I previously described how rather than force a trade on GLD, I would be patient and let my set up come to me.  This resulted in entering 8 x GLD Oct27 $120 calls on Friday, October 6th for $1.30 each (total investment of $1,043.11 including commission).  I subsequently...

I spend more time planning than actually trading.  My previous blog post on GLD was part of my standard R&D.  It was also a set up waiting for a trigger.

A common expression in the trading industry is "Plan your trade, trade your plan."  I follow thi...

One of the most fatal mistakes in trading options is forcing a trade.  Many traders are so eager to "place their bets" that placing their bets (gamble) is exactly what they do - they force a trade when the prognosis really states "wait, be patient."

When I get the itch...