The Chart “Cheat” That Reveals Direction

If I tell you that I love to trade options on one particular stock, which one do you think it is?

Odds are you are picturing a stock that continually trades higher, a stock that makes higher highs and higher lows, a stock that regularly beats analyst expectations and gets a big boost when it reports stellar earnings, a stock that’s been rising more or less with the markets for the past six years.

And you’d be right… but only partly right.

Frankly, I don’t care WHICH direction a stock is headed.

I just need it to move…

And this “simple” indicator tells me everything I need in one simple line.

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Why I’m Taking Profits Before 2 p.m. (and You Should Too)

Yesterday, I told you that controlling your risk and managing your losing trades was an important part of trading – keeping your costs down is just as crucial to your success as harvesting profits.

Today, I want to talk to you about managing your winners.

Especially ahead of today’s 2 p.m. Fed announcement that could rock markets – big.

You may not think that your winning trades require a lot of hands-on attention. And they often don’t – when everything’s working the way it should, your winners are the easiest trades in your portfolio. You enter the trade, everything goes according to your trade plan, you get out at your profit target, and ring the register.

But sometimes the markets have other ideas…

Regardless of what your goals are – be it a 100% return, a $500 cash payout, or some other profit target – there will be times when you have to take the trade off earlier than you planned.

As many of you know, I always look for trades that will double my money. But this week, I have decided to close out some trades earlier than wait around for that 100% return.

Here’s why…

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