Fast_Money

Repeate: "How to roll a spread . . . . . ."

2015-07-12T12:34:00.003-07:00

Here is how I roll a spread. This is that important please learn it!

https://docs.google.com/spreadsheets/d/1M5xnAW3E2lhEdZWTVUz87qbl53fiLr1hj4UtoOxinik/edit#gid=0

There are several ways to do this is just one of the simpler ones.

Don’t forget to run you investment or trading business like a business, PLEASE.

Are you aware you get to services for the price of one when you sign up for FastMoneyTradingRoom.com?

So how did we do for the last week in the Fast Money Trading Team trading room & Slow Money Options last week? Please take a look at the results below. Come on let me teach you how to Fast Money Trade. I have had hundreds students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have a open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business?

Some in Greece are wondering where did the money go . . . better pay attention and learn the signs.

2015-06-28T13:46:00.001-07:00

When you wake up Monday morning and turn on the news here is what you will hear. Greece has introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff to a dangerous new level.

The Athens stock exchange will also be closed as the government tries to manage the financial fallout of the disagreement with the European Union and the International Monetary Fund.

Greece's banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday.

Greece blamed the ECB, which had made it difficult for the banks to open because it froze the level of funding support rather than increasing it to cover a rise in withdrawals from worried depositors, for the moves.

Prime Minister Alexis Tsipras said the decision to reject Greece's request for a short extension of the bailout program was "an unprecedented act" that called into question the ability of a country to decide an issue affecting its sovereign rights.

How do you want to play this is up to you. Maybe a better question what would you do if this happened you in the US markets?

Don’t forget to run you investment or trading business like a business, PLEASE.

Are you aware you get to services for the price of one when you sign up for FastMoneyTradingRoom.com?

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Top 5 Characteristics of a Good Shepherd (Trader)? in The Year of the Sheep

2015-06-21T13:25:00.000-07:00

Please insert the word TRADER every time you see the word Sheep!

1. Understands the needs of the sheep better than they do-In Market terms-if you are a position swing trader (different than a buy and hold no matter what investor), understanding that sheep will herd, graze, scatter, poop then rejoin the herd-means you understand that this is the nature of the 2015 trading range. The Shepherd should be one step ahead of the herd!

2. Understands what threatens sheep and what makes them sick-The market fears uncertainty. Currently, there are a few areas of concern. Greece might be the number one. The Federal Reserve’s ongoing policy is another. Then, there’s basic fear mongering prevalent pretty much always, but particularly rears its ugly head when fueled by the above uncertainty.

3. Works tirelessly to provide protection and security-This is where trading with a calm head and having a bottom line level of risk exposure planned for in advance (position sizing based on a sane percentage of your overall equity), are ways to take emotions out of the trading process. You do this in my teachings of Fast Money Trading. Setting up you trades and using consistent stops on top and bottom or all trades.

4. Shears sheep and examines each one for injury or disease-In a trading range or enclosed sheep pasture, it is beneficial to lock in profits or shear your positions when they are going your way. That way, if a trade gets “injured” you have already taken profits off the table. This is in your traders notebook and you probably have been doing this for some time anyway.

5. Keeps sheep “on the move” so they don’t get into a rut-This means two things really. First, having a well-balance portfolio so should one position falter, trading across several asset classes helps your portfolio from falling into a “rut”. Secondly, even with locking in profits on rallies, holding partial positions going your way, takes advantage of potential further momentum. Daily “Momentum Numbers” takes care of this.

Our flock consists of the Modern Family. They consist of BBRY, a teck stock. JCP a retail company, AAPL another teck altho much bigger, BAC represents the banking industry. SLW represents the metals, BBY a retailer.

Don’t forget to run you investment or trading business like a business, PLEASE.

Are you aware you get to services for the price of one when you sign up for FastMoneyTradingRoom.com?

So how did we do for the last week in the Fast Money Trading Team trading room & no Slow Money Options or trades for me last week I was on a much needed costal vacation. Probably won’t be going there again due to the sharks in the water Come on let me teach you how to Fast Money Trade. I have had hundreds students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have a open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Prepare for big drop in markets as GREECE prepares to default on its loans.

2015-06-07T12:23:00.000-07:00

I have decided to take a summer vacation during the week of June 15 through June 20. Its summer time.

This week in the news is the GREEK debt. Seems a few years ago Greek wanted to stay in the Eurozone and asked for a government bailout, and received very lenient one. Greek seemed ok with the terms but made no concessions for the tough rules that needed to apply and cutbacks to its people. Greek treated the bailout funds not as a loan that must be payed back but more as

an entitlement and gift. They even voted out the party that secured the bailout loan with one that said we will continue giving you more and more free benefits with out so much of a word. Last week the Greek government gave there lenders a plan for payback but seemed not serious. The eurozone was furious and has threatened to kick Greece out of the Eurodollar and the Eurozone which will put Greece in default and back to a 3rd world country. Everything costing Greece many times more and wether they want it or not hard time will come to all Greeks in the event this happens. There Bonds are not yielding 25%+ and few takers. It is going to get a lot worse before it gets any better for the citizens of Greece. Seems we never learn but history does repeat itself and when were in the mists of it think that it is not effecting us or some now it is different this time.

Don’t forget to run you investment or trading business like a business, PLEASE.

So how did we do for the last weekin the Fast Money Trading Team trading room several made records amounts of money most hit there daily goals I made $1366 despite Monday a loosing day and Friday stopped out with 0 gain/loss. You can look below and review. Slow Money Option Trading Only had Puts spread on AAPL and made 9% on SPY had the put spread netted 6% and also did the call spread that netted 5%.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have a open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Summertime and Forrest Gump

2015-05-31T13:03:00.001-07:00

Summer has started early . . . What would Forrest Gump do?

Well, its been a couple of weeks again and I’am still finding it difficult to find anything to write about. Markets had started the summer slow down a little early and almost come to a halt on volume. I have decided to take a summer vacation during the week of June 15 through June 20. Its summer time.

One of the more memorable scenes in "Forrest Gump" happens when the title character's shrimping money is invested by his partner, Lt. Dan, in what Forrest describes as "some kind of fruit company."

That fruit company, of course, was Apple Computer, which would go on to become the largest and most profitable corporation in the history of the world.

Inspired by a conversation on Quora about how an investment in Apple at the time the movie was released in 1994 would have performed, we decided to instead estimate what Forrest and Lt. Dan's investment would be worth today.

