Phil - I LOVE these futures trades at random hours! I wasnt able to get in on the 612 part but if I had it wouldve been 130$ (2.6%) on a 5k contract in less than 30 minutes. I know you have to sleep, spend time with fam, ect but Im just letting you know that your posts after hours/late at night has made people who followed them a decent chunk of change. Thank you, we appreciate it!
1,000% on SKF - It was a freakin' monster into the center field bleachers! I saw it play out live and squawked it from the StockTwits ID which 14k people follow: Home run trade of the week @philstockworld just knocked cover off ball w $SKF puts. http://bit.ly/piBL Great trade bud!
- Phil Pearlman - StockTwits
Phil - Wow…wow. The vision and inate grasp of the options world you posess is rather staggering. It's this type of experience that I really hope to develop. I'm afraid I still can't see the moves, but I WILL learn. I cannot thank you enough for the patience, knowledge and effort you put into this place. Please keep it going!
Phil – great calls this past week, esp. friday and monday. in the old days I would have let Prechter et al scare me into trimming my longs and going short at just the wrong time. your feel for the markets is Tiger-esque. CHK, HOV, BX, TLT and XLF are big winners for me today. My biggest up day in a long time. Thanks!
Hey Phil - writing to thank you!
First of all, and I know you have heard this a few times form some others - the portfolio updates you have done - with entries and targets and even margin reqs are invaluable!
I find myself understanding what is done here IN THEORY most of the time..however, there is a much bigger difference in placing and setting up the hedges properly than just understanding…This has been eye opening for me and Ifeel like I just took a major step in trading during the last week.
Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours.
Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading "professional newsletters" and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!
I have been with this site since the beginning and i have learned more the past 3 years than the previous 10. Information and great commentary are abound. The traders on the site are second to none and my portfolio has benefited greatly.
Phil, I don't know if I told you lately but you da man! I'm doing so much better following your guidelines. It's like you actually know what you are talking about. 8-) I've tried a lot of services and none of them are as comprehensive or honest AND successful. I appreciate all youz other guys/gals input as well…learning tons as a relative newbie to this game.
Maya, After years of being pretty good at picking stocks I still managed to lose almost as much as I made.All the reading Phil asked us to do as a new member (And everything else I can get my hands on lately) has revealed my Achilles Heal.Good stock picks do not necessarily make money. My problem was swinging for the fences. Since becoming a member Jan 1 this year and getting into to scaling into small trades I am amazed at the steady profit growth I have experienced already while not worrying about getting killed. And having fun doing it.. Phil, Thanks for the education, the help you give and the chance to learn more and get better. Also thanks to all the members who have answered the few questions I had when your not around.
Phil, those OIH $80 p that you recommended last week for ~$1 are now worth $5.50!
WOW, look at DRYS go. Nice call on the entry the other week Phil. I got 200 at $6.66 and sold a 7.5 call for $.50, then on the tear today sold another 7.5 call for $1. This should puts me in at an average of $5.91 and called away at $7.5 for a profit of $300+ after commisions. Once again another Phil trade pays for this months membership.
Phil - Rode the /QM down from 99.65 at 7pm and now I'm taking your advice, taking the $$ and going to enjoy a restful night sleep. I don't post often so I want to say thanks for sharing your incredible market acumen with all of us. Your site has a unusually talented group of investors (and some characters) and I enjoy my days trading more because of it.
Phil is a master at keeping you laughing, as well as making you money. - It is like " laughing all the way to the bank!"
Gel1…..I've been here 6 months, mostly watching and learning. Lots of smart people on the site and I've learned a lot from Phil and many others. //// Inflan - I have to trump your sentiments regarding the wisdom of the board. I have to thank Phil and the many contruibutors for a 80% profit for 2009. I have learned a lot and am still learning ( even occasionally about political issues - ha! )
- Iflantheman & Gel1
Thanks for the heads up on the comming sell off on friday, and the bs job yesterday. your our guiding light!
That was a quick double on the DIA calls. trailing stop in place.
Phil… My portfolio, in the past few months, has acheived a high degree of stabilization. I've noticed that on up days, down days, even days, it doesn't matter, my portfolio rarely varies more than 2%. And over the long haul it just slowly increases in value. I attribute this not to investment choices, but to style. Thanks to you and others on this site I'm paying close attention to position size, delta neutrality, downside protection, and concentrating on selling premium rather than buying it. I've developed increasing patience, not having to trade daily, or even weekly. I'm concentrating on the finer points of trading, letting the profits come to me, rather than the other way around. I appreciate the help everyone here has given in getting me focused on this principle. I'm pumped!…in a calm sort of way.
