{"title":"Volume 27 (2009)","description":"\u003cp\u003eBrowse Volume 27 articles by issue:\u003c\/p\u003e\u003cdiv style=\"display:flex;flex-wrap:wrap;gap:12px;\"\u003e\n\u003ca href=\"\/collections\/volume272009\/issue-01?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 1 January\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-02?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 2 February\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-03?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 3 March\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-13?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eBonus Issue\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-04?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 4 April\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-05?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 5 May\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-06?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 6 June\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-07?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 7 July\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-08?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 8 August\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-09?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 9 September\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-10?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 10 October\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-11?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 11 November\u003c\/a\u003e\u003ca href=\"\/collections\/volume272009\/issue-12?sort_by=title-ascending#ProductGridContainer\" style=\"margin-right:16px;\"\u003eChapter 12 December\u003c\/a\u003e\n\u003c\/div\u003e","products":[{"product_id":"stcov276prre5","title":"Stocks \u0026 Commodities V. 27:9 (62-65): Product Review: Track N Trade Live Futures by Dennis D. Peterson","description":"Product Review: Track N Trade Live Futures by Dennis D. Peterson\u003cbr\u003e\u003cbr\u003eTrack N Trade (Tnt) software packages are available for daytrading commodities, stock, or forex markets. This review covers Track N Trade Live Futures. The design of this software emphasizes visual investing. Using well-thought-out graphics for orders and analytics, you can accomplish a number of tasks with just a few mouse-clicks. Even the number of mouse-clicks can be reduced. This software is built for the experienced trader who uses visual setups and wants speed in order execution. Also available is an end-of-day commodities package if you want to backtest trading strategies using continuous contracts.\u003cbr\u003e\u003cbr\u003eSETUP\u003cbr\u003e\u003cbr\u003eAfter paying, youll receive a package in the mail containing a users manual, a Dvd with video instructions, and a software installation disk. You can, however, download software off the Internet for a two-week demo. The user manual is 297 pages, the first 50 pages or so of which are devoted to introduction to futures, forex, and stock markets. The rest is about the product, and in keeping with the visual investing emphasis, graphics are used extensively in the explanations. In addition, there is excellent tech support.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133904974193,"sku":"\\V27\\C09\\177PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a9425dcc-b68a-4e0e-a31b-23daf13d82fa.jpg?v=1739656301"},{"product_id":"stcov271hesh","title":"Stocks \u0026 Commodities V. 27:10 (18-20): Head \u0026 Shoulders Failure by Kenny Gilliland","description":"Head \u0026amp; Shoulders Failure by Kenny Gilliland\u003cbr\u003e\u003cbr\u003eHow can you effectively trade one of the most recognizable chart patterns?\u003cbr\u003e\u003cbr\u003eImagine this scenario: You are reviewing the charts of stocks that recently declined when a pattern jumps out at you from the screen a head \u0026amp; shoulders formation. You place a stop market order to sell the stock short once the neckline is pierced. The order is ultimately filled and you wait for the stock to head south. At first, it declines slightly and then begins to move sideways for a week before heading up and back through the neckline. Luckily, you placed a stop order to cover your position a few percentage points above your initial entry. You vow never to trade that stock again.\u003cbr\u003e\u003cbr\u003eA few months later, out of curiosity, you pull up the stocks chart. You are shocked to see that it has lost over 40% of its value, the way you thought it would, since you placed your sell short order. You think to yourself, What did I do wrong?\u003cbr\u003e\u003cbr\u003eYou can be right and still lose money, an old saying goes. Every indicator might be screaming that a stock is setting up for a terrible decline, but if you do not time the trade correctly, you can easily be whipsawed out, only to watch the stock continue to decline. Timing is especially important when selling short. Equities seldom, if ever, decline in an orderly and uniform fashion. Price movements can be fierce, violent, and scary for traders.\u003cbr\u003e\u003cbr\u003eThe head \u0026amp; shoulders pattern is one of the most recognized of all chart patterns. It does not take a seasoned trading eye to spot one forming on a chart. Moreover, trading books, publications, and websites routinely tout the reliability and ease of trading the head \u0026amp; shoulders pattern. Anyone who has sold short can tell you that picking a spot on the chart right below a pattern confirmation and filling an order does not guarantee a successful trade. While having the correct chart pattern is indeed significant, looking at other factors can assist you in whittling down your pool of short candidates to those with the highest likelihood of a significant decline.\u003cbr\u003e\u003cbr\u003e","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910643057,"sku":"\\V27\\C10\\186GILLI.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2174b1e2-c1f2-403e-809d-b25cbee4fa5f.jpg?v=1739656637"},{"product_id":"stcov275fufo1","title":"Stocks \u0026 Commodities V. 27:6 (53): Futures For You by Carley Garner","description":"Futures For You by Carley Garner\u003cbr\u003e\u003cbr\u003eCALCULATING\u003cbr\u003e\u003cbr\u003eWith Treasury futures at or near an all-time high, I would like to begin trading options on bond and note futures but I am having difficulty calculating profit, loss, and risk.\u003cbr\u003e\u003cbr\u003eFiguring in Treasury options often causes confusion for two primary reasons. First, both options and futures in Treasuries are traded in fractions. Second, unlike other commodities and financial futures, bond and note options differ in the manner in which they are quoted from their futures contract counterparts. Before you can understand how to calculate Treasury options, you must be comfortable with calculating in the corresponding futures contracts. Keep in mind that if you are capable of computing in Treasury bonds, you will be proficient in T-notes.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910675825,"sku":"\\V27\\C06\\110GARN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_8489dbf5-ebf9-4fee-b288-18cc24864769.jpg?v=1739656639"},{"product_id":"stcov276prre2","title":"Stocks \u0026 Commodities V. 27:4 (66): Product Review: Charlie's Cat by Sean Moore","description":"Product Review: Charlies Cat by Sean Moore\u003cbr\u003e\u003cbr\u003eCharlies Cat is software designed to\nhelp you sharpen your chart reading\nskills. When looking at a historical\nchart, the chart patterns and breakouts that\nworked stand out because you can see what\nactually happened in the time frames. You\nmay consciously or unconsciously ignore\nother signal breaks because you can see\nthat they were not successful. When trading\nlive, however, you dont have the\nprivilege of knowing what is going to\nhappen. Toward that end, Charlies Cat is\na good training tool for viewing historical\ncharts in a real-time environment.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910741361,"sku":"\\V27\\C04\\076PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_4e994c09-ba2b-4c79-af79-dda38cd14fd8.jpg?v=1739656644"},{"product_id":"stcov276prre7","title":"Stocks \u0026 Commodities V. 27:10 (61-62): Product Review eSiganl 10.5 by Jayanthi Gopalakrishnan","description":"Product Review eSiganl 10.5 by Jayanthi Gopalakrishnan\u003cbr\u003e\u003cbr\u003eeSignal 10.5 is a stable trading platform packed with features that seasoned traders will find very useful. Although the look and feel of the product hasnt changed much over the years, some new features have been added to this latest version that make it a more robust and competitive product.\u003cbr\u003e\u003cbr\u003eINSTALLATION AND SETUP\u003cbr\u003e\u003cbr\u003eInstallation is a snap. It took a few minutes to download and install the program from eSignals home page. Once installed, if you are a first-time user, you will be asked to enter your username and password, after which you are ready to go. But where do you start? No worries, because they have made it easy for you.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910774129,"sku":"\\V27\\C10\\197PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a0172ae4-8c4d-4a94-baf8-92f799a47c66.jpg?v=1739656647"},{"product_id":"stcov277fufo","title":"Stocks \u0026 Commodities V. 27:01 (72): Futures For You by Carley Garner","description":"Futures For You by Carley Garner\u003cbr\u003e\u003cbr\u003eFULL SERVICE OR SELF SERVICE?\u003cbr\u003e\u003cbr\u003eShould I use a full-service futures and option broker or trade for myself online?\nThis is a decision that is often made with little research or thought but has the potential to have the biggest impact on the bottom line. I would argue that traders should put nearly as much effort into finding a broker and determining the service type that fits their needs and desires as they do researching the markets that they will be trading.\nMaking a mistake in the choice of your service level can be costly. An inexperienced trader opting for a deep-discount online rate may accumulate far more in market losses and trade placement errors than paying a full-service broker would have ever cost. This is not to imply that a full-service broker will assure accurate speculation and prevent losses, but using a good broker may avoid some of the common newbie mistakes. In addition, it is possible that having an experienced broker to bounce ideas off of may improve results.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910806897,"sku":"\\V27\\C01\\015GARN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7a5f0679-d8cc-4f9f-bf11-27edbbd40190.jpg?v=1739656649"},{"product_id":"stcov27997at5","title":"Stocks \u0026 Commodities V. 27:12 (98, 97): At The Close by Michael Radkay","description":"At The Close by Michael Radkay\u003cbr\u003e\u003cbr\u003eIts that time of the trading day when anything and everything is possible\u003cbr\u003e\u003cbr\u003eIts a little past 5 am Pacific time and I am ready to trade the US commodity futures session. Its early, but my day is going to end around 8 am. I can live with that! I have a lot of inner chatter going on because its 5:19 and its one minute to game time. Its time for my morning ritual to calm my inner chatter: If I follow my game plan, I am a great trader! If I adjust to my opponent, I am an experienced trader! If I follow my game plan and adjust to my opponent when necessary, I am a master trader!\u003cbr\u003e\u003cbr\u003eADJUSTING TO YOUR OPPONENT\u003cbr\u003e\u003cbr\u003eThe essence of this article is captured in the part of my ritual when I mention adjusting to my opponent. Who are my opponents in electronic trading? I cant see them. As market commentator Rick Santelli points out, Electronic trading is like playing a game, but you can only watch the scoreboard, so who are we playing against? When I talk about my opponents in electronic trading, they are either buyers or sellers. When I am a short player (seller first), my opponents are the buyers and my teammates are the sellers. When I am a long player (buyer first), my opponents are the sellers and my teammates are the buyers. I am always interested in the health of both teams.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133910839665,"sku":"\\V27\\C11\\244CLOSE.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_49f273f2-ff68-4b63-b1de-8c9b52d047f0.jpg?v=1739656652"},{"product_id":"stcov27184le","title":"Stocks \u0026 Commodities V. 27:2 (11-12, 84-85): Letters To S\u0026C by Technical Analysis, Inc.","description":"Letters To S\u0026amp;C by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eTAXES AND TRADING\u003cbr\u003e\u003cbr\u003eEditor,\nI have been a subscriber to\nSTOCKS \u0026amp; COMMODITIES\nfor about two years now. I\nfind some of the articles\nvery useful and its the only\nmagazine that I actually\nkeep in a library.\u003cbr\u003e\u003cbr\u003eThe point at which I started subscribing\nwas about the time I switched from\nbeing an investor to a trader. I am looking\nfor a tax service that understands\nthat, unlike investors, traders make\nmore than a few trades a year and who\nwont run away at the sight of a traders\nledger.\u003cbr\u003e\u003cbr\u003eYour magazine has many great articles\non trading systems, indicators,\nformulas for trading platforms, and so\non, but just as any good trading plan has\nexit rules to capture winning trades or\nminimize losing ones, the trader needs a\ngood plan to keep more of his hardearned\nmoney, just like any business\ndoes. How or where does one find a\nCPA who is capable of doing these\nkinds of tax returns? Is there software\nthat can help?\u003cbr\u003e\u003cbr\u003eRICK FINKLE","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913592177,"sku":"\\V27\\C02\\021LETT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_279420ad-3edd-462c-9f8d-34cd1bb996f2.jpg?v=1739656853"},{"product_id":"stcov271mamo","title":"Stocks \u0026 Commodities V. 27:12 (18-25): Making The Most Of A Trend With The Disparity Index by Dan Valcu","description":"Making The Most Of A Trend With The Disparity Index by Dan Valcu\u003cbr\u003e\u003cbr\u003eIn volatile markets, its difficult to forecast the formation of peaks and troughs. The disparity index is an indicator that helps you squeeze the best out of a trend whether you are trading equities, futures, or forex.\u003cbr\u003e\u003cbr\u003ePrices often rise or fall rapidly in a short period of time. But what is considered too far and too fast? How can we quantify these terms? Many techniques and indicators are used already to deal with this task, among them trendline slopes, breakouts, up and down gaps, and oscillators (rate of change, moving average convergence\/divergence [Macd]).\u003cbr\u003e\u003cbr\u003eIn these fast rises and falls, it is only natural and normal to miss the peaks and troughs. At any given time, there is at least one market and several sectors and stocks that display excess. Is there an indicator that can improve your entries and exits? In this article I describe a simple indicator called the disparity index (Dix) and its use in warning about the formation of possible peaks and troughs in volatile market conditions. The Dix can best be used in situations when prices rise or decline rapidly in a short period of time.\u003cbr\u003e\u003cbr\u003eDISPARITY INDEX\u003cbr\u003e\u003cbr\u003eHow many times have you given back the market too much of your gains? If it happens more often than not, the disparity index is for you. The index is a simple statistical measure of price deviation from a mean. It is used as a tool, together with other indicators, for fine-tuning your trades.\u003cbr\u003e\u003cbr\u003eIf you stretch a coil, the more you pull at both ends the greater the danger of it snapping. However, when released, the coil returns to its initial position. A rubber band and, to some extent, a pendulum display similar behavior. After being stretched or swung, both return to a neutral state before going the other direction. Asset prices behave in a similar way; the more they deviate from a reference value, the greater the probability is to return to the original level or even exceed it. Simply, it is a reversal to the mean.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913624945,"sku":"\\V27\\C12\\227VALC.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_3e192d02-9062-4fd2-9a8d-27171ec5f026.jpg?v=1739656855"},{"product_id":"stcov272demy","title":"Stocks \u0026 Commodities V. 27:6 (24-33): Developing My Trading Strategy by Leonardo Jafet","description":"Developing My Trading Strategy by Leonardo Jafet\u003cbr\u003e\u003cbr\u003eAre the risks and returns involved in a more active investment style compatible with your resources and financial goals? Heres a trading approach that can help answer your questions.\u003cbr\u003e\u003cbr\u003entry in my mental trading journal, circa October 2008: The demise of buy \u0026amp; hope investing (and ensuing losses in my portfolio) is the nudge I need to finally consider developing a trading strategy in which I would have enough confidence to take some smarter risks. The first question I should ask myself is, Are the risks and returns involved in a more active investment style compatible with my resources and financial goals? Maybe. All I know is that I could do much better than buy \u0026amp; hold. But how? I havent been able to sort through the cacophony of analysts, pundits, and stockpickers. I just know I need a more objective, systematic approach to investing.\nI have been a casual student of technical analysis for a few years and am finally convinced it is the investing approach that best fits my personality and probably the healthiest for my wallet going forward. Do I have everything I need? Lets see:\n Magazines about technical analysis? 4\n Books about technical analysis? 4\n Bookmarked technical analysis   websites? 4\n Technical analysisbased software? 4\u003cbr\u003e\u003cbr\u003eLets see what I can do.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913657713,"sku":"\\V27\\C06\\105JAFT.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e2378fe1-2df2-4972-9ca1-c5de4bb4b6ad.jpg?v=1739656858"},{"product_id":"stcov272fito","title":"Stocks \u0026 Commodities V. 27:4 (26-29): Fibonacci Tools by Alexander Sabondin","description":"Fibonacci Tools by Alexander Sabondin\u003cbr\u003e\u003cbr\u003eHeres a look at the numbers behind the Fibonacci sequence and how it can be applied to your charts.\u003cbr\u003e\u003cbr\u003eThe sequence of the Fibonacci numbers is considered to have been discovered by Leo-nardo of Pisa, better known as Fibonacci, a 13th-century Italian mathematician. (Fibonacci is an abbreviation of filius Bonacci; filius is Latin for son of.) In the early 1200s, after traveling through parts of the Middle East and studying with Arab mathematicians, Fibonacci published his book Liber Abaci, or Book of Calculation, which introduced to the West something that is one of the greatest discoveries of all time: the decimal numeration system, including the position of zero as the first number in the number sequence. This system, known as the Hindu-Arabic numeral system, includes zero, 1, 2, 3, 4, 5, 6, 7, 8, and 9 and is commonly used today instead of Roman numerals.\u003cbr\u003e\u003cbr\u003eFibonacci became one of the best-known mathematicians of his time. He wrote three essential, ground-breaking books on mathematics: Liber Abaci, published in 1202 and updated in 1228; Practica Geometriae (Practical Geometry, a compendium on geometry and trigonometry), published in 1220; and Liber Quadratorum (The Book of Squares).\u003cbr\u003e\u003cbr\u003eTHE FIBONACCI SEQUENCE\u003cbr\u003e\u003cbr\u003eIn Liber Abaci, Leonardo presented the following task: How many couples of rabbits, placed into a rabbit corral, can be produced for a year by a rabbit couple, if each couple produces one more couple every month since the second month? This resulted in the Fibonacci sequence of numbers:\u003cbr\u003e\u003cbr\u003e1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913690481,"sku":"\\V27\\C04\\065SABO.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1ab35cfe-fbe1-4d17-a777-11c6809386cb.jpg?v=1739656861"},{"product_id":"stcov274wate","title":"Stocks \u0026 Commodities V. 27:01 (48-53): Walk-Forward Testing by Jack L. Weinberg","description":"Stocks \u0026amp; Commodities V. 27:01 (48-53): Walk-Forward Testing by Jack L. Weinberg\u003cbr\u003e\u003cbr\u003eHeres how you can use walk-forward testing as a tool to compare trading systems and gain insight into comparing the future performance of systems.\u003cbr\u003e\u003cbr\u003eRecent advances in trading system software and powerful hardware capabilities have provided a valuable tool in evaluating the future viability of trading systems walk-forward testing. This technique allows the trading system developer to quickly assess if the system will survive (or even prosper) in the future. It does this by segmenting the past into in-sample and out-of-sample periods, and by optimizing each successive in-sample period to provide the values for the next out-of-sample period. In addition, testing can be used to compare one system with another. Walk-forward testing provides a unique insight into comparing the projected performance of trading systems.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913723249,"sku":"\\V27\\C01\\009WEIN.