This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

TheStreetMONSTER Conference Kicks Off

NEW YORK ( TheStreet) -- TheStreet kicked off its TheStreetMONSTER investment conference with a bang today, demonstrating how retail investors can keep up with professionals to get an investing edge.

Held at the Hilton in midtown Manhattan, presenters included Dan Fitzpatrick, Jill Malandrino of TheStreet's Option Profits, Mark Sebastian and others, teaching the attendees about technical analysis, options trading, and using volatility as an asset, instead of a detriment.

TheStreet, along with OptionMonster, put on the conference to teach the ins and outs of some of the more complex strategies investors use to hedge their accounts, as well as benefit from the explosive moves seen in options trading.

Fitzpatrick talked about some of the basics of options, including what the "Greeks" mean, and how they can help, or hurt, an options trader's strategies.

Malandrino and Sebastian talked about the benefits of Options Profits, the options trading service provided by TheStreet. They talked about risk-reward control, and knowing your comfort level with volatility. They also mentioned that averaging down is a losing strategy, and that sometimes the markets work against you.

As a trader, most people would agree that making money is the most important part of the job. It's the definition of success in the business. However, John Carter of Simpler Options reminded conference goers that there is one thing that is more important than making money-- that's limiting losses. You must not be afraid to get out of a trade that is not working. Be disciplined.

Option traders rely heavily on volatility information to come up with trade ideas, according to Chris McKhann, analyst and writer for optionMONSTER. The CBOE Volatility Index, or VIX, was created to measure the volatility of the S&P 500. Often the VIX is called the fear index, but in the eyes of traders there couldn't be a worse way to classify it. Instead they prefer to call it what it is - a volatility index. The reason it has gotten the fear index title has to do with the inverse correlation it has with the market, i.e. if the market is crashing, volatility increases and the VIX goes up.

Another misconception about the VIX is that it can be traded. This is not the case. It is a statistic, not a trading vehicle. You can, however, buy the underlying VIX products, such as the various ETFs based on it. Some of the presenters at the conference have given numerous trading ideas on these products on the OptionsProfits website as well as deep dive analyses into the art of understanding volatility and how to use it in your trading strategy.

-- Written by Chris Ciaccia and Lindsey Bell in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%
TSLA $185.00 0.00%
YHOO $45.10 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters