How does monitoring intraday chart patterns help one’s option trading? Sosnoff would call it engagement; I think of it as piano lessons, little finger exercises in chart reading. I’ve watched computers and traders faithfully play out the technical patterns on weekly, daily, four hour and minute time frames. Perhaps as in the piano, the finger/ chart patterns repeat, and reactions and performance alike can become more relaxed and assured. Also, I fear more than losing money losing track of the market. Emotions associated with loss can cloud one’s capacity grasp the next big trade. Nonetheless, reading the size of movements and their relationship to our calendar of choice days for trades, viewing simple movement averages, and eyeing always the relative position and trend of the VIX are more important to options traders.