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_5b0b864b-a65e-4a48-81e5-312e1b3251ce.jpg?v=1739656863"},{"product_id":"stcov275qaby2","title":"Stocks \u0026 Commodities V. 27:12 (54): Q\u0026A by Don Bright","description":"Q\u0026amp;A by Don Bright\u003cbr\u003e\u003cbr\u003eMYSTERIOUS NUMBERS\u003cbr\u003e\u003cbr\u003eI started using a prominent retail brokerage firm a few months ago and using their depth of market (Dom) to place trades. On the Dom, when a bid or offer is lifted, it displays for example 1 @ 34.35 or 4 @ 34.32 and such to indicate the 100-share lots at that price. Most of the time, this matches the L2 and the time \u0026amp; sales prints, but often I see 100 @ or 800 @ and there is nothing even close to that kind of size on the L2 or T\u0026amp;S, even if you add a stream of prints together at a given price. Do you know where those numbers come from and why they are not reflected elsewhere? NoDoji\u003cbr\u003e\u003cbr\u003eHard to say without actually seeing the monitors. However, we teach our traders to monitor the bid size and ask size and watch the numbers change quickly, often with no trades taking place. These numbers change because many automated programs use ifthen orders. If Xyz trades at 20.40, then place a bid for Abc of 20.10. Cancel if Xyz trades at 20.35. These automated order entries and cancels make the bid-ask size bounce around like crazy.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133913756017,"sku":"V27C11237QA","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1248f898-9c3f-4772-985c-88016cf395ad.jpg?v=1739656868"},{"product_id":"stcov279bofo2","title":"Stocks \u0026 Commodities V. 27:3 (92): Books For Traders by Technical Analysis, Inc.","description":"Books For Traders by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003e Day Trading \u0026amp;\nSwing Trading The\nCurrency Market:\n2nd Edition\u003cbr\u003e\u003cbr\u003e The Forex Options\nCourse\u003cbr\u003e\u003cbr\u003e Frontiers In\nQuantitative Finance:\nVolatility\nAnd Credit Risk\nModeling\u003cbr\u003e\u003cbr\u003e Invest With\nSuccess: Big\nProfits For\nSmall Investors\u003cbr\u003e\u003cbr\u003e Short Term\nTrading Strategies\nThat\nWork\u003cbr\u003e\u003cbr\u003e Thackrays 2009\nInvestors Guide","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133915918705,"sku":"\\V27\\C03\\058BOOK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_18313843-294f-45a3-b1bb-797857c94df1.jpg?v=1739657041"},{"product_id":"stcov276fufo","title":"Stocks \u0026 Commodities V. 27:2 (63): Futures For You by Carley Garner","description":"Futures For You by Carley Garner\u003cbr\u003e\u003cbr\u003eBUTTERFLY VS. CONDOR\u003cbr\u003e\u003cbr\u003eWhat is the difference between an iron\nbutterfly and a condor?\u003cbr\u003e\u003cbr\u003eBefore examining the discrepancies\nbetween these strategies along with their\nadvantages and disadvantages, let me\nnote that option terminology differs\ndepending on where you are. The two\nUS financial hubs, New York and Chicago,\nhave their own language when it\ncomes to option strategies. A broker on\nthe CME floor may have a slightly different\nview on what exactly a condor is\nrelative to someone standing in a NYMEX\noption trading pit. That said, you should\nbe familiar with the details of the strategies\nas well as the name. Knowledge\ncould avoid costly communication errors\nbetween yourself and your broker.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133917524337,"sku":"\\V27\\C02\\034GARN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f3305988-a576-4b42-bbef-eeb6c21eae00.jpg?v=1739657143"},{"product_id":"stcov273flst","title":"Stocks \u0026 Commodities V. 27:4 (34-41): A Flexible Strategy For Volatile Markets by John Manley","description":"A Flexible Strategy For Volatile Markets by John Manley\u003cbr\u003e\u003cbr\u003eProfit from option spreads on the S\u0026amp;P 500 by applying the same tactic as you would playing chess. Heres how.\u003cbr\u003e\u003cbr\u003eGood chess players are always focusing on a couple of moves in advance of the current one being considered. They are peering out into the future of possible opponent maneuvers and thinking of ways to counter them. We can apply the same principle when were looking at how to profit (up, down, and flat) with option spreads on the Standard \u0026amp; Poors 500 (Spy) through the exchange traded fund (Etf). Heres a breakdown and analysis of a real strategy.\u003cbr\u003e\u003cbr\u003eRATIONALE FOR INITIAL STRATEGY\u003cbr\u003e\u003cbr\u003eThe first part of this strategy was initiated on March 14, 2008. At the time, the Spys were in the process of testing the lows made two months earlier in January 2008, around the 126127 levels. (See Figure 1.)\u003cbr\u003e\u003cbr\u003eAt the time, the Spy had the potential to break support to the downside because of the fear and confusion in the markets. If it did break support, I wanted to be able to profit from that move. I had specific downside price targets based on Fibonacci extensions of the last impulse move up. A break to the downside would also support the volatility (vega) component of the spread and add to profitability. Generally, falling prices support a rise in volatility.\u003cbr\u003e\u003cbr\u003eOn the other hand, the markets also reached extreme negative sentiment measures, technical support, and indicator divergence, which could favor a surprise snapback rally. With that scenario, I wanted to find a way to profit as well. Taking all of that into consideration, I decided to start off with an April\/June put diagonal spread on the Spy.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133918867825,"sku":"\\V27\\C04\\067MANL.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_47ce744b-4bee-46c9-af2f-3875dd8de2d8.jpg?v=1739657246"},{"product_id":"stcov271golo","title":"Stocks \u0026 Commodities V. 27:7 (10-14): Going Long vs. Going Short by Zvi Benyamini","description":"Going Long vs. Going Short by Zvi Benyamini\u003cbr\u003e\u003cbr\u003eTheres a world of difference between uptrends and downtrends. Heres a look at different setups and how you can use them to succeed in long and short positions.\u003cbr\u003e\u003cbr\u003eWhen I first began selling short a few years back, I didnt do very well. I was stopped out of trade after trade, and I kept missing out on the best opportunities. At first I didnt understand what was wrong: I was using the exact same methods that I had used successfully to go long, and simply reversed the rules and setups. Why wasnt it working?\u003cbr\u003e\u003cbr\u003eAt some point I realized this was a mistake. Why? Because if you examine the charts of uptrends and downtrends carefully, you will see a world of differences between them. Understanding these differences is crucial to successful short-selling.\u003cbr\u003e\u003cbr\u003eI would like to demonstrate a few of the differences between common chart patterns in uptrends and downtrends. I will show how they affect my entry setups, stop placement, and profit-taking when going short, compared to going long.\u003cbr\u003e\u003cbr\u003e#1: DOWNTREND PULLBACKS ARE DEEPER\u003cbr\u003e\u003cbr\u003eIn an uptrend, pullbacks are usually weak and shallow compared to the rallies. Pullbacks in downtrends, on the other hand, tend to be much stronger and deeper.\nSo if we try using the same entry rules for going short on pullbacks, we are likely to miss out on the best trades. We need two different sets of entry rules: one for buying pullbacks in an uptrend, and one for shorting pullbacks in a downtrend. The buying rules should avoid strong pullbacks, while the shorting rules should allow them.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133922472305,"sku":"\\V27\\C07\\123BENY.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c6415c1a-9b94-49b8-a324-bba137cfddf9.jpg?v=1739657472"},{"product_id":"stcov274hesh","title":"Stocks \u0026 Commodities V. 27:8 (40-42): Head \u0026 Shoulders by Alexander Sabodin","description":"Head \u0026amp; Shoulders by Alexander Sabodin\u003cbr\u003e\u003cbr\u003eHeres a look at a familiar reversal pattern, the head \u0026amp; shoulders pattern.\u003cbr\u003e\u003cbr\u003eIN this installment of the price model series, we will look at a well-known trend reversal model, the head \u0026amp; shoulders pattern. In part 1 last issue, I explained that for a price model to form, a previous trend needs to exist. The condition for the formation of a head \u0026amp; shoulders pattern is an ascending movement on a price chart, when every rise and fall is higher than the previous one. In Figure 1, you can see that at a certain stage in its development, the trend has accelerated. This is shown by the second trendline, which is steeper than the original. But sooner or later all good things end. The preliminary signal of the trend slowing down occurs when price pierces both trendlines.\u003cbr\u003e\u003cbr\u003eThe breaking of the trendline does not necessarily mean that there will be a reversal in the trend. Instead, consider it a signal to close all long positions you bought at a bargain and not open any new positions. It is like catching a cold but you know you will recover soon.\u003cbr\u003e\u003cbr\u003eHowever, you do need to be prepared if the situation gets worse. If the price overcomes the previous high, it means that the trend has recovered and the ascending trend has regained its strength. But if the price moves upward again after the downward correction but its high is lower than the previous high, it is a strong indicator of an oncoming reversal (Figure 2).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133922505073,"sku":"\\V27\\C08\\151SABO","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_3441e336-c5d8-48e8-88b8-34e9ee7131af.jpg?v=1739657474"},{"product_id":"stcov276exyo","title":"Stocks \u0026 Commodities V. 27:01 (61): Explore Your Options by Tom Gentile","description":"Explore Your Options by Tom Gentile\u003cbr\u003e\u003cbr\u003ePUTS DON'T MAKE MONEY WHEN STOCK FALLS\u003cbr\u003e\u003cbr\u003eI am trying to understand why I did not make any money on a put option. I am hoping you can shed some light. On October 23, 2008, I bought an Xyz put option with the 15 strike price. I bought two contracts at $2.10, or $420 total. The stock dropped to near the strike price. I sold on November 11 for $1.95 and collected $390. I lost $30 even though the stock dropped the way I thought it would. How can this happen?\u003cbr\u003e\u003cbr\u003eIn order to answer your question, it is important that you understand that several factors will influence the value of a stock option, not just the stock price. Certainly, the price of the stock is often the most important. If I buy a call and the stock moves higher, chances are the call will increase in value. On the other hand, if I buy a put and the stock moves lower, the put will probably increase in value. Most traders understand this and, for that reason, many investors buy puts and calls as a leveraged or cheaper way to play moves in the stock.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133924471153,"sku":"\\V27\\C01\\011EYO.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_dd829fe0-39b6-4009-86e0-b181bfc59452.jpg?v=1739657566"},{"product_id":"stcov273oldt","title":"Stocks \u0026 Commodities V. 27:12 (30-33): Old Trendlines to Predict Future Movements by Cory Mitchell, CMT","description":"Read The Future By Looking Back, Old Trendlines to Predict Future Movements by Cory Mitchell, CMT\u003cbr\u003e\u003cbr\u003eCan you extend old trendlines into time and use them to anticipate future price movements?