Phil/Eric/Cwan/Matt/Cap/etc.. - I've learned so much from all of you and want to thank you. I'm up 23% this month thanks to all of your advice - Thanks, guys!
I would like to echo the sentiments of dclark41. Joining this site was the best thing I have ever done to aid my growth as a trader/investor. There are so many smart and experienced people here sharing their ideas that regardless what your investing style is you will learn something daily. Thank you and all the regular contributors for your generosity.
I must add yet another paen to Phil's "cash and short" call, as my TZA shorts are past paying for Similac and Pampers and have now covered all doctors and Mt. Sinai hospital bills for young Charlotte, as TZA took the portfolio up 10%.
Looking over your main themes last week, the "China may fall first" and "if you missed it previously, Thurs am gives you a second chance to short" were absolutely on target. I had to rely on stop-losses because of my schedule but just those two calls could have been worth a small fortune. Keep it up and I look forward to your new portfolio.
Cory Booker for President. :) . Thanks for all the good futures guidance Phil! Having one of my best months yet. Account is up 75% YTD!
USO, QQQ- Phil, thanks for these plays. Out of USO for about 65% gain today and just keeping 1/4 QQQ.
Killed it tonight trading copper. Anyone who jumped in right after election is up about 75k on one contract!
Phil: I loaded up big time yesterday on your suggestion of the AMZN September 75 naked puts. They are up 43%!
Phil, Thanks for the long calls@ $ 85 on AAPL. A quick $4900. Paid for my subscription!!
Phil/BCS - Didn't realise they traded here. Should've known really. Thanks for the tip. managed to pick some up just before the close at a 15% discount to the UK closing price.
Sold the BG puts I got yesterday at $1.30 for $2 just now. Might be a little early, but I'm happy with that gain. Thanks Phil.
I traded with Phil for approximately three years, and consistently averaged 80% returns yearly... some of which was due to my skills as a trader, but much was a direct result of what I learned as a member of Phil's site.... both from Phil, and the many talented traders that hang out there. Phil... if you are reading along... thanks, again for the approximately $ 3 mil I made tagging along with you.... in order to make you feel good for the work you did... I gave the government 50% of it all, so you made your contribution....
WOW!!!!!!!!!!!! How will I ever do anything else in my life that will compare to the wild ride you get trading an ultra etf in the most volatile sector in the stock market the day before option expiration?
Phil, did you by chance publish the weekly webinar on Youtube yet? I have been watching these and they are awesome. Unfortunately, I can't cut out of work to attend live webinars. Again, they are just awesome content – thank you.
Thanks for the oil tip Phil: Bot & sold the USO May 29 calls for net $125. Not bad for few minutes work.
Dear Phil, I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership. It is hard for me to follow all evening as I am in Tokyo but I can join you at the beginning of the market and read the next day.
Phil/CLK4 – Perfect! Saw the answer 1 min after my post…out with $740 on two contracts. Thanks again for the education.
I have definitely learned to take smaller wins early and be happy with that. Lately, I've aimed for $250 profit per day. Doing that daily/weekly x 48 weeks (assuming I take some time off) works out to 60k per year. That's a lot of money!! $250 moves happen all the time if you just wait for them.
Phil is a fundamentalist to his fingertips. His ability to value a stock goes well beyond p/e, as he understands the essence of many businesses, what gives them value and how they make their money. As such, his recommendations are invaluable to a investor who takes a value-oriented approach.
Blessings, ALL: So we have completed two months of 2015. So far it has been a good ride with my PSW all short put portfolio showing a 15.73% gain with $83K in profits harvested in 2015.
I took $2 (up 133%) and ran on those USO puts, quite a bit more than the 20 you played in the $25KP. Thank you once again for turning a bad market week into a great personal week. You will be happy to know I am back to cashy and cautious with a few of your favorite longs into the weekend. Thanks to Phil, JRW and all the members who share their knowledge here.
Don't expect to get rich quick here, but you can get easy 30 - 50 % per year, just by buying good stocks at discount (as we often discuss), selling monthly premiums of calls and puts.
Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, you've been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your ‘buy oil if you're brave'recommendation. It's nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!
Phil – In the event of a mkt meltdown, which of the indices, in your opinion do you think has the most potential for % move down. I'm looking at call options on SDS and the DXD. Any thoughts? Ideas?
Thanks .. and thanks for being a great teacher! I've learned so much in only a month!
