Recent Posts

Size is everything

Size is everything

11/27/2013 | By | Add a Comment

So let me tell you a true story, in November of 2013 I had 50k roughly in my margin account and about 80k in my IRA. Not huge sums of money but its what I got or had I should say. My accounts have been bouncing up and down since I started trading options in […]

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Bet it all on red baby

Bet it all on red baby

11/24/2013 | By | Add a Comment

Ahh… earnings season. I hate earnings season. 4 times a year the market loses its mind. Stocks that are doing well lose 25% of their value in a day and others skyrocket all because of some analyst’s expectations. Hell sometimes the company can do great and the stock price still gets punished. Typically I stay […]

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You’re outa time Marty

You’re outa time Marty

11/24/2013 | By | Add a Comment

As an options trader you not only have to be right on the direction the stock is going to take but also how fast it is going to get there. The price of an option factors in the cost of time. Time loses value as you get closer to the option expiration date. ┬áThe further […]

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You are Wrong! Admit it!

You are Wrong! Admit it!

11/24/2013 | By | Add a Comment

When you are wrong in trading it costs you money, but its a part of trading you have to deal with. In fact the majority of the time you will be wrong so what do you do? Before you take a trade you have to ask yourself… At what price will this trade be wrong? […]

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Focus on the Entry screw the Exit

Focus on the Entry screw the Exit

11/23/2013 | By | Add a Comment

Most traders worry about when they are going to get out of a stock. They say having a great exit is highly profitable. Often they forget about the entry though. In their excitement to get into the trade they fubar the entry. They buy a stock at the top of its range or just act […]

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Split the uprights Charlie Brown!

Split the uprights Charlie Brown!

11/23/2013 | By | Add a Comment

When placing an options trade you have a Bid and Ask price. The bid is what others are willing to pay at the moment and the ask is what the sellers are willing to sell for. These prices change all the time in a fast moving stock. Sometimes the prices are moving so fast that […]

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Chasing is bad M’kay!

Chasing is bad M’kay!

11/23/2013 | By | Add a Comment

Everyone loves a winner! When someone in my trading room says a stock is breaking out, my immediate thought is “Oh my God I am missing it! That’s found money.. Jump on it!” As an option trader you need to factor in the cost of volatility into what you pay for an option. While a […]

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