Live Trading

Category: Pit Report

This Asset Explains Coronavirus (Trade Inside)

One of the most common words I hear in the trading world is the word:  Why…?????????? -Why is the market rallying so hard? -Why is this stock up? -Why is this stock down? -Why is the market down? My favorite might be: Why did this happen to me? Most of the time my response is,…

Here Is Why the Market is Tanking

Markets are selling off because of the news that the coronavirus is spreading. When does it end?  How long can the market sell off? These are relevant questions.  It is necessary to understand an important thing about this sell off:   There are two VITAL pieces to a market correction   A catalyst:  something to get a […]

Spot a Terrible Trading Indicator Just Like This

My favorite watering hole in Chicago is called Ceres Café.  It is a bar disguised as a diner in the Chicago Board of Trade Building.  Ceres is famous for having quite possibly the stiffest drink in the country.  When I was on the floor, a lot of traders would head over there for ‘lunch’ and […]

Things Might Never Go Back to Normal AGAIN

Volatility is mean reverting.  This is one of the laws of options trading that holds the whole options universe together.   If Volatility does not mean revert, then it’s possible that many of the players in the business would not be able to do their jobs.   This does not mean it can’t change over time, the […]

It’s Time to File for a Market Divorce

When the general public sees the numbers like Dow Down 600 points they tend to get wide eye’d. Heck I have been in the business for 20 years now and when I wake up and see the S&P 500 futures down 30 I can even get a little wide eye’d. That is where the similarities…

This is EXACTLY How to Trade Coronavirus…

50 points is not what it used to be. I wish traders would trade on the Fear of Missing Out more often. I do not mean trading FOMO as stocks are topping. I mean looking at FOMO from an outsider’s perspective and taking advantage of it. The market had a decent sell off as I…

The Secrets to Successful Trading

What if I told you there really is a secret to being a successful trader?   What if I told you it was about as secretive as Liberaci’s bachelorhood?   There are a lot of ‘secrets’ here at Option Pit Mentoring that really aren’t secrets.  One of these ‘secrets’ most traders want to know is: What are […]