Sold out my AAPL mar95 calls. Up over 100% today on them!
Phil - FAS - I dont know whether to be happier I averaged down and sold calls or that I got myself out of FAZ the other day…thanks for that help
I am struck by several things over the last few days. First is how level-headed we all are as Greece and China develop. Second is how very helpful it is to see the different trading styles we have, partly because of personal preference and partly because of different stages of development and education. It's very helpful. Well-done, Phil, to have developed this community.
Hey Phil – I ignored your call to sell those AAPL $580s for $1 so not sure whether to thank you or not (just kidding) for my $5 winner. Actually I want to thank you from the bottom of my heart, that was an uncanny call.
On Optrader's section yesterday he was asked how he works with AAPL as an investment. He replied that he just ‘plays with the covers'. I've got a separate portfolio where I use primarily this technique over the past 6 months. Up 60% The principles involved are stock selection, patience, patience, using covers to protect profits, rolling covers to maximize premium return, and exiting when covers are gone and stock price is high. Sometimes it's hard to remember where you learn to do this stuff, but much of it is from integrating principles I've learned here with thing I already knew. Thanks for the help on this, Phil and others.
I've recently done exactly what Phil described. I upgraded my ability to trade the IRA acct. by transferring acct. from TDA to TOS. TDA would not allow spreads; TOS does. Neither will allow naked options. With spreads I am able to buy calls or puts several months out then sell front month calls or puts over and over. This allows me to collect premium, which is, of course, the goal. This wasn't an original idea. Phil put me onto it. Since the transfer I've substantially increased my performance in the IRA!
In this web exclusive, Bill Moyers and four historians dissect the big lie Trump rode to power: the Birther lie. Nell Painter, historian and Edwards Professor of American History, Emerita, at Princeton University; Khalil Gibran Muhammad, professor of history, race and public policy at Harvard Kennedy School; Christopher Lebron, assistant professor of African-American studies and philosophy at Yale University; and Philip Klinkner, James S. Sherman Professor of Government, Hamilton College discuss the fertile ground on which the birther lie was sown: our nation's history of white supremacy.
Credits: Gail Ablow, Producer; Sikay Tang, Editor
BILL MOYERS: I’m Bill Moyers. The most important thing to remember about Donald Trump is that he was the same man at 12:01 p.m. Friday after he took the oath of office as he was at 11:59 a.m. before his swearing in. His character: the same. His temperament and his values: the same.
What’s different is that in those two minutes Donald Trump was handed the most awesome power imaginable. He now controls the world’s most powerful nuclear arsenal. The Army, Navy, Air Force, Marines and Coast Guard are at his command. The FBI, the CIA, the NSA, the IRS, Homeland Security, the State Department, Justice Department, Treasury Department, the Department of Education, the Interior Department — all of the agencies of the executive branch — report, ultimately, to this one man. The world awaits his pronouncements, the markets and the media live by and for his tweets. So here’s the second most important thing to remember about Donald Trump: He rode to power on the wings of a dark lie — one of the most malignant and ugly lies in American history. We must never forget it.
LOU DOBBS (CNN 7/21/09): Up next, the issue that won’t go away: the matter of President Obama and that birth certificate.
DONALD TRUMP (The View, ABC 3/23/11): There’s something on that birth certificate that he doesn’t like.
TRUMP (The O’Reilly Factor, FOX News 3/30/11): He doesn't have a birth certificate.…
“The difficulty lies, not in the new ideas, but in escaping from the old ones.” ~ Keynes
There’s nothing wrong with ideas, new or old, but the problem is that once we come public with them, it becomes incredibly difficult to change our mind. To admit that what we once believed is no longer valid can be viewed from the outside (and often times from the inside) as a sign of weakness, rather than a sign of growth. I want to look at a few real world examples of this.
Skip Bayless predicted in the preseason that Dallas would beat Seattle in the NFC championship game. Unfortunately for Seattle, they lost Earl Thomas to injury, who is one of the best safeties in the league. Looking at the tweet below, it’s clear that Skip thinks it’s macho to remain ignorant or unflappable even when the evidence changes.
After Aaron Rodgers delivered one of the best performances he doubled down on his stupidity, tweeting “Congratulations to Dak Prescott for again outplaying Aaron Rodgers, again holding off Romo and again performing like a clutch MVP.” It’s true that Dak played better than any Cowboys fan could have hoped for, but come on man. This is embarrassing.
