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
Click the image above to watch Danielle Shay discuss the impact of additional Chinese tariffs on American consumers, on Cavuto: Coast to Coast, on Fox Business. President Trump has recently threatened new tariffs against China, which are set to go into effect on September 1st, 2019. This news has sent the stock market into a downwards spiral, getting rocked from the new, all-time highs it made in July 2019. Why? First of all, the stock market doesn’t like uncertainty, … 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
Click on the image above to watch the full, TradeTalks segment on 3 Tips to Buy the Dip. This week in NYC, I stopped by the Nasdaq Marketsite in Times Square to meet Jill Malandrino and discuss the current market pullback. Since the trade war news last week, the market has been tumbling, and investors everywhere were looking for reasons to start buying the dip. In this video clip, we discuss three key methods that I use. I look … 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
Monday’s have never been my favorite trading day, really until this year. Maybe it’s because John always told me he never traded on Mondays — I’m not sure. But, yesterday went swimmingly. With a combo of my stacked trades, I’m currently up over 2k between my two options accounts, with BYND, MSFT, TWLO, ZTS making up most of those profits. Here’s how I’m managing that, and how I want to present that opportunity to you… I usually keep around 15-25k … Read more
Being a part of the Five Star community, I try to give you exclusive downloads, sneak peeks, and potential trade setups. So today, that’s the whole focus. I’m going to give you a sneak peek of my “Triple Stack Profits” webinar I’m hosting tonight. If you want to join me, you can save your spot here. It’s totally free. So here’s your exclusive sneak peek… Does this sound familiar? The path to becoming a successful trader is one ripe with … Read more
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results
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.