The path to Wall Street isn’t what it used to be. Case in point: David Keller. Studying psychology and musical theory at Big 10 powerhouse Ohio State University isn’t exactly top of mind for many who are considering a future in high finance. But in a twist of fate, this checked some important boxes at […]
Meet the Red Dog, Scott Redler (@RedDogT3 on twitter), Chief Strategist at T3 — a proprietary trading firm in New York City. Scott credits childhood stints as a dancer, MC, wrestler, and lacrosse player for providing the building blocks that taught him how to think quickly on his feet. And these skills translated into the […]
Upon meeting Kunal Desai in person, one is immediately struck by his infectious level of energy. And once you take that all in, you realize Kunal is an extremely motivated and driven individual in pursuit of his goals. If a little bit of that does not rub off on you, you might need to check […]
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 […]