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The Trader’s Journey

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Similar to the widely-accepted concept of “the hero’s journey“, which seems to resonate with audiences everywhere and in all ages of history, I have determined that traders tend to go through some common phases of development from first learning what trading is to becoming a profitable and constantly-adapting trader. How far along this journey the trader goes depends on the...

When you trade, YOU are in the driver’s seat (even if you are following someone else’s trades)

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While learning new trades, many beginning traders turn to trade recommendation services. I believe there is nothing wrong with this, assuming 1) the trade idea being taught is profitable and 2) the student is actually learning how to find, execute and manage the trade so he can do it on his own in the future. But trading can be an extremely emotional challenge for the beginner. So much so, that...

What you are really doing when you roll out your short, naked options

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So,  you just watched free training from your options broker and you’re so excited that you just found the Golden Goose.  Wow, high-probability wins!  What could be better? You like the way your broker/trainer keeps saying “three standard deviation move”.  It just sounds so smart and he seems so confident about it all. Ugh. So… You just risked too much money in another...

Current trading performance: 2017 YTD

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I have two main trading accounts: a retirement account and a non-retirement account. This year my non-retirement account shows profits of 160% from the beginning of the year and the retirement account shows 200% in profits from the beginning of the year. These are from options profits alone and do NOT count any new deposits I have made to these accounts. And, importantly, I have done this by only...

The S&P 500, Federal Reserve stimulus programs and U.S. Presidential cycles since 2000

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  No one knows where the market is going.  But we can all see where it’s been.  I’m not saying there is necessarily a causal relationship between U.S. stock prices and the following all occurring at the same time: The departure of a two-term U.S. President A shift in the White House from one party to the other Various and unprecedented economic stimulus actions, carried out or...

Welcome, and a few words

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Starting a series of articles about my path in trading is like trying to create a journal, retroactively, about “my life up until today” or “music” or “how to have meaningful relationships with others”.  It is a very broad topic.  However, like most broad topics worth exploring, documenting and sharing, it can be done one paragraph at a time.  This is an...

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