Wednesday, September 14, 2016 EST

"The Psychology of the Stock Market" was written by G.C.Sheldon in 1912 and has some insight thoughts on the market...

"The fact is that the more a trader allows his mind to dwell upon his own position in the market the more likely it is that his judgment will become warped so that his mind is blind to those considerations which do not fall in with his preconceived conceived opinion."

"Most of the practical suggestions which can be offered are necessarily of a somewhat negative character. We can point out the errors to be avoided much more successfully than we can lay out a course of positive action."

"But the following summary may be useful to the active trader:"

(1) Your main purpose must be to keep the mind clear and well balanced. Fence, do not act hastily on apparently sensational information; do not trade so heavily as to become anxious; and do not permit yourself to be influenced by your position in the market.

(2) Act on your own judgment, or else act absolutely solutely and entirely on the judgment of another, regardless of your own opinion. "Too many cooks spoil the broth."

(3) When in doubt, keep out of the market. Delays cost less than losses.

(4) Endeavor to catch the trend of sentiment. Even if this should be temporarily against fundamental damental conditions, it is nevertheless unprofitable able to oppose it.

(5) The greatest fault of ninety-nine out of one hundred active traders is being bullish at high prices and bearish"

 

Friday, August 19, 2016 EST

We updated the Option Screener Settings when searching for options to exclude earnings dates.

There are now 3 options.

  • Any: Ignore earnings date and search all options
  • Exclude: Exclude any earnings date that fall in between the from and to expiration date selected in the screener.
  • Include: Searching for options that have an earnings date between the from and to expiration date in the screener. 

Notice the updated help information that states "Many option traders avoid selling options around earnings date to avoid additional risk." It is important to note that selling options around earnings date can increase your risk.

Wednesday, August 17, 2016 EST

Ever wanted to test a new strategy before putting it into action? With virtual options trading, you can and best of all, this virtual options tool is completely free to use! You'll even get to experiment with complex orders and advanced strategies like one-cancels-other (OCO), and much more.

The CBOE has a Free Option Paper Trading Account. 

 

 

 
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