• All Trading Articles
• Why Options Trading
• Reading the Bid Ask Spread
• Risky Covered Calls

Trading Articles

Why Options Trading 12/30/2007 9:48:32 AM ' 1. The number one reason people loss money trading is due to poor or lack of risk management. Proper option strategies have risk management built into them from the time of initiating or opening the trade. Thi' Read More
Reading the Bid Ask Spread 11/25/2007 9:48:32 AM ' Have you ever placed an order where you received an immediate fill and then thought you may have been able to get a better price? Maybe you could have bid ten cents less and still received a fill. How about sending an' Read More
Risky Covered Call 10/19/2007 9:48:32 AM ' I have recently had the pleasure of talking with several people who are trading their own accounts. One of the first things I like to ask them is: “What type of trading strategies are you currently trading?” A large majority resp' Read More

A day at PitSavvy

Daily routines are check positions and account statements by 7:30 a.m. If there is a news event, have this task completed by 7:00 a.m. Have trading platforms up and running by 7:00 a.m. Look over any breaking news and the trading plan that was written last night. Respond to all trading markets during the first hour of the day for each market.

Hopefully, by 10:30 CST our trading strategies are in place and we await any alarms from our computers that require our attention. During this time and until the markets close I enjoy educating and mentoring students. I use to stand in a pit with over 200 people every day, and now that I’m staring at the screen, I’m missing the camaraderie and interaction the pit once provided. After the market has closed, settle out all positions and prepare daily settlements for tomorrow morning. Finish the day by studying the markets movements and preparing a trading plan for tomorrow.