When people ask me what training has helped me become successful as a trader, they are usually surprised to hear that it is my background in psychology.
Airport Trade?
The Airport Trade was famous in the 90's when a floor member put on a huge position and left for Brazil. If it worked out, he came back and if it did not he became a new Rio resident.
Is it a Duck or a Lobster?
If it looks like a Duck, walks like a Duck, quacks like a Duck, smells like a Duck, it's probably not a Lobster. No matter what the leading research analyst on Ducks and Lobsters says.
Some Thoughts About Trading and Other Answers
In this article, I will comment on several emails that I have received from students on various topics relating to option trading
Has the Fed Lost Their Mojo?
A popular question when I was being interviewed by the Indian media was, "Do you think the Quantitative Easing Part 2 will work?" My immediate response is usually, "If the QE program by the Fed is so effective for getting the US economy on track, why did we have to have a second round?"
Forex: Ding Ding…Round 2?!
If one were to look back upon the last year of price activity on the worldwide Forex markets, that person would be hard pressed to deny that it has been eventful to say the least.
The Cycle of "IT," Part III
It is time to revisit a piece I wrote a while back. Don't worry, this is not simply a rehashed article, there is plenty more in "The Cycle of It, Part III."
Overly Aggressive Trades on the Weeklies
Recently, I received an email asking me to comment about the selection of weekly credit spreads. One glance at it made me realize that there was so much more to this than meets the eye.
Divergence at Turning Points
Many of us are already using support/resistance levels to locate possible turning points in the markets. We can identify these by looking at multiple time frame charts.
Getting Closer to the Real Price
Getting access to real-time CME or other Futures price feeds can be costly on the whole, and if you are trading Spot Forex, it would make little sense to pay out for a Futures price feed for the sake of it
The Bull Trap
The Polar Bear and the Seal… The Crocodile and the Wildebeest… The professional trader and the novice trader… What do these three relationships have in common?
Investors Still Haven't Understood Leveraged ETFs
When leveraged and inverse ETFs were first launched, many investors weren't aware of the negative effects that daily rebalancing would have on the long-term performance of those ETFs relative to their benchmarks