\u003cbr\u003e\u003cbr\u003eTrendlines are well known to most traders, but most traders dont know all the ways trendlines can be used. Trendlines are often drawn, but when they are broken they are deleted. While a trendline does provide the function of acting as support in a downtrend or resistance in an uptrend, as well indicating a break of those trends when the trendline is broken, you can continue to extend old (broken) trendlines out into time, and they can often predict future price movements.\u003cbr\u003e\u003cbr\u003eDRAWING TRENDLINES\u003cbr\u003e\u003cbr\u003eTrendlines are dynamic, and if you are going to extend them out into the future, you must make sure you draw them accurately so that future price actions are more likely to correspond with these broken lines.\u003cbr\u003e\u003cbr\u003eWhat you should realize is that a trend may have several trendlines, not just one. Since the market does not always move with the same aggressiveness, you may have a trend that is quite steep and another that is much flatter. For this reason you should draw trendlines based on normalized movement, as well as lines that correspond to irregular movements or spikes.\u003cbr\u003e\u003cbr\u003eA normalized trendline allows you to connect multiple tops and bottoms, possibly by passing through an extreme high or low instead of passing right along the top (downtrend) or bottom (uptrend) of that spike. You should also draw a trendline using the extreme high or low of a price spike. Often, spikes will connect with future spikes. This is why in real time you draw a normalized and spike trendline. If price action passes through your normalized trendline, it is likely to move to your spike trendline. Beyond this, the price action is likely to move to other trendlines.\u003cbr\u003e\u003cbr\u003eYou should draw trendlines wherever you can connect three or more points (highs or lows) on your chart; these points should be in relatively close proximity to the trendline, although only two actually need to be touching the line.\u003cbr\u003e\u003cbr\u003e","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133925945713,"sku":"\\V27\\C12\\229MITC.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e428d892-3942-4798-92d1-380f98f63aea.jpg?v=1739657681"},{"product_id":"stcov274doch","title":"Stocks \u0026 Commodities V. 27:5 (48-50): Do Chart Patterns Still Work? Thomas Bulkowski","description":"Do Chart Patterns Still Work? Thomas Bulkowski\u003cbr\u003e\u003cbr\u003eHas the failure rate of chart patterns increased in recent years?\u003cbr\u003e\u003cbr\u003eIN the last several years, have you found it more difficult to make money in the stock market? Do you get the feeling that indicators are less effective than they used to be in spotting profitable opportunities? I decided to find the answers to those questions with a new study. I spent a week updating a database of chart patterns that I used during research for writing my books, and found an alarming result.\u003cbr\u003e\u003cbr\u003eIn my investigation, I used 13,932 chart patterns spread over the years from 1991 to 2008. I did not use all of the chart pattern types in my analysis but concentrated on 23 of the most common and popular. They are: diamond tops and bottoms; double tops and bottoms (eight types of Adam and Eve combinations); triple tops and bottoms; rising and falling wedges; head \u0026amp; shoulders tops and bottoms (four types of simple and complex); ascending, descending, and symmetrical triangles; and rectangle tops and bottoms.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133925978481,"sku":"\\V27\\C05\\090BULK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_48b63d1f-0baf-4080-834b-1900e6013f40.jpg?v=1739657684"},{"product_id":"stcov273hiti","title":"Stocks \u0026 Commodities V. 27:12 (38-42): Highs \u0026 Tight Flags by Thomas Bulkowski","description":"Stocks \u0026amp; Commodities V. 27:12 (38-42): Highs \u0026amp; Tight Flags by Thomas Bulkowski\u003cbr\u003e\u003cbr\u003eDoes the high \u0026amp; tight flag work as well as\nsome say? Find out here.\u003cbr\u003e\u003cbr\u003eI have spent 30 years playing the markets. During that time, I have written several books including two encyclopedias covering 166 price patterns from chart patterns to event patterns to candlesticks, but one pattern outperforms the rest: the high \u0026amp; tight flag. New research indicates that this chart pattern may not live up to expectations. Lets take a closer look.\u003cbr\u003e\u003cbr\u003eWHAT IS IT?\u003cbr\u003e\u003cbr\u003eThe high \u0026amp; tight flag was popularized by William ONeil in his book, How To Make Money In Stocks. He mentions several identifying characteristics, but I let the patterns performance statistics tell me what is or is not important. We agree that a substantial price rise should occur quickly: a move of at least 90% (nearly a double) within about two months.\u003cbr\u003e\u003cbr\u003eThe flag portion of the high and tight flag (Htf) need not look like a flag at all. In fact, many Htfs sport a loose collection of price movement that doesnt resemble any recognizable pattern. What you are looking for is a consolidation region near where price doubles.\u003cbr\u003e\u003cbr\u003eFor example, Figure 1 shows what a high \u0026amp; tight flag looks like. Price begins its climb from a low of 1.86 on January 23, 2009 (point A), and reaches a high of 3.78 on March 25, 2009 (point B), or a 103% move in 42 trading days, which is also the maximum time I allow.\u003cbr\u003e\u003cbr\u003eAfter price doubles, it consolidates, dropping back to a low at C of 2.92, for a drop of 23% in about a week. This Htf has a nice flag pattern. That means once the stock reaches the flagpole top, price trends downward following two parallel lines, resembling a flag on a pole. I show that on Figure 1 outlined in blue.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133927846257,"sku":"\\V27\\C12\\231BULK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_79917f7e-dcd1-456f-a072-751b99dd99a8.jpg?v=1739657808"},{"product_id":"stcov276thru","title":"Stocks \u0026 Commodities V. 27:01 (66-69): Three Rules, One Easy Way To Trade ETFs by Larry Conners and David Penn","description":"Three Rules, One Easy Way To Trade ETFs by Larry Conners and David Penn\u003cbr\u003e\u003cbr\u003eHeres a short-term trading strategy to trade exchange traded funds.\u003cbr\u003e\u003cbr\u003eA famous trader once remarked that he could publish the secrets to his winning trading strategy in the newspapers and no one would follow them. The key, this famous trader explained, was consistency and discipline.\u003cbr\u003e\u003cbr\u003eIn our opinion, when it comes to trading and trading strategies, one of the things that makes consistency easier and discipline a bit less daunting is simplicity. With few exceptions, all the trading strategies we have developed over the years have had simplicity as their hallmarks.\u003cbr\u003e\u003cbr\u003eWhat weve developed in this latest trading strategy is short-term trading at its simplest. Instead of stocks, we focus on the smaller universe of market index exchange-traded funds (Etfs). We also created the system as long-only no need to worry about borrowing shares of Etfs. And last but not least, we limited the strategy to three simple rules.\u003cbr\u003e\u003cbr\u003eTHE DOUBLE 7'S\u003cbr\u003e\u003cbr\u003eBefore we tell you those rules, first understand a bit about this trading strategy, which we call Double 7s. We tested this strategy on both the Standard \u0026amp; Poors 500 (Spx) and the Nasdaq 100 (Ndx) from January 1995 through April 2008. The results over that time period for the S\u0026amp;P 500 were +1,133 points, with nearly 80% of the trades closing profitably. In the Nasdaq 100, the results were similarly impressive. From January 1995 through April 2008, the Double 7s strategy in the Nasdaq 100 yielded 2,822 points, with 79.84% of the trades closing in the green.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133927879025,"sku":"\\V27\\C01\\013PENN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_aa1586e5-79a0-4374-8878-71f3efd4a60a.jpg?v=1739657811"},{"product_id":"stcov279bofo1","title":"Stocks \u0026 Commodities V. 27:2 (92): Books For Traders by Technical Analysis, Inc.","description":"Books For Traders by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003e- A Way To Wealth: The\nArt Of Investing In Common\nStocks\u003cbr\u003e\u003cbr\u003e- Commodity Modeling\nAnd Pricing: Methods\nFor Analyzing Resource\nMarket Behavior\u003cbr\u003e\u003cbr\u003e- Enhanced Indexing\nStrategies: Utilizing Futures\nAnd Options To\nAchieve Higher Performance\u003cbr\u003e\u003cbr\u003e- The Forever Portfolio:\nHow To Pick Stocks\nThat You Can Hold For\nThe Long Run\u003cbr\u003e\u003cbr\u003e- Keynes And The Market\u003cbr\u003e\u003cbr\u003e- Commodity Traders Almanac\n2009\u003cbr\u003e\u003cbr\u003e- Introduction To\nAmiBroker: Advanced\nTechnical\nAnalysis Software\nFor Charting And\nTrading System Development","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133930664305,"sku":"\\V27\\C02\\038BOOK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_e13456bd-bbac-41fc-b1b9-781f5dd44420.jpg?v=1739657925"},{"product_id":"stcov271onpr","title":"Stocks \u0026 Commodities V. 27:3 (16-21): On The Precipice Of The Nearest Dollar Increment by A. Trongone, Phd, CFP, CTA","description":"On The Precipice Of The Nearest Dollar Increment by A. Trongone, Phd, CFP, CTA\u003cbr\u003e\u003cbr\u003eIn a bear market, any piece of information that\nwill give traders a slight edge in performance is\nalways welcome. Heres how a stock performs\nwhen it is trading in the vicinity of the nearest\ndollar increment.\u003cbr\u003e\u003cbr\u003eSuccess often results from analyzing\nthe smallest pieces of information. On\na daily basis, some price patterns may\nappear unimportant; over a series of trading days, however, they can contribute significantly\nto your profitability. With the continuing\ndowntrend in worldwide markets, existing trading\nsystems are performing poorly, causing market\nparticipants to abandon previous trading strategies.\nIn this current environment, traders are grateful for\nany new information, especially if it will give them\nthe slightest performance edge. Say a stock begins\ntrading at $40.03 (three cents above the next dollar\nmark) or $39.97 (three cents below). Does this\nslightly above\/below situation provide us with a\ntrading advantage?\u003cbr\u003e\u003cbr\u003eThis article analyzes the opening decimal price\nagainst differences in the performance of the overnight\ntrading session. It acknowledges the meltdown\nin equity prices by assessing the performance\nof this system in the current bearish trading environment.\nInstead of examining each decimal combination,\nwe collapse the opening price into the four\nbrackets seen in Figure 1.