Dan Fitzpatrick is an established technical analyst and trader. He is a frequent guest on CNBC, and his work is regularly featured on Jim Cramer’s Mad Money television show. Dan is also a senior contributor to RealMoney.com and produces the daily video series, ” Three Stocks I Saw on TV”. Fitzpatrick is a former hedge fund manager and has lectured throughout the United States on stock and options trading with an emphasis on technical analysis. He is a member of the Market Technicians Association and his take on the market has been quoted in the Wall Street Journal.
Dan Fitzpatrick’s Option Market Mentor is the culmination of more than a decade of teaching and corresponding with thousands of aspiring traders and investors with one common goal — to develop the skills necessary to succeed in the stock market. While all traders and investors share the common goal of success, most also make the same mistakes that prevent them from reaching that goal. They take big losses; they are cautious and under-invested at the wrong time, or aggressive and over-invested at the wrong time; they own the wrong stocks at the wrong time, or the right stocks at the wrong time, and they fail to take profits and instead allow large gains to become small gains. Option Market Mentor teaches Members how to avoid these common mistakes. Most aspiring traders have heard the Wall Street maxim “Cut your losses short and let your profits run.” Nevertheless, few traders are skilled in using the two essential tools necessary to follow that rule — trailing stops and scaled entries and exits. Mentor Members learn how to use these tools and develop the skill and discipline necessary to succeed in the stock market.
Professional money managers and traders spend countless hours sifting through trade publications, research reports, newsletters and websites to find those tidbits of market information and trading ideas that enable them to produce superior returns. This research is both costly and time consuming — most folks do not have the money or time for this much homework. Members of Option Market Mentor do not face this challenge. We subscribe to information sources costing thousands of dollars each month so you don’t have to! Aside from maintaining contact with a large network of professionals, Dan Fitzpatrick reads a massive amount of material each week including industry publications, stock market advisory newsletters and research reports. Through Option Market Mentor, he shares the best of the best. As a result, Option Market Mentor is both time and cost efficient.
The cornerstone of Option Market Mentor is technical analysis. Technical analysis is used by many, but understood by few. The simple truth is that technical analysis does not predict; it informs. By focusing on what the market is actually doing rather than what the media is saying, we use technical analysis to identify the sectors, industry groups and stocks with the most potential for profits. Tracking these groups enables Mentor Members to be in the right stocks at the right time. The focus of Option Market Mentor changes as the market changes. Simply put, we adapt to the market that is before us rather than cling to the strategies that worked last year.
While the astute and experienced chart analyst can see what is currently happening in the equities market, the application of chart analysis to unbiased fundamental and economic factors is a powerful combination. Not only can you see what the market is doing, you can understand why the market is behaving as it is. And with this understanding you gain confidence in your trading decisions.
Option Market Mentor also offers a Tutorial Learning Center with explanations of the various technical indicators used by professional traders. Many of these indicators are only useful when they are really understood. Dan Fitzpatrick has an ability to make the complexities of technical analysis accessible to beginners as well as seasoned professionals. The tutorials provide a more in-depth treatment of the indicators in an easily understood fashion, thereby increasing their effectiveness and accuracy for trading.
Video “Strategy Sessions” are published Monday through Thursday, with a longer series of videos is published in the “Weekend Update”.
Bridget Brown has been with SMM/OMM since 2015. After growing up in Ohio, she graduated from Embry Riddle Aeronautical University with a degree in Engineering Physics and was an officer in the US Air Force for 6 years. She first started learning how to trade in 2012 when her boyfriend encouraged her to take an online class. After she left the Air Force in 2013, she decided to really commit a lot more time to hone her skills.
She has had multiple mentors over the years help her develop her skills. Since she does not have a large account, she focuses mainly on options trading. Bridget had very mixed success with options for the first few years of trading. She seemed to be pretty good at reading charts and doing technical analysis but couldn’t turn that into profitable trades. It wasn’t until she learned the value of selling options over buying them that she finally started seeing some consistent success. She is also our resident ThinkorSwim expert.
Bridget considers herself more of a swing trader than a trend follower. Typically looking for stocks that are overbought or oversold and selling options against those moves. Her other favorite trades are the squeeze breakout and IPO trade. She frequently uses moving averages, MACD, Implied Volatility Rank and Fibonacci levels to aide in her trading.
She really enjoys teaching others about stocks, options, and technical analysis and has produced many tutorials that are in the SMM/OMM Tutorials section of the website.