The most recent challenge has been a success… but who ever doubted me anyway? Here’s the beef on my challenge… despite reaching multi-millionaire status… I primarily trade stocks in a small account. I start with somewhere near $3,000 to $5,000… with the goal of flipping it several times over For example, in 2018, I had … Read more
There’s a popular lie you’ve probably heard about trading options… They’re too “risky”… At this event, 10-time trading champion Chuck Hughes smashes that myth to pieces. The truth is, everything in finance can be “too risky” if used the wrong way. The way Chuck uses options with his proprietary “X-ray” system defines risk down to … Read more
Here’s a look at a less talked about option in trading… LEAPS. Long-term equity anticipation securities (LEAPS) are publicly traded options contracts with expiration dates that are longer than one year. This is in contrast to traditional options, which usually expire within 6 months. Put simply, LEAPS possess all the same characteristics as standard options, … Read more
I want to provide you with a simple technique that will allow you to take advantage of stocks when they experience a price pullback— this approach will help pinpoint when it’s time to be a buyer and get bullish. “Buy the dip” is an expression that is set to describe a trader who has just … Read more
What a week! Right when the market was set to make new lows—rumors of a U.S./China trade deal brought optimism back into stocks. With “Phase One” of a trade deal on the way… new all-time highs are almost certain to be the next stop. Retail sales numbers on Tuesday will set the tone for the … Read more
Little bit of up, Little bit of down… Little gap here, Big gap there… Probably not the best trading conditions, right? So what’s all this chop mean for us going forward? While I don’t have a crystal ball, here are my thoughts: One—more chop in the market can mean more time on the sidelines. Not … Read more
Stocks still can’t seem to figure out whether they want to break out to new highs or revisit the summer lows… However, traders remain hypersensitive to news headlines—causing a lot of back and forth price action. During periods of uncertainty, I try to stay patient and focus on stocks that aren’t moving in the general … Read more
I’ve invested time and money testing different trading strategies…and believe me, you could spend a lifetime and still not run through them all! However, I started to pick up on common themes after studying the traits of the best traders. One strategy that I was drawn to, and still am to this day is trend … Read more
It’s been a sloppy start to October… as geopolitical tensions steal headlines from an already jam-packed news-driven market. There’s so much noise right now that it’s been hard to find great setups and follow through… even seasoned traders are finding it difficult. Now is not the time to force your trading or try to do … Read more
Ever since I can remember, I have always wanted to better myself. It pushed me to leave my stable teaching career and take on the unknown world of trading. And while “I’ve made it” now… nothing was ever promised or guaranteed to me… and that’s why I keep going and pushing… This year I introduced … Read more