For those of you who don’t know, I’m a former elementary school teacher. I got into stock and options trading out of necessity. My wife and I were drowning in student loan debt to the tune of $200,000. During that desperate time, you could find me collecting soda cans after the high school football games … Read more
Next week will be a short one for U.S. markets, with Wall Street shuttered Monday for MLK Day. Hopefully many of you get the day off and have a chance to relax. As far as this week, well… traders continue to pump up this overinflated basketball of a market, despite some cracks at the seams. It appears … Read more
Bank earnings will be a big theme this week, with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) among the names reporting today. A handful of other financial names are slated to report later this week, too. As such, I thought I’d outline one technical indicator that can act as an alarm for trend … Read more
After a strong fourth quarter and Santa Claus rally, stocks kicked off 2020 with a bit of whiplash. Bulls were shaken up a bit to start the year, after President Donald Trump ordered the assassination of a top Iranian general. Iran then threatened “harsh revenge.” The news fueled concerns about oil supplies from the Middle … Read more
Markets got its first taste of volatility yesterday, as geopolitical tensions rise following a U.S. airstrike in Baghdad killed five members of Iran-back militia, including General Soleimani. Putting politics to the side, the spike in volatility was welcomed by most option sellers like myself—which should open a lot of opportunities in the coming weeks. But … Read more
If you’ve been trading long enough, you’ve probably heard someone throw around some stats… 95% of all traders fail. Traders who take losses just feel like just giving up… they’re exhausted from seeing trades fail repeatedly — fed up with the disappointment… ultimately, they just take themselves out of the game and become a statistic. The … Read more
As we’re closing in towards the end of 2019, I sit back and reflect. Who would have thought a year ago that I would be eating vegan, and using options to help put together my best year ever as a trader? My Weekly Windfalls strategy is completely different than anything you’ll see from a stock trading strategy. … Read more
The ugly truth about buying options? The odds are stacked against you. I learned that the hard way. To be honest, I lost thousands of dollars when I first started trading options. I almost swore them off forever. Until I discovered one trading strategy that let me become “the casino.” In fact, the first 19 trades after … Read more
For years I traded stocks. Options weren’t even on my radar. And whenever I did try to trade them— I would get absolutely hammered. Here I was, a successful and profitable equities trader — unable to translate it to options. Even worse, I had one of the best mentors teaching me the ropes, Jeff Bishop. … Read more
Does this service work for small accounts/limited funds? The short answer…YES! The long answer… Over the years, I found that one thing above anything else, is the key to success. Consistency. But along the way, after teaching 10,000+ clients, I realized that consistency wasn’t enough for them. Seemed foolish to me at first, but now I … Read more