Sunday, May 12, 2013

Bears are a losing . . . .


Were in a BULL market . . . . . REMEMBER . . . . . .  

Wow another record week and why shouldn't it be? GNP did not slow down, Fed will announce that they're continuing buying. Earnings reports will be good.  Ladies and gentlemen there is no slow down of good economic news.  No big sup-prizes but gentle nudges on the market forces to continue northward bound. There is an old saying, "dont fight the tape".  The reason old sayings are still around and are old is that they work and that is something that should be in your traders notebook.

So how did SLOW MONEY OPTIONS do for the week?  I had announced 3 trade recommendations on Thursday.    My Spreads on AAPL calls there targets.  the one SPY spread went along as planned very conservative. The AAPL calls worked with out a hitch. But I have to admit that the AAPL put spread early Friday morning gave me a bid of a hert burn.  Just remembering that if all indicators would stable lise by noon I was going to be OK. and then the stock started to rise and RSI continues to rise and volume continued upward.  All ended well. Remember always do the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time.

Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members. 


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I hope you will learn from my years experience as a professional trader.