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Lawrence McMillan heads up our issue of Inside Trading this week. In
his article, Lawrence
provides eight rules for successful options trading.
Next, Lee gives us another
great video newsletter on what he expects from the S&P and bond markets for
the coming week.
Then, Murray Ruggiero discusses how to develop a trading system.
Last, Norman Hallett presents a video on being careful to not get sucked into media hype.
Enjoy!
Adrienne LaVigne
TradeWins Publishing
Rules for Success in Option Trading
Rule 1:
Trade In Accordance With Your Comfort
Level And Psychological Identity
If you
are not comfortable selling naked options, don't worry - even if though such
strategies are nicely profitable for some traders, they should not be used if
they cause you sleepless nights. If
hedged positions drive you crazy because you know you'll have a losing side as
well as a winning side, perhaps you should trade options more as a speculator,
forming opinions and acting accordingly.
The
important thing to realize is that it is much easier to make money if you are
"in tune" with your strategies, whatever they might be. No one strategy is right for all traders, due
to their individual risk and reward characteristics and accompanying
psychological demands.
Rules for successful options trading
Lee Gettess' Market Sense
Lee Gettess is a top trader who is excited to bring you his video newsletter.
Each week, Lee will share his predictions on what he anticipates from the bond
and S&P markets.
Click the above image to view the video
Developing a Trading System
This
is an excerpt from Murray Ruggiero's Cybernetic Trading Strategies
Developing
a trading system can be a very difficult process if you do not understand the
steps involved in building a reliable and profitable system. If you understand the steps and have trading
methods that are sound, it is less difficult to build successful trading
systems.
STEPS FOR DEVELOPING
A TRADING SYSTEM
To
give you an overview of how to build a trading system, the necessary steps are
listed in the following table.
Let's
now discuss each of these steps in more detail
This
week Norman warns us to not follow the media hype! Negative descriptions of
what's going on with the market, words like "crash", can really
influence a trader if they're not disciplined to follow their trading plan. He
tells us what we should be concentrating on instead of all the "hyperbole
thrown at us"...
Watch video
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Lawrence G. McMillan is the
editor of The Option Strategist Newsletter and the author of numerous articles
on options and investment trading. Formerly senior vice president of the Equity
Arbitrage Department at Thomson McKinnon Securities, he currently publishes
newsletters and gives seminars on options, manages money for private clients
and trades his own account.
Lawrence McMillan Presents
Reducing the Risk of Option Trading
Larry McMillan
explains just  how easy it is to trade options. In this fascinating video you
will learn about the games people play with options. Larry also shares with you
a short-term trading system and his philosophy on options. Larry is one of the
best-selling traders and is an expert on options trading.
Bring your options
trading to a new level
Andy Chambers
Chuck
Hughes
Chris Verhaegh
Connors & Hayward
Dale Brethauer
Darrell
Jobman
Dave
Caplan
Ken
W. Chow
Peter
McKenna
Ray
Frazier
Tom
DeMark
Tony
Catalfamo
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PLEASE READ.
Past results are not necessarily indicative of future results. There is a substantial risk of loss trading
commodities, stocks, bonds and options with or without this or any other advertised product, service or
system. Also hypothetical or simulated
performance results have certain inherent limitations. Unlike an actual performance record,
simulated results do not represent actual trading. Since the trades have not actually been
executed, the results may have under-or-over compensated for the impact, if any,
of certain market factors, such as lack of liquidity. Simulated trading programs in general are
also subject to the fact that they are designed with the benefit of
hindsight. No representation is being
made that any account will or is likely to achieve profits or losses similar to
those shown.
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