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."
Stop guessing what the markets going to do.Want a clear direction of where the market is going? Subscribe to Clueless8.com.I can't emphasize how valuable this service is.RT Live chatroom,trades,charts,videos.You'll elevate your trading with Clueless8
Option trading headlines, breaking news, rumors and strategy. Nothing we post constitutes investment advice; we may have positions in mentioned names. Follow us on Twitter @Openoutcrier for real-time tweets and commentary
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
Double Tops & Bottoms a specialty trading like a Dolphin off the wakes of the ships at sea , BASSAR (buy at support/sell at resistance) the overbought & the oversold are always out there . Double tops & Double bottoms a specialty !
ALGO Advanced Warning Trading System Just Price Action, Trend Lines & Channels - How to read my charts- http://marketswingplayer.com/Charts.aspx - Twitter: https://twitter.com/MarketSwingPlay --- Trade at your own risk.