’ll be giving you a couple of tickers you’ll want to keep your eye on.