I’ll give Skip a pass, only because his job is to be outrageous. I mean, he might believe his own bullshit, I don’t know. But he gets paid to be controversial. Financial analysts on the other hand, are not entertainers, they get paid to analyze companies.
Consider Michael Prachter and Netflix. Prachter’s negative views, which continue to this day, go all the way back to the beginnings. Here is an article from 2005, when he recommended to sell Netflix and buy Blockbuster. “Pachter initiated coverage of Netflix after they lowered their pricing on 9-28-04 with a sell. Subsequently he has reiterated this sale five times and presently has a 12 month price target on the stock of $3 per share. The stock closed today at $11.20.” You would think that after twelve years of being wrong, and watching a stock gain 4600%, that you would wave the white flag and move on, right?…
00:01:46 Checking on the Markets
00:03:32 Trade Ideas and Tips
00:08:59 Natural Gas Charts
00:13:08 PG in the Butterfly Portfolio
00:15:15 PG Charts
00:17:45 PG Trade Ideas
00:26:50 September Portfolio Review
00:34:05 PSO Trade Ideas
00:36:04 RRD Chart
00:41:06 PSO Charts
00:49:30 Butterfly Portfolio
00:54:20 Target Earnings
00:56:36 TGT Charts
00:58:36 Checking on the Markets
00:59:22 Beige Book
01:16:05 Active Trader
01:17:23 5% Portfolio
01:33:20 5% Portfolio
01:35:34 Butterfly Portfolio
01:38:20 Long Term Portfolio
01:42:43 Checking on the Markets
01:51:40 More Trade Ideas
Phil's Weekly Trading Webinars provide a great opportunity to learn what we do at PSW. Subscribe to our YouTube channel and view past webinars, here. For LIVE access to PSW's Weekly Webinars – demonstrating trading strategies in real time – join us at PSW — click here!
The madness around trading the tweeting of Trump has jumped the tracks and landed itself among ordinary investors across the country. The new game seems to be trying to anticipate which industry he’ll target next and somehow make money from the volatility in the related stocks. Or, perhaps worse, to trade the reaction after a tweet hits home. The naïveté here is adorable.
In the first place, there are algos specifically set up to pick up on these tweets and errant remarks in seconds, with trades pre-sized and planned, ready to execute immediately. Is this the game you want to play from the Fidelity app while you’re at a stop light?
Realistically, you may nail a trade or two from this kind of thing, but I wouldn’t be planning to retire from it. It’ll go away. Remember the Carl Icahn tweets about Apple? That was fun for a few months.
I gave my two cents to the Los Angeles Times on the topic. I have a few quotes in here…
A better game to play might be to figure out how much you’ll need to spend over the coming decades, work out the math on what sorts of returns you’ll need, include things like vacations, taxes, charitable giving, catastrophic health care (knock on wood), any inheritance you’d like to leave behind, any insurance strategies you can employ to lessen the tax burden on your heirs, etc, etc. Then work out what sort of portfolio will give you the clearest, most optimized and least stressful route to arriving at these financial destinations.
This is a game you can actually win. And if you need help with the answers to these questions, tell us. We all only have so much time on this earth, and nothing is a given. How much of it do we want to spend speculating on the 3am tweets of a consummate showman?
Anyone can solve the equation 6+6+6+6. But ask somebody to calculate 6x6x6x6 without a machine and they’re going to look at you cross-eyed. The human brain was designed for linear, not exponential processing.
The other day I joked about the Dow reaching 2,000,000 by the year 2099, a one hundred fold gain from today’s prices. I was only kidding, but Morgan Housel told me for that to occur, the Dow would need to compound at 5.7% for the next 83 years. Considering the Dow has grown 7.14% a year for the last 75 years, this seems totally within the realm of possibility.
This example from The Art of Thinking Clearly illustrates why the Dow reaching 2 million was completely beyond my comprehension (emphasis mine): “A piece of paper is folded in two, then in half again, and again and again. How thick will it be after fifty folds?…Take an astronomical guess. What would be a ridiculous number? Well, if we assume that a sheet of copy paper is approximately .004 inches thick, then its thickness after fifty folds is a little over sixty million miles. This equals the distance between the earth and the sun….Linear growth we understand intuitively. However, we have no sense of exponential growth.”
Let’s take a look at what compounding can do in the stock market. The chart below shows SPY since inception, with dividends included, versus the S&P 500 index, price only. The difference in returns over the last 24 years is an astounding 284%!
