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, […]
SPT
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 Iron Condor – 9/4/18
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 […]
Trade4Profits – Watch Me Trade 2
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 […]
SPX Iron Condor 8/28/18
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)
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 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 […]
Trading Success Rates
In 2016 our overall success rate was 65.52% In 2017 our overall success rate was 66.67% In 2018 our overall success rate was 71.11% In 2019 our overall success rate was 62.61% In 2020 our overall success rate was 73.41% In 2021 our overall success rate was 69.77% In 2022 our overall success rate was […]
Understanding Option Greeks
Do you know what Option Greeks are? Do not worry of you don’t most people either do not know what they are or think they are too difficult to understand to even try. Good news, they are not difficult at all. Further good news, the main one we use is Delta so you do not […]
What is the Best Type of Covered Call Trade?
What is the Best Type of Covered Call Trade? This is kind of a trick question because we believe the best type of Covered Call trade is not a Covered Call at all. We prefer to trade Diagonal Option positions instead of a traditional Covered Call. Let’s start with what is a Diagonal Call trade, […]
