Oxen (directly) and Wilkinson (indirectly) are making me a great day trader! Props to Andrew for another little nugget last night: HIG. $20 Dec calls paid 6% quickly this morning. And helloooo STJ - a few days, but nice pick nonetheless - esp with early cover premium.
Dstillwe
Phil/ Thanks to your obsessive bearish anxiety over the last few weeks, I made money on the long side this month, phased gradually to bearish, came in net short today and managed to make money both long and short all week, ending today [and each day this week] in the green. I don't know how you do it, but thank you.
Zeroxzero
I am about 1000 hours into learning about investing. While, I have tried other websites along the way, they don't teach or focus on selling premiums and certainly don't have your mindset. Anyway, I have a lot to learn and look forward to the new portfolios.
So, thank ALL of you for being patient and teaching others how to "Be the House and not the Gambler"!
GrassHopper67
Phil - I celebrate today, having reached my goal for the year, trading in sync with your education and guidance, of 1 million in profit. I learned a lot, achieved much, and am profoundly grateful. To be honest, when I set the goal I thought it was daunting, as I have for many years been an investor in equities but did very little with options. Learning and doing has for me been a blast!
I reached my goal by following Phil's strategies - lots of Buy/Writes, covered calls on equities , naked put entries for income production. I did it with 2.5 mil and kept 600,000 in cash in case I got in trouble. I concentrated on stocks (many of my own choosing) that had decent dividends and wrote front month calls against (OTM) which has worked well in this market run. 25% of my gain is in dividends and premium selling, with the balance in appreciation.
Gel1
Thanks, after years of blood and blunders, I have reached a significant milestone – I don't lose money. Net net, I rarely have a losing week, market up, market down. And that I owe to you. Balanced positions. More premium sold than bought. Fundamental criteria applied to good companies, not momentum/ news headlines/ stock du jour/ triangle squeezies. But rather earnings, P/E, dividends, competitive position — the boring stuff that takes study, thought,….and patience. You have been a great teacher, and I have embarassed myself repeatedly day with how slowly I learn.
And it's a funny thing – if you don't lose, the gains start to pile up. The arithmetic is cruel to the downside, and becomes a gift in the other direction. And I'm in this for the long run, having made myself unemployable through a need for diversification. Moreover, what I've learned here has also elided into other areas, including real estate and ex-U.S. investment. Pretty cool. Have a great weekend.
Zeroxzero
Phil Thank you very much, I appreciate your help and wisdom.
CdsdpDean
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.
Tokyolife
I can't believe it. After 2 Months of reading every post of every section on this site, the light bulb finaly went on. I was begining to think this was beyond me capacity to understand. Thanks Guys. Specifically Phil, Pharm, Cap, Matt. Im still Green as a leprechaun but I pulled the trigger on that SRS Vertical you laid down yesterday Phil. Very Clever. Now if I can just figure how to roll I migh make some money. Thanks for sharing, This community you have here is quite remarkable.
Zucko
10/15/2014: Phil…..been travelling more than not but reading and watching you guys every night. This is to say a big thank you. Even though I don't have the time to trade every day now I set up hedges and base long term strategy on PSW. I now it may sound like BS to some readers but my 401k is down a mere 3%. It hardly gets my attention when I open my brokerage portfolio accounts. And that is by using your longer term hedges and strategies. I don't need to be a day trader to take advantage of PSW. At this time in my life when I cant trade every day……. not losing what we've gained moves front and center. It's just a great feeling to watch your brokerage account hold steady in a sea of red. Thanks Teacher.
Livingfull
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!
Louis631
I have been here a year, and made most of my money back from the 14K fall. The people here are more than willing to help whe Phil cannot get to it. FWIW - This site is my brokerage firm, I was with Wells Fargo Portfolio and it was costing a fortune to trade, the costs here are more than offset with the data, trade ideas and profits you should make.. and I get a chuckle out of Cap and Phil's rantings on healtcare, guns, oh, yeah, and government….
