Trade Like It's the Final Four

This is my favorite time of year for sports: the NCAA basketball tournament, or March Madness. The tournament is wonderfully balanced -- any team can win on any occasion -- and while a No. 1-seed has never lost in the first round, I suspect at some point that will happen. I love to see the underdogs win, even if it kills my brackets. I play the higher probabilities, even though the long shots do the most damage.

As we journey through the markets, we also should look for the best trade probabilities but always remain aware that long shots exist. It's not so bad playing those, and when they hit, the payoff can be substantial. As options traders know, even the low-probability trades do come in, and the leverage with options make for very nice gains, but we don't look for those on a regular basis....280 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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