Unfortunately, the movie is not overly specific about the size or exact timing of Lt. Dan and Forrest's investment. There is, however, a very narrow window in which the investment could have happened.

Apple was initially founded on April 1, 1976. The scene in which Forrest receives his letter from the "fruit company" thus needs to happen after that date.

However, according to this upload of the movie's script, a few scenes after Forrest gets that letter, he and Jenny are watching a TV broadcast of the bicentennial celebrations that took place on July 4, 1976. Therefore, Lt. Dan must have made that investment somewhere in the three-month period between those two dates.

Regardless of exactly when the investment was made, Apple would not go public for another four years, and so trying to nail down a stock price or valuation of Bubba-Gump Shrimp's investment in the computer company is very difficult.

To make our lives easier, we considered what the price return on a $10,000 investment in Apple at the time of the company's IPO on December 12, 1980 would have been in the long run for Forrest and friends.

It would actually take some time for the Apple investment to mature to the point where Forrest "don't have to worry about money no more." The stock's price hovered at or below the IPO value for a couple years. It would double in value for a brief time by May 1983, before stagnating throughout most of the rest of the 1980s.

On the July 6, 1994 release date for "Forrest Gump", Forrest and Lt. Dan's hypothetical $10,000 investment would have been worth $18,173.

The stock didn't really take off until Apple's successes in the 2000s and beyond.

But if Forrest were still holding onto his Apple investment today, it would be worth over $2.5 million.

courtesy of (Business Insider/Andy Kiersz, data from Google Finance)

Don’t forget to run you investment or trading business like a business, PLEASE.

So how did we do for the last 2 weeks in the Fast Money Trading Team trading room look below and review the results, hint very well. Slow Money Option Trading did just OK, not many trades again look below for the results

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have a open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Summer has started early . . .

2015-05-03T09:43:00.000-07:00

Well, its been a couple of weeks and I didn’t feel like I had anything to write about. Markets had started the summer slow down a little early and then Pow! Earning reports starting coming and surprise surprise banks led the charge and tech followed and took over. All the markets made 15 year high but still lots of people tell me were not back to where we were 8 years ago. Ask your self how can that be when seems daily were making new highs on the averages. I’ll tell you, you don’t own the averages you own individual stocks and over that time period yeah companies might be doing better but you've got to remember when companies lost 20-30 or 50% of there value things change. Thats what happened things had to change for those companies to survive. Changed management and style, companies shrunk, they reorginized, changed product mix closed divisions, pulled out of certain markets. Today lots of companies are shells of there former. There cleaner, leaner and eager to prove there worth. They will rise but we may have to wait till the market cycle is ready for that industry for the former starts to shine once again. It will happen.

Don’t forget to run you investment or trading business like a business, PLEASE.

So how did we do for the last 2 weeks in the Fast Money Trading Team trading room look below and review the results, hint very well. Slow Money Option Trading did equally well just not many trades again look below for the results

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Why is everyone nervous . . ?

2015-03-22T16:01:00.001-07:00

We as investors are enjoying near-record levels for major stock indexes but we will scrutinize the housing data and other economic indicators in the weeks to come.

Concern about the Federal Reserve's path of rate increases have resulted in big swings in the S&P 500 on a daily basis, even though overall expectations for volatility remain low. Now reduced expectations of approaching rate hikes, the S&P 500 (.SPX) came close to record closing highs on Friday. "Any piece of economic data that speaks to the pace of job creation or inflation/defation will be watched very closely.

With Wall Street bracing for the first Fed rate hike since 2006, the S&P 500 on average this year has fluctuated 24 points per session, its most volatile since December 2011, according to Reuters . After U.S. consumer prices in January fell their furthest in 6 yrs. due to low gasoline prices, Tuesday's February Consumer Price Index is expected to be up 0.2 percent, according to a Reuters poll. The U.S. economy's growth prospects and the outlook for rate hikes have also been wishy washy by the strong dollar. The dollars 20% surge over a year has caused about 50 companies to reduce earnings expectations for the first quarter, and more could be on the way.

Investors also worry about falling oil prices and how much of the recent drop is attributable to global economic weakness as opposed to oversupply. Some investors worry that consumers are not spending money freed up by lower gasoline prices on more goods and services.

So why is everyone nervous? Lets see, Russia, Putin, the powder keg in the middle east, Obama, tax time is around the corner, portfolios have not preformed at expected, unexplained plane crashes. ”That’s why everyone is nervous."

Don’t forget to run you investment or trading business like a business, PLEASE.

I will be going on vacation March 30 through April 3 trading days and will not trade either in the FAST MONET TRADING room or the SLOW MONEY OPTIONS. I will resume Monday April 6th, 2015

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Want to own your own business . . ?

2015-02-22T10:36:00.001-08:00

Ever Wanted to own you own business? Of course you have the majority of Americans have asked that question at one time or another. They think that business owners make lots of money and have a easier life that what they have been dealt. They see the local stores in there communities that seem to be doing very well and jet the US Government will tell you that the majority of business fail. Why you ask? Well it is a lack of several things,, business plan, site location, inventory control, the ability to hire and train employees, the inability to read a financial statement, being under capitalized, not planning for worst case situations, continued marketing, daily weekly and monthly. I'm just getting started. Of course you could buy a franchise and your odds of beating the US Gov. statistics would increase because the franchise has lots if not most of the systems and procedures already in place for there new franchise. You lave to be able to multi task and be a lot of things that your really know very little about.

So what about trading stocks for a living? BIG IF? I know but when you analyze the top 7% of professional traders that is exactly what they do. There running a business, with hours, overhead cost, expenses, systems rules, procedures and capital. This is what I bring to the table because you see I have successfully build ,run and sold profitable businesses. And my teaching style in the FastMoneyTradingRoom.com site brings all this together.

So how did we do for the first week in the Fast Money Trading Team trading room $1099 for the week did not obtain my weekly goal of $1250. Slow Money Option Trading had 4 recommendations and all were winners the SPY call started out with a 13% gain but by the end of the day had lost more that 50% of its value and by following RULE #1 (when ever you make 50% of more in a day take the profits) closed it out at .05 cr. giving me an 7% gain, the Puts closed out Friday with a 7% and APPLE calls gain of 6% and the puts gave us 4%. What we strive to achieve on a weekly basis is consistency, If achieved will have great rewards down the road.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

2015-02-22T10:06:00.001-08:00

DOW from 1770 till 2014

2015-02-22T10:00:00.000-08:00

AAPL is the giant killer?

