SPX Trading Blunders

The short-lived increase in volatility this past Wednesday offered great opportunities for the disciplined and mechanical trader. On the other hand, it also presented great challenges to those of us that were holding short put options set to expire on Friday.  The past couple of days put my trading skills to the test. I failed…

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Catching a Falling Knife (or NDX)

Today I did something stupid… I tried to catch a falling knife. I’ve got a bulletin for all of you – it hurts! No, I didn’t really try catching a falling knife. This is simply an analogy for what I did do today, which was equally unimpressive. Allow me to walk you through my thought…

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Anatomy of a Bad Trade in SPY

When I first started this blog, I proclaimed in the post, Trading Mistakes, that one of the purposes of this blog was to “provide a forum to share my trading successes and failures in hope that others can learn from my mistakes.” Since I began publicly sharing my trades on January 24th, I have had…

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Trading Mentors

Trading systems that will make you wealthy overnight are ubiquitous on the internet. Just try doing a search on “options trading system” and you will find that there are a staggering 26,800,000 search results! It should come as no surprise that many, if not most, of these websites are scams that extort money from their customers…

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Trading Mistakes

One of the goals of this blog is to provide a forum to share my trading successes and failures in hope that others can learn from my mistakes. Bram Stoker, the author of Dracula, said, “We learn from failure, not success!” As a trader, it is imperative that we are continually trying to improve our…

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