Sunday, September 29, 2013

OBAMACARE or does Obama care?


Monday the marketw could have a huge sell off in anticipation closing down.
Im not sure what will happen Monday evening, but the "House" sent a bill back to the Senate with Obamacare remifications attached to it.  The Senate said the bill is dead and the President said he will not negoiate.  Were in a heck of a mess . . . . .  So lets  take a short history lesson to see what could happen.  Seems we have been down this road 17 times in the past.  No this is not the end of the world or whatever your thinking.  Mostely Washington will feel the hipe.  The President will decide what will hurt the opposition and strengthen his position when he decides what to cut and not.  For sure there will not be any congressional leaders missing paycheck or perks.  And the beat goes on . . . . . 

So how did we do this past week with SLOW MONEY OPTIONS?  My trade on the SPY.  I took  a 9% gain and look at  the chart. .  . Well I learned something just now cant put a chart in this blog if it is in a .pda format.  Well I'll try to explain any way. At about 8:45 CST friday the SPY diped for 1 minute down to 168.5. Yea I was concerned after gathering my thoughts I could have done several things with my rules, get out, roll or watch the bollenger bands and the RSI.  I choose to watch the bollenger bands and the RSI I am glad that I did because they told me to wait besides I had the time factor on my side.  This was a good example of watching RSI in conjunction with your bollenger bands as we have discussed in the past.   My AAPL
 call generated 7% and my AAPL put generated 6%. Not much excitement and that is always what I prefer.  

Remember always take 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.