2015-01-11T10:09:00.000-08:00

AAPL has come along and in the last ten years become the dormant in its industry or annihilated it competiton.

#1 The music industry . Pretty much gone ,no 8 track tapes, no 45’s, no cassettes, no CD’s just rent from AAPL’s huge music library. Created this market.

#2 Camera, now the iPhone is the main camera maker in the US markets, Kodak is not selling film its gone Film cameras are gone digital pictures are and have been the rage and ease of taking. Cannon look out.

With the use of WIFI now communication with voice, pictures, movies, texting and talking have grown way beyond what was imagined just a few years ago. Remembering the breakup of ma-bell, no one thought what else can there be to the phone industry. It must be dead.

#3 The makers of the old PDA’s there gone thanks to the smart phone.

#4 Now in the process of eliminating the credit card- YES. AAPL has started something called smart pay where you swipe your phone across the reader. This is probably the biggest break for AAPL followers. Much bigger that the music industry.

#5 Women’s purses are also on the way out, well maybe not completely but not like it was 10 yrs ago. Your phone has all credit card info, pictures, camera, computer, calendar, appointment book any file that you can think of or need, alarm clocks, up to the minutes news, portfolio management, vacation planner, full internet capable,tracking and monitoring what you eat, exercise, and overall health oh yeah I almost forgot it is a phone also.

You see that the smart phone or iPhone has and will continue to dominate these fields and others for quite some time.. My advise is to buy Apple every chance that you get and continue to acquire it will be you retirement and way to wealth.

So how did we do for the first week in the Fast Money Trading Team trading room $1210 for the week. Slow Money Option Trading had 4 recommendations and all were winners the SPY call need 5%, the Puts need 4% and APPLE calls gain of 3% and the puts gave us 10%. What we strive to achieve on a weekly basis is consistency, If achieved will have great rewards down the road.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

9 days till Christmas . . . and last week was a mess.

2014-12-14T13:20:00.000-08:00

MY RULES . . . Slow Money Option trading: see DROPBOX folder for updated and additional rules.
#1. If you receive a 50% return the 1st day take profits.
#2. If your position goes to .01 credit and there is more that 1 day till experation close position.
#3. Risk no more than 2 times your collected premium. If you collected .05 risk to .10
#4. Trade at top and bottom of Bollinger bands
#5. Remember time value is on your side.
#6. Once price is established DO NOT chase.
#7. Always take the more conservative trade.
#8 The later in the week you take the trade usually the less risk.
#9. More rules to come :-) Keep it simple
#10. Put your own rules in play.
#11. Roll as your last option
#12. If day of expiration price breaks previous days high or low you should probably close position.

These are my rules for trading SLOW MONEY OPTIONS don’t get rules confused with other styles of trading or strategies. Use what has worked for you and discard what has not. Making you own Traders Notebook is critical in your success.

When I follow my rules I'm OK, its when I don’t that I get into trouble. I don’t know why after all these years Ill stray off at times I have good results when followed. I guess it like baking a cake. You’ve have done it so many times in the past that you don’t measure quite like you aught to. Later when the cake is done you don’t know what you did different but it just doesn’t taste like it use to and you family tells you.

The volatility is continuing in the stocks and options markets. After seeing an all time high it the DOW and the S&P you wound have guessed it might go higher. Well it didn’t and it continues coming down. Every rally seem to sputter and fail giving up hopes of a year end rally. We have grown accustomed to markets going up and up and forget they can go up sideways of down. As traders we must be more keen to this that the investors of casual trader. Paying attention to momentum and RSI and Oh don’t forget Volume. The all tel the tale of the tape. Next week will be even more interesting because the holidays are on us and you will start see the holiday effect taking place towards the end of the week.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

26 days till Christmas . . . how has your year been?

2014-11-30T10:16:00.004-08:00

Last week I did not trade because of fear of volatility in spreads due to the holiday effect. When we have low volume as we would on Black Friday, the markets are susceptible to reactionary swings and I wasn't about to ruin my Thanksgiving weekend was something occurring on Thursday that makes the markets react terribly on Friday morning and threaten a position. As we go into our last month of trading we will see how well we come out.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Short week due to Thanksgiving!

2014-11-23T10:04:00.003-08:00

The past week was great for both Fast Money Trading and Slow Money Options. This coming week I will only trade the first 2 days. The reason is Thanksgiving falls on a Thursday. The day before there will be light trading and the day after very light trading. I choose not to take on that kind of risk knowing it in advance. That is what experience teaches you.

Here is an interesting note I talk about in my book, “The First 60 Minutes Of Trading”.

The Pre-Holiday Effect

Over the past century, there have been nine holidays during which the Exchanges have traditionally been closed. Historical research shows that stock prices often behave in a specific manner in each of the two trading days preceding these holidays. By becoming aware of this behavior, both short-term traders and longer-term investors can benefit. The general strategy is to purchase equities one or two days prior to a holiday. Short-term traders would look to sell just after the holiday while longer-term investors would wait until yearend. Both strategies have proven to be profitable plays. The theory behind this effect is that traders are lightening up their holdings

(selling) prior to the three-day holiday in order to avoid any unexpected bad news. The selling pressure drives stock prices down, making those days a good opportunity for buying lower in the range. Here is the average pre-holiday results for the last 50 years, based on the S&P 500 Index:

Holiday Buy two days before, sell at year end Buy one day before, sell at year end

President’s Day* -0.1% 12.2%

Good Friday 7.3% 17.8%

Memorial Day -4.7% 22.8%

Independence Day 13.3% 37.3%

Labor Day 16.8% 33.7%

Election Day 17.9% 4.6%

Thanksgiving 4.3% 1.1%

Christmas -7.1% 15.2%

New Year’s 31.1% 19.6%

NOTE: President’s Day data is comprised of the aggregate of both Washington and Lincoln’s Birthday prior to 1998. The original research was based on the behavior of the S&P 500 Index around the 419 holiday market closings that occurred from 1928 to 1975. To put those returns in perspective, if you had invested $10,000 in the S&P 500 Index in January 1928, and sold it all in December 1975, you would have ended up with $51,441. However, if you had invested one-ninth of your money just before each pre-holiday period (selling everything at the end of the year), you would have finished with $1,440,716. Not bad!

So how did we do last week in SMO?

