managing a trading account Trading is an inherently complex activity that requires a specific skill set, and, as I’ve recently discovered, is just like tending to a garden. And it’s helped me realize, something I already new… That education and mastery of a specific setup is critical to your success. So think about this… Why does one plant a garden? Well, they may want fresh herbs, home grown tomatoes, or to just gaze at its beauty. Now, that doesn’t mean … Read more
You may not know this about me, but about 10 years ago, I lead a very different life. You more than likely know about my time in Costa Rica, and when I struggled as a single mom. Then when I dropped it all and went back to my parents and Seattle, and then when I started trading. However, this is something I haven’t talked about yet, and it’s equally as important… I was attending the University of Washington, where I … Read more
It’s times like these that are some of the most trying for us, as traders. I’m not going to say the last week has been easy — as it hasn’t. We knew there was an upcoming Federal Reserve decision. And we knew they’d likely cut rates. We also know, as traders, these decisions cause volatility. As such, we remained largely flat, and waited to get long until after the Fed sell off was through. That was great… until the unexpected … Read more
This week, we’ve seen some volatility in the market that we haven’t seen since May — the last time President Trump escalated the trade war. If you’re anything like me, you were enjoying the simple ebb and flow since the most recent lows in May. Well, with the most recent Fed decision, and the additional 10% tariffs that’ll be imposed on China in September, a new dose of uncertainty has been injected into the market. More than anything, what the … Read more
“Fight the need for certainty” – John Carter As I sit here, watching the market fall out of bed — it just dropped over 50 S&P points in 25 minutes — I’m reminded, yet again, one of the most important pieces of any trading plan… “Anything can happen.” This is one of my favorite pieces of advice from Mark Douglasses book, Trading in the Zone. I’d say that this book has created the cornerstone of my psychology section of my … Read more
Case Study: BYND A ton of emails I’ve gotten this week have surrounded two very important questions. For today, I’m going to walk you through my recent trade in BYND to provide the answer to those questions, and some additional analysis (and an awesome graphic). Here are the questions… Question: What size account do you need to trade butterflies? I have a (insert account size here) – is this something I can do? To answer your question, these trades work … Read more
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CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.