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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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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The VIX and VXX are both very popular trading vehicles for trading volatility. But, unlike the perceptions of many traders, they are not exactly interchangeable. There are many similarities and more importantly, some very important differences. First, the similarities: Both are based on S&P 500 volatility futures Both will show a strong reversion to a […]
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The premium of an option is often used interchangeably with price. While that is almost true, it’s not entirely true. The price of an option includes both intrinsic and extrinsic value. The premium of an option refers to just the extrinsic value. Watch the video below as we analyze the premium associated with our position […]
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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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What is the most important aspect of trading? This is really not a difficult question. The answer is twofold: MAXIMIZE RETURN and MINIMIZE RISK. In this video, we discuss our current GLD position, how to lock in some profits, and how to manage the remainder of the position. Please follow me on Twitter: @cboesib Grab […]
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Pin risk occurs when the market price of the underlier of an option contract at the time of the contract’s expiration is close to the option’s strike price. In this situation, the underlier is said to have pinned. Click the video below to see me break down this important topic. Grab a free day pass […]
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Losing trades are a fact of life. But, it is how you define and manage your risk that keeps you in the game. Click the video below to see just how we accomplished that with our position in Alphabet (Ticker: $GOOGL). Follow me on Twitter: @MikeShorrCBOT Grab a free day pass to one of our […]
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