Last week I traded the SPY Put spreads gaining 5%. I also traded APPLE put spread for 4% gain Repeating myself but you should have the weekly charts up on these stocks with bollenger bands. Oh and don’t forget the big red lines I've told you about it keeps you from getting into trouble.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

The art of Fast Money Trading

2014-11-16T13:16:00.001-08:00

The

7 Habits

of a

Highly

Successful

Trader

Bruce “Bill” Brents

www.FastMoney-Trading.com

and member of

www.FastMoneyTradingTeam.com

Table of Contents: page

Take Complete Responsibility: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Have A System That Fits You: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Plan a Trade and Trade a Plan:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Work hard at learning How to Trade Properly and Keep Working: . .12

Positive Self – Belief:

View Trading as a Score in Points and Not In Money:

Keep trading as Part of a Balanced Life:

Conclusion:

#1 Take Complete Responsibility:

The successful trader knows every action he/she takes, every decision (s)he makes (s)he, and only (s)he, is responsible for that action.

You will never meet a successful trader who is looking to blame someone else, or something else for the consequences of his results. It just will not happen.

I believe, when you accept 100%, no questions asked responsibility for all your actions you close the door o\to “excuses” behind you. When something goes wrong instead of looking for someone else to shoulder the blame, you will accept responsibility; note it down and vow never to repeat it again. Simply, you are willing to accept you are going to make mistakes, but more importantly, you are going to learn and never repeat those mistakes. A vital component of any winning trader.

Could you imagine Warren Buffet losing a few million $$$$’s on a share traded and then blaming the general conditions of the market. Or blaming his broker for giving him bad advice? No Way! It’s just not going to happen. I guarantee when top traders take a loss the first thing they will ask themselves is “ Did I follow my rules?” If the answer is yes, then they will look at their rules. Is there something that could be changed in their rules to avoid this loss again? Many times the answer will be a re-sounding NO.

On the other hand, if after asking the question “did I follow my rules?” If the answer is NO. Then some deep self-explanation will be called for. Why did I fail to follow my rules? How can I stop myself from doing that again? Am I likely to do that again, etc?

But do you notice the wording of the questions? How can I, Will I, Why did I. I, I, I here the trader knows (s)he takes total responsibility for every trade and is seeking reassurance that (s)he will not break the rules again.

There’s an old saying in trading: “If you have to ask you shouldn’t be trading.”

Think about it. If you have a system that you have tested and proven over the long run that is does outperform the market and it is a system that fits you, why will you EVER have to ask for an opinion? What extra will a third party opinion provide? Apart from confusing you and clouding your opinion?

If you’re a long-term trend follower then why ask a day trader? If you are a value investor then asking a momentum trader will be a total waste of time. What I am saying is, no two people have the same opinion. Why would you believe someone else over your trading rules? It is a fact of life, and even more so in trading, most people want to be told what to do rather than acting on their own. Yet this is a major reason most people fail in the markets. Either accept total responsibility for your trading action or do not trade at all.

If your number one rule is “to follow your rules” why will you need to ask a guru what they think of your position? If you EVER find yourself wanting to ask a third party about your position do this:

Close the position out.
Review your plan and rules.
Work out why you lack the responsibility to follow that plan.
When you are convinced you don’t need a third party opinion start trading again.

How can a trader learn to accept total responsibility? Have a set of rules and realize THE most important point in trading is following those rules. Once you have a set of firmly established rules you will find yourself not having to follow outside opinion. In fact I go to great lengths not to listen to outside opinion. Simply because, I know by following my rules I will be on the right side of the market 97% of the time and I will never miss a big move. Those kinds of figures are much better that any outside source can give you.

So from today on, learn to take total responsibility for all your trading decisions. Strive to develop and then religiously follow a set of trading rules, knowing it is the importance of following those rules that ultimately determines whether you will win or lose in the long run.

If you ever find yourself thinking, “they did this” of, “the market caused that loss.” Change it to, “Did I follow my rules?” If the answer is YES then pat yourself on the back as you are on your way to becoming a market winner (one of the minority). If the answer is NO find out why and strive never to repeat this error again.

Accept total and utter responsibility for every trade you take from today forward and you’ll be amazed at how easy trading really is.

#2 have A System That Fits You:

Every successful trader, investor, money manager, etc.. Has a system that fits them. Some are long term, some mechanical, some intuitive, day traders, scalpers, arbitrage, value, and momentum. The system it self is not the important factor.. What is? It that the system fits their unique personality.

The system does not matter. Oh, I’ve heard of value investor Warren Buffet who makes untold millions from the stock market. I’ve heard of day traders taking home over $2 million per year in profits. I’ve heard of a cabbie making $2.5 million from Momentum trading. What do they all have in common? AS you can see it’s not the system but they operate a style of trading that they are both happy with and excel at. They wouldn’t dream of trading any other way. No one told them to trade this way it just happened this way.

Too many traders try to copy the latest hot fad in trading. Right now that would be day trading. But the style of trading will not suite every-one. To be a successful day trader you have to love the short term up and downs of the market during the day. Being in contact with quotes for hours at a time. Yes, there are a number of traders making a very good income from day trading, but there’s more many more who lose their shits within a couple of months and don’t even find out whether day trading is suited to their temperament.

For some traders buying a stock and holding on to it for a year as it doubles in price wood be torture. Although long term investing can offer fantastic rewards with very little work unless you have the patience and discipline to ride your profits all the way to the top then you’ll never succeed with this method.

It’s a little like choosing a career. I remember reading a book some time ago about the world’s best managers. The author emphases one characteristic with all these top achievers was their LOVE for their chosen careers. Most of them said they couldn’t believe they were getting paid to do something they loved so much. It’s no different in trading. You will only be a top trader if you trade a system, which you simply love to trade. You wouldn’t swap that way of trading for anything. And the profits you make, well that’s just icing on the cake.

How do you find a system you are happy with? You have to work backwards. First work out you objectives! Ask these questions:

What annual rate of return do I want?
Do I want to trade full time, part time, or hardly any time?
Can I handle the stress of day trading and short term trading?
Do I have the patience for long term trading?
What kind of personally am I? Do I need lots of action; do I need to make decisions all the time?
What trading books have I read and which top traders do I admire most and why? Could I easily copy their style of trading?

Whatever you do don’t read about a hotshot day trader and try to emulate him if day trading is not for you. Strive to find a way of trading you will be comfortable with and aim to become the world’s best at that style of trading.