The cumulative dividend payout over this time is 46%, so this alone isn’t responsible for the gap. The remaining 238% is the magic of compounding; Dividends on top of dividends and returns on top of returns.
The most powerful force in the universe, as Einstein referred to it, is something that eludes many of us for two main reasons. One, most people just don’t understand how it works. For instance, 10% growth for 25 years is not 250%, it’s 985%! The second reason why many fail to take advantage of compounding is because it takes time. Like,
Paul Meehl was a versatile academic who held numerous faculty positions, covering the diverse disciplines of psychology, law, psychiatry, neurology, and yes, even philosophy. The crux of his research was focused on how well clinical analysis fared versus statistical analysis. Or in other words, he looked to answer the controversial question, “What is a better predictor of outcomes, a brain or an equation?” His conclusion was straightforward – mechanical methods using quantitative measures are much more efficient than the professional judgments of humans in coming to more accurate predictions.
Those who have read my book, How I Managed $20,000,000,000.00 by Age 32 know where I stand on this topic – I firmly believe successful investing requires a healthy balance between both art and science (i.e., “brain and equation”). A trader who only relies on intuition and his gut to make all of his/her decisions is likely to fall on their face. On the other hand, a quantitative engineer’s sole dependence on a robotic multi-factor model to make trades is likely to fail too. My skepticism is adequately outlined in my Butter in Bangladesh article, which describes how irrational statistical games can be misleading and overused.
As much as I would like to attribute all of my investment success to my brain, the emotion-controlling power of numbers has played an important role in my investment accomplishments as well. The power of numbers simply cannot be ignored. More than 50 years after Paul Meehl’s seminal research was published, about two hundred studies comparing brain power versus statistical power have shown that machines beat brains in predictive accuracy in the majority of cases. Even when expert judgments have won over formulas, human consistency and reliability have muddied the accuracy of predictions.
Daniel Kahneman, a Nobel Prize winner in Economics, highlights another important decision making researcher, Robyn Dawes. What Dawes discovers in her research is that the fancy and complex multiple regression methods used in conventional software adds little to no value in the predictive decision-making process. Kahneman describes Dawes’s findings more specifically here:
“A formula that combines these predictors with equal weights is likely to be just as accurate in
Over the weekend, Barron's published its annual roundtable in which prominent investors previewed what they expect out of 2017: "a year of seismic shifts for the markets and, quite possibly, the world. Or, as Goldman Sachs strategist Abby Joseph Cohen said at this year’s Barron’s Roundtable, “We are breaking a lot of trends.” As Barron's dubbed it, "this could be the year the movie runs backward: Inflation awakens. Bond yields reboot. Stocks stumble. Active management rules. And we haven’t even touched on the coming regime change in Washington, which will usher tax cutters and regulatory reformers back to power after an eight-year absence."
While there were many insightful observations by the group of participants – whose sentiment was decidedly more bearish than during last year's event – which included Scott Black, Felix Zulauf, Mario Gabelli, Meryl Witmer, Brian Rogers, Oscar Schafer, and Abby Cohen, we will focus on the predictions of Jeffrey Gundlach, if only due to his track record from the similar Barron's roundtable one year earlier, in which he turned out to be far more prescient than most of his peers, not least of all because he "made the greatest prediction at last year’s Roundtable—that Trump would win the presidency."
The first question posed to Gundlach was also the broadest one: what are you predicting now?
People have forgotten the mood regarding stocks and bonds in the middle of 2016. Investors embraced the idea that zero interest rates and negative rates would be with us for a very long time. People said on TV that you should buy stocks for income and bonds for capital gains. This is when 10-year Treasuries were yielding 1.32%. Someone actually said rates would never rise again. When you hear “never” in this business, that usually means what could “never” happen is about to happen. I told our asset-allocation team in early July that this was the worst setup I’d seen in my entire career for U.S. bonds. It occurred to me that the bond-market rally was probably very near an end, and fiscal stimulus would soon become the order of the day.
Based on a comparison in July of nominal Treasuries to Treasury Inflation-Protected Securities, or TIPS, the bond market was
Most of us smarty-pants analysts never thought Trump could win because we saw his run as a half-baked white-supremacist movement fueled by last-gasp, racist frustrations of America's shrinking silent majority. Sure, Trump had enough jackbooted nut jobs and conspiracist stragglers under his wing to ruin the Republican Party. But surely there was no way he could topple America's reigning multicultural consensus. How could he? After all, the country had already twice voted in an African-American Democrat to the White House.
