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Michael Thomsett

Webinar: Managing Risks in Trading Options

By Michael C. ThomsettNov 2, 2011

Can you manage risks while trading options?

Michael Thomsett

Candlesticks - Harami and Harami Cross

By Michael C. ThomsettOct 27, 2011

“Harami” means “pregnant” in Japanese, an accurate description of the appearance of this two-session candlestick signal. This pattern is the opposite of the engulfing pattern, in which a small session is surpassed, or engulfed, by the one that follows. In the harami, a long session is followed by a much smaller session of opposite color. This is the pregnant part, the protrusion that signals a reversal.

Michael Thomsett

Candlestick Charting - the engulfing pattern

By Michael C. ThomsettOct 20, 2011

A highly reliable two-session candlestick indicator is called the engulfing pattern -- the second session is longer on both sides, “engulfing” its opposite-colored predecessor. Two attributes are needed to make it a true engulfing pattern. First, the real body of the second session is extended higher and lower than the previous day and has the opposite color. Second, both upper and lower shadows should also be longer both above and below the previous day.

Michael Thomsett

Candlestick Charting - Single-Stick Reversal Signs

By Michael C. ThomsettOct 13, 2011

Three candlestick signals consist of single sessions, but unlike most candlesticks, the color of the real body does not matter. What does matter is where these indicators are found within the current trend. So the three -- the spinning top, hanging man, and hammer --- are valuable reversal flags, expansions on what day traders and swing traders like to call “narrow range days.”

Michael Thomsett

Candlestick Charting - single-stick reversal signs

By Michael C. ThomsettOct 13, 2011

Three candlestick signals consist of single sessions, but unlike most candlesticks, the color of the real body does not matter. What does matter is where these indicators are found within the current trend. So the three -- the spinning top, hanging man, and hammer --- are valuable reversal flags, expansions on what day traders and swing traders like to call “narrow range days.”

Michael Thomsett

Candlestick Charting - the doji candlestick

By Michael C. ThomsettOct 6, 2011

The Japanese word doji means mistake. Can a mistake point to a strong charting signal? The doji candlestick occurs often and is a very valuable signal. Even though it contains only a single session, it is a meaningful red flag.

Alan Lurie

The True Nature and Power of Repentance and Forgiveness

By Alan LurieOct 3, 2011

Over the last few weeks I have received several mass e-mails with similar messages:

“In the spirit of the month of Elul – when we ask for forgiveness and prepare for repentance during the coming Holy Days - if I have in any way harmed or offended you, please forgive me.”

Michael Thomsett

Candlestick Charting - the Marubozu indicator

By Michael C. ThomsettSep 29, 2011

Candlesticks are very revealing, especially as confirmation signals or as early warning of a coming reversal. Among the most revealing is the Marubozu, with means “bald.” It is so called because the stick has little or no upper or lower shadows.

Michael Thomsett

Options Trading -- Eight Types of Option Spreads

By Michael C. ThomsettSep 22, 2011

The spread describes trades with two or more options having different strike prices.  There are eight types of spreads and, among these, several additional variations.

Michael Thomsett

Options Trading -- Four Way to Decide Whether You Are an Investor or a Trader

By Michael C. ThomsettSep 15, 2011

Are you an investor or a trader? This is a question some of us don’t ask ourselves, but the answers define how and when you get in or out of positions. The dilemma for many would-be investors is that end up trading when they intend to invest for the long term. Using options to manage your portfolio solves some of these problems.

Michael Thomsett

Options Trading -- Don't Forget about the Value of Puts

By Michael C. ThomsettSep 8, 2011

The put option is easily overlooked as a strategic advantage. Because markets move in both directions, the optimistic American trader can easily forget that markets go down at times, and not always up. This is where the put is easily overlooked or taken for granted.

Michael Thomsett

Options Trading -- Four Important Points about Terminology

By Michael C. ThomsettSep 1, 2011

Jargon. It is the chronic problem with options trading. The minute you try to explain how it all works to someone new, it turns them off. It demands a methodical, gradual, careful teaching method and willing newcomers. Otherwise, the special terminology will always be a stumbling block.

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