\u003cbr\u003e\u003cbr\u003eWith an average trading volume of 182 million\nshares in 2007, the PowerShares QQQ are a good\nrepresentation of investor psychology. The Qs represent the intraday movements of 100 companies, but\nthey trade as a single security, allowing investors to\nparticipate in the collective performance of a portfolio\nof companies. As a result, I am confining this\ninvestigation to this most active instrument when it\nis trading during the regular session. In 1,465 trading\ndays (January 02, 2003October 24, 2008),\nthey have fallen $18.69 during the regular trading\nsession (Figure 2). You can easily download these\nhistorical numbers from finance.yahoo.com into an\nExcel worksheet.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133933613425,"sku":"\\V27\\C03\\043TRON.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_61476d4c-6b1d-4622-a4d5-9663a1ecc1ea.jpg?v=1739658025"},{"product_id":"stcov272opon","title":"Stocks \u0026 Commodities V. 27:5 (26-34): Options On Futures by John “Jay\" Norris","description":"Options On Futures by John Jay Norris\u003cbr\u003e\u003cbr\u003eHeres how to identify the appropriate underlying conditions and timing for option strategies.\u003cbr\u003e\u003cbr\u003eThe first two things industry insiders will tell you about options on futures is that more than 80% of them expire worthless, and that selling naked options on a monthly basis is frequently referred to as picking up dimes in front of a steamroller. Put those together and you get losses more often than not if you buy them or you get paid a meager sum on a regular basis if you sell them, and hope you figure out a better way quickly before you get crushed by the steamroller. Trading futures and options on futures carries a substantial risk of loss and is not suitable for every investor. As with any type of investment, you have to do your homework and understand the risks.\u003cbr\u003e\u003cbr\u003eDRIVE THE STEAMROLLER\u003cbr\u003e\u003cbr\u003eIn my opinion, the better way is to use options in conjunction with the opposite position in the underlying futures contract, or when a market is starting to experience a long-term trend shift and an attractive risk\/reward ratio justifies the possibility of a small loss. These strategies can mean you still sweep up those dimes but you dont have to worry about the steamroller or, even better, set yourself up to drive the steamroller.\u003cbr\u003e\u003cbr\u003eBefore we get into option strategies that might apply to setups and situations in the markets you follow, we need to define the basic instruments and terms used. An option is a derivative product of a security, commodity, or other financial product that allows the holder or buyer the right to control the underlying product at a specific price at a future date. Once that date passes, the option is either exercised, meaning that the option holder takes control of the asset because price is beyond the price specified in the option, or the option expires worthless because the price did not reach the point specified in the option. Over the course of its life, the option will fluctuate in price, as will the price of the underlying product.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133933646193,"sku":"\\V27\\C05\\087NORR.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_9151a0ec-692c-452a-9631-e93268291180.jpg?v=1739658029"},{"product_id":"stcov273exyo","title":"Stocks \u0026 Commodities V. 27:2 (38): Explore Your Options by Tom Gentile","description":"Explore Your Options by Tom Gentile\u003cbr\u003e\u003cbr\u003eBUY-WRITES?\u003cbr\u003e\u003cbr\u003eA report in Baron's said now was a good time for \"buy-writes\" and said the trade was buying stock and selling calls. This sounds like covered calls. Is there a difference and, if not, do you think it IS a good time?\u003cbr\u003e\u003cbr\u003eYou are correct, the buy-write and the covered call are the same strategy. \"Buy-write\" refers to the fact that the trade involves buying shares and writing calls.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133935743345,"sku":"\\V27\\C02\\026EYO.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_aeaa0649-faa5-4b4f-bbfd-3c5e24438046.jpg?v=1739658176"},{"product_id":"stcov275fufo","title":"Stocks \u0026 Commodities V. 27:5 (54): Futures For You by Carley Garner","description":"Futures For You by Carley Garner\u003cbr\u003e\u003cbr\u003eSPLITTING THE BID?\u003cbr\u003e\u003cbr\u003eOption traders often talk about splitting the bid or midpoint; what are they referring to?\u003cbr\u003e\u003cbr\u003eAll markets, whether we are talking about cars, houses, groceries, stocks, currencies, futures, or options, have two prices at any given time. There is a price at which an asset can be purchased and one at which it can be sold. In the world of trading, the difference is known as the bid\/ask spread. The spread between the two prices is the compensation that the executor requires to accept the risk involved in making a market.\u003cbr\u003e\u003cbr\u003eFor instance, your local grocer buys products to stock his shelves at a wholesale price, only to turn around and sell it to you at a retail price. The difference between the price that he pays for items and what he sells it for is referred to as the margin in retail, identical to the bid\/ask spread in the financial markets. The grocer is accepting the risk of not being able to sell the items purchased at wholesale and therefore must charge a markup in order to compensate him for his efforts.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133935776113,"sku":"\\V27\\C05\\093GARN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_a71c81ff-36cc-4474-ab51-c25e16bce5a8.jpg?v=1739658179"},{"product_id":"stcov279bofo8","title":"Stocks \u0026 Commodities V. 27:10 (92): Books For Traders by Technical Analysis, Inc.","description":"Books For Traders by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003e- The Daily Trading Coach: 101 Lessons For Becoming Your Own Trading Psychologist\u003cbr\u003e\u003cbr\u003e- Essential Investment: An A-Z Guide: 2nd Edition\u003cbr\u003e\u003cbr\u003e- Inside The Mind Of The Turtles: How The Worlds Best Traders Master Risk\u003cbr\u003e\u003cbr\u003e- The New Paradigm Investor\u003cbr\u003e\u003cbr\u003e- Sell Short: A Simpler, Safer Way To Profit When Stocks Go Down\u003cbr\u003e\u003cbr\u003e- Trading Regime Analysis: The Probability Of Volatility","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133935808881,"sku":"\\V27\\C10\\202BOOK.PDF","price":2.95,"currency_code":"USD","in_stock":true}]},{"product_id":"stcov27997at4","title":"Stocks \u0026 Commodities V. 27:11 (98, 97): At The Close by Dan Altman","description":"At The Close by Dan Altman\u003cbr\u003e\u003cbr\u003eIs Trading Right For You?\u003cbr\u003e\u003cbr\u003eIf you are interested in becoming a trader, this is\na very important question to ask yourself.\u003cbr\u003e\u003cbr\u003eost traders new to the business dont ask themselves if trading is right for them. They may assume that trading is the thing for them because they have the desire to trade. Anyone who wants to trade should consider whether it is a good fit for them personally. Every profession has its rewards and challenges, including the requirements of hard work and years of practice. However, trading in its specifics is unique.\u003cbr\u003e\u003cbr\u003eMISCONCEPTIONS ABOUT TRADING\u003cbr\u003e\u003cbr\u003eMisconceptions about trading abound because it is a profession foreign to most people. Trading is not gambling, but that is a common impression. Some think that making money trading is easy and doesnt take much effort, while others believe it is impossible to beat the markets, or that being in the markets has no redeeming social value. How many traders have had the experience of having another professional comment that trading cant be as demanding as practicing medicine or law? It isnt easy to acquire an accurate concept of what trading is like and its daily emotional demands unless you actually do it.\u003cbr\u003e\u003cbr\u003eHistorically, traders were a small group who had little interaction with the outside world. Since the advent of the Internet, however, ordinary people living anywhere in the world with Internet access can trade. In the 1970s, you needed the services of a stockbroker if you wanted to buy and sell on Wall Street. A transaction could cost more than 5% of the value of the security and take days to complete. Ordinary people had to have a long holding period just to overcome transaction costs. Futures and option markets were as exotic as aardvarks.\u003cbr\u003e\u003cbr\u003eToday, trading for a living is an occupation with low barriers to entry for anyone with ambition and a few dollars, but its lure is deceptive. Available to the would-be trader are seminars and trading books that purport to explain how to do it. You may think once you read a few books and understand some mechanical basics, youll be able to. Beware! Most of these books and seminars are run by people who do not trade for a living. Few other professions have so many nonperformers passing themselves off as experts, preying on the unsophisticated.\u003cbr\u003e\u003cbr\u003eTrading done correctly can be lucrative, much more so than giving seminars or writing books. This is particularly true if you have the ability to leverage your trading into the real business of running a successful trading firm, which is no mean feat. It is a lot more difficult to run a trading firm than many other types of businesses because of the risk controls necessary and the difficulty of finding, training, and keeping good traders.\u003cbr\u003e\u003cbr\u003eNot many people who know how to trade well teach or write about it. There are some excellent books on trading and some excellent teachers of trading, but the number is small considering what is available, and you have to be selective. Good traders trade, and they arent any more likely to be good teachers or writers than anyone else. Trading as a basic skill can be taught to anyone with the minimum talents necessary for it. To become an outstanding trader requires a lot more.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133937152369,"sku":"\\V27\\C11\\223CLOS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_810a2219-ae98-4d48-9bcc-6edccfd24894.jpg?v=1739658286"},{"product_id":"stcov279bofo7","title":"Stocks \u0026 Commodities V. 27:8 (92): Books For Traders by Technical Analysis, Inc.","description":"Books For Traders by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003e- The Complete Idiots Guide To Active Trading\u003cbr\u003e\u003cbr\u003e- Essentials Of Foreign Exchange Trading\u003cbr\u003e\u003cbr\u003e- Free Cash Flow\u003cbr\u003e\u003cbr\u003e- The Long And Short Of Hedge Funds\u003cbr\u003e\u003cbr\u003e- Trade Like The Little Guy\u003cbr\u003e\u003cbr\u003e- The Wallstrip Edge","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133937217905,"sku":"\\V27\\C08\\161BOOK.COM","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_3c083bab-f345-4ebe-98bd-5b2787241903.jpg?v=1739658289"},{"product_id":"stcov273sean","title":"Stocks \u0026 Commodities V. 27:4 (30-32): Secular And Cyclical Cycles by Moses Sanchez","description":"Secular And Cyclical Cycles by Moses Sanchez\u003cbr\u003e\u003cbr\u003eSecular and cyclical cycles are common, but what do they really mean?