I've been trading/investing since the early 80's (my dad started me out young). I've had seven figure accounts (in the past) and I've done lots of trading, so I can say that I'm a well seasoned investor. Phil is the real deal. His trades make sense and his strategy is sound. He sees things that others miss and he's one of the best at finding price anomalies. When he makes a mistake, he has an exit strategy already planned. He hedges very well and he has an instict which tells him to go to cash or to be all in.
I picked up one of your recommended Gold plays, the July ABX 30s and sold the Feb 35s, which are now mostly intrinsic value. Is it time to roll these to the March 37.50s, or should I wait this spike out?
- Bill Hoffman
What a quarter! (AAPL, etc.) "People react; PSW'ers anticipate." Thanks everyone for a vibrant board.
Phil — gotta thank you for your advice this week, and especially today. I took many aspects of your advice this morning, with all of my shorts -- being prepared on the short side, selling into intial excitement, taking the money and running, not being greedy. I also made money on the your /QM and /YM calls. It used to be I would be terrified of weeks like this one. Now, it feels somewhat comfortable, for want of a better word.
You are doing a fantastic job. I think most of us our very well balanced and consequently have learned how to manage through these ever so short declines in the market without panic.
Man, what a week: Bought C at 1.40, sold half at 1.59 (relatively big position), another quarter at 3.04 just now. Ran SKF down from 270 with one April put, still holding some 115's expiring in a couple days. I'm going to gamble this position like a champion Friday. Bought FAS at all sorts of levels and started cashing out. Long HOV, stock and some nickel calls for fun - Mocha up your buy-out from 5 to 8 and that's 10,900% return for the May-2.50's . Ha!
Phil, I've got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!
Phil you are great, and not only is your market info spot on but you have the courage to call it like it is and write about it in a great tone.
Phil - I'm with you just little bit longer than a month and you can not imagine how happy I am now, and not just because my P/L improved ( and I'm sure that it will be even better), but I found that the worst thing in trader's carrier is a LONELINESS. Here I found so many bright good guys, I looked for this service for years.
THANK YOU AND TAKE GOOD CARE OF YOURSELF BECAUSE I PLAN TO STAY HERE AND RIDE THIS CREASY MARKET WITH YOU FOR ANOTHER 20-30 YEARS
Phil...The hundred grand portfolio updates are helpful...Fun ..and have been profitable...really like em... made some nice entries into USB, KEY today... and I better add those FAZ calls tomorrow... Really glad you put that up this morning...
Thanks for the free disaster hedge ideas. I implemented variations of two of them on SDS bull call spreads and EEM bear put spreads (haven't done the TZA yet) and they really hedged my short term longs nicely today. Makes it seem a lot less like gambling.
You are the man (of the people)!
- Howard Roake
I discovered PSW while reading up on the US economy and how it applies to all the poor folk of the world and to myself as a humble UK desk slave.
This year I put time into learning options trading. I upgraded (with great administrative difficulty!) my stock dealing account to deal options. Now I am an avid reader of PSW and subscribed for voyeur membership. Initially feeling out of my depth struggling to keep up with the peculiar language of options traders, I unsubscribed feeling a little under confident and uncertain if the small stake I have to invest in options could generate enough to justify my PSW subscription. Nevertheless, I've benefited considerably from the member's material. From a small number of initial trades, I've exceeded profit targets enough to consider re-subscribing in some capacity. Thanks for the knowledge and more than anything I appreciate the human angle, the humour and the ecologically sympathetic approach rarely seen in other financial media. Best wishes all - Jon
I don't post much, but I guess this morning has brought me out. This site has made me tens of thousands, every year since I have become a member. It took me nearly two years devoting 3 hours per day to get on the ball, and actually understand portion sizing, and which trades fit my personal trading style. Before that I spent at least two years working on Buffet style fundamental investing. (Intellegent Investor, Security Analysis, ect.). This site really will teach you amazing things if you just pay attention. Literally it has changed my day to day life, has allowed my family and I to move back to the U.S. from overseas with confidence even with a paycut at my day job, and literally put me in a different league financially. Seriously my life and my children's is better because of this site.
