Options In Play – The FAANG Indicator
Everybody’s worried that the market is due for a correction but everyone is piling into FAANG. The group is now turning into the critical make-or-break basket of stocks for the market.
Continue Reading -->Prop Trader Market Update: June 23, 2020
This market update is brought to you by our new Pro Trader Boot Camp. In this video, pro trader Derrick Oldensmith shares how he’s been navigating the market chaos: Derrick explains: How he turned a losing short trade into a winner How he uses trade and money management in challenging market conditions The basics of becoming a prop trader After you’re done watching the video, check out the new Pro Trader Boot Camp.
Continue Reading -->Options In Play – Revisiting Losing Trades
The thesis may be right but the time frame may be wrong. That’s one of the risks associated with options because of their fixed expiration dates and it creates plenty of scenarios where I need to revisit already-losing trades.
Continue Reading -->Is the Market Bullish or Bearish?
The direction of the market ETFs sets the tone for all other plays. A few weeks ago, Sami thought the market had hit a top, but this week could see more bearish movement. In this video, Sami explains: – What the most likely situation is for QQQ – Where SPY, IWM and DIA have to go to be bullish – How many plays he’s taken in oil this year – Why you need to be careful with short plays – Where to find a sell setup in GLOP
Continue Reading -->Options In Play – Earnings On The Radar Week Of 6/26/20
It’s the last full week of June and earnings are few and far between. NKE will be a big report for Retail later in the week.
Continue Reading -->Options In Play – Is Option Pinning Relevant?
I get asked often how I handle option pinning and how I trade it. The answer is not a clean cut idea.
Continue Reading -->Options In Play – BABA Bullish Breakout
I love when volatile stocks go into consolidations and then set up long time frame breakouts/downs. It creates a great opportunity for options on several fronts.
Continue Reading -->Options In Play – Short Term Trading With Out Of The Money Options
Out of the money options do not need to be viewed as “lotto” tickets. You can trade these contracts like other options but there nuances you need to be mindful of.
Continue Reading -->Prop Trader Market Update: June 16, 2020
This market update is brought to you by our new Pro Trader Boot Camp. In this video, pro trader Derrick Oldensmith shares how he’s been navigating the market chaos: Derrick explains: Why he prefers a volatile or directional market How he spots short covering rallies How he uses “fund positioning” to spot big market and stock moves The benefits of prop trading Why traders should consider joining T3 Trading Group as prop traders
Continue Reading -->How to Short the Market
Last week was an interesting week for the market. Sami ended up shorting QQQ even though it was the strongest ETF. Find out what he is looking forward to this week and how you can trade. In this video, Sami explains: – How to decide when to short a stock – Why he didn’t short the other indices – How last week’s runup was bullish – Where he sets a target when he goes against the trend – What oil could be preparing for this week
Continue Reading -->