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Main Street's Option Market Wizards: Judy Tan

Almost every traders knows who is Warren Buffett, George Soros, Ray Dalio, Bill Ackman or other billionaire Wall Street stock wizards ?

But what about the real traders from the Main Street?

Are there any success stories worth emulating?

Find out more as I answer this question by conversing with top real traders that I had good fortune of either mentoring or working with.

This special series is called "Option Market Wizards" where I will introduce you to some good traders who started with...

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5 Things I Wish I Knew Before I Started Trading?

 

So, You want to be a trader or investor.

During the last 20+years, since I first enter into the world of financial markets, I have seen historic bull markets, many painful crashes, and the rise and fall of many industry titans. It’s nothing short of a Hollywood movie full of dramatic emotions, financial gains & pains.

There is a saying that 90% of the retail trader and investors tends to lose money.

Why is it so? And what is that 10%, who makes money, do differently? I...

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Negative Oil Prices: What does it Mean and How to Profit from Record Low Oil Prices?

The price of one American oil futures contract crashed on Monday into the negative for the first time in history.

The May WTI crude contract CL.1, -113.23% CLK20, -113.23% closed at -$37.63 a barrel, a one-day drop of $55.90, or 306%, according to Dow Jones Market Data. Those prices—at negative $$ per barrel—mean that companies must now pay a buyer to take oil off their hands and store it if they want to exit the market. 

Since the COVID-19 epidemic started, S&P500...

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Using Probability in Options Trading

 

On a weekend afternoon, I received a phone call from one of my mentees who was learning to trade options using a high probability options trading system.

He was a diligent trader who always analysed his trades after they closed and made it a point to read up on trading. This time around, he had a few losing options trades in S&P500. After analysing his trades, though, he couldn’t identify what errors he had made which had led to losses. So, he decided to give me a call to seek my...

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