All we can ask for as Traders is to have the best weapons at our disposal in order to tackle the markets. And these weapons become worth their weight in gold if they help identify trades with significant edge while minimizing or fully eliminating the chance for human error to get in the way and […]
Notice anything different the last couple weeks? Unless you’ve been on an African safari during the entire month of October, you’ve probably noticed the dramatic shift in market tone. What has been working for the majority of the year has stopped working. The low-volatility, bullish setups playbook has been rendered ineffective in just a couple […]
The Paradox of Successful Trading™ (a phrase I coined) describes the frustrating truth that there are only a handful of ways that most traders lose, while there is a seemingly infinite amount of ways to succeed… yet so many fail. Why? Don Hensley from Speedtrader posits that the issue is rooted in the fact that […]
Strip the complexity down to its most simple parts. That’s where the real hard work begins. Meet Jason Leavitt, a trader for nearly 20 years who brings a calm demeanor and an athlete’s dogged persistence to bear as he tackles the markets daily, both from his home in Colorado and abroad while traveling with his […]
In options trading, risk management starts with defined risk and ends with position sizing. “Stop Losses” — if used at all — center around price action of the underlying and give zero weight to the value of the option(s) itself. As an options trader, nothing makes me cringe more than hearing about traders “protecting” their […]
I learned another painful lesson recently on the importance of holding my winners and I discuss ways I’m addressing this weak part of my game. I also discuss tools I use to help me source swing trade ideas and manage my existing positions. You can subscribe to the “Trading with Chicagosean Podcast” on iTunes. […]
This spring I joined my good friend JC Parets at All Star Charts to help him provide added value to his trading ideas for his research clients. Together, we launched All Star Options which aims to offer actionable plans utilizing options to take advantage of trade ideas suggested by the All Star Charts team of […]
Yesterday afternoon, I got together with one of my nearby trading friends to catch up, talk about the markets, discuss good foods and wines, and generally just hang. We met at a local townie dive BBQ roadhouse in my small mountain town. When I say “local” and “townie” and “dive” and “small mountain town” — […]
One of the hardest things I’ve had to deal with over my 20 year trading career is accountability and access to capital. Sometimes I’ve had one without the other, but rarely have I enjoyed both at the some time. My guest on this episode of the TRADING WITH @CHICAGOSEAN podcast, Conor Meegan, is a partner […]
It’s no secret I’m an idiot when it comes to the blockchain and cryptocurrencies. Anyone who follows me on twitter knows I’m just a blabbering instigator, taunting cryptocurrency traders for no other reason than sport (they make it too easy). But the fact remains that I’m actually completely clueless about the space. Thankfully, I have […]