Trader's
Resources Kit:
|
|
Free
Sites URL Links:
Option/Stock Paper Trading
This site is better for paper trading than Investools
site because you cannot do option paper trading in
Investools site unless you have purchased the Basic
Option Package! You will have to open an account in this
site. However you don't need to fund the account to use
all the feature of the site! This site allows you to do
level 5 option trading, strategy scanning, Interactive
Charts. A very good site.
Stock Search
Web site that has the Green
and
Red
Arrows break out (Moving Average, MACD, Stochastics),
Bollinger Bands, RSI, Insider (Buy/Sell), Coroprate Snap
Shoot, Company profile, Technical Report, Company
Finances, Qualterly Earning, Analysis Rating and more.
Much of the information from this site are the same as
the Investools site.
Download Marketbrowser
Toll Free Call Center for Support
This is may not be as good as the Investools
Coaching/hotline, but it is as close as it gets--for
free, if you trade option. Yes, there is a Toll Free
Call Center for options support where you can call and
ask just about ANYTHING about options. The friendly
persons will answering basic options-related questions
using industry terms, product specifications and
discussions about basic risks and rewards associated
with options. Responding to more complex strategic and
operational questions for specific options trades and
strategies.
Yes, I called many times. I asked the guy how to set
up an "Iron Condor"! I asked about early assignment on
deep in-the-money options. The support person took the
time and explain to me in detail. Free!
Technical Analysis
If you are new to Technical Analysis, this site gives a
very detailed Technical analysis for your stock.
Numerous technical Indicator: MACD, Stockastic, RSI,
Suppport/Resistance, Trend, Candlestick...and more all
in one site)
Volatility
If you trade options, you need to know about volatility.
Options are cheap when volatility is low and expensive
when volatility is high. The old say: you buy low, and
sell high (volalility..that is). These two sites provide
detailed volatity report, reports on stocks with highest
and lowest volatility.
Free Weekly Option picks
Run out of idea? See The Free weekly picks here. What
about see Calendar for Stock
Splites/Earning/Economic/dividends and put on an option
play!
|
|
Advanced
Technical Analysis References Cheat Sheets -
Candelsticks Patterns Cheat Sheet
Simple and easy reference for the most popular Japanese
Candlestick Patterns with definition, trend and
Reliablility
Price Chart Pattern Cheat Sheet
Simple and easy reference for he formation, definition
of the most popular Price Chart Patterns such as
triangles, pennants, flags, head and shoulder,
double/triple top/bottoms...
|
|
Advance
Option Quick References Cheat Sheets
Advance Option Strategies Cheat Sheet
Simple and easy reference of the most popular advanced
option strategies (bull call, bear put, condor,
straddle, strangle...)with when to use what strategy and
quick guide of the potiential of profit, loss, risk,
reward, margin, and time decay.
2005-2006 Option Expiration Calendar with
Expiration Month Code and Strike Price Code:
A clear color coded option expiration calender for
2005-2006 with Expiration Month Code and Strike Price
Code.
Do you know A thru L is for Calls and M thru X is for
Puts? It all listed very clearly in color code.
|
|
Free
LIVE Option Seminars
Scheduled
year round, all over the United States: San Diego,
Orange County, Los Anegeles, Minneapolis, Chicago, St.
Louis, Denver, Indianapolis, Columbus, Cleveland, San
Francisco, Phoenix, Synnyvale, Las Vegas.... No pitch.
No catch. No cost.
Basic Option ( FREE Full 3-hours course)
option terminology
order routing techniques
the relationship between stock and options
call and put writing
the intrinsic and extrinsic value of options
credit spreads
...and a lot more.
Advanced Option (FREE 8-hours course)
advanced option pricing
using implied volatility when implementing an option
strategy
calendar spreads
vertical spreads
iron condors
and much more
This is a intermediate class and a basic understanding
of option strategies and terminology is required.
All you need to do is to sign up and show up!
Manual is FREE! You download the workshop manual in PDF
file and print it BEFORE you go to the seminar.
|
|
|
|
|
|
|
The Best Technical Analysis Tutorial:
|
|
|
Rule#1 :
"Preserve Your Capital". You are out of the
game if you are out of capital. Take a small loss and
get out!
Rule#2 : "Begin with the end in mind" You
know how to get out of the trade BEFORE you enter into
the trade.
Three excellant articles for Risk Management is
included.
How to determine
risk rewards ratio?
You determine the RRR before you take the trade. You
decide if you want to take the take.
Stop Loss Tips and Tricks
Setting Stop Loss base on price pattern (triangles,
channel, wedges..etc) and rule-of-thumb.
Risk Management and Stop Loss setting by Technical
Analysis
How to Set the Stop Loss by looking at the chart with
Technical Analysis. |
|
|
What to do
when you make a profit? What to do when you take a loss?
Several Losses? You need a plan. You need some rules to
manage you money and allow growth. You need Money
Management.
Trade as a business and you will be rewarded.
"Failure to plan is a plan to failure!".
You got a plan. You follow the rule. A trading plan
takes the emotion out of your action.
Several articles is included in the CD on how to write
your Trading Plan, Business Plan and what should be in
your plan.
You also get sample business plan and link to a sample
business plan template.
|
|
Trading
Check List (Escpecially for Investools Traders)
What are
your trading Rules?
Do you have any?
You may say:" I use the three green arrows".
Is that your only requirement? No. You also need the
trend, a minimum of 5 green in phase 1, 3.25 or better
in phase 2, 150% jump in daily volume. Yes, there is
also the 60 or better for Acc/Ais and ....more. You are
going to miss something if you are new to this. The
trading check list is a very detailed list on the
requirements you should check BEFORE entering a trade.
What about exits? When should you get out? Yes, the
exits rules is in thes check list also.
A check list allows you to make sure everything is right
BEFORE you enter the trade. You cannot say "I forgot
this", "I forgot that" any more! A check list make
you accountable to yourself. You are responsible for all
your trades. You are the one that put a check mark on
the check list.
You fill one of this check list as a evaluation form and
as a record before you enter the trade for each stock or
options..
You check on the exit rules daily to see if you should
get out!
|
|
Trading
Journals (Microsoft Excel Template)
You can use
the two included Microsoft Excel Template for data entry
of your trading activities.
-
Trading daily Action Journal
-
Trading Journal
You can use these record together with your Trading
Check List to review you trading activities, good and
bad.
|
|
|
Cheat Sheats
-
Candlestick
-
Chart Patterns
-
Expiration Calendar
-
Option Strategies
-
Trading Checklist
|
|
|
Business Plans
-
Business Plan for Traders
-
Developing a Trading Plan
-
Sample Trading Rules
-
T2W Trading Plan Template
|
|
| |
| |