Trading is simple, take in more than you give out. There, my work here is done. Ok I guess not. When trading is going bad it is because I am taking in less than I am giving out. The title of this post is a more dramatic way to say that. Something that my mentor…
Tag Archive: contracts
The hidden losses.
Hidden losses occur when you do not get out on the best tick. It is impossible to always get out on the best tick and even harder if you are not trading multiple contracts. Not saying everyone should trade multiple contracts, it could also be that your trading plan does not allow it. But I…
Some more on entry timing.
Updated. I got this question today. How do you personally get around from being “too early” or “too late” on an entry? There are a few things that have helped me get over missing a trade or “being right” and not making money. Opportunity vs profit. I thought the market owed me profits. Now, I see…
Giving back profits and taking too much risk.
There is no profit too small you shouldn’t take it. If the market isn’t giving you anything it is ok to peel it off. Start again. The best traders get in and out on the best ticks. This is much easier to do trading multiple contracts because entry and exit risk is not as…
The basics of quad and triple witching.
“Witching” occurs when contracts expire. The contracts that expire include: futures, single stock futures, stock index options, and single stock futures. Witching occurs on the 3rd Friday (non holiday) of March, June, September, and December. These times of year bring in extra participants and can alter the dynamics of the market (I can only speak from…
