Are you an offensive or defensive trader?

Are you an offensive or defensive trader?

This topic could take many turns, but the one that I want to discuss is trading stocks, options, E-Minis futures,or a currency pair. When we first start trading, the easier concept to grasp is directional trading. We begin the hunt to find a stock or an option to...
Who is Guarding Your Gold?

Who is Guarding Your Gold?

Overtrading is a common error many traders face.  We make a few profits and get excited and want to continue to trade.  Profits can emotionally give you such a wonderful feeling that you want more of that feeling.   Trader Beware!  The market will take profits away if...
Manage Your Trade Risk AND Profit Targets

Manage Your Trade Risk AND Profit Targets

Manage Your Trade Risk and Profit Exits.When you get on an airplane, just as the plane taxis down the runway, the stewardess or steward shows you how to comply with the safety rules.  One of the rules is to locate the nearest exit which is not a bad idea in case it...
Money Bucket List

Money Bucket List

How do you get more money? We all have a “Bucket List” in some form or another. We save and budget and look for opportunities to get more money. Here are a few ideas on how to get more money.• Get promoted at your job and get an increase in salary.• Find...
Trading Naked Puts For A Living

Trading Naked Puts For A Living

When someone asks me what do you do for a living I tell them that I trade the stock market.  That usually causes an inquisitive look on their face and bring them to their next question of what do you trade? I told him I love going naked in the market. That usually...