For me I like the thought of buying a share at $30 and selling it 9 months later for $130. Sure it doesn’t happen all the time. But it only takes one or two of these moves per year to make it a fantastic return. I am very patient. Not only whilst in a trade but I see absolutely nothing wrong with sitting on the sidelines for months. If the conditions aren’t right for me than I will not trade. I love the idea of spending just a few minutes per day checking the charts and the rest of the time is mine to study and write, or what ever. For me the big money is in the big moves, not the individual fluctuations.

This style of trading will not suite everyone, but the point is after many years of trial and error I have found a system that fits me and I aim to become The world’s best trader with this system. You must do the same. If you are trading a system that does not fit your personally you can never gain the confidence nor the results to truly make the big profits. If you are a new trader or an unsuccessful one than I suggest you start by asking yourself “What kind of trading suites my personally?” Spend lots of time getting this correct, as this is your foundation. Build a strong foundation and your trading system will be strong and stand the test of time. Build a weak foundation and your trading system will crumble along with your money.

This is where the majority of traders go wrong. They have no idea which style of trading suites them. They keep buying into the latest software, or listening to the new guru, hoping this will change their trading results. Most never get to know what successful trading is all about as the average trader last SIX (6) months. I believe any trader who can last over TWO years in the market will probably go on to become one of those rare breeds: A Stock Market Winner. Why? Because after two years start to develop a set of rules that fits them. They start trading a way they are comfortable with. Unfortunately, in their haste to make a tom of money, most traders will never get two years experience before the lose their money and or their interest.

Say it today.

“I will find a system that first me and I will become THE world’s best trader at this ONE style of trading.”

Now get to work. There is a lot of soul searching to be done.

#3 Plan a trade and Trade a Plan:

Without a doubt, no trader will last long if he doesn’t plan every trade. But there is absolutely no point in making a plan for a trade if you are not disciplined enough to follow it.

A plan should care for every eventuality. An old trader once said, “Don’t worry about hwere prices are going. Worry about what you are going to do when they get there.”

Think about what is being said here. Once you put your money down on a trade you cannot control the prices. So stop worrying about what could happen and concentrate on you trigger points and what you will do when these points are violated. By doing this trading stops being emotional and now becomes very systematic and stress free. Look at this example:

#1 You like the look of stock ABC corp. currently trading as $40 and you place a buy 100, stop in a $42. This is just the beginning. You must them ask and answer the following questions:

If filled on this trade where will I place my initial stop loss, i.e. “How much of my capital am I willing to lose?”
If filled on this trade how will I take profits? By how much will I trail my stop? What exit strategy will I use?
If filled, will I add more shares as the trades goes my way?
If filled and the shares down not showing a profit after X min, days, weeks, will I get out, or will I let my trailing stop exit me from the trade.
If stopped out of this trade will I be willing to try and get back in, or completely scratch the trade and look elsewhere?

#2 So having make a complete plan, prior to entering the trade you place the order to buy 100 ABC corp. at: $42.

#3 You are filled at $42.25, automatically you place a stop order in at $39. No guessing it is done automatically.

#4 The trade goes you way and a second buy order is placed in a $50

#5 You buy 100 more at $50 and the stop is now moves up to $45.

#6 The trade goes you way and you keep raising your stop at a safe distance behind.

#7 Your sell stop is hit at $130 and you exit your trade with a massive profit.

Do you see now that by having a plan everything becomes automatic? You know where to get in, place stops, add and exit. In short you are now trading professionally and not from emotion.

Not once did you have to ask for opinions. Not once were you afraid of letting a profit get away, or of a loss becoming too big. Simply put, if you make a plan and have the discipline to follow it trading becomes very simple and stress free.

In my many years of trading one point I try to get across to other would be traders is the market will always do its utmost to throw you off track. Once committed to a position it’s a little like riding a wild horse. The price will thrash around violently shaking off all scared and emotional traders. It will only be the ones who have the discipline to follow a set plan that will benefit from the full move.

If you ever find yourself having to ask some one for an opinion on a stock you hold then it can only be because you either have not make a plan, or you are second guessing the plan, in which case you may as well not bother making one in the first place.

Planning a trade should be no different from planning a journey. You must plan for all kinds of events. Especially the unforeseen ones. Most of the time a trade will go you way and the plan will barley have to be looked at but what if the shares gaps down? Or run ups? Or maybe goes sideways for six weeks, the market crashes, the company announces a complete surprise announcement that makes the shares gain $30 in one day? If you aren’t prepared for these surprises then when one does happen how are going to find yourself wandering what to do. And once you are trading from the hip, gunslinger style and not from a plan then expect your results to worsen. Having a plan totally removes all opinion and emotions from a trade and anything that does this can only be good news. Time and time again at seminars and meeting I hear the same questions: “I bought ABC stock at $25 a few months ago, do you think I should keep it?”

When I hear such questions I (discreetly) shake my head. How can anyone trade such a way? Where is his plan? When he got into the trade where was his get out point? Basically what the hell is this guy doing trading? Does he really expect to opt perform the market when he has to ask a third part about his stock holdings?

If this guy had a plan and more importantly the discipline to follow he would never ask such a question.

This is probably the single biggest reason people love to follow opinion. People just love to be told to do something rather than thinking of it for them selves. Reading a recent Internet magazine I was astounded by the numbers of followers some of the tip sheets have. The top ones have from 15,000 to 80,000. Are any of these followers really making them self’s better traders? I have no doubt small percentages are but the majority aren’t Why? Because by following some one else they abandon the principles laid down in this book. There is no system. Responsibility has now been shifted to the guru (so there’s the excuse for the losses in place) Worst of all they do not have a solid plan.

When you start following your own plan you will find yourself not wanting to listen to outside opinions. If you hold ABC stock and bought at $60 and your initial stop loss is at $56 then why would you care if the local guru were saying, “SELL ABC it’s over valued and will fall to $20.” For one, he is just as likely to be wrong as write and secondly if your stop is at $56 then let this kick you out of the trade. At least that way when you ask yourself “did I follow my rules today?” the answer will be YES.

I can guarantee before Warren Buffet, of George Soros buys $50,000,000 worth of stocks they know exactly what the will do if prices swing one way or another. Could you imagine Warren Buffet thinking, “gee, I bought $20,000,000 worth of ABC stock and it’s down by 15% what shall I do?” No way! And why should it be any different for your trading? The point is it doesn’t matter whether you are trading with a $5,000 account or a $50,000,000 the principles are the same. You must eliminate all emotion and follow YOUR plan.

To be a winner in the markets you can never trade from emotion and the only way to eliminate emotion is to have the rock solid discipline to follow your own plan. It’s said most traders never plan a trade never mind have the discipline to follow one. If you want to become one of the few market winners you must “Plan every trade and trade every plan.”

