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What Happens When You Try Too Hard to Make Money?
In the trading world, it's called "pressing", forcing a trade to make more money. Pressing (trying too hard) can hide itself in many ways…position size too large, not adhering to your trade plan, etc. Pressing is totally the opposite mindset of trading selectively, as...
Have a Plan – Trade Your Plan
The phrase "Have a Plan; Trade Your Plan" has been used over and over again, and applies to many different business applications. I am a firm believer in having a plan, whether it is a one month plan, one year plan, or a 10 year plan, to achieve your goals in life. Do...
Accepting Losses
If you haven't learned how to accept a loss in trading, perhaps you shouldn't be trading at all. Losing trades are all part of the process and should a component of every trader's mental awareness. What is just as important, or more important, is recognizing this...
Year End Goal Setting
As we come to the end of another trading year, it is that time when we make a few personal decisions. Will you reflect and review on your performance over the past year? Did you set goals for 2015 and if so, how did you do and why? Will you set new goals and a plan of...
The Concept of Compounding
Albert Einstein called compound interest "the greatest mathematical discovery of all time." "Compound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it." Albert Einstein As we near the close of 2015, I felt this...
Do You Have A Winning Image?
"What makes trading so fascinating and, at the same time, difficult to learn is that you really don't need lots of skills; you just need a winning attitude." Mark Douglas Winners are aware of an inner state which wants to expand. This inner state has an image of...
Core Income Butterfly (CIB) Webinar Replay
Dan Neagoy, from Theta Trend, presented his Core Income Butterfly (CIB) trade to the Capital Discussions Round Table yesterday. Dan covered lots of ground: His background The philosophy of the CIB trade Entry, Adjustment and exit guidelines An example of a recent...
Mistakes WILL Happen in Trading; How to Overcome that Sinking Feeling…
Prepare yourself. At some point in your trading career, it's going to happen. You're going to make a mistake when placing an order. You're going to place an order to buy a spread when you intended to sell one, or vice versa. You may buy ten butterflies when you meant...
Mastering the Option Greeks: All About Delta
Delta measures how fast an option price changes relative to the underlying security’s price. Delta is the first derivative (or slope) of the price curve of an option. Delta values range from -1.0 to +1.0. Delta values 0.0 to +1.0 for long calls 0.0 to -1.0 for long...
How Volatility Can be Used to Plan Your Entry Strategies
When you determine the difference between a stock's implied volatility and its current IV percentile, you could have an edge in your trading. This could help you become a more consistently profitable trader. "If you want to have a better performance than the crowd,...