Yes, Trump's win was a triumph of the hideous racism, sexism and xenophobia that has always run through American society. But his coalition also took aim at the neoliberal gentry's pathetic reliance on proxies to communicate with flyover America. They fed on the widespread visceral disdain red-staters felt toward the very people Hillary Clinton's campaign enlisted all year to speak on its behalf: Hollywood actors, big-ticket musicians, Beltway activists, academics, and especially media figures.
Trump's rebellion was born at the intersection of two toxic American myths, the post-racial society and the classless society.
One of Trump's gambles that really paid off, according to Taibbi, was painting a target on the back of the U.S. political media.
"The media and politicians had spent so much time with each other that they lost touch with regular people, and Trump capitalized on that. He made us in the media villains, representative of this out of touch, ivory tower political culture," he said.
"I think there's some fairness to it, as much as I dislike Donald Trump, he hit a note, several notes, in this campaign that were true, and that was one of them."
Speculators in crude oil futures are back near their “obscene” record net-long position set just prior to the 2014 collapse in oil prices.
When we started posting our charts on social media and writing this blog some three years ago, one of the most popular early posts dealt with trader positioning in crude oil futures. That was at the beginning of July 2014, and to this day it remains one of our most popular posts. The title of the post was “Large Speculators Net-Long To Obscene Extreme”. And to look at the chart was to instantly understand the impetus behind the title.
Chart from July 3, 2014 post:
At the time, the trajectory of the record net-long position in crude oil futures by Non-Commercial Speculators (and by extension, the record net-short position by Commercial Hedgers) had gone fully parabolic. In the case of the Speculators, prior to 2013, their largest ever net-long position in crude oil futures was 276,000 contracts, and prior to 2011, the record was 176,000 contracts. At the end of June 2014, their net-long position was a record-smashing 459,000 contracts. On the flip side, Hedgers’ net-short position had grown to a record 492,000 contracts.
Why was that important? As we have explained on many occasions in these pages, this data from the CFTC’s Commitment Of Traders (COT) report provides a very useful look at the positioning of various groups of traders. The 2 biggest groups are Non-Commercial Speculators and Commercial Hedgers:
Non-Commercial Speculators are by and large commodity pools and hedge funds that exist mainly to trade the market long and short. These funds are normally trend-following entities. And while they can be on the correct side of a long trend, at extremes they are considered “dumb money” as they are typically “off-sides”.
Commercial Hedgers are typically financial firms and institutions involved directly in an industry reliant upon a particular commodity. Most of the time, they are truly “hedging” within the commodity market, primarily taking the other side of the Speculators’ trades.
Dr. Seuss taught me to read. My older brother brought Seuss books home to me from the local public library because I was too young to have a library card of my own.
The Cat in the Hat, Bartholomew and the Oobleck, Horton Hears a Who! — all, for better or worse, played a role in my early childhood development, a phase from which I have yet to emerge, but never mind. Yet as I watched Donald Trump’s press conference on Wednesday morning, a performance reminiscent of PT Barnum — if Barnum suffered from Attention Deficit Disorder, congenital petulance and anger management issues — I was reminded of a different Dr. Seuss masterwork:
Yertle, you see, is the king of the pond “on the faraway island of Sala-ma-Sond.” But not content with the size of his smallish but prosperous domain, he orders nine other turtles to climb on one another’s backs to create a new throne much higher than before so he can have a more expansive view and rule over it all.
"All mine!" Yertle cried. "Oh, the things I now rule!
I'm the king of a cow! And I'm the king of a mule!
I'm the king of a house! And, what's more, beyond that
I'm the king of a blueberry bush and a cat!
I'm Yertle the Turtle! Oh, marvelous me!
For I am the ruler of all that I see!"
You get the picture. Except for Yertle’s Seuss-given ability to speak in anapestic tetrameter, a quality rare in turtles, our president-elect seems to share a number of his ego-driven traits, especially when he makes such grandiose pronouncements, as he did at Wednesday’s news conference, that “I will be the greatest jobs producer that God ever created.” Meanwhile, back at Sala-ma-Sond, at the bottom of the stack, a turtle named Mack mildly complains about all the weight, which causes Yertle to demand hundreds of more turtles to lift him higher still. Mack protests again:
The Vantage Protected Performance Fund is managed for risk?adjusted performance. The objective of the fund is to generate double?digit returns with significantly lower risk and volatility as compared to the Canadian equity market. The historical success of the investment strategy is the result of effective stock selection (long and short) and a commitment to maintaining a hedged (protected) portfolio. The fund’s investment process is based on extensive, fundamental, bottom?up research with a focus on companies where operational or strategic catalysts can unlock significant value for shareholders.
