The Ledge Methodology is a derivation of the Crossover Scalp. It uses the exact same chart as the Crossover Scalp but in a different way. When markets are calm and orderly, the Crossover Scalp has proven to be a very effective tool in our trading in the STO Room. But as we know, the markets […]
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When trading options, position allocation is one of the keys to avoiding undue variance in your trading portfolio. Watch this short video on how to access your risk and allocate accordingly. Follow me on Twitter @MikeShorrCBOT
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The head and shoulders pattern forms when a stock’s price rises to a peak and subsequently declines back to the base of the prior up-move. Then, the price rises above the former peak to form the “nose” and then again declines back to the original base. Then, finally, the stock price rises again, but to […]
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Many traders look at their win to loss rate when evaluating their trading. This is an important concept, if you are right way more than you are wrong, you probably are not going to enjoy much success. But, many are missing one part of the puzzle, expected value. Not only IF you are right or […]
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A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed once the asset’s price falls below a support level equal to the low between the two prior highs. There is indeed a […]
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Risk management, we talk about it all the time in the live signal rooms. It is one of, if not the, most crucial parts of trading. You can have all the best trade ideas in the world, but if you cannot effectively manage your risk, you are setting yourself up for failure. It’s important to […]
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There are many types of option orders, but there are two special ones available on the ThinkOrSwim platform. Click the video below as I explain what these order types are and step-by-step how to execute them. Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/nl-freepass Follow me on Twitter: @MikeShorrCBOT […]
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Late last week, we got filled on a debit put spread signal in the gold ETF $GLD. Monday we have seen a continued flight to quality with heavy buyers in both gold and Treasuries flooding the market. Click the video below to see how we are going to adjust our position to try and get […]
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Many traders shy away from trading options because for many reasons. The two main ones I have encountered are either they are too complicated or there is too much risk or a combination of both. The risk part is simply just not true. If used properly, options afford traders MORE control of their risk and […]
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Volatility skew refers to the fact that options on the same underlying asset, like a stock or a future, with different strike prices, but which expire at the same time, have different implied volatilities. Implied volatility can be explained as the uncertainty related to an option’s underlying stock, and the changes triggered in different options’ trading prices. Puts […]
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