The leverage that options afford a trader is one of the cornerstones of the options methodology we employ here in our options rooms at Prosper Academy. Click the video below to see us in action! 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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Gold has a dual role as both a commodity and a currency. As a commodity, there are numerous industrial applications that give the precious metal intrinsic value. As a currency, it can be used as a method of wealth transfer or even as a hard currency in itself (no pun intended). Since gold is traded […]
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Many traders are familiar with the concept of the covered call strategy. Few know what it really means though. The concept is quite simple. You own stock. You then sell a call with a strike price above where the stock is currently trading. What you have essentially done is taken a long equity position and […]
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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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A collar option spread is another example of a spread that you won’t see a signal coming out of either of our options rooms. Not because it is too risky or a bad idea, but it necessitates holding an underlying stock position. But it’s important to know what it is and you may get to […]
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