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  1. projectwise

    Hey guys !
    I just wanted to take that little time while there was no action to express myself a little bit as I nearly never do it, being shy by nature and since English isn't my language.

    I've been a premium member for nearly 1.5 year and next month I'll have to step out for a while because of the relative small size of my accounts, but I'll be back, and that's a certitude because there is tremendous value around here !  I've been trading full time for more than 3 years (and by that I mean that I'm always here when the market is open, but I also do a lot of work and reading and thinking outside those hours !).

    I've been managing my father's account, which is only a small part of his net worth, and that has been very rewarding (financially and otherwise) for both of us, and I'm proud to have my own account since a while now. That one is growing fast and steady, kinda like the income portfolio, but I'm using more of the potential buying power initially since I'm adding regular money into the account.

    Trading is such a passion for me that I've went from never have been able in my life to work 40 hours a week for a year without getting suicidal, to now having work at least 80 hours a week for more than a year (2 other jobs than trading), and starting to feel real good. Even though I was only doing it for my dream at the start, now I've come to enjoy that tremendous amount of works, that I was hating before, for… making me a stronger human as well. They say the rewards is more in the travel than in the destination, and for those of you who are still travelling (and really, who isn't?), I hope you always remember to be joyful in that trip !

    Someone once said something like: "What you do in one thing, you do in all thing". By having become a better trader, I've also become a better person. 3 years ago when everyone, including the *best* experts were capituling on my life, I did DD and hells did it pay since then ! I'll show those so called experts that they were dead wrong thinking I was a value trap ;)

    So I wanted to take this little time to say a huge thanks to you guys who are offering big value (and you know who you are !). Among others, Yodi I did appreciate a lot of your recommendations (and easy going) lately and Pharm for your presence day after day.

    stjeanluc merci bien for all the effort and time you are putting in the community here, this is nothing short of tremendous. You also strike me as a good trader and very wise person. You are adding a lot to the board and you are one of the big reason this place is awesome to be around.

    Phil !! Thanks for that tremendous education on every side of the politics, economy, business, trading, life and thinking and in particular in all those way to use options to your advantage. What a brain you are ! I also do appreciate that caustic humor :)

    Have a great weekend everyone !

    - projectwise



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Phil's Favorites

China Warns Economists, Analysts, Reporters About "Overly bearish" Remarks

Courtesy of Mish.

I remain in “awe” of China-loving proponents who believe the Yuan will soon supplant the US dollar as the world’s reserve currency on the way to becoming the world’s top economic power.

By soon I mean a “decade” or less. It’s not going to happen.

Centrally planned bogus economies, with tiny illiquid bond markets, huge capital controls, pegged currencies, and no freedom of speech are no way suitable for such lofty expectations.

One can make such comments here, in China, you are in trouble.

Please consider China Presses Economists to Brighten Their Outlooks.

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Courtesy of ZeroHedge. View original post here.

Submitted by EconMatters.

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2016 Sohn Conference: Schreiber, Robbins, Einhorn, Druckenmiller, And More [LIVE]

By Jacob Wolinsky. Originally published at ValueWalk.

The 2016 Sohn Conference starts on Wednesday (May 4th) at David Geffen Hall, Lincoln Center 10 Lincoln Center Plaza New York City. As is our custom at ValueWalk we will be providing in-depth coverage of the most anticipated event of the year. The line up this year once again does not disappoint.

Note – we will post all links to our coverage on this page so just bookmark it or sign up for our free newsletter– also we will post the schedule once it is up

Sohn Investment Conference 12:00PM – 5:30PM

Here are the speakers

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Reminder: Harlan 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...

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DAX Index (Germany) - Leading indicator pulling S&P down with it?

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Over the past 12-15 months, the majority of global stock markets have been in a down trend, creating a series of lower highs and lower lows. The German Stock market peaked around 6-weeks ahead of the S&P 500 last year and could be considered a global trend leader, creating a domino effect.

Below updates the pattern in the DAX index-

CLICK ON CHART TO ENLARGE

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Is Craig Wright The Creator Of Bitcoin? Frisby and Matonis On 'Satoshi Nakamoto'

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Is Craig Wright The Creator Of Bitcoin? Frisby and Matonis On ‘Satoshi Nakamoto’

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Swing trading portfolio - week of May 2nd, 2016

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.

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By Ilene 

Remember this? It was Monday. PRGO is down from around $130 to under $100 since I started following it LAST WEEK. That's down almost 25% in a week, and almost 50% in the last year. So I wrote, 

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About that debate last night

Although we try to stay focused on finding and managing promising trade ideas, the comments in the comment section sometimes take a political turn (for access, try PSW — click here!). So today, Jean Luc writes,

The GOP debate last night was just unreal – are these people running to be president of the US or to lead a college fraternity! Comparing tool size? The only guy that looks semi-sane is Kasich. The other guys are just like 3 jackals right now. 

And something else – if Trump is the candidate, that little Romney speech yesterday is probably already being made into a commercial. And all these little snippets from the debate will also make some nice ads! If you are a conservative, you have to be scared now. 

Phil writes back,

I was expecting them to start throwing poop at each other &n...



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We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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