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About

Michael Collins
Michael Collins

The Rational Speculator helps traders and investors beat the market by utilizing simple strategies, products, research and cost-effective technologies. My name is Michael Collins and I am an engineer, writer and trader. This blog details what has worked for me during my 20 years of investing and trading. It will save you time, money and frustration. There are many potential pitfalls on the journey to becoming a successful investor and trader. Some of these pitfalls can include unscrupulous newsletter writers and other conflicted industry ‘experts’, outdated trading technologies, self-dealing or unqualified financial advisers, bloated fees and fear-mongering. Many are lead to believe that managing their own accounts is too complicated or too time consuming or they have been advised to place their money into index funds by asset gatherers. What happens when the market stops going up and then starts going down? Most likely the ‘professional’ advice will be to persevere and sail through the storm. In my opinion, there are much better approaches. I would rather be in charge of my own destiny. Improved trading technologies offering lower fees and capital efficient products have leveled the playing field with the real pros. The cost-effective availability of first rate macro and specialty research adds true confidence. I look forward to demonstrating how I use these offerings to implement strategies to beat the market.

I post Commentary on the blog that explains my rationale for successful trading, identifies opportunities or highlights other finance related topics. Trade posts are the most frequent type of post. They usually detail the selling of options or the use of futures or options on futures. Each post is tagged as Opening, Adjusting or Closing. Adjusting means that I am extending the trade by employing defensive techniques to increase the probability of closing the trade out as a win. In general, Speculation posts feature trades of deeply out of favor equities that involve significant hold periods. Each Speculation post is tagged as Opening, Increasing, Decreasing or Closing. The Still Open tag is used to identify Trade and Speculation opportunities that are still in play.

I do not cherry pick trades. Each Trade or Speculation initiated on the blog is followed until it is closed and there will be losers. Results are updated as positions are closed out. I show raw returns such as $500 gain per contract or $300 loss per one lot. I do not calculate percentage gains/losses as these calculations are prone to abuse making level comparisons difficult. I try to post as close to real time as possible so I recommend that you check the website frequently for updates. You may sign up for a daily summary of posts which will be emailed to you. Your email will be kept private. Please read the site’s Privacy Policy.

This blog follows my Trades and Speculations and is not a recommendation of what I think you should do with your money. I am an independent trader and not an Investment Adviser. Please read the Disclaimer and Terms and Conditions.