Even though the markets were in zombie mode, we looked at some very interesting trade set-ups. The first considered the value of getting merely from x to p rather than looking for home runs. There’s a good living in this approach, in part because such trades, especially when they involve counterintuitive entries, can produce the kind of singles and doubles that equate to easy $500 days. With the second series of charts, we trained out attention on the very lesser charts, with the goal of forcing a trade. Is it possible to do so when there is almost no price movement, and when the vehicle of choice is the algo-driven demon ESH17? Watch this recording and you’ll find out. The third trade we pondered involved straddling AMZN ahead of inauguration weekend. It can be done, of course, but as we discovered, there are difficult tradeoffs between risk and reward.
