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The Timing of Your Trading Success

September 25 2017 | 4:05 am PDT

Timing has as much to do with your success as does your trading process.

Just because you have a system, does not mean that you will begin harvesting cash.

The markets must be amenable and compatible with the rules that you are going to deploy.

This is true if you are a credit option trader also.

Selling option premia doest not mean you will keep it.

Monte Carlo your system to see how it would have done if you vary the start date.

The trading year typically doesn’t start on January 1…

Features of your trading platform are not benefits…

You don’t need to program “hot keys” or the buttons on your mouse.

I don’t have real-time quotes…but I do have Tony Saliba’s new book – I published it.

Get your copy here – FREE

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The 3 Things Traders Need for Long Term Success

September 22 2017 | 4:05 am PDT

You need to monitor your mental health, your amount of sleep, and your diet.

Don’t be afraid to take a mental health day to reset.

This is a marathon, not a sprint.

You need time and Time Value on your side.

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Traders Must Live in a Paradigm of Personal Responsibility

September 21 2017 | 4:05 am PDT

You are responsible for all your success and failure. You have excuses or you have results.

That type of integrity will need to manifest in how you handle money – your money and your client money – your investments and your trades.

Until you backtest, you don’t know your numbers. You need to know the expected value of a trade.
You need to know what the probability is of your risk of ruin. You can’t get this without a simulator or backtesting software.

If you have talked yourself into the Johnny Cochran logic of “If it doesn’t fit, you must acquit,” (no basis in law) you have sold yourself on an outcome that is not based on 100% integrity and is not a 360 degree outlook.

Your success as a trader will come from your knowledge of yourself – what you know, what you think, and how you feel.

You have to own everything you do and that includes all the results of the trades you take and the ones you don’t.

You have excuses or you have results.

Want great trading results like Tony Saliba? Get his new book FREE

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How to Attract a Capital Allocator and Manage Their Money

September 20 2017 | 4:05 am PDT

The sum total of all your trading activity will accumulate in your track record.

You can be successful and be making a great deal of money right now, but you still might not be a good fit for a particular allocator.

I know a few traders with 20+ years who cannot get big allocations in today’s environment b/c their results are too volatile.

These traders have their own models and have been trading the same asset class in mostly the same manner for 2 decades.

Allocators are looking for very low daily vol today. Think about that – they are not looking for 100%+ rates of return per year. The risk you need to get those returns is too great for today’s allocators. You need to temper where you are in your career with where you want to be in the business.

Ego is a poor trading mentor, but you might need validation in order to have any confidence. Why else would you have 6 monitors…to show your girlfriend and posture?

Your daily volatility will increase due to market forces as well as the relative strength of your attachment to your rules. You have to do your own simulations, backtesting, and research. This is an ongoing process. Markets will evolve – so will you, and your model will need to keep pace also.

And you thought that you can buy someone else’s trading rules and make a career?

Learn the best options trading rules from Tony Saliba. Get his new book – FREE

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Backtest Your Options Trading for Greater Success – Free Book

September 19 2017 | 4:05 am PDT

With options you can bet where you think something is going to go and also where it might not.

You can backtest and simulate option strategies for outright directional trades as well as multiple option positions.

This includes butterflies and condors.

Love the VIX? Don’t fall in love…

You can create a vol trade around any instrument and perhaps better manage your risk.

Tony Saliba’s new book shows you how you can do this while minimizing your risk. (I published the book).

Click here to get Tony Saliba’s new book for free and learn about his course.

Students will get access to Tony’s proprietary trading simulator. This is the first time it’s available to traders outside his firm.

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Timing has as much to do with your success as does your trading process. Just because you have a system, does not mean that you will begin harvesting cash. The markets must be amenable and compatible with the rules that you are going to deploy. This is true if you are a credit option trader […]

You need to monitor your mental health, your amount of sleep, and your diet. Don’t be afraid to take a mental health day to reset. This is a marathon, not a sprint. You need time and Time Value on your side. Subscribe

You are responsible for all your success and failure. You have excuses or you have results. That type of integrity will need to manifest in how you handle money – your money and your client money – your investments and your trades. Until you backtest, you don’t know your numbers. You need to know the […]

The sum total of all your trading activity will accumulate in your track record. You can be successful and be making a great deal of money right now, but you still might not be a good fit for a particular allocator. I know a few traders with 20+ years who cannot get big allocations in […]

With options you can bet where you think something is going to go and also where it might not. You can backtest and simulate option strategies for outright directional trades as well as multiple option positions. This includes butterflies and condors. Love the VIX? Don’t fall in love… You can create a vol trade around […]