\u003cbr\u003e\u003cbr\u003eThe terms secular and cyclical are tossed around by business news pundits on a daily basis. A search on either topic does give some explanations, but how can you apply these definitions to your trading strategy in order to make smart trades?\u003cbr\u003e\u003cbr\u003eA secular market\nFirst of all, you need to understand what a secular market means. In the financial markets, a secular cycle means a long-term boom or bust. This time frame has been debated as being anywhere between five and 20 years, but I am going to define it as lasting at least 10 years.\u003cbr\u003e\u003cbr\u003eA couple of examples that economists agree as being secular bull or bear cycles include the time period between 1906 through 2000. During the 190621 period, the annual real return was -1.9%. In the following eight years, from 1921 to 1929, there was a +24.8% annual return. The return in the 20-year period following that was +1.2%, and the following 17-year period brought in +14.1%. The last couple of secular cycles took place from 1966 through 1982, with the bear market returning -1.5% and from 1982 through 2000, which brought in a +14.8% return.\u003cbr\u003e\u003cbr\u003eIn a secular bull market, strong investor sentiment is among the key forces driving prices higher. In a secular bear market, weak investor sentiment causes a drop in prices. Other factors affecting both secular cycles include national and worldwide events such as war, population changes, cultural changes, and political policies or government changes.\u003cbr\u003e\u003cbr\u003eCyclical and noncyclical stocks are terms that get tossed around and even mixed up with secular and nonsecular. To clarify these terms, I will go over them individually and summarize them overall.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133941477745,"sku":"\\V27\\C04\\066SANZ.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_6c73073b-698e-40d8-b0e5-8cefc31e1609.jpg?v=1739658602"},{"product_id":"stcov274elwa","title":"Stocks \u0026 Commodities V. 27:2 (40-45): Elliott Wave Theory, Simplified by Koos van der Merwe","description":"Elliott Wave Theory, Simplified by Koos van der Merwe\u003cbr\u003e\u003cbr\u003eElliott wave counts can get complicated,\nbut it doesnt have to. Heres a simplified\nlook at how to study Elliott wave theory.\u003cbr\u003e\u003cbr\u003eIN the late 1920s, Ralph\nNelson Elliott came to the\nconclusion that the movement\nof the stock market\ncould be predicted by identifying\na repetitive pattern of waves. He\ntheorized that movement in the market\nwas the result of investors reaction to\noutside influences.\u003cbr\u003e\u003cbr\u003eOver my years as a trader and investor\nin the stock market, I came to realize that\nthe outside influences that Ralph Elliott\nbelieved moved the market was nothing\nother than emotion. In my 50 years as a\npharmacist, I found that emotion played a\ntremendous part in the physical and mental\nhealth of a patient. I also found that\nhealth and emotion occurred in cycles\nmore obvious in women than in men.\nEventually, I determined that the gravitational\nattraction by the moon plays a real\npart in how a trader trades. After all, the\ngravitational pull creates the tides in the\nocean. More than 80% of the human body\nconsists of water. So even by a small\ndegree, that same lunar gravitation must\ninfluence the movement of water, chemicals,\nand proteins within the human body,\nand in this way influence the emotions of\na person, especially of a trader who lives\nhigh on the knife edge of emotion.\u003cbr\u003e\u003cbr\u003eRalph Elliott came to the conclusion that the market moves upward in five\nwaves, and corrects in three waves. I first\nencountered the Elliott wave theory in 1969 and have been an avid follower and student since then.\nI have studied wave patterns but over the years have found\nthat the complexity of the wave theory leads only to complexity\nin interpretation. Thus, I decided that simplicity was the\nanswer, and so, the simpler the wave, the easier the interpretation.\nTo achieve this simplification, I decided on the following\nset of rules.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133941510513,"sku":"\\V27\\C02\\027KOOS.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2ad5773b-729d-4a42-bd33-ba19330b9abc.jpg?v=1739658605"},{"product_id":"stcov274fufo","title":"Stocks \u0026 Commodities V. 27:7 (41): Futures For You by Carley Garner","description":"Futures For You by Carley Garner\u003cbr\u003e\u003cbr\u003eLIQUID MARKETS\u003cbr\u003e\u003cbr\u003eThe liquid futures markets seem to be the most efficient and as a result the most difficult to profit from, especially when compared to stocks or options. Do you agree?\u003cbr\u003e\u003cbr\u003eIt is true that more futures (and options on futures) traders lose money than not. However, the same odds seem to apply to active stock and stock option speculators. I am not referring to stock investors who buy and hold, but those trying to beat the market via aggressive trading strategies.\u003cbr\u003e\u003cbr\u003eThere are, however, a couple of factors that may make the futures markets a little more difficult to master than equities leverage and perceived price volatility. It is also these factors that make such markets attractive trading arenas.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133941543281,"sku":"\\V27\\C07\\129CARN.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_68701a89-bf31-4bfc-ab58-f0aae04efa2c.jpg?v=1739658607"},{"product_id":"stcov27893le","title":"Stocks \u0026 Commodities V. 27:7 (8-9, 93): Letters To S\u0026C by Technical Analysis, Inc.","description":"Letters To S\u0026amp;C by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eTrue Range, Reward\/Risk, And Position Size\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eIn the May 2009 issue of S\u0026amp;C is an article by Alan Binder, True Range, Reward\/Risk, And Position Size. I have a question about the calculation of the values in cells D16, D17, and D18 of the Input sheet. Most of the information is straightforward enough, but that calculation is a mystery. Could the author illuminate?\u003cbr\u003e\u003cbr\u003eJoe Ziomek\u003cbr\u003e\u003cbr\u003eAlan Binder replies:\u003cbr\u003e\u003cbr\u003eThe numbers refer to the number of standard deviations for the indicated certainty values. Please refer to the Stocks \u0026amp; Commodities article, Value At Risk And Technical Analysis by Luis Ballesca-Loyo (August 1999, Volume 17: Number 8).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133941576049,"sku":"\\V27\\C07\\122LETT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_da12d93b-e85f-458b-bf3a-bd236db08b0e.jpg?v=1739658610"},{"product_id":"stcov275opdy","title":"Stocks \u0026 Commodities V. 27:7 (58-61): Option Dynamics by Dennis Peterson","description":"Option Dynamics by Dennis Peterson\u003cbr\u003e\u003cbr\u003eOption Dynamics is a software product created by Tom Joseph and his team. As the software name implies, it works with options, but as any option trader knows, your success as an option trader is tied to knowing which direction the underlying is going to move. The underlying in this case is stocks. I first ran across Josephs name in a stock club meeting many years ago when the presenter discussed software that would perform an Elliott wave analysis. The strategy of the software was to identify setups for wave 5 by analyzing the behavior of wave 4. Just having a way of tackling Elliott waves is impressive, so you would expect the Option Dynamic software to offer some unique insight, notwithstanding the fact that Tom Joseph has traded options for more than 20 years.\u003cbr\u003e\u003cbr\u003eOPTION TRADERS REQUIREMENTS\u003cbr\u003e\u003cbr\u003eBecoming a successful option trader requires knowing two things: (1) the direction of the underlying asset and (2) whether the option price is under- or overvalued. What you need is software that will give you information on both, and Option Dynamics does just that.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133943017841,"sku":"\\V27\\C07\\134PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_84169525-b43e-470e-b8d2-41b39629c214.jpg?v=1739658724"},{"product_id":"noname6","title":"Stocks \u0026 Commodities V. 27:3 (8-9): Letters To S\u0026C by Technical Analysis, Inc.","description":"Letters To S\u0026amp;C by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eGOOD ISSUE\u003cbr\u003e\u003cbr\u003eEditor,\u003cbr\u003e\u003cbr\u003eI enjoyed the January\n2009 issue of STOCKS \u0026amp;\nCOMMODITIES. Larry\nConnors and David\nPenns article, Three Rules, One Easy Way To Trade ETFs,\nwas informative. Cynthia Kase [interviewed\nfor that issue] said it best: Just\nlearn a market and trade it up and down,\nup and down on the pure technicals.\nThats the thing to do!\nYour magazine is a must-read for all\ntraders.\u003cbr\u003e\u003cbr\u003eCJ CASEBEER\nNampa, ID\u003cbr\u003e\u003cbr\u003eThank you for your feedback. We are\nglad you are enjoying the magazine.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133961662833,"sku":"\\V27\\C03\\021LETT.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_54f5b0a1-84c8-4f9f-843c-1348ad8f6574.jpg?v=1739658895"},{"product_id":"stcov275dowt","title":"Stocks \u0026 Commodities V. 27:3 (52-55): Dow Theory Direction by Tim W. Wood, CPA","description":"Dow Theory Direction by Tim W. Wood, CPA\u003cbr\u003e\u003cbr\u003eWhy do opinions on Dow theory so often vary, and why do\nDow theory signals so often fail?\u003cbr\u003e\u003cbr\u003eTypically, there is one common denominator that\nbecomes immediately apparent in most articles\nabout Dow theory: too many of the authors of\nthose articles have not studied the original writings\nof Charles H. Dow, William Peter Hamilton, or Robert Rhea. These original writings and particularly\nthose of Robert Rhea are essential if we are to understand\nwhat has come to be known as Dow theory. The only other\nperson I know who has studied the original writings by Dow,\nHamilton, and Rhea is Richard Russell. As a result, Russell\nis the only other orthodox Dow theorist I know of, and he has\nfought misquotes, misunderstandings, and erroneously written\narticles about Dow theory his entire career.\u003cbr\u003e\u003cbr\u003eNONCONFIRMATION AND THE ONGOING BEAR\u003cbr\u003e\u003cbr\u003eI first warned about the Dow theory nonconfirmation, and the\nimpending bear market, in October 2007. There was approximately\na four-week period following the October 9, 2007,\nclosing high on the Dow Jones industrials that was a classic\nsell spot in accordance with orthodox Dow theory. It was\nduring this time that I began warning my subscribers and\nguided them through the developments as we watched the\nprimary bearish trend take root.