Hey 5-Star Trader, As a conservative trader, it is always my goal to focus on creating a constant stream of income for myself. I do this through the selection of trend-following and directional plays. Trading short-term, directional options strategies are aggressive in nature, so I do my best to put a conservative spin to my … Read more
Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in … Read more
Hey 5-Star Trader, Adjusting to market conditions is a crucial part of every trader’s journey. While there are no “shortcuts” to make trading easier, there are certain steps you can take to leave yourself in a better position. One of those things is having a toolbelt you can trust. And because I am a self-taught … Read more
Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in … Read more
Hey 5-Star Trader, Every week is a new and unique experience in the market. This is because market behavior can shift on a dime and tickers can fluctuate greatly from day to day. That is why I find it important to sit down and write my watchlist so I can keep track of my prospects. … Read more
Hey 5-Star Trader, Elon Musk recently made big news in furthering his lead of being the wealthiest person on the planet. Though Musk is involved in a variety of different projects, certainly Tesla (TSLA) has been a huge attributing factor to his success. Tesla has been a huge part of my life as well. After … Read more
Hey 5-Star Trader, Every savvy trader wants to buy a contract at a discount whenever possible. While the pandemic certainly forced many tickers to be on clearance, I don’t think all these opportunities were made equal. The travel sector came to a complete halt at the peak of Covid-19, which included the cruise liner industry. … Read more
Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in … Read more
Hey 5-Star Trader, September left us with a lot of baggage and the first half of October was spent trying to claw our way out of the “pinball zone.” What is the “pinball zone?” I like to use the term “pinball zone” when a market is stuck in chop. This behavior occurs when a trend … Read more
Hey 5-Star Trader, “Tuesday Trade” Journal: One of the most important concepts in trading is to review your work, and learn from the good and the bad. Identifying what is working is critical — to do more of it. So, to lead by example, each Tuesday, you’ll get a trade from my trading journal, in … Read more