What is the Difference Between Buying and Selling a Butterfly? Simple, risk verses reward. I bet you wanted more than that right? Well, if you insist. Let’s take a couple of real life examples looking at the market right now. Let’s look at TSLA which is trading at $297.04 right now with an implied volatility […]
SPX – 07/31/2018 – Iron Condor I started this trade looking for an Iron Condor, I entered the Put side first and was filled in about a day. Next I entered an order for my Calls but … I was never able to get filled at a level I was comfortable with. SPX was trading […]
Trade4Profits: Watch Me Trade 2 Watch Me Trade 2 is a continuation of our first Watch Me Trade book. This time we show even more trades including a focus on range bound high probably trades such as Iron Condors and Broken Wing Iron Condors. This trading journal focuses more heavily on these strategies than our […]
Trade4Profits: Watch Me trade There are lots of books out there on trading but how many of them teach you as well as let you study real entries from a traders private trading journal? In my book, I let you look over my shoulder as I trade covered calls, diagonals, butterflys, credit spreads, debit spreads, […]
Trade4Profits – Shortcuts to Profitable Trading This is our first book giving you an introduction to the way we trade and why. Shortcuts to Profitable Trading helps new and experienced traders learn techniques for profitable trading. Based on our over 20 years of experience trading equities, options, forex and commodities. Use Options to generate substantial […]
EWZ – 9/4/18 – Iron Condor Saw a quick opportunity to get into a high probability trade on EWZ. The implied volatility looked good and the chart supported my short positions. On 9/4 I sold the 10/19 $37 Call and purchased the $40 Call to cover it. At the same time I sold the 10/19 […]
It is ALMOST Time! Our newest book the new and updated, with all new trades Watch Me Trade 2 is at the editors! This is our second Trade Journal Book, this time we have a much more in depth focus on Iron Condors and Broken Wing Condors. Sorry, no pre-order. But It will be out […]
Look Back Trade. SPX – 08/28/18 – Iron Condor Once the above trade closed I immediately started looking for my next Condor in SPX. Once again I started with on side of the trade only. This time because SPX was spiking up I was able to get into the Call side of the trade first. […]
Relative Strength Index (RSI) The Relative Strength Index or RSI is a very popular technical indicator used by many traders. We like using RSI, not as much as MACD or more currently we have been using CCI a lot The idea behind the Relative Strength Index (RSI) is to give you an indication of the […]
MACD Divergence Strategy MACD (Moving Average Convergence Divergence) is a very popular trading indicator. It is in essence a trend following indicator that shows the relationship between two moving averages. The most used settings are the 12 period exponential moving average (EMA) and the 26 period EMA. The MACD value is calculated by subtracting the […]
