Chuck Hughes joins us this week with a discussion on his option cycle strategy.
Then, Oliver Velez touches on the trader's need to be right.
Next, the TradeWins Publishing Editors continue their discussion from
last week on the free trade.
Last, Glenn Neely uses the Elliott Wave to analyze his stock market
expectations for the next 60-70 years.
Enjoy!
Adrienne LaVigne
TradeWins Publishing
Option Cycle Spread Strategy
In this clip, Chuck Hughes
introduces his options cycle spread strategy presented in his "Market
Volatility Profit Secrets" book. Chuck explains this strategy in detail,
clarifying when this tactic works best. Hughes also uses several real world
examples demonstrating the profit potential.
Watch
video
Click the above image to view the video
The
following is an excerpt from Oliver Velez's Trade
for Life
If you are in the early stages of learning to trade, you
will become a compilation of all those you learned from. You will become your own unique brand of
trader. We all come to the table with
certain expectations and beliefs and with some emotional baggage. We all learn from reading, studying websites,
and other traders, some informally, some by paying for education in the form of
trading rooms, seminars, and mentors.
Every time you learn something, it adds to your experience as a
trader. Eventually you become the sum of
all you have learned. Even if you have a
mentor you have tried to emulate, you will never be like your mentor. You will be unique.
While no two traders are identical, most successful
traders do share some common characteristics.
Most have learned the value of a trading plan. Most have learned the need for stops. Most have learned about discipline. However, it takes a long time to understand
the subject of this lesson; the need to be right.
The trader's need to be right
by TradeWins Publishing Editors
Option purchases and
Vertical Debit Spreads - The strategies, and converting to "Free Trades".
In this
article, we'll discuss the option purchase and vertical debit spread
strategies, and ways to convert those positions to "Free Trades" under
favorable market conditions.
Option purchases
For many
traders, the first introduction to the world of options is the simple concept
of buying a call or put. Depending on the market opinion, traders will buy a
call to benefit from a rise in the underlying market, or buy a put to benefit
from a decline (not considering effects of time decay or changes in implied
volatility). If your conviction about market direction is strong, you might be
purchasing in-the-money options, which will have a high "delta", and
gain a high percentage of what the underlying futures would gain. To take a
lighter position, out-of-the-money options might be used which will have a
lower delta, and less risk if the market doesn't go your way. And in the right
situation when you think a good move could be forthcoming, but you're uncertain
about direction, and implied volatility is cheap, you can buy both puts and
calls by purchasing long straddles (same strike options) or strangles
(different strikes).
Converting positions to free trades
Elliott Wave for the Stock Market
In this clip from
"NEo Wave: Taking Elliott Wave into the 21st Century", Glenn
discusses what the Elliott Wave predicts for the stock market for the next
60-70 years. Neely analyzes what type of growth can be expected, and provides
the analysis to support his conclusion.
Watch Video
Click the above image to view the video
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Chuck
Hughes,
who started his trading in 1984, was a full-time commercial airline pilot.
However, according to Hughes, his job as pilot was quite frustrating sometimes.
This is the reason that he wanted to start his own trading. His working
schedule of 15 to 17 days off each month used to create a void and trading was
the perfect solution for this. Hughes got quick success in trading as he
finished 10th in the '85 United States Trading Championship and 3rd in '86
competition with a huge 260% return.
Chuck Hughes also accrued titles in the systems trading in another
international trading championship in futures in '94 and '95, the day trading
division of '95, and the professional division in '99. In 2003, Chuck Hughes was placed third in the in the same
competition for Stock Trading. Then in 2005, 2007 and 2009 he took first once
again in the stock trading division.
Chuck Hughes Market Volatility Profits (MVP) Secrets
MY TOP
SECRET TRADING TOOL: MVP!
In all my
years of trading, I have never seen a method as trader-friendly as MVP™. In
fact, I've rarely seen this strategy lose without huge simultaneous gains! When
used correctly, The MVP Secrets allow you to do these three things:
-
Define
the amount of risk on any trade before you enter
-
Reduce or even eliminate the stress normally associated
-
Construct trades with profit potential that is virtually unlimited
Keep in
mind, MVP trades don't just surface once in a blue moon. They occur several
times per week, in all different markets. Locking in big profits has never been
easier!
Learn more about Chuck Hughes
MVP
Andy Chambers
Chuck
Hughes
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 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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