Edition 748 - October 12, 2018
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Chart Scan with Commentary: Stock Indices
Hey Joe! Any clue as to which way the stock market will go next?
Looking at the three stock indices above, I cannot tell which way stock prices will move next. However, I can make a pretty good guess as to which one will lead the way if prices move higher. If you look as the Nasdaq (chart on the left) you can see virtually day-by-day how much better NQ has performed since the low made on February 9.
I often look at charts that way, day-by-day, to closely compare the price action, and to detect any hint of which way they may move next. It has been a profitable exercise doing so.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
by Master Trader Joe Ross
Author, Trader, Trading Mentor, and Founder of Trading Educators, Inc.
Developer of Instant Income Guaranteed
Trading Article: Rise to the Occasion
Trading is a challenging profession. Many seek out success, but few make it. The markets don't always cooperate with your plans. You can trade all day, and work hard at it, but you can still end up losing money. Thinking of the big picture helps ease the pressure. You can calmly think, "What's there to worry about? It's just one trade among many. It's just one day. There are many more days to trade." Thinking of the bigger picture is a great thinking strategy that you can use to calm down. It's also useful to realize that you can't control everything. All you can do is persist in the face of uncertainty and hope for the best. You may not win all the time, but you deserve to win, and you should trade as if you are a winner.
All you can do is bravely try to overcome obstacles and trade as if you deserved to win. That isn't to say that you should give up and assume you couldn't win. Indeed, trading to win is far from that. You must work so diligently that regardless of the outcome, you will feel at peace knowing that you did your best.
Ever heard the phrase, "Winning is the only thing"? Winning is important, but ironically, it can't be "the only thing." A more apt saying for success is, "It's not whether you win or lose, but how you play the game." If you trade with resolution and discipline, you'll be more likely to achieve success. You must respect trading and the markets. You can't impose your will onto the markets. The markets will do whatever they want. You must be ready to accept what the markets have to offer you. It's vital to enjoy the process of trading. It's intellectually challenging. You can use your creative abilities to identify trading opportunities, and feel a sense of accomplishment by solving difficult problems. Sometimes you'll win, but many times you will lose. But each trading opportunity has a little something to teach you about yourself, the markets, and trading. It may be just a little thing, like how you can accept taking a loss after a fluke ruined a perfectly good trade.
Enjoy the process of trading. Fight hard; try to overcome every obstacle. But do it because you love it, not because you need to win. If you can step away from the idea that winning is all that matters, you'll be able to control your emotions. When you encounter a setback, you won't experience self-doubt or inadequacy. Instead, you will actively and creatively think about what you can do next. What is the next step you can take to bring you closer to your goals? It's hard to do. In modern society we are driven to win, but ironically, the people who actually win in the long run aren't consumed with winning. They are consumed with the process of trading, honing their skills, and gaining a sense of peace knowing that they have worked to the best of their abilities. They feel satisfied just knowing that they have put in a noble effort.
© by Joe Ross. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
by Philippe Guartier: Administration and
New Developments of Instant Income Guaranteed
Trading Idea: Instant Income Guaranteed
ALB Trade
On 10th September 2018 we gave our Instant Income Guaranteed subscribers the following trade on Albemarle Corporation (ALB). Price insurance could be sold as follows:
- On 11th September 2018, we sold to open ALB Oct 26 2018 85P @ 0.45, with 38 days until expiration and our short strike about 13% below price action.
- On 17th September 2018, we bought to close ALB Oct 26 2018 85P @ 0.10, after 6 days in the trade for quick premium compounding.
Profit: 35$ per option
Margin: 1700$
Return on Margin annualized: 125.25%
Philippe
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© by Joe Ross and Philippe Gautier. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
by Professional Trader Andy Jordan
Educator for Spreads, Options, Swing, Day Trading, and
Editor of Traders Notebook Complete
Trading Article: The Long Run Is Longer Then You Think
Many traders are smart enough to know that they will win in the long run by taking only the best trades, but become impatient due to the lack of anything happening. They forget that the long run can be “long”.
Taking only the best trades can be frustrating. They come along rarely, and even when they do there is no guarantee of winning with them. Long gaps occur in between. We can become angry and irritable, and our emotional balance can be severely tested.
Many traders, especially beginning traders, seem to think that they have to trade all the time if they want to make money. Very often the opposite is true. A good trader is a patient trader, because he knows that "the long run" is longer than we think.
Andy Jordan is the editor for Traders Notebook which shows you Futures Trading Strategies in Spreads, Options, and Swing Trades. Learn step-by-step how to trade successfully.
Click Here for Valuable Information about Traders Notebook
© by Andy Jordan. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
by Professional Trader Marco Mayer
Educator for Forex, Futures and Systematic Trader
Creator of Ambush Trading Method, Ambush Signals, and Head of AlgoStrats.com
Ambush Traders make over $3,400 winning 100% of the time in the E-Mini S&P 500
The Ambush trading method is specialized in catching intraday market tops and bottoms in a variety of Futures markets. Including the E-Mini S&P 500 (ES) traded at the CME, where Ambush Traders are having a really nice time lately. Ambush day trades on an end-of-day basis so there’s no need to even check the markets during the day.
The S&P 500 has been moving sideways along with most other stock indices over the last months. That’s perfect for the Ambush Method that is specialized in catching tops and bottoms in such market conditions. As you can see on the chart that worked out perfectly over the last month. Right at the bottom of the range Ambush bought close to the low of the days and had sell orders ready right at the very top of the range.
Here’s the result of all of the trades shown on the chart, trading one E-Mini S&P 500 (ES) contract, including $10 commissions per trade:
Yes, that’s over $3,400 profits per contract within just six trades, all of which have been day trades without a single loss!
Let’s face it, you don’t want to be on the one caught on the other side of these trades. Also if you’re actively day trading by getting in and out of the market all day long, honestly ask yourself if that’s worth your time? And are you actually doing better than this? I know day traders who place more than 6 trades within a single hour, but they just make their brokers rich and are all stressed out. With Ambush you’re day trading without even having to be there during the day!
Join us and become an Ambush Trader!
The most popular and easiest way to follow Ambush is Ambush Signals. It does all the work for you, allows you to customize what markets you want to see and has a position sizing tool implemented to automatically adjust the positions to your risk preferences. Learn More about Ambush Signals.
If you’d prefer to rather generate the signals on your own and want to know the exact trading rules of Ambush, you want the Ambush eBook.
Happy Trading!
Marco Mayer
© by Marco Mayer. Re-transmission or reproduction of any part of this material is strictly prohibited without the prior written consent of Trading Educators, Inc.
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