Futures Radio Show with Anthony Crudele

Ep: 120 Evolve With Markets, Adapt to Your Lifestyle

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Ep: 120 Evolve With Markets, Adapt to Your Lifestyle
#FuturesRadio

 
 
00:00 / 35:00
 
1X
 

Guest:

Alan Knuckman

CME and CBOE TV Financial Commentator, Chief Market Strategist at Bulls Eye Option

Record Date: 3/28/17 

Dear Traders,

Today I spoke to a man that moved to Chicago for an advertising Job, then became fascinated by the trading floor.  He was waived down by traders on the floor who asked if he wanted a job as a runner.  He moved on to a clerk position and then floor broker.  He is regular guest on Bloomberg giving market commentary and today he holds the position as the chief market strategist at Bulls Eye options. His name is Alan Knuckman.

[bctt tweet=”#FuturesRadio ‘I’m always looking at the correlations to see how markets are reacting in relation to each other. We’re taking these factors together to help determine the macro relationships of markets” username=”AlBk2Comodities”]

Alan explained why he believes this is THE best time in history to be an investor or trader. We discussed why ETF traders having been moving into Futures and Alan & I talked about his process in trading Options on Futures.  We also chatted about the VIX and how Alan uses it in his trading.  Finally, Alan explained to us what I called the three C’s…Commodity, Correlation Clues.

We had a great conversation about coming from the trading floors and how he has evolved with the markets over the years.  Hes a great guy and I know you will enjoying hearing his insight on trading the markets.  Thank you all for listening and please enjoy this episode.

Take-a-Ways:

  1. Why Alan believes this is the best time in history for people to get involved in trading and investing in the markets.
  2. ETF’s vs Futures. He believes it all comes back to commodities. Why Alan has a saying, “It all comes back to commodities…”.
  3. Implementing options into your trading. Alan’s process to trading options, and some rules to follow.
  4. How to use “Commodity Correlation Clues” and watching reactions when certain markets move. Importance of noticing when markets DONT move and when they DO move.
  5. How Alan implements the VIX into his options strategy. Why he’s been ultra-bullish for the last 8 years. His strategy of selling cash secured puts.

Rapid Fire:

  1. How has your trading evolved over the years?
    • I’ve moved into options so I can adjust my lifestyle, and spend more time with family.
  2. Can you tell me the moment that trading just clicked for you?
    • When I switched to strictly options.
  3. What’s the number 1 source you spend your time on?
    • All sources online. Stay disciplined, stick to your plan.
  4. Favorite Book About Trading:
    • Superior Heartland. How commodities go up and down. Psychology.
  5. Favorite Movie About Trading:
    • Stay’s away from movies about trading. A lot of it is false.
  6. Best Advice Ever Received About Trading:
    • Learn to look big picture. Be a cornerback, don’t worry about the last play look forward. Start small, work your way to become a bigger trader.
  7. Advice to Give to Others About Trading:
    • Get into it. Take a loss. Learn how it feels. Divide your account into slices of pie. It’s all about probability. One loss is not going to define you then. It’s about being successful for weeks months and years.
  8. If you weren’t a trader you’d be what…
    • He produces a bone in Chicken Rib.

Resources:

Quotes:

  • “Start slow when first getting into the markets. They will always be there. Understand the process beforehand…” 4:45
  • “Have your discipline, and execute your discipline because there’s so much liquidity in these 24 hour markets. You can put in your stops and get knocked out or take your profits…” 7:00
  • “The markets either going up, down, or side-ways. There are different strategies to take advantage of that. Try and make it simple…” 15:00
  • “I’m always looking at the correlations to see how markets are reacting in relation to each other. We’re taking these factors together to help determine the macro relationships of markets…” 30:00

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