Spreads are another favorite of mine. There are two types of spreads I trade using either Calls or Puts. They are Credit and Debit Spreads. A credit spread means that you receive money when you place the trade and hope that the position expires worthless. A debit spread means that you pay money when you […]
Is TradeNet a Legitimate Day Trading Program?
Primary site owner/personality: Meir Barak. Website: www.tradenet.com TradeNet is another of the ‘let me teach you to day trade’ sites. One thing I noticed about the TradeNet website is that it has a more professional set up. Although it does feel a little bit like a carnival sells site to me, which might push you […]
SPY Iron Condor Look Back Trade
SPY – 07/19/2016 This is another trade you should not attempt. I traded this one in my virtual account to show how difficult it is to make a decent return with an EFT. I normally only do Iron Condors on indexes. The other thing I did here was a short term two week expiration which […]
PCLN Credit Spread Look Back Trade
PCLN – 07/14/2016 So what happens when one of these short term momentum trades go horribly wrong? Well that is what this trade is all about. Keep in mind that I understand the risk when I enter these. To get the premium you need for a trade designed to last less than 48 hours you […]
Soybeans Short Bear Calls
On 5/19/17 with the SQ17 soybeans trading at $954.75 I shorted August calls at $1,150.00. For the most part this trade went perfectly. At one point I could have closed for almost full profit. However, Soybeans had moved so perfectly for me I decided to leave. Oddly, this is something I rarely do in equity […]
How to Buy a Stock Cheap
One of the ways I have discussed working from how was trading stocks. This could be day or swing trading. I have a page on it that you should look at before deciding this is right for you. As part of that strategy I wanted to discuss one way you can purchase a stock (or […]
SPX Iron Condor Look Back Trade
SPX – 6/23/16 I placed this Iron Condor the day before the Britain European Union exit vote. This could have been considered a high risk trade, except I legged into it. I sold my Calls on 6/23 and waited until 6/24 to sell my Puts. I was able to take advantage of the market panic […]
Covered Calls
It is time to delve into one of the main strategies I trade. Those of you who are familiar with covered calls, please do not say “really, covered calls again!” because I do not trade typical covered calls. My portfolio is broken down into a number of different strategies that help to increase my returns […]
NDX Look Back Iron Condor
NDX – 6/17/2016 On 6/17 I decided to place an Iron Condor on NDX while it was trading at $4,371.20. Little did I know at the time this would become a nightmare trade for me. Most of the time when you have to defend an Iron Condor it is on the Put side which is […]
RUT Credit Spread Look Back Trade
RUT – 08/05/2016 On 8/5 with RUT trading at $1226.64 I decided to enter into a one day high risk trade. Based on momentum I believed that RUT was heading down that day but that is not the real reason I entered the trade. I was looking for a hedge trade to bring in premium […]