#4. Work Hard At Learning How To Trade Propertly

and Keep Working:

Thisn is no different from any other trade. Would you expect to become a airline pilot after attending a weekend seminar and reading a book on how to fly an airplane? Yet, why do som many people expect to become a Market ‘wizard within such a short period of time?

If you ever have the privilege to ask questions to a successful trader you’ll reqalize just how much effort, time, detgermination and lost money it took until they arrived at where the are. Being a consistent stock market winner is no different from being a top airline pilot, doctor, Lawyer, or anyother business professional.

First you must decide that you really do want to trade. Ask yourself is trading the stock market something I am genuinely interested in or are you lured by the potential money it has to offer you? I always remember reading a book called “Grow Rich With Piece of Mind” and “Think and Grow Rich” both by Napolean Hill. Once whyle he was interviewing the top people in a number of professions he came to the conclusion that these people loved their chosen fields. They would have done it for no money. Trading is the same. If your mumber one goal is trading the markets is simply to make as much money as possible then I doube you’ll make it into the super trader status. If you are simply chasing the money it can ve a motivation as long as hyou are motivated to learn and work at what really works in the market and NOT keep chssing the latest hot new trading idea that exploits peoples love of money to make them act.

I am amazed at the nember of traders who have not even read a number of very vasic stock market books. It seems it is too much effort for them to read a book and learn some basic principles. Yet, these people will blow a $10,000 account in less that 6 months chasing the pipe dream. Get real! Successful trading requires not only a lot of ground work but on going effort in order to keep at the very top of your game.

In market wizards’ I and II you will find that, all but one trader, went through years of trail and error, not to mention huge amounts of effort until they became consistent, successful traders. Why should it be any diffenent for us? Are we saying we are better that they are? Make no mistake, just like it takes many years of intense studing to become a tip lawyer, to become a top trader is no diffenent. If you are new then don’t expect to strike out and make 70-80% returns fron the day you start. If you do then please give me a call. I want to see what you have thqt no one else has. Consider the first three years of your trading as going to The University. The stock market is the teacher and your initial account are your fees so please keep it small.

So, what does it mean to work hard at you trading? Well I have broken it down into two sections:

First you will have to spend much time on analyzing yourself, your personality, find a trading style you are most confortable with, learn how to trade properly, read, stydy, askd questions. Bacically, ou are going to have to start from scrach and build a system that fitrs you. It will take a couple of years at a minimum. If this sounds like too much effort GOOD. You have just saved yourself a lot of lost money. Forget trading and move on to something which genuinely interest you.

If doing the above works sounds good, and you can’t wait to get started then maybe there is hope.

Once you have developed a trading system that first you and you have the strong discipline to follow you plan then it is a constant battld ot stay on top of your tadidng. As a trader you will never get there, you are always getting there. You must strive to keep imporing. Never be satisfied with you trading system. I am not saying, “keep looking for a fault,” but I am saying every system and trader can be improved. The markets change their character over time, so keep working on what impoacts new developments have on them. Strive to become even more disciplilned and keep working on your mistakes.

Yes, even vetran traders still make silly mistakes. Look at Jesse Livermore (I suggest you read his book and study and fear the way this guy operated). Jesse Livermore was a stock and commodity trader back in the early 1900’s. He began on a small shoestring account into several millions but kept losing it. On the one hand he was dangerous in that he could not control his emotions. Having run an account up to millions and then losing it, one would think this experience was painful enough so as not to be repeated? Yet when he painfully started from scratch, build his account into several million again, only to lose it in one bad trade, then the alarm bells should have been ringing. Anyone can make a mistake but to not learm from it is fatal. Sadly, after repeating this event one more time he could not face the thought of making a comeback again and took his own life.

So while Livermore was a top trader he never worked enough on his own psychology. Had he worked on a sound money management plan and strictly followed a plan for every trade he would not have created this situation.

The moral of the story? Evey when you have made it to become a successful trader that one fatal mistake is lurking in the dark waiting to hit you. Only by keeping on top of your emotions and working on you trading wiol you avoid running into a casastrophe.

How long does it take to become a competent trader? There is not set time but I would say as a ageneral rule here are some guide lines:

(1st.yr)

Work on finding out whether you are willing to put the time and effort into finding a system that not onlyt works but fits your personality.
Read some basic books on the stock market. Don’t just read them and think “humm that ‘s interesting, next one. Really try to get inside the traders mind. Get a feel for how much time and effort was put in before they became successful, how many times did they go down closed roads? What characteristic make them such a good trader?
Attend a copuple of seminars. But not ones where the “Secrets of t The Stock Markets are Revealed”. The secret is there are no secrets. Give them a wide berth. Go to seminars about basic chart reading skills, psychology of trading, money management, etc. and if the lecture knows his stuff then get his contact information and keep asking as much information as possible.
Using a very simple charting package, start looking at some bar charts of shares and the markets. Do nothing but ovserve.
Buy a self help book. Could be a motivational book or similar work and work through it. My trading and life has become so much better since I started working on myself. It will difitely help in finding a system that fits you.

At the end of year 1 (one) you shoud know whether trading is for you. And a certain kind of trading rechnique should appeal to you more than others. Go with this natural feel, it is the one that first you personality.

If you find trading is not for you? That is ok! You have saved a lot of time and money. Just move on. I is not for everyone. I have personally known of traders who have to go back to the start if they wish to succeed. In the meantime they keep handing money to the market. It is sad because the’ve been trading for years. When will they ever learn?

(year 2)

Open an account wit a small amount of cash. This is your learning fees or I like to say your college tution. Expect to lose it all as part of your fees.
Continue reading, stydying, attending seminars and asking successful traders.
Develop a style of trading you are confortable with. Back test it by hand and get a feel for the size, regularity and number of trades your system gives out. Try to determine how many it comes out worth. Ie did it havce 5 successive losing trades? Did it have 5 successiv e winning trades? That way in the heat of the battle and your system has just given you 5 successive losers you know there is nothing wrong. Get a feel for how it reacs in certain market cycles. Every system acts better in certain market condiditons thatn in others.
Develop a plan ( re-read section #2) Try to accommodate for every possibility.
Keep observing the charts. I am not a great believer in paper trading in order to find how much progress you have make in trading. Simply because you have no emotions while lplaing games and it si controlling emotions that separates the winners from the losers.

But what I am a great believer in is playing simulation games so as to get a feel for how money managementg plays such an important role and for you to get a feel for how any game of chance can and will have streaks.

This is a pratice that I have used from time to time.

Get a jar and place 100 marbles inside. I paint the winners blue and the losers red. I paint a HR (home run >10 * Risk gain) on just four of those marbles and I paint a BL (big loss >4 * risk) on four of them. All the rest are either 4 * Risk gains or 1 * risk losses. Here’s the interesting part. Start risking different dollar amountrs on each trade and see the differene in you results after 100 trades. This should really hammer home the importance of money management.

Tough week for FAST MONEY TRADING great week for SLOW MONEY OPTIONS

2014-11-09T11:57:00.000-08:00

It was another solid week on Wall Street, with the major market indexes sailing to new highs after Republicans swept the midterm elections -- often seen as a boon for business. In addition, stimulus hints from across the pond added fuel to equities' fire, and a mixed jobs report on Friday ultimately resulted in a wash, although both the Dow Jones Industrial Average (DJI) and S&P 500 Index (SPY) managed to eke out fresh record closing highs. However, while the sentiment backdrop remains favorable for bulls, a slew of indexes are staring up at potential speed bumps.

So how did we do last week in SMO?

Last week I traded the SPY call spread 4% and traded the Put spreads gaining 4%. I also traded APPLE put spread for 4% gain and call spread at 4%. Repeating myself but you should have the weekly charts up on these stocks with bollenger bands. Oh and don’t forget the big red lines I've told you about it keeps you from getting into trouble.

Come on let me teach you how to Fast Money Trade. I have had hundreds students over the

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Most volitity I think I have ever seen

2014-10-19T11:52:00.004-07:00

Friday was a crescendo for a wild week for the markets as it climbed over 200 points. The S&P 500 exchange trade fund-the SPY climbed 2.20.

With the new week, can it continue to move up? I believe it moved up, because we identified a bottom down. Some economists are calling this the "investable bottom." The strength on Friday could be seen in the utilities and say stocks that did not do as well. This is always a good sign for long term upward movement.

It appears that further action by the government's to prop up their economy may keep the markets moving forward. Italy and France supported the European Central Bank in a green to help take actions to help the German economy. At the same time, the Chinese government is expected to announce that it will pour more money into its banks to help with lending. Combine that with positive earnings on Friday and it was a good shot in the arm to move into this week with a positive note. Now let's see if we can do it!

But, let me play devil's advocate.

We do have fresh earnings coming out as well is a busy economic calendar. What will happen to the stock market Monday morning if it kicks off the week with bad economic news? HANG ON!

This week, one of the things we need to do is keep our eyes on the Said again. We are getting close to the end of the month and the Federal Reserve has plans on ending its stimulant to bond buying program-better known as quantitative easing. HANG ON!

I believe it's natural for investors to get nervous about this. Quantitative easing has been credited with the strength and length of the five-year plus bull market we have been experiencing.

Wall Street has been addicted to QE and now it is expected to live without its psychological crutch. What happens to addicts when they lose their drugs? Will the markets react accordingly? HANG ON!

The last time the Feds ended their rounds of quantitative easing in 2010 and 2011, stocks sold off quickly. I think this is something important just to be aware of. HANG ON!

Here are some important to note though-

There is inflation report coming out on Wednesday from the Department of Labor. If the global economic slowdown impacts the United States, we could also see lower prices for consumers. HANG ON!

Let us not forget the keep our eyes on earnings!

Early in the week we had disappointing major earnings and this is one of the reasons for the selloff. I believe the market could be walking a tight rope right now. As we get closer to the possible QE crunch, the markets could get skittish and there will be nothing else for them to look upon except fundamentals of corporate profits. This would make earnings a very important bullish shot in the arm right now.

On Monday, Apple is due to report its results after the closing bell. Everything Apple reports is news these days. HANG ON!
On Tuesday, Coca-Cola will report its results before the market opens. No company is as exposed to the global economy as Coke is.
On Wednesday, Boeing is set to reveal its earnings before the market opens. The global slowdown is expected to hurt U.S. exporters, and Boeing could be a sign of how bad things have become.
On Thursday, Amazon.com will report after the bell. Amazon isn't just a bellwether of the tech economy; it is now a key gauge of the health of the U.S. consumer.

So how did we do last week in SMO?

Last week I traded the SPY call spread and lost 7% and traded the Put spreads gaining 8%. I also traded APPLE put spread for 10% gain. Repeating myself but you should have the weekly charts up on these stocks with bollenger bands. Oh and don’t forget the big red lines Ive told you about it keeps you from getting into trouble.If I had paid more attention to the bollenger bands on the SPY calls I probably would have left it alone as the high was 189.75, the bands were starting to come down (close the gap) and time was running out. That would have been a 7% gain instead of a 7% loss.

Come on let me teach you how to Fast Money Trade. I have had several hundred students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have a open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business?

I leave for 3 days and wow the markets came tumbling down

2014-10-12T10:49:00.000-07:00

Last week we sure had a wild ride!

I was out for the first of the week and did not trade or even look at the markets. I had no positions on, just in cash. Mkts. go up and Mkts. go down but I was in cash the same as at the end of trading every day. I need that time to recharge my batteries of world confusion and jibber jabber. Came back last 2 days of the week and altho did not make my weekly average of $1,250 I did pull out $757 for the last 2 days in Fast Money Trading and ended up making a little in the Slow Money Option trades.

Last week I traded the SPY call spread and made 6% and traded the Put spreads loosing 7%. Anthony I think you did quite well. I also traded the APPLE call spreads for 6% and the put spread on APPLE @ 6%. Repeating myself but you should have the weekly charts up on these stocks with bollenger bands. Oh and don’t forget the big red lines Ive told you about it keeps you from getting into trouble.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business?

Im getting ready for my vacation

2014-09-28T09:06:00.000-07:00

Last week we sure had a wild ride!

Of the five days we traded, (I only traded 4) four of them had greater than normal swings. This made for a challenging week.

The big culprit that rattled the market last Thursday is something that we need to be aware of this week-- the geopolitical activity taking place between Russia and Ukraine.

Of particular interest are the sanctions that the United States and the European Union have been pressuring Russia with. Toward the end of the week, it was said that both the US & EU were tightening up their sanctions against Russia in financial services, energy, defense and related materials sectors.

Russia has played its trump card. It did not take the new sanctions lightly and threatened to cut off oil to EU. It looks like the country is going to be in it for the long haul and do not be surprised if we see a "rhetorical buildup" this week that also has an influence upon the markets.

