Wyckoff, Super Trader Karen

To short option premium you need price to stay away from your strike price. Price and volume is important to Karen. Karen doesnt mention the Wyckoff word, but anyone who watches price and volume for reversal action (accumulation or distribution patterns) will become a Wyckoff fan. Wyckoff patterns that would support her approach would be: Selling Climax, Buying Climax, Springs, Tests. 

When Karen says she as been tested (Flash Crash), could this success story be different. Maybe or maybe not that would depend on money management.

Karen could not pick direction, this blog suggest she quickly becomes a RTT Plus member to master stock market direction with RTT Market Timer. Our Hurst cycles would also help to pick the next zone for accumulation or distribution to short premium. Please review Wyckoff 2.0 theory. 

For example RTTTrendStatus (circle areas) great places to short premium

Click for popup. Clear your browser cache if image is not showing. 

After a few strange emails.. more information.

When you write a put (short put option premium), you wish for the premium to be over valued. A premium is over values when the VIX is high and this is usually associated with price forming a bottom during a pullback. Therefore to get the best bang for your buck writing put options, you wish to pick bottoms in a up trend. 

RTT Plus cover RTT Market Timer. See if you can find the bottom picked by our mechanical timer. 

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net 

Investing Quote...

.."At long as a stock is acting right, and the market is right, do not be in a hurry to take profits"..

Jesse Livermore Trading Rule


..“By failing to prepare, you are preparing to fail”..

Benjamin Franklin

- See more at: http://www.readtheticker.com/Pages/Blog1.aspx?65tf=577_wyckoff-super-trader-karen-2012-06#sthash.AChmc9Vi.dpuf