In just a few short weeks, forex and options traders will head
to Las Vegas for the
Forex & Options Expo
. Scheduled to take place from September 13 through September 15,
the Forex & Options expo features more than 40 speakers. From
Rob Booker and Jack Crooks to Kerry Given and Dan Passarelli, this
is the can't-miss event of the year for forex and options traders.
"It's a great chance to meet a lot of like-minded people that are
interested in options," said Joe Bell, Senior Equity Analyst at
Schaeffer's Investment Research, who will be attending the expo for
the first time this year. "We specialize in sentiment, and we think
that's one of our niches here, and we think that's something a lot
of people don't focus on. It's something we're trying to get the
word out for our company and also a good chance to network and meet
up with individual investors that are interested in the same things
Brad Reinard, the Editor-in-Chief of Monthly Cash Thru Options
LLC, decided to attend the show when his company started to expand.
"It's time to shake hands and get in front of customers," he said.
"Ninety-nine percent of my customers and their actions are on the
phone or the Internet. So we're primarily an Internet-based
Reinard will present three times during the event. His topics
include "Options Trading Tips, Tricks, and Strategies from the
Experts," "Why Index Credit Spreads and Iron Condors Can Complement
Any Portfolio," and "How to Improve the Consistency, Safety, and
Profitability of Index Credit Spreads and Iron Condors."
When Bell presents, he will focus on one key topic: "Utilizing
Sentiment for Your Trading in a Hedge Fund Dominated Market."
"Essentially, I'm going to touch on the herd mentality," Bell
told Benzinga. "The reason why we think [sentiment] is useful. The
dangers of groupthink, and if you can see some of the dangers of
groupthink and how the crowd isn't necessarily always correct when
they have this same mass psychology."
Bell aims to teach expo attendees how to gauge investor
sentiment and use it to their advantage. "If you know what the
crowd is thinking, you can sometimes use that as an edge," he said.
"One example would be stocks that have strong fundamentals, that
performed well, and technically have strong price action. But yet
they have a lot of doubters and people betting against the stock.
We think that represents a lot of sideline money, or potential
buyers, in the future.
"We're gonna touch on all the skeptics and explain what
sentiment means and how it works in the market. Then I'm gonna go
into some specific indicators that we look at for trade setups, and
sort of touch on how the sentiment indicators have changed over the
years with respect to how we see this as a hedge fund-dominated
market and how some of the traditional sentiment indicators need to
be adjusted a little bit on how you analyze them because the hedge
fund traders are dominating in this market."
(c) 2012 Benzinga.com. Benzinga does not provide investment advice.
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