Well, why did the markets go up Friday?

This is a very good question. Option traders-it is important to identify patterns in the market. It appears we have regular pattern taking place that there are many investors out there that continue to look for opportunity on dips. The huge drop on Thursday opened up the opportunity for bargain hunters on Friday and that's exactly what happened. For this reason do not be surprised if we see large swings up and down the near future.

I will trade the entire week but will not trade the following first 3 days of next week! Im going on vacation to the sunny beaches of Florida.

Last week I traded the SPY call spread and made 4% and traded the Put spreads making 4%. Your welcome Anthony. I also traded the APPLE call spreads for 6% and the put spread on APPLE @4%. Repeating myself but you should have the weekly charts up on these stocks with bollenger bands. Oh and don’t forget the big red lines Ive told you about it keeps you from getting into trouble.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business?

Ive got to be more consistanct

2014-09-14T15:01:00.001-07:00

This past week was not a great week overall with one day making $0 and two days loosing $. iIt was at least positive for the week. Im looking for consistency I would rather make $250 every single day or $1250 week or $6000 month on a $25000 trading account that be like a yo-yo. My goal for the rest of the year is to strive to be more consistence and teach that.

Last week I did not find a suitable Slow Money Option trade. That is one with consistence returns, low risk and volity.

Come on let me teach you how to Fast Money Trade. I have had several hundred students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have an open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Getting ready for the big APPLE earnings this week.

2014-09-07T12:22:00.001-07:00

With the hot humid dog days of summer coming to an end I have not felt like blogging. Just spending money like a drunken sailor. it seems like what Im good at. Unfortunially I can spend more that I have. Thats just the way it is.

This week is the big week of the unfailing of the new AAPL phone and maybe other products. This could be the week that AAPL goes to the $100teens. This would be really historic post Jobs death. There are some that are saying that AAPL is ready for a humpty dumpy fall. Really disappointing sales, no real breakthrough in the i-Phone air delayed in releases of innovating products. If that is the case I will be selling as well. APPLE will lead the market with tech stocks one way or the other. I for one thank the first will happen so lets hang on the the ride and be glad we own AAPL.

Last two weeks I had 7 recommendations all but one was profitable. The un profitable one was with the SPY puts going a little lower and taking on more risk than I wanted . I followed my rules and stopped out with a 5% loss I could have said the same thing about AAPL but I relied on the bollenger bands and stayed a couple of hours longer and wall made my stated goal of 8%.

Come on let me teach you how to Fast Money Trade. I have had several hundred students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have an open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

Start Preparing for a Rate Hike Before Year End!

2014-08-24T10:57:00.004-07:00

They say pressure is building with the Federal Reserve and possiable next month making an increase in the Fed Fund Rate. If that happens I for one believe that will be the beginning for a new bear market to. Seems the economy is not growing as fast as hoped, world troubles in Ukraine, Middle east and tensions over race here in the US. Republicans are having a hard time finding someone to run for President. Just seems it is getting tougher here in the states to get some good laws passed for the good of the Republic. What is an investor to do? Well, if you're a long term kind of investor hedge every position and scale up taking profits and use covered calls to protect and generate income. If you a short term (Fast Money Trader) continue doing what we do best and that is take little pieces out of the markets daily.

Last weeks Slow Money Option traded only 1 recommendation on Thursday.

Come on let me teach you how to Fast Money Trade. I have had several hundred students over the years most are successful but not all. Some are willing to learn and let me help them and follow this new way to trade. Others are mired in their old ways and either won’t listen, thinking that they’ve a better way to do things. All I ask is have an open mind listen and ask questions. Making my daily goal of $250+ on average on a weekly basis will give me somewhere around $60,000 year. This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results. This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business

Summer slow markets should be comming to an end

2014-08-17T12:31:00.000-07:00

Well last weeks Fast Money Trading was a disappointment to me, excuse Monday. Tuesday had tech difficulties did not trade and the remainder of the week daily goals were not met. Fridays hitting buy install of sell caused me a real problem. Remember if gaps up on opening I want to sell and gaps down on opening I want to buy. Some of you caught the error of my ways. Im probably dour a mistake every now and then . We need to identify mistakes quickly and learn from them. Some times hitting the wrong key is operator error.

Last weeks slow money option trades only 2 recommendations on Thursday. Friday morning the SPY and DOW were both very high but the bollenger bands were very tight. indicating something was about to give. So Friday morning I recommended the Call APPLE spread and felt that yesterdays recommendations on SPY would be perfect and by10:35am all was well in the SMO world.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a busines

Im ready for consistent returns back to basics

2014-08-10T13:00:00.001-07:00

I think you can pick any of the headlines and make a strong case. The problem is I don’t care about any of the headlines but just my portifilo in Fast Money Trading and Slow Money Options

Headlines this week could be:

Putin to back away from Obamas sanctions.

Cash is king as the bull market ages.

Don’t get caught in the crowd as fear builds.

Tesla to double in the next year!

Living in denial can kill your portfolio.

Water crisis creates investing opportunity.

Bull markets don’t die of old age - start buying.

Time to place long-term bets on rising short-term rates

Remember what I said last week, “If I have said one thing that you should remember it is this. If markets seem to high you should probably sell and if they seem to low you should probably buy.”

Last week I had one of the worst weeks ever in SMO trades. I traded the SPY and the AAPL put spreads and lost on both. Did not trade the AAPL cll spread due to premium was to low trades the SPY call spread for 6%. All in all with this strategy, were outperforming the S&P 500 buy about 3:1

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business?

AAPL did what we expected

2014-08-03T12:36:00.000-07:00

If I have said one thing that you should remember it is this. If markets seem to high you should probably sell and if they seem to low you should probably buy. Were talking extremes here please don’t forget I hat to see you get burned but to each his owns will live.

Last week I traded the SPY call spread and made 9% and i also traded the APPLE call spreads for 8% and the put spread on APPLE @4%. Recognize this chart. You should it is what Im trying to teach you pay attention to the parallel RED lines @ 98 and @ 94 if you did the puts or the calls there is where you would have gotten into trouble. Notice it is a 5 day 30 minute bar chart with bollenger bands. Altho the bands did not show up as clear as I had hoped you can see that around 95.5-96 AAPL was going to turn UP.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0

(FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad. But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you. I believe each of you can do the same thing it takes discipline. Remember me talking about trading/investing is like running a business?