I trade various option strategies: mostly long, short and some spreads (credit mostly) and covered calls/cash-secured puts. Be humble and objective. I rarely trade commons unless the options' spreads are too wide. Price is your guide.
Never trust a trader who uses the terms 'oversold' and 'overbought'. They are referring to positions that they are in deep under water. Without question.
"Fear will get you out of trouble. Hope will put you right back in it."
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J.C. Parets is the Founder & President of Eagle Bay Capital, LLC. and the Senior Editor of Allstarcharts.com. He Earned the Chartered Market Technician designation (CMT) and is a member of the Market Technicians Association.
Full time trader. On Wall St. for over twenty years. Founder long/short hedge fund. Currently manages private accounts and with a long/short strategy. To request my performance, e-mail me at firstname.lastname@example.org
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- How to read my charts- http://marketswingplayer.com/Charts.aspx - Twitter: https://twitter.com/MarketSwingPlay --- Trade at your own risk.