Yesterday, I went out wakeboarding with my family here in Gig Harbor, Washington. The weather was great, but fairly windy, which chopped up the surface of the water. Fortunately, my parents’ place is in a cove so we just stayed further back to find smoother…
John Carter made over $1,000,000 in one day trading Tesla using options strategies. And this isn’t the first time. In trading, we’re going to miss a lot of moves, but sometimes, we see opportunities where everything lines up and we do a full-court press.
“The Fed will buy what I buy” is a phrase I have been hearing. Essentially it means that the Fed is in the business of backstopping the market and making sure it doesn’t go down at any cost. That cost is in the form of nearly 0% interest rates, digitally printing money, and buying corporate bonds.
Outside the markets, our economy is teetering in weird limbo. With stay at home orders around the world, the US has been faced with the highest unemployment that has occurred in our country’s history. Many companies were shut down as others learned how to work from home to stay on track.
Normally it would be redundant to say to technically minded traders that “news is noise” … but these are not normal times. Let’s talk about what a chart represents. A chart is a visual representation of the collective decisions and subsequent psychology of millions of market participants.
When one ventures down to the ocean floor, what does one see? Maybe an octopus, some really rad neon fish, the occasional shark, definitely a coral reef or two. Maybe a mermaid if you’ve been drinking the sea water. Mainly the idea is that everything is pretty much living in synchronicity, a certain harmony if you will.
It is perplexing to see the price performance of many stocks right now. Some do make sense such as NFLX, AMZN, SHOP, TDOC, ZM which are all benefiting from increased use and demand. But the vast majority of others don’t make sense nor are their prices reflecting reality.
As earnings season starts off, many traders are wondering just how to trade it in this pandemic. We have experienced the most dramatic monthly range that we have seen in the last twenty years due to Oil and the Coronavirus and it put a halt to many countries’ local economies.
The first quarter of 2020 has shocked the global energy market to its core. The venomous mix of COVID-19, a global economic recession, and a shocking OPEC+ price war has disrupted every single aspect of the crude and energy industries.
All of us have struggled on our path to becoming a successful trader. How long you struggle, though, is really up to you. A few years ago, I had the worst trading losses of my career. At that point, I had been trading for two years, and though I knew how to trade, my P/L … Read more