|
Last week we sure had a wild ride!
 Of the five days we traded, (I only traded 4) four of them had greater than normal swings. This made for a challenging week.
The big culprit that rattled the market last Thursday is something that we need to be aware of this week-- the geopolitical activity taking place between Russia and Ukraine.
Of particular interest are the sanctions that the United States and the European Union have been pressuring Russia with. Toward the end of the week, it was said that both the US & EU were tightening up their sanctions against Russia in financial services, energy, defense and related materials sectors.
Russia has played its trump card. It did not take the new sanctions lightly and threatened to cut off oil to EU. It looks like the country is going to be in it for the long haul and do not be surprised if we see a "rhetorical buildup" this week that also has an influence upon the markets.
Well, why did the markets go up Friday?
This is a very good question. Option traders-it is important to identify patterns in the market. It appears we have regular pattern taking place that there are many investors out there that continue to look for opportunity on dips. The huge drop on Thursday opened up the opportunity for bargain hunters on Friday and that's exactly what happened. For this reason do not be surprised if we see large swings up and down the near future.
I will trade the entire week but will not trade the following first 3 days of next week! Im going on vacation to the sunny beaches of Florida.
Last week I traded the SPY call spread and made 4% and traded the Put spreads making 4%. Your welcome Anthony. I also traded the APPLE call spreads for 6% and the put spread on APPLE @4%. Repeating myself but you should have the weekly charts up on these stocks with bollenger bands. Oh and don’t forget the big red lines Ive told you about it keeps you from getting into trouble.
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?
No comments:
Post a Comment
I hope you will learn from my years experience as a professional trader.