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133963366769,"sku":"\\V27\\C03\\049WOOD.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_748dc087-3d06-42c0-96d8-9a78f21ea791.jpg?v=1739659029"},{"product_id":"stcov277trti4","title":"Stocks \u0026 Commodities V. 27:8 (70-82): Traders' Tips by Technical Analysis, Inc.","description":"Traders Tips by Technical Analysis, Inc.\u003cbr\u003e\u003cbr\u003eThis months Traders Tips are mainly based on Rombout Kerstens article in this issue, Combining Dmi And Moving Average For A Eur\/Usd Trading System. Others are on a topic of the contributors choosing.\u003cbr\u003e\u003cbr\u003eEasyLanguage code to implement the strategy is provided in Kerstens article elsewhere in this issue, and is also available at the end of this document. Additional code is presented here as contributed by various software developers.\u003cbr\u003e\u003cbr\u003eReaders will find our Traders Tips section in its entirety at the Stocks \u0026amp; Commodities website at www.Traders.com in the Traders Tips area, from where the code can be copied and pasted into the appropriate program. In addition, the code for each program is usually available at the respective software companys website. Thus, no retyping of code is required for Internet users.\u003cbr\u003e\u003cbr\u003eFor Stocks \u0026amp; Commodities subscribers, the EasyLanguage code found in Kerstens article can be copied and pasted into TradeStation from the Subscriber Area at www.Traders.com. Login is required.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133964906865,"sku":"\\V27\\C08\\159TIPS.PDF","price":5.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_d8124ddd-8588-4186-8502-b6cbe1c3adc0.jpg?v=1739659137"},{"product_id":"stcov274adop","title":"Stocks \u0026 Commodities V. 27:13 (42-45): Adjusting Option Trades With Bill Ladd by John Sarkett","description":"Adjusting Option Trades With Bill Ladd by John Sarkett\u003cbr\u003e\u003cbr\u003eBill Ladd, a full-time, independent option trader, spent 20-some years in the pharmaceutical industry (Burroughs Wellcome, which became Glaxo Smith\/Kline) as a certified internal auditor and a certified fraud examiner. Ladd was one of the early students of 22-year Cboe veteran turned teacher Dan Sheridan, regarded as one of the foremost option mentors.\nWhen hes not trading, Greensboro, NCbased Ladd volunteers for the Service Core of Retired Executives (Score) organization and also at a local retirement community. He agreed to answer some questions on August 22, 2008. The interview was conducted by Stocks \u0026amp; Commodities contributor John Sarkett.\u003cbr\u003e\u003cbr\u003eBill, when and how did you begin trading?\u003cbr\u003e\u003cbr\u003eI was interested in options for several years before I began trading. After I left the pharmaceutical industry and began my own consulting business, I started to trade covered calls on stocks I currently owned, but only had limited success.\u003cbr\u003e\u003cbr\u003eHow did you come in contact with Dan Sheridan and his option mentoring service?\u003cbr\u003e\u003cbr\u003eI met Sheridan through OptionVue. I was using OptionVue software and their representative told me about his mentoring program. So I was introduced to his style of monthly income strategy trading that way.\nSome of Sheridans students seem to specialize in condors. Is that what you do?\u003cbr\u003e\u003cbr\u003eNo, but I do trade high- and low-probability iron condors, calendars, and broken-wing butterflies. Each strategy has its own entry and exit rules. Managing trades once they are on is the heart and soul of option trading, and that only comes with experience.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133966709105,"sku":"\\V27\\C13\\251INTR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_61c4eba4-3860-4824-aa2f-52abf7c0d4df.jpg?v=1739659249"},{"product_id":"stcov27996at1","title":"Stocks \u0026 Commodities V. 27:9 (98, 96-97): At The Close by Teresa Lo","description":"At The Close by Teresa Lo\u003cbr\u003e\u003cbr\u003eLooked At Market Sentiment Lately?\u003cbr\u003e\u003cbr\u003eThe volatile markets make for uneasy market participants. Keep a calm, cool, collected eye out and dont get swept away by the hysteria of the crowds.\u003cbr\u003e\u003cbr\u003eIN the summer of 2002, market participants anxiously watched the apparent neckline breach of a massive head \u0026amp; shoulders top formation on the Standard \u0026amp; Poors 500. From the March 24, 2000, high of 1,552.87 to the September 21, 2001, low of 944.75, the pattern measured 608 points. Subtracting that from the neckline at 944 produced a downside target of 336 (Figure 1).\nThe existence of the pattern was widely noted. Peter Brimelow of Forbes reported on January 7, 2002, that Richard Russell, publisher of the Dow Theory Letters, had identified it:\u003cbr\u003e\u003cbr\u003eMassive Head And Shoulders Overshadows Market\nRussells call, therefore, has made chartists sit up and take notice.\nInterestingly, none of the other letters that regularly note head and shoulders patterns for example, The Dines Letter and Investors Intelligence are talking about it now. Partly this may be because this particular head and shoulders is long term; it only becomes evident when the market is looked at over a six-year period or more. Most advisers dont take such a long-term focus. Thats what makes Russell different: He takes a very long view.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133968281969,"sku":"\\V27\\C09\\182CLOS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_50ecac4d-7907-4282-bd4e-a4e3dac58d7f.jpg?v=1739659371"},{"product_id":"stcov27997at1","title":"Stocks \u0026 Commodities V. 27:3 (98, 97): At The Close: Understanding The Trading Enviornment by Joseph J. Mertes","description":"At The Close: Understanding The Trading Enviornment by Joseph J. Mertes\u003cbr\u003e\u003cbr\u003eSpending time to assess the market\nenvironment you are trading is a\ngood habit to develop.\u003cbr\u003e\u003cbr\u003eI have a lot of trading experience\nfrom trading some good, some bad, but great\nlessons all. One of the lessons\nIve learned has been about the use of the chart. Understanding the chart is important. Understanding\nwhat drives the chart is invaluable.\u003cbr\u003e\u003cbr\u003eI use the Market Development and Market Structure methodology.\nWhat drives the method is Auction Market Theory,\nwhere a willing buyer and a willing seller agree on price.\nWhen you have many buyers and sellers coming together and\nagreeing on price, they determine where value is for whatever\ncommodity they are trading. It is the determination of value\nand depicting value on the profile chart that gives us the\ninformation that is the basis of a trade or investing strategy.\u003cbr\u003e\u003cbr\u003eMAKING AN AGREEMENT\u003cbr\u003e\u003cbr\u003eBehind the buyer and seller agreeing on price (value) is a\ngreater force that makes the determination of value possible,\nand that is the psychology of the players in that market or\ninstrument. When the trading psychology involved in a\nmarket or equity changes its outlook on that market or equity,\nit will move price (value) to a different level. Understanding\nthe mindset of the players in a market can give an advantage\nin trading and investing.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133970051441,"sku":"\\V27\\C03\\059CLOS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_893bd6f1-f71f-41a3-9824-3edf77025af1.jpg?v=1739659495"},{"product_id":"stcov271pide","title":"Stocks \u0026 Commodities V. 27:7 (16-24): The Pivot Detector Oscillator, Simplified by Giorgos Siligardos","description":"The Pivot Detector Oscillator, Simplified by Giorgos Siligardos\u003cbr\u003e\u003cbr\u003eSee how you can use a simplified version of the Pid oscillator to improve your timing by leaps and bounds.\u003cbr\u003e\u003cbr\u003eA coherent unification model for trend indicators and oscillators is to technical analysis what a unification model of the microcosmos and the macrocosmos is to physics. Although both models may still be far from being constructed, there is nonetheless a way of using trend indicators and oscillators to derive virtually instantaneous signals. Here I will describe a simplified version of the pivot detector (Pid) oscillator and its signals, which were used in Daedalus, an add-on for MetaStock I created some years ago.\u003cbr\u003e\u003cbr\u003eTHE DR. JEKYLL \u0026amp; MR. THE DR. JEKYLL \u0026amp; MR. HYDE RSI\u003cbr\u003e\u003cbr\u003eAmong the various better-known oscillators, the relative strength index (Rsi) stands out. J. Welles Wilder introduced the Rsi in his book New Concepts In Technical Trading Systems, and it has been a standard tool for technical analysts ever since. By its construction, the Rsi takes on values between zero and 100, and Wilder proposed a 14-period parameter for it along with the 30 to 70 levels as oversold\/overbought thresholds. The Rsi, however, does not differ from other classic technical oscillators in that it produces multiple erroneous signals during strong trending markets.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133973361009,"sku":"\\V27\\C07\\124SILI.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1d6ec1d6-56c4-4cb2-861a-a9b57d80a845.jpg?v=1739659729"},{"product_id":"stcov272trau","title":"Stocks \u0026 Commodities V. 27:2 (28-36): Trading The Aussie by Markos Katsanos","description":"Trading The Aussie by Markos Katsanos\u003cbr\u003e\u003cbr\u003eThis system exploits the traditionally\nstrong correlation between\nthe Australian dollar and\ncommodities.\u003cbr\u003e\u003cbr\u003eThe Australian dollar,\nalong with the\nCanadian dollar,\nthe New Zealand\ndollar, and the South African rand, is regarded\nas a commodity currency, owing\nto the sizable role of commodity\nproduction in the Australian\neconomy. In 200809,\niron ore is forecast to be\nAustralias largest export commodity\n(in value terms), followed\nby coal, gold, and crude\noil. The countrys largest agricultural\nexport commodity is\nwheat, ranked 10th overall in\ncommodity export earnings. In\naddition, Australia is the worlds\nbiggest exporter of metallurgical\ncoal, which is used by\nsteelmakers.\u003cbr\u003e\u003cbr\u003eAlthough trading the Australian\ndollar is not as popular\nas trading the euro or the yen, it\nis a fascinating currency because\nof its strong historical\ncorrelation to gold and the\nwhole commodity complex.\nThe direction of commodity\nprices, interest rate differentials\nwith the US, Japan, and other\ncountries, commodity prices,\nand the AUD\/JPY carry trade\nare all key variables moving\nthe Aussie dollar.