Gaining an Edge by Finding “Scarce Information” is Guy Cohen’s Secret to Success, Ep #137

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15 Price Action Patterns Insiders are Using If a hedge fund managers were using 15 specific price action patterns would you want to know?

Guy Cohen is the creator and originator of the unique OVI (Options Volatility Indicator) and the founder and CEO of the WiseTraders platform. Every single day, tens of millions of dollars-worth of stocks and options are being traded by professional money managers and home-based traders using Guy Cohen’s OVI systems. Specializing in stocks and options, Guy is passionate about unlocking the power of “scarce information”, and his mission is to help others achieve similar success trading the US stock market. Guy’s client list includes the NYSE and professional money managers.  He has also written several best-selling trading books, published by FT Prentice Hall and Wiley. His expertise originates from an MBA in Finance at Cass Business School in the heart of London’s financial district, but his unique appeal is his ability to communicate proven concepts, empowering you to trade them yourself. Today, Guy is a trusted guide, providing an array of services to private and professional traders alike.  In this episode of How To Trade It, Guy talks about learning to be discerning and only choosing the very best trades, so you can maximize the probability of making huge gains. You don’t want to miss it! GuyCohen, @WiseTradersOVI, says that part of the risk management process is not being “busy” when the markets are experiencing difficult times. Join us on this episode of How To Trade It to find out more! #Options #Volatility #BullPutSpreads… Click To Tweet

 

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You’ll want to hear this episode, if you are interested in…

  • [03:40] From Real Estate to Trading Options
  • [05:41] Big discoveries
  • [06:55] There’s no magic in risk control
  • [07:16] Where do you take profits
  • [08:42] Tech companies
  • [09:55] Momentum
  • [10:54] Options data
  • [12:20] Three things to look for on a chart
  • [15:40] What are shrinking retracements anyway?
  • [18:15] OVI
  • [21:00] 3 of the Master Keys of Trading
  • [24:20] Managing risk with deep-in-the-money calls
  • [26:48] Bid-Ask ratio
  • [29:28] Institutional-grade testing is a must
  • [30:18] Options strategy software & education
  • [32:52] Better than the next big thing
  • [37:05] Smart leverage

Easy to understand

Guy started trading stocks because of their simplicity. You have a unit in a company…if that company performs better than expectations, the shares are going to go up, and if the company performs less than expectations, the shares will go down. So, from an intuitive point of view, that’s basic information that is easy for anyone to understand. 

Managing risk

Whether you are trading stocks or deep-in-the-money calls, your risk management is basically the same. You should use your established trading plan, with tight stops, a set-up based on the Big Money Footprints, and consider the current market conditions.  When the market is choppy, it’s wise to not be as busy as when the markets are smooth and you can take more or larger positions. Learning to be discerning is a critical part to achieving success.  

    

Resources & People Mentioned

Connect with Guy Cohen

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Disclaimer: Trading carries a high level of risk, and may not be suitable for all investors. Before deciding to invest you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment. Therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

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15 Price Action Patterns Insiders are Using If a hedge fund managers were using 15 specific price action patterns would you want to know?

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance.

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