I LIKE TO TRADE NEITHER SHAKEN NOR STIRRED
The problem with the novice trader is that they believe they can become rich by reading books or watching a few online videos on trading. Even worse are those who watch business television to decide which stock to buy or sell. The airwaves are bombarded with information on stocks that have climbed drastically or dropped dramatically. This entices the novice trader to chase price and enter at prices that are likely to cause a loss. Books and web videos are nearly as bad. Al...
CAN I USE OPTIONS IN MY IRA?
Many people know very little about options and how they can be used to increase cash flow in an investment portfolio. Others know about options but may not know that certain uses of options are permitted in their retirement accounts; or have been told that options are too risky for your retirement money. Here, we’ll take a look at what kind of option positions are permitted, and how you might use them to your advantage.
First, we need to know that options are traded in an equi...
HOW LONG DO LEVELS LAST?
When using supply and demand to identify turning points in a market, a question that comes up often is, ‘How far back should I look for a supply and demand level’? The proper answer is this: Look back as far as you need to in order to find fresh demand and supply. The key word is fresh as those represent the highest probability turning points. At those points, you have the highest amount of unfilled buy and sell orders which is ultimately why prices...