bob-lang

Bob Lang

Founder and Portfolio Manager — Bob has been trading options for himself and private clients for more than ten years. He uses a unique combination of technical indicators to find the best trending stocks that exhibit enormous velocity and ferocious movement. He often gets in front of these moves before they happen. Patience is Bob’s greatest trait — the chart pattern being the only reason to enter/exit a trade. Prior to this venture Bob managed portfolios for bigtrends.com, turning Grandslam and Extreme Options into the strongest performers in the company. Prior to Bigtrends, Bob worked with floor traders at Countrywide Capital, which came after Aztec Partners Limited Partnership. In the 90's he managed the Sunkist Growers 300 million dollar pension fund.

  • CBOE Memories | Mar 7, 2016, 9:14 AM

    Trading Memories, Part 1

    Trading Memories, Part 1

    With the passion I have for trading, I remember many seminal events in my trading career. These memories run along the spectrum of the best wins to the most awful losses. I remember things that happened years ago with pinpoint accuracy, not because I like to reminisce over past glories or failures, rather these are embedded in my memory bank so I do not make the same mental mistakes twice. Let’s face it: trading is so much a mental game. We can overthink a situation to the point where we can[...]

  • Market News | Education | Strategy | Trade Ideas | Feb 28, 2016, 2:11 PM

    Bear Market Survival Tactics

    Bear Market Survival Tactics

    There should be no dispute by now that we are in the throes of a vicious bear market.  Oh, sure we can argue stocks are well above where they were back in the financial crisis, and many stocks have not even lost half of those gains.  Yet, current market conditions are such that the prices can go sideways or down for a long period of time.  If that happens, what will/should you do? At times it is okay to sit it out.  I do this frequently, especially after a rough spell. [...]

  • Market News | Technical Analysis & Charts | VIX | Strategy | Feb 16, 2016, 12:21 PM

    What to do When a Stock Crashes

    What to do When a Stock Crashes

    Recently we saw some epic declines of individual stocks after posting shaky earnings reports.  Topping the list was long-time growth name LinkedIn (LNKD), the social networking giant who saw its market value nearly cut in half after reporting weak forward guidance.  Tableau Software (DATA) had it even worse, falling nearly 50% on the same day.  We also witnessed other stocks with smaller but still significant declines (Hanes Brands, HBI and Outerwall, OUTR). This big money selling[...]

  • Market News | VIX | Strategy | Feb 8, 2016, 9:21 AM

    Market in Distribution Continues

    Market in Distribution Continues

    We started a new month this past week, but it was like déjà vu all over again.  The Groundhog declared an early Spring on Tuesday, a change in weather.  But regarding markets, you could have fooled me.  It was the same action we have seen for weeks on end, and it doesn't seem to be letting up.  The vicious selling last week was magnified on Friday after a jobs report that seemed indicate the Fed may be trapped.  I'm not so sure about that, but the market speaks[...]

  • Strategy | Trade Ideas | Feb 1, 2016, 9:51 AM

    Trading Tactics: How to Deal With a Slump

    Trading Tactics:  How to Deal With a Slump

    Self-realization is a good place to start in breaking a trading slump.  I know it seems obvious that when you're in a slump and trading poorly your results and account balance will reflect it.  Streaks work both ways of course, and when we are winning it is just as notable as when we are losing.  Understanding what is happening to you is awareness that may help you change some habits, which may also change your fortunes. When in a slump I will often take a break from trading, a 'timeout'. [...]

  • Market News | Education | Strategy | Jan 25, 2016, 9:12 AM

    Patience Will Pay Off

    Patience Will Pay Off

    Still trying to stab at that bottom?  Not a game I like to play.  Frankly, taking a grab at falling knives has proven more dangerous than fun.  This market is proving there is very little reason to step in and buy for any length of time longer than few hours, maybe a full day.  So many want to get in on this very oversold market.  Why?  Just look at last August and October, or October 2014 where deep oversold conditions existed.  Utilizing patience will serve you[...]

  • Education | Jan 19, 2016, 9:14 AM

    Fed Policy is Hawkish (No Foolin')

    Fed Policy is Hawkish (No Foolin')

    We have come to the point where Fed policy is really in a corner, and the only real way out is to distribute some pain to the markets. That has certainly been the message so far in 2016, but was certainly telegraphed over the past year or so, too. The Fed seems quite confident about the prospects for economic growth and the potential for rising inflation, enough they felt comfortable raising interest rates last month a 1/4 point - the first such move in nearly a decade. The minutes came out last[...]