Pharmboy
There are a lot of us that have been here a long time and we all learn something everyday. Just keep asking questions, there are a lot of smart people here and they are willing to help and then of course, you have Phil.
Jr Mints
Phil…..You have absolutely NAILED IT! This is not a bull market, nor is it a bear market. It is a Rangeish market, and it's going to stay that way for a long time (the latter is my prediction. I love the word. What I love more is the fact that I've found someone with some investing intelligence greater than mine who can assist me in playing this type of market. Your description today of how it's playing out is right on. I predict some media ‘guru' will steal your word and your description within the next few days and we'll all get to read about what ‘they' discovered about this market. Thanks Phil!
Iflantheman
Happy Thanksgiving Phil and to your family and associates. Also to all of the other fellow citizens of Phil's Stock World. I am particularly happy and thankful that I clicked on your article in Seeking Alpha a number of years ago. That opened the gate to Phil's Stock World and "being the house". My wallet thanks you as does my peace of mind in trading options, stocks and rarely futures. Your liberal views opened up my views—being a boot strapper (pulled myself out of a poor background) I was a CONSERVATIVE—cynical of others who weren't as driven. Now, I am much less so; you have taught me more than how to make money and manage risk. So, again I give thanks to you and the others of PSW!!
Newthugger
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
Tchayipov
Phil – I wanted to tell you how much of a privilege it is to learn from your every day. You are a shining beacon in the life of so many investors. You have assembled probably the best group of people in the history of financial blogging and you, yourself have done more to help investors in the last 6 months than all previous financial advisors combined.
StJeanLuc
Phil – just wanted to say a sincere thank you for teaching me how to offset, hedge, roll, and not panic. My account is up 10% in the last two weeks, and far from panic, this is becoming great fun. Thanks again,
Deano
PSW AC Conf: For those who may be on the bubble, I attended my first PSW LV in November. It was a real eye-opener. What I accomplished in a couple of days of exposure to Phil, Pharm, Craig, et al made my previous couple of years of hanging around the web site seem silly. If you are inclined in the slightest, you really should go. Just rubbing shoulders with other PSW members proved to be really valuable. Strictly on the basis of value, it's a great deal. You will have real time conversations with Phil and the gang and they will get to your questions and agenda items.
Mjjwo9b
Phil, you are the man. My positions in ABX and CLF are up massively this year, and doing very nicely with USO and UNG. TSR is another winner. Just waiting for the TSLA short now!
Rookie IRA Investor
Phil/CLK4 – Perfect! Saw the answer 1 min after my post…out with $740 on two contracts. Thanks again for the education.
Jeffdoc2004
Thanks to Phil (again) for the lessons on the art of the roll, selling premium and hanging tight under fire (particularly in the first hour of trading-MADNESS). Watching you manage the $25KP has really helped my trading in a big way.
Oknoman
Thanks super helpful re: UGN example…..other inflation/market-correction-defensive-related play you threw out that has jammed UP in less than a month is TITN 6/14 $15 puts, up 40%. Excuse my enthusiasm but haven't had those types of gains in multiple plays in years let alone days doing it on my own…….maybe I should host the PSW infomercial!!!!
stevegeb200
Hi Phil,
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 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.
Knightpilot
Phil - I know I am small change compared to most others members, but I just wanted to let you know that during the last two weeks with the shorts you and others suggested I have 6 winners and 5 losers. My losers were small because I tried to follow your guidelines as best I could. On the other hand my winners on average were around 50%. Consequently, I am up $2000 in 14 days. Thank you for your patience and help. I think I am making progress getting rid of some of my poor trading habits of the past!
DCalrk41
Phil thanks. You never cease to amaze me with your thoughtful perspective on a myriad of different issues and challenges. It's kind of an embarrassment of riches since I joined this board a few years back. The ride from Dow 9,000 or was it 8,000? up to Dow 15,000 seems hard to believe. I wish I could have it all over again, except with the capital I have now.