When it comes to the future of bitcoin, the "holy grail" has emerged as becoming the first to have a bitcoin ETF approved by the SEC.
Over three years ago, in 2013, the company of the Winklevoss twins, Cameron and Tyler, Winklevoss Capital Management LLC, launched the first proposed bitcoin ETF, the Winklevoss Investment Trust, looking to trade on the HFT-dominated BATS exchange. The SEC is expected to make a decision on it by March. A second group, SolidX Partners followed last July seeking SEC approval for its bitcoin ETF, SolidX Bitcoin Trust, which also would be listed on the NYSE....
“We have become great because of the lavish use of our resources. But the time has come to inquire seriously what will happen when our forests are gone, when the coal, the iron, the oil, and the gas are exhausted, when the soils have still further impoverished and washed into the streams, polluting the rivers, denuding the fields and obstructing navigation.”
– Republican President Theodore Roosevelt
This post is not going to be political. My partner Barry Ritholtz has been at the forefront of the idea that ...
Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to reignite.
Bouyed by Donald Trump’s election, Republicans are pushing to allow oil exploration in the Arctic National Wildlife Refuge, the frigid wilderness in northern Alaska that’s been a political battleground for drillers and conservationists for decades.
Consumer Confidence of late has continued to move higher, now reaching above the highs hit back in 2007. Long-Term S&P 500 returns are far below historical norms, when confidence is this high. We are not saying that high consumer confidence means the market is at a top!
Below is a look at the Advance/Decline line on a short-term basis.
CLICK ON CHART TO ENLARGE
Joe Friday Just The Facts; It could be important for support to hold, of this bearish rising wedge above.
Small Caps again took the brunt of the selling as Shorts took advantage of yesterday's small rally back to former support (turned resistance) to enter positions. With the 'bull trap' in full effect, the next target down for the index is 1,308. Of supporting technicals, only Stochastics [39,1] is left to break its bullish alignment,
The S&P took a modest loss, but not enough to break it out of its consolidation. Volume was also lighter. With the Russell 2000 on the way down, it's suggesting the S&P will follow suit....
Once again it's "in the Toilet Thursday" or "Thursday's in the Loo".
In our last episode, How to Poop On A Date? we were graced with a delicate shituation: what ever to do when your finally back at her place, snuggling in for a little "brown chicken brown cow" and you get hit with "Love Potion #2".
This week in How to Poop At Work? ,what to do when your at a big fancy pants meeting, when out of nowhere, you need to download a brown load?
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Sam Brownback, the Kansas governor whose tax cuts brought him political turmoil, recurring budget holes and sparse evidence of economic success, has a message for President-elect Donald Trump: Do what I did.
In 2013, Mr. Brownback set out to create a lean, business-friendly government in his state that other Republicans could replicate. He now faces a $350 million deficit when the Kansas legislature convenes in January and projections of a larger one in 2018. The state’s economy is flat and his party is fractured...
Come join us for the Phil's Stock World's Conference in Las Vegas!
Date: Sunday, Feb 12, 2017 and Monday Feb 13, 2017.
Beginning Time: 8:00 am Sunday morning
Location: Caesar's Palace in Las Vegas
Caesar's has tentatively offered us rooms for $189 on Saturday night and $129 for Sunday night. However, we have to sign the contract ASAP. We need at least 10 people to pay me via Paypal or we may lose the best rate for the rooms. (Once we are guaranteed ten attendees, I will put up instructions to call the hotel for individual rooms.)
Note: The material presented in this commentary is provided for
informational purposes only and is based upon information that is
considered to be reliable. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW)
nor its affiliates
warrant its completeness, accuracy or adequacy and it should not be relied upon as such. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. Past performance, including the tracking of virtual trades and portfolios for educational purposes, is not necessarily indicative of future results. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. Do not buy or sell based on anything that is written here, the risk of loss in trading is great.
This material is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities or other financial instruments mentioned in this material are not suitable for all investors. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only intended at the moment of their issue as conditions quickly change. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation to you of any particular securities, financial instruments or strategies. Before investing, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
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