Happy Fathers Day

Markets finally stalled last week get ready for a continued uptrend. I have been thinking about eliminating some stocks and adding others to the Fast Money Trading for some time now. Last couple of weeks I ask some of the old prose if there were any stocks that they thought we should take a serious look at.  The responce was about 12.  After consideration and monitering for past couple of weeks I have settled on J C Penney (JCP) and Sprint (S) to replace Ford (F) and AIG.. Lower priced stocks means a few cents can make out goals.  They have the volume and volitity.  Friday I put both on the radiar and traded S.  That gave me one of the best days in a long time in fact the best week this year.  Both stocks are having great volume and high vololity.  Similar to BBY.  So if you have been watching you might want to change your charts to reflect those 2 new additions. 

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0 

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0 

 (FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad.  But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you.  I believe each of you can do the same thing it takes discipline.   Remember me talking about trading/investing is like running a business? 

So how did we do this past week with SLOW MONEY OPTIONS?  Well the SPY trades credit spreads worked and I should have stoped there but I also put on AAPL put credit spread that ended up costing me about 4%  Again following my rules.  Some times we question outselves but In my 40% years of trading I have learned that with out rules your are like the 95% of the people who loose daily weekly and monthly.  Dont have huge capital gains tax to pay at end of the year.  Yea rules are for winners and professional chaders. Remember you will live to trade another day if you don't get greedy and learn to take a small loss to be right.  I'm in this for the long hall and will not take undue risk. 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.