Winston
Peace of mind / I have a portfolio mainly consisting of long term long calls, short term short calls and puts, and long term BCS. Three years, ago when I started my journey on this board I would be freaking out panicking as to what to do, as many of the short calls are ITM, Three years later (today) I look at the screen and serenely process the information. Three years ago, I inevitably made the wrong decisions which cost me a lot of money. Three years on I calmly roll the positions to whatever makes sense. No drama, no hair pulling, and a great cost saver. I guess they call that the power of education.
Winston
Once again, many muchos for the SODA trade of last week. Finally out of all three legs. I didn't want to wait for expiration tomorrow and the possible peg at $70.00, following your dictum to not get greedy.
flipspiceland
Great calls this week!
SNS1
Phil I have been telling you for a while how I feel like I am really understanding you now and thanking you. Well today may have been my most successful futures trading day since I began here and the week has been spectacular! It has just seemed so easy when you give us a range and I execute properly. Thanks once again for teaching me to fish. My portfolio gained over 10% this week which is just amazing.
Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.
Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The redundancy of the system ensures many backups, and the lack of a central storage place ensures there is no one target for hackers. Some suggest that blockchain could become a component of the next generation of the internet.
Many blockchain systems provide a technology called “smart contract:” these are the rules by which records can be accessed and modified by creating new versions. These rules define, for example, who gets access to the stored records, under what conditions, for what declared purpose and in exchange of what (payment or virtual credit). Smart contracts also record every access to the data in the blockchain.
In this way, users can permanently and securely store their data, set their own conditions and control who accesses the data and for what purpose. Because of these features, blockchain technology can be used to store user profile data.
Political scientist and blockchain researcher Bettina Warburg explains blockchain in five levels of difficulty. WIRED Magazine.
Hoarding the data
Currently, social media giants hoard user data and use it to sell targeted advertisements (their main source of revenue). These social media networks don’t give users a real choice or awareness of what data about them are kept. They provide very few control options and no rewards for users in exchange of their data.
Recently, we have seen many cases when user data has been stolen by hackers, leading to breaches of privacy, the possibility for identity theft or exploitation of the data to manipulate people and influence public opinion towards voting. This…
“This is a humanitarian crisis, a crisis of the heart and a crisis of the soul.”
That’s how President Donald Trump framed his demand for funds to build a “border wall” and end the partial government shutdown. That declaration was met with counter-claims that the crisis at the border was indeed real – but one of Trump’s own making.
While it is true that Trump and his administration are especially reckless in their deployment of the term crisis, they are far from alone in doing so.
And as the Earth warms, the polar caps melt and storms regularly devastate communities around the globe, human beings are said to face an environmental crisis that threatens our very existence. In the world of business, crises arise from declining stock prices, bankruptcy and malfeasance on the part of CEOs.
Some of the instances of crisis claims may seem quite legitimate to you. Others may strike you as dubious. What they all have in common is this: None of them are real things.
‘Uh oh!’ – it’s a crisis
Political leaders frequently use these claims to advance a particular agenda.
For example, in 1964, President Lyndon B. Johnson used the supposed urgency of an attack on an American battleship to rally support for escalating the war in Vietnam. George W. Bush claimed a similar rationale for ousting Saddam Hussein from Iraq in 2001.
In every case, leaders reference real things in their claims: an attack on a battleship, possession of nuclear weapons, the number of immigrants entering a country, the observable effects of climate…
President Donald Trump met several times with Russian President Vladimir Putin while no other American was privy to the communication except for a State Department interpreter.
In July 2018, Democratic members of the House Intelligence Committee had proposed to subpoena the interpreter and her notes to find out what was said in the meeting, but the motion was rejected by Republican committee members.
Now, reports allege that President Trump took possession of the interpreter’s notes at the end of at least one private meeting with Putin and instructed the linguist not to discuss the content of the meeting with anyone, including other administration officials.
Democrats, now in control of the U.S. House, are reconsidering a subpoena to the interpreter to learn what was said.
