How to Journal Your Trades
This year I have spent a lot of time talking to my Trading Room members about trade planning and journaling. It’s crucial!
The purpose of this e-mail is not to talk you into joining us (although you’re more than welcome), but to share some journaling exmples…
Norman Hallett, one of the world’s leading ‘trading discipline’ trainers has [...]
Iron Condor Adjustment Strategies by John Summa, Ph.D.
The way most of use trade them, iron condors are high probability income strategies. This means that each time we open the trade probability is rather good that our short option strikes will remain out-of-the-money and expire worthless – leaving us with a profitable trade.
While the probabilities are in our favor, the risk-to-reward ratio is [...]
Adjusting Time Spreads with Dan Pasarelli
Dan Pasarelli from Market Taker Mentoring is a veteran of the Chicago trading floors and the author of two books on options trading. A couple days ago he joined us to talk about the art and science of constructing and adjusting time spreads.
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