Prepare for big drop in markets as GREECE prepares to default on its loans.

 I have decided to take a summer vacation during the week of June 15 through June 20. Its summer time.

This week in the news is the GREEK debt. Seems a few years ago Greek wanted to stay in the Eurozone and asked for a government bailout, and received very lenient one. Greek seemed ok with the terms but made no concessions for the tough rules that needed to apply and cutbacks to its people. Greek treated the bailout funds not as a loan that must be payed back but more as

an entitlement and gift.  They even voted out the party that secured the bailout loan with one that said we will continue giving you more and more free benefits with out so much of a word.  Last week the Greek government gave there lenders a plan for payback but seemed not serious. The eurozone was furious and has threatened to kick Greece out of the Eurodollar and the Eurozone which will put Greece in default and back to a 3rd world country.  Everything costing Greece many times more and wether they want it or not hard time will come to all Greeks in the event this happens.  There Bonds are not yielding 25%+ and few takers.  It is going to get a lot worse before it gets any better for the citizens of Greece.  Seems we never learn but history does repeat itself and when were in the mists of it think that it is not effecting us or some now it is different this time.

Don’t forget to run you investment or trading business like a business, PLEASE.

So how did we do for the last weekin the Fast Money Trading Team trading room  several made records amounts of money most hit there daily goals I made $1366 despite Monday a loosing day and Friday stopped out with 0 gain/loss. You can look below and review.  Slow Money Option Trading   Only had  Puts spread on AAPL and made 9% on SPY had the put spread netted 6% and also did the call spread that netted 5%.

Come on let me teach you how to Fast Money Trade.  I have had hundreds 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?