I teach M.A. students of translation and interpretation and work as a conference interpreter. Here’s a brief overview of the role of interpreters and the ethics of the profession regarding confidentiality.
‘Strictest secrecy’
The role of an interpreter is to facilitate communication between parties who use different languages.
Interpreters are not responsible for the content of what is said by either party. They are responsible for ensuring that everything that is said is conveyed accurately in the other language.
The code of ethics for professional conference interpreters states that they “shall be bound by the strictest secrecy, which must be observed towards all persons and with regard to all information disclosed in the course of the practice of the profession at any gathering not open to the public.”
Diplomatic interpreters are a subset of these professionals who must pass security clearances, and be mindful of diplomatic protocol and national interests. However, the ethics of confidentiality remains the same in diplomatic settings. Officials must be able to fully trust that interpreters will not reveal confidential information.
Diplomatic tradition has therefore respected the norm that interpreters should not be obliged to give…
Last October, when Netflix reported stellar Q3 earnings and guidance there were many skeptics who said there is no way Netflix could possibly hit its impressive forecasts. They were right, because moments ago the video streaming company reported Q4 earnings which missed on revenue and revealed light guidance for Q1 even as it reported strong subscriber numbers.
Specifically, Q4 EPS was $0.30 (which included a $22MM non-cash gain on FX remeasurement of Euro-denominated debt), well below the $0.41 reported a year ago if slightly above consensus expectations of $0.24. Revenue of $4.187BN however came in light, missing expectations of $4.21 billion. The revenue miss, according to Bloomberg, "is a sign that all those new shows and movies that Netflix is churning out isn't drawing enough new paying subscribers."
Looking ahead, Netflix reported that Q1 forecast revenue would be $4.494BN, which while 21% higher Y/Y is below the exp. $4.6BN, with EPS of $0.56 also missing consensus expectations of $0.94.
Netflix also announced that Q4 operating margin dropped to 5.2% vs 7.5% a year ago due to "so many titles launching in the quarter."
Perhaps more importantly the company reported a record 8.84 million paid net streaming additions, which while below the 9.40 million guidance from last quarter, is not apples to apples as starting this quarter the company is only reporting paying subs not total subs. That said the paid number was higher than the beginning of quarter expectation of 7.6MM paid subs. That said the number is an 8% increase from a year ago, and will largely be thanks to international subs, which were an addition of 7.31MM in the quarter, up from 5.07MM in Q3, while domestic paid subs rose 1.53MM, up from 1.00MM in Q3. Finally, for the full year, Netflix added 29MM new paid subs vs 22MM in 2017.
The problem is that in Q1, Netflix expects a decline in International sub growth, from 7.31Mm to 7.30MM, resulting in a total of 88.07 million international paying subs, even as Paid Domestic Subs increase by 1.60MM in Q1 to 60.09 million subs.
In other words, the recent torrid growth pace now…
Is your morning coffee an espresso or a skinny latte? Is it from a darkly roasted French or Italian blend? If it’s a high quality brew, it’s almost certainly made with beans from the Arabica species (Coffea arabica), which is known for its finer flavours. Examples would be Javan coffees, Ethiopian sidamo, and the expensive Jamaican blue mountain.
If you’ve stirred together an instant blend, it’s probably from a different species, Robusta (Coffea canephora), known for its harsher taste. But there are more than 100 species of coffee in the wild. All produce similar beans that you could make a recognisable coffee drink from.
Robusta is sometimes openly mixed with Arabica in commercial products – and is often secretly used to adulterate “100% Arabica” products, too. A third species, Coffea liberica, native to west and central Africa, is widely grown for local use in tropical countries, but is not globally traded because of its more bitter taste.
A fourth species Coffea eugenoides was bred with Robusta in ancient times to give rise to Arabica, a crossbreed. Another 38 closely related species can cross-fertilise commercial coffees through pollen transfer.
