Every options trader needs to commit to unending education, not only because the market changes constantly, but also because we traders all change and grow as well.
I invite everyone to check out my options books ... these are written to provide useful education and strategic information on a range of strategies.
Many candlestick formations have graphic and descriptive names. This helps to keep the dozens of candlestick indicators clear in your mind. Among these are several two-session patterns including the meeting lines and piercing lines. These serve as great confirmation signals at the end of a trend, signaling potential reversal. For day traders and swing traders, these kinds of subtle for informative signals are quite valuable.
Covered call writers constantly struggle to balance the time element of covered calls with the amount of premium income. Keeping the time exposure short is desirable, but longer-term options have richer premiums because of more time value. But there is a good rule of thumb for picking one short call over another. Most of the time you will do better picking calls expiring within one to two months.
I hope you will all check out my recently published options books. A listing follows ...
For those of you in the United States I hope you enjoyed your Thanksgiving holiday and that you had plenty of time to spend enjoying your loved ones. We spent the week in Phoenix where we enjoyed time with terrific family and friends. I planned on doing my newsletter over the holiday but had too much fun doing little things with my wife and kids. Precious times indeed.
Have you ever tried to get someone to do something he or she didn’t want to do? Did you try explaining all the mutual benefits, good reasons, rationale, win/win outcomes, and still get nowhere? Did it leave you wondering what went wrong?
The answer might lie in motivation.
It happens all the time: the outstanding worker promoted to management, the star performer as leader. Maybe it’s happened to you, or to someone you know. Maybe it happened to your own boss. Sometimes it’s a recipe for disaster.
Ever since Valentine’s day, I’ve been getting asked to comment on workplace dating. Should we do it, or not? What are the risks? Things like that. The combination of romance with work can be a frightening minefield.
When I met Wanda, she wasn’t very happy at work. “I feel bored,” she said. That’s not something you can tell your manager! You might say her relationship with her job was on the rocks, but nobody was talking about it yet. A big problem that, as it turned out, had a remarkably simple solution.
No matter what industry you work in, no matter what function you perform, no matter where in the world you sit, there’s one thing you have to do: interact with people. When the interactions aren’t working, the “work” doesn’t happen. Such problems have a tremendous cost, yet are too often ignored.