I would never be in this position if it were not for Phil. I still make some howlers (RIMM, TBT, TRGT) but I play the percentages and my winners outdistance my losers by many miles. I no longer worry about opex coming as I have adjusted well in time for most positions that go against me. No point in waiting till opex to see what happens, and I will just sell 10 of those VLO puts to make myself net the round 50. The trade was put on one year ago for a net credit and exited five minutes ago for a 49 dollar per contract profit. I just sold an AAPL Jan 12 340/390 BCS financed by the sales of Jan 12 275 Put. Like planting trees being the house, 20% sale items, selling into the excitement. It is amazing when you go over the same information time and time again, eventually it clicks. Have not done my 10,000 hours, but a couple of years at PSW, and moved from fishing with a single line to owner of a commercial trawler (metaphorically speaking). …and your members are impressive as well. Your commentary is literally outstanding. Phil you gave me a road map and I simply followed the signs along the way.Īll I can say is - I understand that the Universe sent me to PSW for a reason. It was a nice day thanks to your help! Made over $1100 shorting TF every time it came up near 1260 and even more by going long oil before inventory under $46 and then waited patiently for the spike up into the close where I shorted it at 47.70 or so. I have sent out a number of invites to friends and family for stockworld! Have learned a great deal here in a very short time. 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. Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours. I'm sure it was difficult and consistent work, but it did pay off. Only one who has been a student of the economy and the markets over a period of time could have done this, and so many other accurate calls. You called the March 2009 market upward reversal almost to the day, and the AAPL reversal to THE day. I have to congratulate you for your accuracy.
long term, swing or day trading the market moves.Īs a longer term trader, I really like you long term calls, as I for one recognize the difficulty of calling these, because the further out you go in time, projecting price movement becomes more difficult. as it is obviously beneficial to so many "styles" of trading the markets. I enjoy your informative materials, Phil. Thanks to everyone who contributes here, what a sweet way to trade, so many opportunities. Rest of the account is there to day trade, cover the writes and take advantage of opportunities. I don`t worry about it, or mess with it much, did a few rolls etc. That part of my account is up 30% as of today.
A majority of the trades were taken directly from your ideas or someone else`s contributions. 25% of my account is in buy/writes, bull call spreads and disaster hedges. Phil, Passed a milestone today since joining 2 months ago.
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