Fresh out of teaching an Options class in Irvine CA, Mr. Greenberg joins Merlin for a look at why most people lose money trading options, and the simple things they can do to stop losing! Joel talks about how he trades options using some XLT indicators and a rule based approach. This simple methodology lacks glitz, but gets consistent returns!
Editors’ Picks
EUR/USD clings to small gains above 1.0700 ahead of data
EUR/USD trades marginally higher on the day above 1.0700 on Tuesday after EU inflation data for April came in slightly stronger than expected. Market focus shifts to mid-tier US data ahead of the Fed's policy announcements on Wednesday.
GBP/USD recovers to 1.2550 despite US Dollar strength
GBP/USD is recovering losses to trade near 1.2550 in the European session on Tuesday. The pair rebounds despite a cautious risk tone and broad US Dollar strength. The focus now stays on the mid-tier US data amid a data-light UK docket.
Gold price remains depressed near $2,320 amid stronger USD, ahead of US macro data
Gold price (XAU/USD) remains depressed heading into the European session on Tuesday and is currently placed near the lower end of its daily range, just above the $2,320 level.
XRP hovers above $0.51 as Ripple motion to strike new expert materials receives SEC response
Ripple (XRP) trades broadly sideways on Tuesday after closing above $0.51 on Monday as the payment firm’s legal battle against the US Securities and Exchange Commission (SEC) persists.
Mixed earnings for Europe as battle against inflation in UK takes step forward
Corporate updates are dominating this morning after HSBC’s earnings report contained the surprise news that its CEO is stepping down after 5 years in the job. However, HSBC’s share price is rising this morning and is higher by nearly 2%.
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Trading is exciting. Trading is hard. Trading is extremely hard. Some say that it takes more than 10,000 hours to master. Others believe that trading is the way to quick riches. They might be both wrong. What is important to know that no matter how experienced you are, mistakes will be part of the trading process.