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May 15, 2013

 


Inside Trading brings you Jon Najarian, who discusses the importance trading discipline.


Next, Lee Gettess provides us with his S&P and bond market predictions for the coming week.


Joe Duffy authors the following article on his GRAPES exit strategy.


Last, Norman Hallett covers the power of focus.


Enjoy!

Adrienne LaVigne
TradeWins Publishing


 
 
 
 
Trading Options: The Importance of Discipline

By Jon Najarian

The following is an excerpt from Jon Najarian's How I Trade Options

I believe discipline is the number one factor any trader - be it a professional or a retail investor - must have. It may be fairly easy to get into a trade, particularly if you're a buyer and the market moves in your direction. But getting out with a profit once your target is hit can require a lot of discipline. And if it turns out that you left some money on the table, you can't fault yourself. Constantly ask yourself those crucial questions that all disciplined traders must pose: "Would I buy this option here? If not, then why would I hold it at this price?"

Using discipline

 
 
 
Lee Gettess' Market Sense

by Lee Gettess


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.

Watch video

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Click the above image to view the video
 
 
 
G.R.A.P.E.S
Generic Real Time Any Position Exit Strategy

by Joe Duffy


This is an excerpt from Joe Duffy's Ultimate Trading Robot


GRAPES is the acronym for Generic Realtime Any Position Exit Strategy. This is a simple framework for an exit strategy that is a combination of many things we have learned over the years testing many different systems and models. It includes profit objective, stop loss, and move the stop functionality. It is completely mechanical and has no user subjectivity. We will examine each part separately along with an explanation of why and how we use it. GRAPES is applicable to any strategy on any time frame.


Using G.R.A.P.E.S.

 
 
 
 
The Importance of Focus - Part 2

by Norman Hallett


This week, Norman uses a sports analogy to help explain the power of focus and how it can effect our "game." The trader needs to follow his or her trading plan... focus on getting into a trade as planned and then shifting focus to the exit strategy. It sounds simple, but, for many traders, it's not. Norman explains why in 
this week's 4-Minute Drill.


Watch video

 
 
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George Angell

Jon Najarian

 

After a very brief stint with the Chicago Bears in 1981, Jon Najarian came to the trading pits of Chicago to make his fortune. After 23 years, he's still here, in an industry where the average career is measured in months, not years! Doctor J's success in the pit led him to found Mercury Trading in 1989, a proprietary trading firm that makes markets in more than 100 high-tech and biotech stocks and single stock futures at the CBOE, trading between 25,000 - 40,000 options and up to 3 million shares of stock per day!


Since 1994, Doctor J has been a business correspondent for FOX television and appears three times daily on FOX TV's "FOX News in the Morning". Doctor J is also the host of the CBS radio show, "Taking Care of Business with Doctor J", which is carried in Chicago and reaches 38 states. His market observations are broadcast to 180 markets daily on www.firstbusiness.us, a business news magazine that airs on CBS, NBC, FOX and ABC affiliates across the country.

 
 

Super Trader And Top Market Maker Jon Najarian Finally Reveals . . .


"How I Trade Options"


This is an amazing course, How
I Trade Optionsfilled with proven in-the-market techniques for success in options. You will learn the "single most critical concept to determine your success or failure in the markets" and you'll discover:

  • A Great Way to Play the Extremes ­ Euphoria or White Knuckle Panic! (Pg. 111)
  • A Perfect Protection Strategy used by the pros, yet never even heard of by nearly 99% of traders (Pg. 150)
  • A Specific Strategy to Play Earnings Announcements with much LESS RISK (Pg. 39)
  • Powerful Plays to Increase Profits with LESS RISK in a BEAR Market (Pg. 89)

Learn more valuable options secrets


 
 
Our Author Team

Adam Oliensis
Andy Chambers
Art Palmer
Brian Schad
Chuck Hughes
Chris Verhaegh
Connors & Hayward
Dale Brethauer
Dan Keen
Darrell Jobman
Dave Caplan
Don Fishback
Don Wellenreiter
Duane Davis
Ellie Taft
Gary Wagner
George Angell
J. Welles Wilder
Jack Schwager
Jea Yu
Jeff Horovitz
Joe Duffy
Jon Najarian
John Weston
Kathy Lien
Keith Cotterill
Ken W. Chow
Larry Williams
Lawrence McMillan
Lee Gettess
Market Publications
Mohan
Murray Ruggiero
Oliver Velez
Peter McKenna
Ray Frazier
Russell Sands
Sherman & Tom McCllelan
Tom DeMark
Tony Catalfamo
Wendy Kirkland

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.