High Probability Moments In Time

Trading is not about being on the right side of the market each day. That’s impossible, especially when it is Wall Street’s job to lure people in like a newborn baby to the tit. Feeling comfortable and bullish at the end of the year? So was everyone else. Snuggle up and start drinking. By February … Read more

And The Other Thing About Symmetry….

Symmetry is such a simple concept, yet it is a very powerful analysis tool.  Take a look at this chart in S&P futures.  Symmetry is similarity or equality when comparing swings in the same direction.  Note how similar the swings on this 120 minute chart are.  Obviously these levels don’t always hold, but they are … Read more

The Peril Of Celebrating Wins

One of the most memorable characters from my business school days was an organizational behavior professor who loved to call BS on common business platitudes. Anyone who suggested that the solution to any tough problem was to first get “buy in” would immediately hear, “buy in? BUY IN!?!? You want to furlough half the department … Read more

The Randomness Of Winning Streaks

Two things stand out from college. Okay, maybe three, but only two are printable. First was the professor who said, “History is philosophy teaching by examples.” I liked that. A person’s actions are dictated by their belief system. To some extent, people’s belief systems are dictated by the times they live in. It wasn’t that long … Read more

What Is Working Now?

We all know how brutal the market has been to trade this year.  We have had a hard push to the downside and large intra-day swings.  With the sometimes daily swings and reversals, it is very hard to know which way to go. Options traders have an edge in using price moves and volatility to … Read more