Trading to win using the Secret Code of the Illuminati

Tag archive for ‘option expiration’

Buying Knives

Buying Knives

Buy Knives. Evidently that’s the message the Boyz want us to understand. Counter rotations are brief and a thing of the past, forever dooming shorts to failure. ———— That’s the message, please don’t shoot the messenger. In what I believe is one of the more manipulated markets I can remember…knives are caught and thrown right […]

Pi a la mode

Pi a la mode

Focus. ———— On what? _________ Danger? Opportunity? ———– There is always risk in the market. ALWAYS. ————- “The graveyard of the stock market is littered with the bones of men who were right too early.” – Old -time wall street adage ———— Disciplined traders understand that, and play anyways. So do emotional traders, but each […]

Sorry Charlie

Sorry Charlie

Chasing my tail with Charlie today. ———– Premarket, inside day shaping up. Some days we are right on the money, other days we need time for clarity. When we get smoke and mirrors bars, then we need to be conservative, especially around options expiration. I liked trading both sides today, but felt like I was […]

Peanuts

Peanuts

Think about it. The mighty Elephants may be tired, or not. —————— Know where we want to do business, then do it. Critical thinking, a system that is consistent enough to trigger ideas often enough, and solid discipline contribute to our success or failure. Easier said than done. —————— All I know is hard work […]

Elephant Steps

Elephant Steps

Climb the wall of worry. With Alfed E. Neuman as our guide, no worries. ———— Fighters of the assault on all-time highs have not done very well, but I assume you have noticed. ———— Before you think I am an arrogant long, fuggedaboutit. 20+ years analyzing markets, I still consider my self a student of […]

Red Zone Trading

Red Zone Trading

Play hard in the Red Zone. —————- Focusing on the goal lines gives us an edge. If the Traders take it out, so be it. That’s what stops are for. —————— I’ll keep holding on… —————– The morning post referred to the small range this week… only 13.5 points. That is ridiculously small, and makes […]

Loving it

Loving it

Let’s face it. The shorts fifteen minutes of fame worked a bit longer, but not by much. ————— Continually reading the market’s gyrations almost seems like a lesson in futility, doesn’t it? —————- We really have to love the market to continually subject ourselves to the illusive and abusive patterns we try and discover. —————- […]

In the Pink

In the Pink

Burning Theta. Not much news to move the market, Snow shovels still working overtime. 40″ back home may take a day or two to dig out… No worries… As we get older, experience teaches us that it is more likely to snow in January and February, rather than in July in New England. It’s a […]

Pro Trading

Pro Trading

Be Proactive. Something may be holding you back, and my guess it is in your blind┬áspot. If nothing is holding you back, kudos. ———————– Decide in advance where the odds favor our trades based on time and price. Today we assumed was a Pro tected trading range. ———————– That puddle may be hiding a frog, […]

Three Magic Words

Three Magic Words

Wrong. I am wrong. ————— Can we say it? Can we do what needs to be done? ————— Charlie can’t, that’s why he washes out in short order. —————– Up Side Down —————- Most likely, many times, if Charlie (us) did exactly the opposite of the way we are thinking, we would be better traders. […]