People in general can be very superstitious, and that is sometimes the case with option traders as well. I have said in group coaching class several times that I am a little gun-shy when it comes to taking the same type of trade on the same underlying after several successful outcomes. Part of the reason is that I wonder how long the stock can continue to move in the manner I had counted on it do so. Well, it has to end at some point, obviously. But if the charts are still telling you to consider the trade, why not?

Here is a recent example we have talked about in class over the past several weeks. Below is an hourly chart of Apple Inc. (AAPL).

People in general can be very superstitious, and that is sometimes the case with option traders as well. I have said in group coaching class several times that I am a little gun-shy when it comes to taking the same type of trade on the same underlying after several successful outcomes. Part of the reason is that I wonder how long the stock can continue to move in the manner I had counted on it do so. Well, it has to end at some point, obviously. But if the charts are still telling you to consider the trade, why not?

Here is a recent example we have talked about in class over the past several weeks. Below is an hourly chart of Apple Inc. (AAPL).

John Kmiecik, Market Taker Mentoring