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3 Different Approaches For Trading The QQQs From 3 Successful Traders
The QQQs are fast becoming the weapon of choice for many traders. It
's simpler to trade than multiple stocks. You have fewer things to keep track of. You get fast executions because of the great liquidity. Most importantly, if you have the right strategy...you can make a living off them.This week, Duke Heberlein, the Director of TradersWire Interactive, gives you his
third and final installment in his series on the QQQs. This time he focuses purely on strategy. If you missed Part 1 or Part II, be sure to review them before tackling, "Advanced Techniques For Trading The QQQs, Part III."Duke walks you through an in-depth study
of three different traders who trade the Qs.Are you yearning for
a simpler style of trading? Tired of waking up in the morning to find that your stock has open 50 points lower? The QQQs have a lot to offer, and Duke's lessons are a great place to start. And don't forget to read Don Miller's column on a daily basis because he does nothing but trade the Qs.Here's A Clear Example Of Why You Should Learn About Volatility
Did you happen to catch Len Yates' commentary on Monday, July 16?
For those who missed it, Len pointed out the historically low volatilities in certain stocks. The result? The lowest option prices seen in
five years for these stocks.Len stated that he was focusing on America Online (AOL) puts. A couple days later, AOL dropped eight points.
Nice work, Len!
Want a better understanding
of Len's volatility strategy?Be sure to register for TradingMarkets2001
, where you'll be able to learn from Len and 24 other top traders! Also, be sure to visit the TM2001 site because the full workshop schedule is now up. Register now. Space is limited and there are only 11 more weeks to go!What If You Woke Up Tomorrow Morning And Discovered You Had Turned Into...Dave Landry?
Would you be pleased about that? If not, you can experience Dave's life vicariously in his this month's new TradingMarkets World Feature.
I am happy to report that not only will
you get Dave Landry's recipe for "Butt Chicken," but you'll also be able to explore his way of thinking and his early dabbling into trading as a child.Dave will talk about his early "learning" experiences as a full-time trader over decade ago. If you've ever wondered why Dave is so friendly and gives TM members as much personal attention as he does, read about Dave's unusual encounter with a well-known trader many years ago. The trauma and emotional scars took their toll, but helped to shape Dave's genuine desire to help other traders.
Just as important, you'll also find about Dave's activities when he's by himself on his sailboat, how he works family life into his busy schedule, and how he enjoys the solitude on his six acre farm (it includes two cows and bull).
Carolyn Boroden Explains One Critical, But Often Ignored Component Of Her Methodology
Most people who follow Carolyn Boroden's daily column would agree that she has made some great calls both in the intraday and daily time frames. Recently, however, she pondered over the following question:
well? Yet they both have access to the same information!How is it that there are such wide variations in the level of performance between the traders who follow her work? How is that some are doing spectacularly well while others doing only marginally
In her new lesson "Psychology & Discipline: Key Elements To Successful Trading," Carolyn explains why she considers psychology to be more important than methodology in order for one to succeed as a trader. It is the very fact that a strategy is perceived as being successful that often blows people up.
Carolyn uses her relationship between herself and her clients as an example. People notice that her calls on the market are often correct. They put their faith in what she says and stop thinking for themselves. As a result, she has to constantly remind people that even on her strongest signals for a major directional change, the market could completely ignore what she says. Some traders wait for the confirmation and put on their stops. Others still dive in recklessly. Guess who are the survivors in the long run?
Swing Trading? Maybe You'd Like Know What Tomorrow's Trading Range Will Be...
One of the factors that plays heavily into the success of any swing trader is the amount of movement that you get out of a stock. You can be proficient with the 1-2-3-4 pullbacks, Trend Knock-
Outs, and Bow Ties--but if you trade stocks with a low historical volatility, you could be eating dog food for a while. Greg Che teaches you how volatility can be used on a daily basis to filter out suitable trading candidates in his lesson "What's Tomorrow's Range? Find Out Using Historical Volatility."Greg's lesson is tailored as an introduction to the concept of volatility. If you want to know more and explore advanced volatility strategies, be sure to attend his workshop at TM2001.
In addition to the Trading Lessons described above, please see our latest Trading Advisor. As always, if you'd like your trading questions answered, please send them to questions@tradingmarkets.com. Send any suggestions, recommendations and other input to suggestions@tradingmarkets.com.
Feeling off the wall? Send submissions for "Genius of the Day" to genius@tradingmarkets.com. Send your "What Do You Think?" ideas to poll@tradingmarkets.com.
Have a great weekend,
Eddie Kwong
Editor-in-Chief
TradingMarkets.com
