With Earnings Season coming up in the next month or so, I wanted to cover a simple, consistent setup that I use to identify potential earnings trade setups. So for this edition of Tuesday Trade, here’s an earnings trade on TMobile (TMUS)… To start off identifying a potential setup, there’s a great question to ask yourself: Do you think this is a ‘hot’ industry group right now? Is there any reason why in this quarter this ticker would do better? … Read more
Last week, we talked about what a Trading Monster is. To recap, a Trading Monster lives inside of you and it that takes over, distracting you from your trading plan and causing you to make foolish decisions and mistakes. These mistakes can ultimately make you lose money. So I felt it was appropriate to actually discuss Trade Monster symptoms, so you can identify them in your trading. Here’s a list of symptoms to start… Trade Monster Symptoms Buying without a … Read more
A Tuesday Trade Edition: One of the most important concepts in trading is to review your work, and learn from the good and the bad. It’s critical to identify what’s working — to do more of it. Each week, you’ll get a trade from my trading journal, in which I explain my whole thought process from start to finish. Trading is all about finding something that works, and applying it, over and over again. That’s how you find trading success. … Read more
As a short term, directional options trader I definitely have a list of favorite names to trade. These include: Beyond Meat (BYND) Zoom (ZM) Chewy (CHWY) Wingstop (WING) They get a bad rap with long term investors because they’ve rallied so hard and are so hyped up. However for me, they’re my bread and butter when it comes to trading short term options. I love these tickers because they regularly experience greater than expected moves due to their hype, and … 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.