The Importance of Rules While Growing a Small Account
Since July 7th, I have grown an $8K account into roughly $60K. One of my favorite things to do is compliment my options trading with profits from trading Micro E-mini’s.
Follow the Footsteps
The trading days surrounding the Labor Day weekend saw the market sell off hard. This was not a surprise as we had been seeing indications that the market was getting very extended. One way that I can detect when the market is ripe for a turn is by watching the UVXY. This is a leveraged ETF of volatility and can be a tool for hedging.
Reflections on my $5 Million Week
It’s Saturday, August 22, 2020. I packed up my family on Friday and we headed to South Padre Island, a 5 ½ hour drive from Wimberley. Never mind there are twin hurricanes forming off the coast and are scheduled to hit in a few days. I needed to get away and process the past trading week.
Equipment Failure
Having my blog this week was very timely with ThinkorSwim breaking for not just Monday, but now Tuesday as well. Fingers crossed this doesn’t go for a third or more day. I am thankful that I was in cash for this and the Markets are basically not doing anything (except for TSLA). This made me think about our reliance on technology, and in this case, a single point of failure.
For the Fed to Live the Dollar Must Die
Since the March lows, we have seen the Fed do incredible things never seen before. It started with conventional things (like slashing rates and providing liquidity to markets) and quickly spiraled into modern day money printing via debt monetization and, even more drastically, buying corporate junk bonds.
3 Easy Ways to Protect Yourself from Scammers
Today in our increasingly digital world, it can be easy to fall prey to online scams which is why cybersecurity is so important. At Simpler, we take this matter very seriously, so we wanted to provide you with some resources to help.
How to Trade Earnings
With Earnings Season starting to heat up, a lot of traders always ask themselves how they should trade through the announcement. For those who are bold enough to take on the Risk, there are a few things to consider.
You Can’t See the Forest Through the Trees
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…
My Million Dollar Tesla Trade
(The Second One)
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
“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.