If I have said one thing that you should remember it is this. If markets seem to high you should probably sell and if they seem to low you should probably buy. Were talking extremes here please don’t forget I hat to see you get burned but to each his owns will live.
Last week I traded the SPY call spread and made 9% and i also traded the APPLE call spreads for 8% and the put spread on APPLE @4%. Recognize this chart. You should it is what Im trying to teach you pay attention to the parallel RED lines @ 98 and @ 94 if you did the puts or the calls there is where you would have gotten into trouble. Notice it is a 5 day 30 minute bar chart with bollenger bands. Altho the bands did not show up as clear as I had hoped you can see that around 95.5-96 AAPL was going to turn UP.
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?
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I hope you will learn from my years experience as a professional trader.