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