There are a further 82 species which are more distantly related to the commercial breeds, but scientists could interbreed them with commercial coffees in a lab. All these coffee relatives can help enhance the genetic diversity of commercial coffee species, making them more adaptable to changes in their environment.
All major commercial coffee growing countries have been badly affected by the fungal disease “coffee leaf rust”, which spread across Africa and into Asia during the early 20th century, then to South America, becoming entrenched globally by…
Of course, given the NCAA's rules against players accepting gifts, it's unclear whether the team will be able to accept the offer. But the restaurant's owner, who specified that he "doesn't care about football", said in a tweet that the special meal would be "what an actual celebration dinner should be" and that it would be "worth it."
I could care less about college football. But I'm personally inviting the Clemson Tigers team and coaches to Chicago to experience what an actual celebration dinner should be.
I'm not joking.
Someone let them know what The Alinea Group does. It'll be worth it@ClemsonTigers
To be clear, Kokonas said in an interview with the Chicago Tribune that he doesn't think there's anything wrong with fast food. But he said the football players likely have never experienced "nothing quite like what we do."
"I like a burger as much as anyone else. At the end of the day, though, I’m betting they’ve had that, as football players, a thousand times. I bet they’ve had nothing quite like what we do."
And in a snarky aside directed at Trump, Kokonas said that, though "we are not billionaires", his restaurant group has enough resources to "do it right."
“We’re not billionaires, but we can afford to do it the right way," Kokonas continued. "I’m trying to make this as nonpolitical as possible. For me, this isn’t about politics. It’s about something we can do to correct something I thought was just wrong. That’s it."
We're still waiting for Warren Buffett – another notable McDonald's fan – to invite the entire team to dinner at his favorite Omaha steakhouse.
“Jack Bogle has done probably more for the American investor than any man in the country.”
– Warren Buffett
I didn’t have any worthwhile mentorship during the first half of my career. It wasn’t until I shed my brokerage licenses and became a fiduciary investment advisor ten years ago that I came into contact with the ideas and philosophies of John C. Bogle, the founder of Vanguard and inventor of the index fund, who died yesterday at the age of 89.
But the way in which he described good investing, the morality behind his message and the unmistakeable truth and clarity with which he explained things changed everything for me. The only people who come across his message and then subsequently disagree with it are those whose careers depend upon their not believing. Bogle had the math on his side, and just about all of the salient facts pertaining to industry conflicts, human psychology and investor behavior.
People mistakenly infer from Jack’s career that he only believed in market-cap weighted indexing. This is a gigantic misunderstanding. What he actually believed, based on over fifty years of experience in the mutual fund business, is that keeping costs low (fees, expenses, tax liabilities, etc) is preferable to any amount of excess return that an active manager might be relied upon to generate. Jack once said he’d rather invest in a low cost active fund than a high cost passive fund. His son actively managed a mutual fund in which Jack himself was an investor. In fact, nearly half of Vanguard’s assets under management are in actively managed funds, such as the Wellington fund, one of the crown jewels of the firm’s collection.
Jack Bogle and Chip Roame, April 2017 in New York City
Registered investment advisory firms like mine created an entire multi-trillion business based on the teachings of Bogle and
This weekend’s Barron’s had a great interview with Jack Bogle of Vanguard. Jack took on some of the more popular myths about the index revolution, including the one where people accuse the popularity of ETFs and the like for pushing up the values of the top ten stocks.
Which is actually illogical when you think about it. Wouldn’t those flows be more meaningful to the thousands of smaller stocks that are also being “bought indiscriminately”? And why, then, are there stocks that were in the top ten recently that have fallen so hard if easy money is just flowing in to buy everything?
Shortly after BNP Paribas closed its prop trading unit (reminding readers of the financial press that the practice of risking shareholder money for profit continued in Europe after the financial crisis, along with the sometimes enormous consequences of seemingly trivial human errors) and its US commodities derivatives trading unit, the Paris-based bank's smaller cross-town rival SocGen is weighing whether to close its own $4.7 billion prop trading desk after four years of middling-to-abysmal returns, crowned by a 20% loss in 2018 that the bank blamed on the explosion of volatility during Q4, according to Bloomberg.
