Last week, I wrote to you about FAANG earnings, and I noted the volatility that this week in earnings season can cause. Now, at the end of the day, I always think it’s better to be overly cautious rather than overextended. The consequences of the latter are much worse. However, in this instance, I feel … Read more
Last week when we last spoke, I focused on the importance of acknowledging earnings season, and the volatility it tends to cause. I crossed my fingers and hoped for a market pullback on Monday and Tuesday this week, however, Mr. Market doesn’t always give me what I want… And the market continued stair-stepping higher. The … Read more
They say in trading you shouldn’t be emotional — and they’re right. However, there’s something about when you get a good zinger that makes it hard to forget. There’s such a balance between: ‘don’t be emotional’ and ‘learn from your mistakes.’ Why am I talking about this today? Well, next week is FAANG earnings. Last … Read more
The First in FAANG — Netflix Earnings Netflix reports earnings today after the bell, and the announcement today will be critical for a variety of reasons. Let me take the time to explain why (p.s. read this before market close, if you can)… First of all, it’s the first to report in the FAANG group: … Read more
Here’s what’s been happening, here’s what I’ve been looking at, and here’s how you can trade it… When we last spoke, the S&P’s were stuck below the key level of resistance at 2900. Well, we got the catalyst we were looking for… bank earnings. So why am I highlighting this, and why should you care? … Read more
We’re currently stuck in what we like to call, “Hurry Up and Wait” mode. This is a phrase that John has coined, but it’s stuck with me and this is the exact moment to use it. Why? The S&P has been stuck between 2885-2900 for the past several days. Generally, a key psychological value like … Read more
We’re all chasing the same thing — financial freedom, and the ability to make money wherever you are with cash and an internet connection. This is what drove me to Simpler Trading to begin with. And, it’s (more than likely) what’s driving you now. It’s the pot of gold at the end of the rainbow… … Read more
My step-by-step guide. Yesterday I took the time to give some examples of recent butterfly trades, but I wanted to highlight Boeing more than what I got to discuss yesterday. So let’s take a minute to dive into Boeing. As we all know, Boeing has been in the news on a daily basis due to … Read more
Thank you to everyone who responded to my request in the last issue. If you remember, I asked which strategies you’d like to learn more about. Overwhelmingly, the response I got was butterflies. So for this issue, let’s go back and revisit one of my previous calls, to look at some trading examples. That way … Read more
While I’ve been on vacation, the market has been rather sluggish — trading between 2800-2825 in the S&Ps (for the most part). While I prefer an explosive, directional market (who doesn’t!?), I also appreciate premium selling strategies, and more conservative, directional takes like butterflies and unbalanced butterflies. You have to think of the market like … Read more