Stock World Weekly Newsletter
Called "The Executive's Summary of the Stock Market." Receive PSW's
Weekly Newsletter covering the week's economic and political events
affecting the markets, a look at the week ahead and special commentary
to help you navigate the markets like a Pro! Stock World Weekly reveals
the spin being applied to the events, gives you the critical information
that's missing from the mainstream media coverage and reviews how it is
affecting the markets and your portfolio. Stock World Weekly gives you
an inside peek into the Premium Chat Rooms at Philstockworld.com. Each
week our editors comb through the Daily Posts and Email Alerts sent our
by our authors as well as Premium Member's Comments to bring you some of
the choicest bits of information for your Weekend Review. Each week,
you will receive an Email with a link to the latest Stock World Weekly
Newsletter, which is produced as an Adobe PDF document (it looks great
on an iPad!) that you can download with your member password.
PSW Report Membership Package
Access to non-exclusive posts without 48-hour delay, including access to
Phil's Morning Posts published In Progress, before the markets open
(usually at 8:30 on weekdays). Ability to receive Daily Email
Newsletter content and
special mailings for Members. Access to general Member Alerts and
special offers. Ability to earn referral discount credits. You can also
read Phil's Comments and Trade Ideas between 7 and 30 days old to get a
feel for what the Premium Members experience live every day. Individual
Author's Alerts may also be purchased separately.
Voyeur Membership Package
Just as the name implies, Voyeur Members get to look but not touch! You
will have access to non-exclusive posts without 48-hour delay including
Access to Phil's Morning Posts published In Progress, before the markets
open (usually at 8:30 on weekdays). Ability to read selected Intra-Day
Comments on a delayed basis (1 hour), non-Premium, Members Only Posts
and our Email Newsletters. You will only be able to read non-Premium
Members' Comments and Trade Ideas on Phil's posts and will have delayed
access (15 minutes) to Members' Comments and Trade Ideas on Optrader,
IRA Strategies, All About Trends and Sabrient posts (line-up subject to
change without notice). In addition to our "PSW Report" daily Email
Newsletter, you will receive Phil's general Member Alerts and special
offers. Individual Author's Alerts may also be purchased separately.
Also, Voyeur Members will have limited access to the articles in our
Educational Section. This package is ideal for less active traders,
beginning traders and those looking to test drive the site at a lower
cost as well as for people currently on the waiting list for Advanced
Memberships, who want to keep tabs on the action prior to being able to
Basic Membership Package
Access to non-Premium posts without 48-hour delay, including
access to Phil's Morning Posts published In Progress, before
the markets open (usually at 8:30 on weekdays). Ability to
read Phil's Non-Premium, Intra-Day Chat Comments on a
15-minute delayed basis as well as the comments of other Basic Members
and access to Premium Chat from 3pm to Midnight as well as Members Only
Posts and our Email Newsletters. Limited chat and comment ability in
Phil's section with Full Chat Privileges with other authors. Access to
selected Trade Ideas in Phil's section with full access to Trade Ideas
by OpTrader, IRA Strategies, All About Trends and Sabrient (line-up
subject to change without notice). You will also have limited access to
Phil's Alerts and OpTrader's Alerts and full access to our Trading
Education Section along with other non-Premium Articles and archives.
Individual Author's Alerts may also be purchased separately. This
package is ideal for busy professionals who are not full time or
professional traders as well as intermediate traders looking to test
drive the site. Space is limited (when full, you will be directed to a
sign-up sheet for our wait-list)
Premium Membership Package
Full, immediate access to our site and all live comment threads. Access to all live Trade Ideas and Alerts (current line-up includes Phil Davis, Optrader, IRA Strategies, All About Trends and Sabrient but subject to change without notice). Full access to Alerts from all of our authors. Access to all Stock Lists and Virtual Portfolios and our Email Newsletters. Full, live participation in our real-time, intra-day Member Chat Rooms with the above authors as well as our Top Traders, giving you the ability to discuss trades in progress and take part in the discussions that often lead up to trades being made! This is the ideal package for Active and Professional Traders looking for promising ideas and better risk-management techniques. You will have the ability to discuss Trading Ideas directly with Phil and OpTrader on most market days as well as interact with our other authors. You will also have Unlimited Access to the Educational Section and all Archives, where we emphasize risk management and teach our Members how to make winning trades and even how to turn losing trade back into winners. Space is limited (when full, you will be directed to a sign-up sheet for our wait-list).
Alerts memberships to receive exclusive OpTrader, IRA Strategies,
All About Trends, Sabrient, and Pharmboy Alerts are available for Basic,
Voyeur and Report members after signup. Alert Memberships are included
in Premium Membership packages.
* Denotes a required field