Q4 earnings season is still in its early days, but already every major bank has blamed trading-unit losses on Q4 volatility, and SocGen isn't an exception. BBG reported that the bank shuttered its prop unit's Hong Kong trading desk late last year as losses force it to abandon several trading strategies (BTFD?).
The bank has already revealed a 10% drop in revenue for its market unit that it attributed to activity in Q4.
French regulators allowed prop trading to continue after the crisis – while the Volcker rule effectively banned the practice in the US – but prop trading units must now follow more strict controls on capital requirements and costs, among other factors.
To be sure, this isn't the first time the bank has placed its prop trading unit under review.
Descartes, named for the 17th-century French philosopher, had 4.1 billion euros ($4.7 billion) of assets at the end of 2017, according to filings. The unit had 377 million euros of capital, equal to about 4.5 percent of SocGen’s funds for global-markets and investor services activities, the filings show.
Executives at SocGen have reviewed the performance of Descartes several times since its creation. The unit, which has staff in Paris and London, has made less than 1 million euros in accumulated profits between 2015 and 2017, according to filings.
The losses at the Descartes unit will likely make life even more difficult for SocGen CEO Frederic Oudea after the bank paid some $2.6 billion in fines last year
The issues at Descartes compound the problems facing SocGen…
The legendary John Bogle passed away yesterday in Bryn Mawr, Pennsylvania. He was 89. Bogle was the founder of Vanguard Group. In announcing his death, Vanguard said that Bogle “introduced the first index mutual fund for investors and, in the face of skeptics, stood behind the concept until it gained widespread acceptance; and he drove down costs across the mutual fund industry by ceaselessly campaigning in the interests of investors.”
We’ll always remember Bogle for the courage he demonstrated on April 23, 2013 when he appeared on the PBS program Frontline. Bogle dropped the bombshell that Wall Street has attempted to hide for half a century: If you work for 50 years and receive the typical long-term return of 7 percent on your 401(k) plan and your fees are 2 percent, almost two-thirds of your account will go to Wall Street.
Bogle explained the math to Frontline’s Martin Smith:
Bogle: What happens in the fund business is the magic of compound returns is overwhelmed by the tyranny of compounding costs. It’s a mathematical fact. There’s no getting around it. The fact that we don’t look at it— too bad for us.
By Jacob Wolinsky. Originally published at ValueWalk.
Whitney Tilson’s email discussing his plans to climb El Cap and training his grip strength.
With my plans to climb the Nose of El Cap later this year, I’m starting to train for it: I joined a rock gym (Steep Rock Bouldering) a few blocks from my house and try to stop by for a half hour o...
Echoing Bloomberg's sentiment indicator, University of Michigan's survey shows Americans' confidence collapsed heading into January with 'expectations' plunging to Oct 2016 lows.
The University of Michigan’s preliminary January sentiment index fell to 90.7 from the prior month, missing all estimates in a Bloomberg survey of economists. The measures of current conditionsand expectations both declined to the lowest since President Donald Trump's election in 2016.
We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.
The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.
Joe Friday Just The Facts Ma’am- All of these indices hit long-term rising support on Christmas Eve at each (1), where support held and rallies have followed.
Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.
Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...
Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.
Blockchain is a secure chain of digital records that exist on multiple computers simultaneously so no record can be erased or falsified. The...
In last week’s recap we asked: “Has the Fed solved all the market’s problems in 1 speech?”
Thus far the market says yes! As Guns n Roses preached – all we need is a little “patience”. Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets. And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!
Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...
Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene
Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.
The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...
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
...
Phil has a chapter in a newly-released eBook that we think you’ll enjoy.
In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.
This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.
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...
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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...
Ilene is editor and affiliate program
coordinator for PSW. She manages the site
