The biggest indicator for the success of a trader in all of my years of training clerks, junior traders, senior traders, and my current students is this. Their inability or unwillingness to realize a loss and to manage their risk responsibly. Here is a very straightforward lesson on how to do that. The rest is […]
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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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There are many types of option strategies available to us for an earnings report. But which one makes the most sense? Click the video below as I explain what these strategies are and step-by-step how to analyze them. Grab a free day pass to one of our live signal trading rooms today>>http://bit.ly/nl-freepass Follow me on […]
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We discuss tirelessly about risk during the trading day. Risk is not something to avoid, but manage. Some risk management is pretty straightforward like when dealing with vertical spreads. Other types of spreads, like calendar spreads require a bit more work and a few more tools. Click the video below as I walk us through […]
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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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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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We are all getting geared up for Earnings Season again and are busy honing our skills. Constellation Brands (Ticker: STZ) has offered us a great opportunity to put our skills to work for their quarterly earnings report that will be released tomorrow before the open. Watch this video to learn more about what I am talking […]
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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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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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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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