Guest View
User: Pass: | become a member

About

Statement of principles

What makes us different from other trading websites and investment newsletters?

  • Value. Your monthly subscription costs about as much as you pay your broker for one or two option trades.
  • Accountability.   Unlike other sites, we don’t just drop trades and walk away.  Phil Davis, David Ristau and Optrader are on-line most trading days to talk to you live.  How’s that for backing up our trade ideas?  We follow our trades through from open to close and we’re there for you to help analyze your own trades and look for ways to improve them.   
  • Exclusivity. You can’t make trades with 10,000 other people – it just doesn’t work! We limit our membership to give everyone a chance to pick up the positions we spot.
  • Community. Come for the great calls…stay for the great conversation. Our active daily forum is unique – no other investment newsletter or trading service has such a busy community of informed members offering their own opinions, ideas, and input.
  • Phil is often an active participant, not just a name on the marquee. If you’re an amateur or professional trader, you’ll find that our members are some of the smartest and most experienced around. No matter who you are, you’ll benefit from the dialogue our subscribers have with each other every single day.

A message from Phil:

There’s nothing I hate more than people who tell you what you would have made if you had done some perfect entry and perfect exit on a trade they vaguely recommended out of dozens that didn’t work out. It’s never going to happen here!

We keep a running archive of every single post and ever single trade idea since November of 2005 so you can see for yourself what you think of our picks! Do I need your credit card so you can look? No, why should I – the work should stand on their own. If you think they would have helped you in the past then you may decide on your own whether you want to sign up for our daily live site.

How can we give all that away for free? Because our performance is not a fluke, we do this all the time and we’re pretty sure there will be brand new trading opportunities for us tomorrow – the old ideas you can keep with our compliments!

This is not your run-of-the-mill dry, financial reporting! According to Google, there are 11,500,000 stock picking pages on the web and they all think they’re smarter than us… We don’t try to out shout the masses – we just try to have some fun and make some money!  Now I’ve been told by marketing experts that I need to put in giant letters that say we make more trades, more often than most newsletters (we do), that I should make a big deal about how we try to pick real, well-known companies that are fairly liquid so you can get your money in and (more importantly) out and I’m supposed to make a big deal about beating the markets month after month (we do). I’m not going to do that…

When I used to look for a financial newsletter I would always read that stuff and go “blah blah blah” in my head until I found some kind of sample of the actual trading. Well, we give you full access to our posted trade ideas and, when you sign up for a FREE trial of the PSW report, you can even view EVERY SINGLE comment and trade idea in our premium member chat from the past 7-30 days.  All the winners and all the losers, not just selected “samples”. There’s also a weekly update free, right on this site and you can take a look most Fridays or Saturdays for yourself and you can check out my style for yourself and decide if it would annoy or please you to read me every day.

All right, so I’m not good at marketing – but that’s not why you’re here is it? I am an amateur investor, like you, who just got sick of all the BS I was getting from all the “professional” services and I decided to start my own. I’m not a broker or a pro trader and you would be nuts to make any trade you read about here without consulting a professional financial advisor as to its suitability for your virtual portfolio… But, if you like to talk about stocks and pick up some tips that might work without all the hype and nonsense – come join us!

So why listen to me? I do have sort of a knack for spotting trends and picking winners and I’m happy to share what I know with you. No other reason. Nothing bad will happen to you if you don’t sign up with us – there is no pressure and this is not a limited offer. Come back any time we are accepting new members – the door will always be open. Looking forward to meeting you, – Phil

 

Zero Hedge

Guest Post: Why Our Currency Will Fail

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Submitted by ChrisMartenson.com

Why Our Currency Will Fail

The idea that the very same economic forces that are currently plaguing Greece, et al., are somehow not relevant to the United States' circumstances does not hold water.  As goes the rest of the world, so goes the US. 

When we back up far enough, it is clear that money and debt are there to reflect and be in service to the production of real things by real people, not the other way aroun...



more from Tyler

Chart School

Fed Intervention and the Market: A New Update

Courtesy of Doug Short.

About 4 1/2 months have passed since the latest Federal Reserve intervention, Operation Twist, was officially announced on September 21. We've now seen several bouts of aggressive Fed attempts to manage the economy following the collapse of the two Bear Stearns hedge funds in mid-2007 about three month before the all-time high in the S&P 500.

Initially the Fed Funds Rate (FFR) underwent a series of cuts, and with the bankruptcy of Bear Stearns, the Fed launched a veritable alphabet soup of tactical strategies intended to stave off economic disaster: PDCF, TALF, TARP, etc. But shortly after the bankruptcy filing, the Fed really swung into high gear. The FFR fell off a cliff and soon bounced in the lower half of the 0 to 0.25% ZIRP (Zero Interest Rate Policy). The thud to the FFR bottom coincided with the first of two rounds of quantitative ea...



more from Chart School

Insider Scoop

South Korean Opposition Threatens to Scrap US Free Trade Deal

Courtesy of Benzinga.

South Korea's opposition leader threatened that if her party wins the race for president, it will scrap the free trade agreement between South Korea and the United States.

Democratic United Party (DUP) chairwoman Han Myeong-sook said that unless the current government revises certain clauses in the free trade agreement, her party would be forced to repeal the entire free trade agreement if it wins the next election. The DUP also sent letters to United States President Barrack Obama and other leading American politicians requesting that they look into the matter.