\u003cbr\u003e\u003cbr\u003eFor the last 10 years, the\naussie had a strong correlation\ncoefficient with gold and other\ncommodities (see Figures 1 and\n2). In fact, gold correlated better with the aussie (p = 0.88) than with silver\n(p = 0.84).","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133973393777,"sku":"\\V27\\C02\\024KATS.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_c4401c98-729f-434a-ac6c-526d76340145.jpg?v=1739659732"},{"product_id":"stcov276vois","title":"Stocks \u0026 Commodities V. 27:4 (68-69): Volatility Is Dominant Theme In Stocks by Michael Carr, CMT","description":"Volatility Is Dominant Theme In Stocks by Michael Carr, CMT\u003cbr\u003e\u003cbr\u003eThe market may be setting up for a period of consolidation.\u003cbr\u003e\u003cbr\u003eFrom a technical perspective,\nthe biggest factor\nin the markets is\nvolatility (Figure\n1). Since the large down move in autumn\n2008, price action has\nsettled into a consolidation pattern.\nWhile some technical indicators\nshow signs of strength,\nothers indicate further weakness.\nBollinger bands, the technical\ntrading tool developed by\nJohn Bollinger in the early\n1980s, quantifies the observation\nthat volatility is dynamic, described by Bollinger as\nmeaning that periods of low volatility are inevitably followed\nby periods of high volatility and vice versa.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133973426545,"sku":"\\V27\\C04\\077CARR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_822d1f22-14f4-4c59-b995-6d2b2d7d0100.jpg?v=1739659735"},{"product_id":"stcov273matr","title":"Stocks \u0026 Commodities V. 27:7 (32-37): Market Trend And Midas by Andrew Coles and David Hawkins","description":"Market Trend And Midas by Andrew Coles and David Hawkins\u003cbr\u003e\u003cbr\u003eHeres an in-depth look at an indicator that is part of Midas, the well-known market data analysis system. In this, the first of a three-part series, we will look at the formula used to calculate it.\u003cbr\u003e\u003cbr\u003eThe innovative work of the late technical analyst Paul Levine into the application of volume-weighted average price (Vwap) principles to the financial markets has drawn attention in recent years. One result of this work is an indicator many readers will by now be familiar with. Levine called it Midas, an acronym for the market interpretation\/data analysis system. The other result of this work is an indicator Levine called the topfinder\/bottomfinder, the subject of this article.\u003cbr\u003e\u003cbr\u003eOutside of Levines work, a standard Vwap calculation (the total value of shares traded in a particular stock on a given day divided by the total volume of shares traded in that stock on that same day) is typically used as a benchmark to measure the efficiency of institutional trading. It is also a standard tool in the brokerage industry in that a Vwap execution is a way of earning a traders commission. Beyond this, rudimentary Vwap calculations have played a limited role in trading decisions, as in technician Kevin Haggertys methodology of establishing whether a stock price has closed above its daily VWAP.\u003cbr\u003e\u003cbr\u003eA radical extension of this standard Vwap calculation, however, has resulted in a technical charting indicator capable of fractal market analysis across multiple chart time frames. As George Reyna showed in his article in the May 2001 issue of Stocks \u0026amp; Commodities (see Suggested reading at the end of this article), the Midas indicator on the daily charts generates robust nonlinear support and resistance curves that indicate major trend reversals.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133974966641,"sku":"\\V27\\C07\\127COLE.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_1ff604b4-4b1a-4a86-904a-0a1e9ff0cabe.jpg?v=1739659847"},{"product_id":"stcov273usin","title":"Stocks \u0026 Commodities V. 27:5 (36-43): Using Initial And Trailing Stops by Sylvain Vervoort","description":"Using Initial And Trailing Stops by Sylvain Vervoort\u003cbr\u003e\u003cbr\u003e\nIn this first of a three-part series, we will look at initial stop methods and compare trailing-stop strategies starting with a fixed-percentage trailing stop.\u003cbr\u003e\u003cbr\u003eMost people have no problem buying a stock, but selling it is another matter. Selling is best accomplished based on technical analysis signals reaching a price target, breaking a trend, money management, or whatever rules you apply for trading the stock market. But you must also consider a last warning signal. This warning is an initial stop and a trailing-stop signal.\u003cbr\u003e\u003cbr\u003eIn this series of three articles, we will look at initial stop methods and compare trailing-stop methods using a fixed- percentage trailing stop, an average true range (Atr) trailing stop, a modified Atr trailing stop, and Tr\u0026amp;nds (read Trends), a trailing resistance and support stop.\u003cbr\u003e\u003cbr\u003eINITIAL STOP\u003cbr\u003e\u003cbr\u003eThe initial stop is set when you open your trade. When this stop level is broken, it is the ultimate and last warning sign to close your position. Setting the initial stop requires applying technical analysis basics and risk\/reward ratio. Here are a few examples.\u003cbr\u003e\u003cbr\u003eIn the daily chart of Allis Chalmers (Aly) in Figure 1, you see a significant short-term correction, one that would make you consider opening a trade. But where would you set the initial stop? There is a positive confirmed bullish harami pattern in the candlestick chart.\u003cbr\u003e\u003cbr\u003eLogically, you would use the bottom level of the bullish harami pattern and consider the support level broken when the closing price falls below this line. This means buying now at a closing price of $12.02 and setting a stop at $10.12 or a loss of about 20%. If you are like me, you probably wouldnt like the idea that this trade may result in a 20% loss. The first resistance for a further up move is at $14, which is a last top in the previous downtrend. Buying at $12.02 with a stop at $10.12 and a first price target at $14 gives you a risk\/reward ratio of not much more than 1, which is not attractive. There should be at minimum a ratio of 2:1, but 3:1 is preferred. This is the main reason why I would not open a trade here. There are more technical reasons why I would not take this trade, but I am just going to look at the use of stops.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133974999409,"sku":"\\V27\\C05\\088VERV.PDF","price":3.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_be204abd-c1e6-4965-9f37-b201c0fba597.jpg?v=1739659850"},{"product_id":"stcov276qusc","title":"Stocks \u0026 Commodities V. 27:2 (64-66): Quick Scans: Tsunami Trading Systems by Barbara Star, Phd","description":"Quick Scans: Tsunami Trading Systems by Barbara Star, Phd\u003cbr\u003e\u003cbr\u003eQuestion: What do most traders want?\nAnswer: An easy-to-follow system with\nreliable buy and sell signals that works\non everything and generates consistent\nprofits. Now tell me, is that asking for\ntoo much? Not at all, according to Tsunami\nTrading. And with the latest addition\nto the program, the software will\neven talk to you, telling you when to buy\nor sell and letting you know when a\nprofit target has been reached. The wonders\nof technology!\u003cbr\u003e\u003cbr\u003eThe technology that enables charting\nsoftware to turn complex mathematical\nformulas into colorful indicators that\ninstantly appear on the screen has also\nmade possible the mechanization of part\nor all of the trading process. The more\nmechanical the system, the less time-consuming\nand less subjective the decisionmaking\nprocess is for the trader. With that\nin mind, Tsunami Trading Educators has\ncreated a mechanical system with\nnonoptimized proprietary formulas.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133976768881,"sku":"\\V27\\C02\\033QS.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_f5f76968-14b6-407a-914d-65a93220571d.jpg?v=1739659967"},{"product_id":"stcov278stni","title":"Stocks \u0026 Commodities V. 27:7 (8): Steve Nison's Candle Charting Essentials And Beyond by Sean M. Moore","description":"Steve Nisons Candle Charting Essentials And Beyond by Sean M. Moore\u003cbr\u003e\u003cbr\u003eTechnician and analyst Steve Nison first saw a candlestick chart sometime in the 1980s while working at a brokerage in New York. A coworker of his would receive chart books from Japan every week that she would use to assist her Japanese clients. Nison grew fascinated with these new candlestick charts and started researching and studying them. Even though the charts had been used in Japan for hundreds of years, Nison became the first to introduce them to the Western world in 1989 with the publication of his first book on candlesticks. He has spent the last 20-plus years helping others learn the art of trading with candlestick charts and has written multiple books and articles on the subject as well as taught numerous courses and seminars.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133976801649,"sku":"\\V27\\C07\\135PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_2f1f7fe9-aca8-4a88-88d6-232826b65ea3.jpg?v=1739659970"},{"product_id":"stcov276stni","title":"Stocks \u0026 Commodities V. 27:8 (68-69): Steve Nison's Candlesticks Re-Ignited: New Tactics To Boost Confidence And Success by Sean M. Moore","description":"Steve Nisons Candlesticks Re-Ignited: New Tactics To Boost Confidence And Success by Sean M. Moore\u003cbr\u003e\u003cbr\u003eIN the July 2009 issue of Technical Analysis of Stocks \u0026amp; Commodities, I reviewed the first two volumes of the new educational series produced by Candlecharts.com and taught by candlestick technician Steve Nison. This time, Ill look at volumes 3 and 4. Volumes 3 and 4 cover the same topics as the first two volumes, but on a more advanced level. Candlecharts.com has a series of levels for traders to finish and accomplish in their candlechart training: novice, apprentice, expert, and master. Volumes 1 and 2 are designed to achieve senior apprenticeship level, while volumes 3 and 4 are geared toward the next step: Nison candlestick expert level.\u003cbr\u003e\u003cbr\u003eVolumes 3 and 4 are sold as a package titled Candlesticks Re-Ignited: New Tactics to Boost Success and Confidence. The Dvd workshop contains eight Dvds. The first seven consist of a video seminar recorded at one of Steve Nisons live two-day seminars. The eighth Dvd is a trading-lab Dvd with example charts that you can use to test your newfound knowledge. All of the slides used in the seminar are organized into a three-ring binder and included with the Dvds.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52133978145137,"sku":"\\V27\\C08\\158PR.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_ca68de19-2100-42cf-a16b-d70db66d3da2.jpg?v=1739660069"}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/collections\/volume-27-2009-19.gif?v=1739677677","url":"https:\/\/shop.traders.com\/collections\/volume272009.oembed","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}