After my trading day ends, here are the things that I review: Determine if rules is broken and why Determine if risk was within acceptable levels Determine if losses were within acceptable ranges Determine if adjustments in my trade plan is necessary Update my trade...
Good morning! Markets are mixed this morning after six up weeks out of seven. And now we are moving into earnings seasons where markets will most likely remain bullish. Volatility has been moving lower over the past year and the trend is solid with the exception of a...
Here is what I do before each trading day: 1. Identify areas of support and resistance – This helps you know where the market will consolidate or potentially break out or break down. 2. Review the US dollar pricing since over 50% of S&P 500 firms drive their...
Wondering how to deal with the risks associated with the trading SPX Credit Spreads? Follow certain guidelines and daily routines to properly manage risk. Here is what you can do: 1. Always trade with a plan that should include the entry and exit criteria, trade size...
Good morning and Happy Friday! Well, as most of you know, I have been expressing some caution lately about the potential for a correction. My thinking was that we would get a three to five percent move lower. What we got was a one-day 1.7 percent correction. I knew it...
Good morning! If you blinked yesterday, you missed the “correction”. After the SPX hit a new high, the market moved down about 1% then proceeded to wipe the loss by the end of the day. This morning, markets are higher with the NASDAQ leading and the RUT...