The opposition says that one of the clauses in question, which Han Myeong-sook called "poisonous", would allow American companies to circumvent South Korean courts a...



http://www.insidercow.com/ more from Insider

Sabrient

Sabrient Risers - 2/8/2012

Top 5 RisersStockRatingAnalysisXBUYThe projected value for US Steel is still rising quickly even though past earnings have already improved significantly.CMISTRONGBUYMany analysts are expecting higher than previously expected long term growth from Cummins, and its near-term earnings outlook is also improving.CAIBUYCACI is one of the top candidates projected to achieve both higher than previously projected earnings in the short run and a higher earnings growth rate in the long run.ANBUYProjected value continues to rise for AutoNation while long term increases in earnings growth are also becomin...

more from Sabrient

Phil's Favorites

Postponed Due to "Political Suicide"; Flag of Germany Burned, Could This be a Trigger?

Courtesy of Mish

Greece bailout talks that were postponed on Friday to Saturday, then Saturday to Sunday, then Sunday to Monday, then Monday to Tuesday. They have been postponed again, this time for a reason that makes perfect sense "Political Suicide".

The New Work Times reports Greece Puts Off Decision on Austerity Measures Amid a Strike Protesting Them

As thousands of Greeks walked off the job in a general strike on Tuesday to protest stringent new austerity measures, there was a growing sense that the country was reaching a critical point in its efforts to survive the debt crisis. 

Greek political leaders postponed for yet another day a decision on an ...

more from Ilene

ETF Selector

Index ETFs Like Greece? (SPY, DIA, QQQ, IWM)

Courtesy of John Nyaradi.

Major Indexes and Index ETFs rose today on “Greek” hopes and European solution.

Major indexes cheered in hope today for a possible Greek solution as the S&P 500 rose .2%, the Dow Jones Industrial Average added .26%, the NASDAQ Composite scored a .07% increase, while the Russell 2000 Index dropped -.12%.  Major index ETFs of course followed along as the SPDR S&P 500 ETF (NYSEARCA:SPY) increased .25%, the SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA) rose .3%, the PowerShares QQQ Fund Series 1 E...



more from John

Market Montage

Grinder of a Day

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

It finally looked like some sort of selloff may occur this morning but ONCE AGAIN the "buy the dip" crowd was rewarded.  At these levels of overbought I am now officially falling into the shocked camp that the same ploy can work day after day without fail.  I can't remember the last time the buy the dip crowd was punished.  Generally the market does not reward the same behavior this often.

As the market goes higher and higher into the ether, generally you want to tighten stop losses so you don't get caught red handed on a reversal but this morning's selloff was just deep enough to capture some of those…. which of course after the ...



more from Mark

All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David

OpTrader

Swing trading portfolio - week of February 6th, 2012

Reminder: OpTrader is available to chat with Members, comments are found below each post.

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here

Optrader 

...

more from OpTrader

Stock World Weekly

Stock World Weekly: The Relentless Pursuit of Meaningless Metrics

NEW: Elliott and Ilene are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest Stock World Weekly, called "The Relentless Pursuit of Meaningless Metrics."  

...

more from SWW

Option Review

Jobs Report Drives Heavy Trading Traffic In Ford, General Motors Options

 

Today’s tickers: F, GM, MAS & GILD

Options commentary to resume on Wednesday February 8th.

...

more from Caitlin

IRA Strategy/Income Trader

Weekend Virtual Portfolio Update 1/30/2012

Here is a quick update of past trades and our current position. AA Money No trade this week as we wait for AA to settle. Phil remarked last week that AA seemed overvalued. In the meantime, it looks like we might have to roll our Feb 9 calls. Good thing we sold only 5 of them against our position. Last week P&L - 310.00 We lost ground last week, but we still have 11 months to sell premium! FAS Money Very good week for FAS Money as we benefited from the large amount of premium sold the previous week. We covered most of the shorts in advance of the Fed speech, but sold another set of options on Wednesday after the speech - 2 FAS calls that expired worthless on Friday, 2 FAS put that we are still holding and 2 FAZ put that we bought back for a profit on Friday. A late stick comparable to last week's almost gave us problems at the end of the day though! Last week P&L - $4277.00 IWM Money A decent week in this virtual portfo...

more from Strategies

Pharmboy

Biotech Investing for 2012

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Finding new and exciting Biotech companies that target novel mechanisms is like trying to find a needle in a haystack.  Sure there are many companies working on cutting edge science, but investing in those companies to reap the rewards of their work is a very dangerous game.  More often than not, companies fail because the mechanism does not pan out, the compound(s) do not have pharmacokinetics (get into the body or last very long in the body), or an adverse event happens that knocks years off a development timeline.  In addition, the stock can be manipulated by market makers so investors don't know which way is up.  I approach investing in biotechs as a long term prospect.  I continue to like our current portfolio of biotech companies (join in chat for many of those plays), and we continually add/subtract shares and sell/buy options on ...



more from Pharmboy



As Seen On:




About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>

About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the Favorites backup site (blogroll, archives, more). Contact Ilene to learn about our affiliate and content sharing programs.

Favorites Site >>