Lazy hazy days of summer, but I got to trade.

With the return of hot and lazy days of summer it is getting harder and harder for me to write about my trading and thoughts.. Come on cooler weather.  

Well last week the US stock market reached new heights again on the back of good corporate earnings.  Investors are hoping the market continues to go up on the good news of the low interest rates, good economic data and a strong economy.  We are also going to have to be aware of the geopolitical developments between Russia and Ukraine. Between the downed Malaysian airliner and our attempts at new sanctions against Russia, I am sure it will have some sort of mild influence upon market movement this week  So far, second-quarter corporate earnings have been better than expected. If this can continue to be a good shot in the arm for the markets.  With all this good news, I do need to mention how it could affect the markets in a bearish way.  If the labor markets continue to improve more quickly than the anticipated rate, I would not be surprised if investors see a rise in interest rates sooner than currently expected.  All we know is that interest rates are projected to rise somewhere around the summer of 2015. If the possibility of this happening faster becomes real, it's going to have an adverse affect upon the markets.

On the economic front, it looks like we have a good mixture between the European Union, China and the United States throughout the week. As the week progresses, we will be heavy on Germany and Great Britain's manufacturing and GDP.  The United States continues to be light. We will be looking at new home sales Thursday morning and then core durable good orders before the markets open on Friday.  But it appears the economic calendar for the United States is pretty light again toward the end of the week. What does this mean for trading?  It means we really need to be aware of geopolitical activity that could influence the markets as well as following Germany and Great Britain. With the summer months not providing a lot of trading and low volatility, the markets are susceptible to broad reactionary swings. These are the types of things that can really hurt traders if they are not aware of what's going on in the world that can affect the markets.

Last week I traded the SPY put spread and lost 4% and i also sold the AALP put spread and made 6%  Incidentally, the SPY has grown this year close to 6.5% while our weekly option program is well over 20% so far.

Come on let me teach you how to Fast Money Trade.  I have had several hundred students over the years most are successful but not all.  Some are willing to learn and let me help them and follow this new way to trade.  Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things.  All I ask is have a open mind listen and ask questions.  Making my daily goal of $250+ on average on a weekly basis will give me  somewhere around $60,000 year.  This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results.  This is a teaching site.

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? 

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.