You see it all the time… a market that goes back and forth and back and forth and back and forth over the same price range. I learned to call this “chop n’ slop’ back in my Chicago LaSalle street days. Something I observed since then, with the help of talking to about 1000 traders [...]
Category: Markets
We all like to talk about knowing the probabilities … and then just sticking to them. Most of us like to harangue other traders for not doing so while finding it not so easy to do ourselves. It isn’t so easy for a number of reasons – 1. Whether you are conscious of it or [...]
Last New Year’s eve I was on CNBC with Mark Haines and I had prepared some truisms for the new year … “The Trend is your friend” being one of them. Mark exclaimed but “C’mon Denise, you haven’t told me anything I didn’t already know!” …Well yes Mark … but I am not talking to [...]
… and I talked to Jon about that and this is what he said – (Referring to a specific inquiry)… “but I really encouraged him to do whatever he could to purchase your course since that is what gave me the context to get so much more out of the books that I read, which [...]
1. Was it purposeful? 2. Were specific orders entered that would “sweep the book” in PG, MMM and Accenture? Why those stocks? 3. Why 2:40 pm? Isn’t that a suspicious time in terms of margin calls from clearing houses and expiration of limit down rules @ NYSE? 4. What kind of requirements should there be [...]
… well I feel rather obligated to go through with my bullish ITM put spread but honestly, since I didn’t manage to get it on, I also feel a personality change in the market. For me, I sense these things through speed and rhythm and the s/r of yesterday and this morning, is striking my [...]
Well between the margarita’s and the great NYC weather (and the garden and the dogs and …), I have yet to learn tos analytics… so my trade isn’t on. But… it is about to be (or at least I am dedicating the rest of the afternoon to the analytics part)! Yes I should be writing [...]
Even though this options (learning) gig allows me write while I have a trade working – and not be staring at the screen all day … TODAY is a good example of how the intraday movement gave me an opportunity to get in BUT I missed it. Now I haven’t yet looked at the options [...]
UPDATE TO POST “Joining the Options Counter Culture“ 1. Nice to have a tutor in thinkorswim software … better to have it be the same guy you drink margaritas at home with. 2. A put spread risks less than just buying calls. 3. I am actually bearish for May and bullish for June.. so now [...]
Ok… so I have my idea … and I have my time-frame …. i.e. after maybe a “pro-longed” (relative to recent history – after all, ALL market moves only occur in context) swoon/retracement over $GS, we will resume the march known as “markets climb a wall of worry”. Now think about it – those two [...]