Tag Archives: Trade Management

Daily Meeting for Wednesday November 15

Strategic Trading Insights: Navigating Myths, Markets, and Volume Profiles • Discussion on the ‘Jerry trade,’ a pre-market closing strategy to leverage potential overnight market movements. • Techniques for managing trades in ThinkOrSwim, including ‘box trades’ and the use of groupings to organize and control trade entries and exits. • Insights into futures contracts and the [...]
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Daily Meeting for Tuesday November 14

Mastering Volatile Markets: Trade Adjustments and Volume Profile Insights • Market Movement and Strategy Response: Discussion on how the market hit a significant volume node and strategies that were employed the night before, leading to an unexpected move and losses. • Trading Adjustments and Expectations: Conversations about adjusting strategies after initial trades, including the decision-making [...]
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Daily Meeting for Friday November 3

Mastering the Market: A Day of Trading Insights and Strategies • Seasonal Shifts and Measurement Systems: Discussion on the drastic weather changes and the debate between Fahrenheit and Celsius, humorously referred to as “freedom units.” • Market Moves and Economic Reports: Ernie shares observations on market trends post-FOMC announcements and reactions to significant economic reports [...]
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Daily Meeting for Friday October 27

Trading with Zen: Embracing Process Over Prediction in Market Trends • Ernie underscores the benefit of following a directional trend for easier trading success. • He challenges the traditional emphasis on precise market entry timing. • Discussion on the influence of volatility on option pricing relative to the underlying market index. • The importance of [...]
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Daily Meeting for Thursday October 26

Adapting Trades to Market Volatility: Ernie’s Live Strategy Session • Option Price Behavior: Ernie explains the impact of bid-ask spread on option pricing and the significance of premium decay throughout the day. • Live Trade Adjustments: Demonstrates real-time adjustments to a put fly based on current market trends, aiming for an optimal entry price. • [...]
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