I've made it no secret that I harbor ill-will towards the hyper-promotion of sport gambling. As a father of an 11 year-old sports fan, I find it distasteful that he can't watch any sporting events without getting pounded over the head to get involved...
This trade is still open, and it may very well end up a loser. In fact, the odds say it probably will. More than 70% of my long call trades lose money. That’s just math.
Today's trade is in a stock that had a beautiful breakout BEFORE the Powell news that ripped the broader markets higher.And it's in a company that many of use just about every day to spend money on our daily expenses. Maybe we should get rewarded for...
Today's trade is in the metals space in a stock that is breaking out of a multi-year base.It has the potential to go on a monster, long-term run. But I'm going to play for the initial thrust which offers us the possibility of 7x-ing our money (or more...
We’re in that stretch of the year when seasonality makes holding long positions an act of extreme patience. The last couple weeks of summer often bring thinner volumes, and with fewer participants, it can feel like watching paint...
It's a bull market, but even here we can find stocks that aren't acting right and are completing tops.And I like the idea of having some bearish portfolio diversification, so today's trade is a bearish bet in a stock that looks sick to...
I’m in the very early stages of putting together something I’ve wanted for years: a tight-knit group of traders. Not the kind of group that swaps trade ideas, debates setups, or obsesses over the latest...
Today's trade is in a name that had a monster gap recently, has consolidated over the past week, and might be offering a gift of an entry today thanks to a 3% pullback.
This might be our last best chance to punch a ticket on this...
I've gotten a lot of feedback from yesterday's note. Turns out, there's a lot of Steve Poltz fans amongst you. I had no idea! If you missed yesterday's note, you can read it ...
In trading, we prize rational, mechanical thinking. We try to minimize emotion wherever possible — following systems and rules with robotic discipline to reduce errors and maximize returns.
Today's trade is in a consumer staple that has made fresh 52-week highs recently, is on the cusp of a breakout from a multi-year base, and has dirt cheap implied volatility in the options.
I source ideas from my usual places. I scan for my favorite setups. I assess where implied volatility sits to inform what type of options strategy might have an edge. I figure out how much...