• Becoming a Full Time Trader

    “Am I ready to become a Full Time Trader?”  This is a question that comes up frequently in trading groups and Facebook posts.  If you have traded successfully for a while, you may have had that question creep into your mind as well.  After all, becoming a full-time trader has many perks.  There is no boss to answer to, no

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  • Terms, Abbreviations, and more – New Traders start here

    You’ve got questions, we’ve got answers.  If you are new to the trading world, there is no doubt that you will have questions.  We’ve all been there.  It can be confusing when you are reading/listening to traders speak the trading lingo.  In order to help you navigate the murky waters of trading, we’ve put together a list of common words/phrases/abbreviations

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  • TIP: Creating Stop Limit/Market Orders to enter a trade

    Sometimes you can’t sit at your desk all day or monitor all tickers to enter a trade, but you know you want to take an action if something breaks out over or below a level. Stop orders aren’t just for exiting a trade.  They can also be used to open a trade.  There are 2 parts to a stop order. 

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  • TIP: Use a Trading Journal EVERY Day

    To improve your trade planning and execution skills and become a batter overall trader, I highly recommend using a trade journal.  I’ve created a sample version based on what I use as google spreadsheet.  Be sure to plan your trades and update your journal every day. Process: Fill out your trade plan in the journal BEFORE making a trade Update it

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  • Using Black Box Stocks to Find Premarket Gappers

    Here is quick clip of what I do each morning to identify gappers.  I check this during 7:30-8:30am.

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  • TIP: How to chart options quickly in ThinkOrSwim

    First make you have one more charts linked to a color.  You’ll see what I mean in the gif below.  Right click on the option you want to chart Click send to and choose the color of the chart you want to send it too.  

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  • TIP: How to find the top 100 stocks/tickers by Option Volume in Black Box Stocks

    Ever want to know what tickers are getting the most option volume? You can find this in Black Box Stocks. Click the Options tab in the top left. Click Volume tab at the bottom of the options section. I like doing this and checking the column p/c for put to call ratio.  

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  • Tip: How to setup Black Box Stocks twitter feed on TweetDeck

    I love how Black Box has an algo watching the option call flow and then sounds out a tweet when it finds something it likes. The twitter feed is available to members and to trial members. Send me a tweet if you want to be added to the next free trial. Steps So here are the steps to get access

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  • TIP: Change ThinkOrSwim Default Quote Speed to Realtime

    Ever wonder why your quotes on ThinkOrSwim seems delayed? Probably because it is.  For scalp day traders this can be the difference between a profit or a loss.   To change the quote speed. Click Setup and choose Application Settings Click System and choose Realtime under Quote Speed

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  • TIP: Using ThinkorSwim to determine the implied move for earnings action

    Someone gave me this tip awhile ago and it is been helpful. Open thinkorswim, click on the Trade tab and All Products.  look for the 3 Ms in yellow, circled in green below.

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