  • Education | Strategy | Jan 4, 2016, 9:23 AM

    Doing a Post Mortem on the Past Year

    Doing a Post Mortem on the Past Year

    With the beginning of the year upon us, it is a time to reflect on what worked and get an understanding of how to fix what didn't work.  Let's face it, the market moves of 2015 were sharp, jagged and made our heads spin.  While we can look for explanations for why the markets made their moves, that may only just explain a little.  What really needs to happen is to see how we reacted, performed and find solutions to be better in the year ahead.  What do I do?  I do an analysis[...]

  • Education | Strategy | Dec 22, 2015, 10:52 AM

    Did the Fed Rate Hike Remove Uncertainty?

    Did the Fed Rate Hike Remove Uncertainty?

    If you believe that first move following the first Fed rate hike in nine years, then you believe the market was relieved exhaling.  In a perverse way, the market seemed to be applauding tightening of policy, which is counter to what we have seen for years.  Sure, the near zero interest rate policy (ZIRP) is still in effect, but the irrational behavior is quite remarkable.  While the overall monetary policy is accommodative, a removal of access via higher rates is hawkish behavior -[...]

  • Market News | Technical Analysis & Charts | Dec 16, 2015, 10:15 AM

    Stock Market Action Last Week Was Disturbing

    Stock Market Action Last Week Was Disturbing

    I often say there are a million reasons to sell, but only one reason to buy.  Last week, it seemed that any reason to sell was a good one and was valid (and used).  Friday's ugly pasting was the culmination of a setup earlier in the week the told us a rejection of prices was going to happen.  As we see in the 30 min chart from this past week early highs were rejected on a few occasions.  Further, there were several 'fakeouts' during the week where it appeared there would be some[...]

  • Strategy | Dec 8, 2015, 11:23 AM

    For The Fed, Timing is Everything

    For The Fed, Timing is Everything

    It appears we are about to see the Federal Reserve raise the funds rate for the first time in more than eight years.  The rate has been at/near zero for an astoundingly long period of time.  Yet, there is fear out there, most of it unfounded.  What if the Fed is so hawkish that they raise rates quickly as they have done in the past?  Of course, that is absurd if inflation stays low and the Fed has said as much, but should we believe them?  If policy is set by the smartest[...]

  • Strategy | Dec 2, 2015, 1:53 PM

    Psychological Barriers - Fear of Missing Out

    Psychological Barriers - Fear of Missing Out

    One of the four fears of trading is the fear of missing out. The late Mark Douglas, author of ‘Trading in the Zone’ talks about the relevance and how to overcome the four fears of trading, this one being the most important. Oh, the regret we feel when a trade goes away from us. I’ve felt it many times, so have you. The pain from not participating seems worse than that of getting punished on a bad trade. In options trading you can easily miss opportunity, kicking yourself all the[...]

  • Market News | Nov 24, 2015, 10:29 AM

    Paris Terrorist Attack Generated Another Market Dip

    Paris Terrorist Attack Generated Another Market Dip

    After last week's horrific Paris terrorist attack, many had expected markets to fall sharply when they opened for business the following Monday.  Sure enough, when the futures opened for trading that Sunday evening we saw prices fall sharply, but they managed to recover and open positively.  That led to a massive rally on that day and paced the markets for the rest of the week.  In fact, the stock market had its best weekly performance of 2015, the SPX 500 rising more than 3.3%. [...]

  • Strategy | Nov 18, 2015, 10:00 AM

    Timing That Top or Bottom?  Forget it! (Unless Perhaps You are Gaming the Fed)

    Timing That Top or Bottom?  Forget it! (Unless Perhaps You are Gaming the Fed)

    We would all love to continually call tops and bottoms in markets and be correct. After all, with that ‘magic’ we could never lose, right? Sell at the exact height of a bull run, get in at the bottom of a bear move. While that can be possible to do from time to time, nobody can call a top or bottom correctly on a regular basis. With so much emotion, psychology and irrationality there is just not a clean path to calling a top or bottom. Charts and technicals certainly are helpful identifying[...]

  • Strategy | Nov 10, 2015, 2:22 PM

    The Perils of Following A Hedge Fund Manager

    The Perils of Following A Hedge Fund Manager

    We are all looking for that edge when investing or trading, that one little nugget of information that will over time transform our stake into that pot of gold.  Sometimes that edge is provided by following the big money flows, and when a big money manager is taking a position either short or long we often want to ride his/her coattails, especially when they are so 'generous' to let us know.  The notion that fund managers are much smarter than us and must have some sort of 'information'[...]