Fast_Money

2012-02-10T13:15:00.001-08:00

2012-02-04T09:08:00.000-08:00

Wow everything looked good BUT. I had recommended 4 option trades on Thursday with 2 days till expiration and here are the results AAPL call spread 4%, AAPL put spread 3%, SPY put spread 4% and now for the BUT. I recommended the SPY call spread @ 8% then violated 2 of my own rules #3 and #7. Rules are just that rules and should be adhered to to keep risk under control and not let greed take over. Consistency is the key to successful trading. Rules #3 is risk no more than 2 times your collected premium and Rule #7 is always take the more conservative trade.
What did I do? I announced in the trading room that I would make my decision on what to do around noon friday and heres what followed. I bot back the 134/135 credit spread for .56 and sold the 134/135 next week expiration for .56 cr. I did this as a spread order for $0. What have I achieved? I am buying time in fact a whole week and expecting the SPY to sell off and go below 134. I have an .08 credit from the trade and just extended it from 2 days to 9 days. That is the most that I can make. Will see, I will be watching. The markets are very top heavy at present with most indicators showing overbought and primed for something, we'll just have to wait and see.

So how did I do for the week with Slow Money Option trading?

https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Still working on an expanded option trading method, but I need to be able to show consistency and not a hit or miss like the majority of subscribers plans. Stayed tuned . . . .

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.

2012-01-29T09:03:00.000-08:00

Wow! This is one of those weeks where everything looked good. Yes Virginia we are still bullish long term, but we would not be surprised at a sideways market. We are coming up against strong resistance possibly this week. Took advantage of AAPL earnings and had some great alerts. This week we had 4 trades. Two from AAPL and two from SPY the profits were: (5%, 8%, 5%, 4%) All were good this week. Don't get too used to weeks like this because they are not the norm. But it was nice. I would love to hear from some of you on how you did this week.So how did we do for the week?

https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Still working on an expanded option trading method, but I need to be able to show consistency and not a hit or miss like the majority of subscribers plans. Stayed tuned . . . .

TREND TRADING no brainer trading for you.

2012-01-27T10:52:00.000-08:00

This Emerging Market Could Deliver a +28% Gain

If global stock markets are turning bullish after last year's lackluster performance, emerging markets could be the biggest gainers. In the most recent bull market, emerging markets gained an average of 176%, outperforming developed economies by almost double.

If history repeats itself, this could be the best way to profit MSCI South Africa (NYSE: EZA) could be the top performing emerging market ETF in the coming months.

Right now, EZA is trading near its long-term support level. But I think that's about to change...

The weekly chart of EZA below includes the 26-week ROC at the bottom. The indicator became oversold in September and has since been in an uptrend. In the last week, the ROC broke above its 20-week moving average. This confirms that ROC is in an uptrend and is a bullish indicator pointing towards higher prices.

The price pattern is also bullish. Recent price action created a triangle pattern which allows us to calculate a price target. When the difference between the downward sloping line ($77.58) and the support line ($56.80) is added to where EZA broke out, we get a price target of $83.68 ($20.78 + $62.90 = $83.68). That represents +28% upside potential from recent prices.

The chart also shows how to limit risk in this trade. Once broken, resistance generally becomes support and will often limit the down side in a trade. Resistance near $57 on EZA halted price advances in 2009. Once the price broke above that level, $57 became support. Prices have bounced off that price four times in the last 18 months. A close under $57 would show that support has failed and it's time to exit the trade.
EZA is a great way to add international exposure to your portfolio. Emerging markets tend to move the fastest in bull markets. The chart shows a bullish pattern and the potential reward is more than twice as high as the risk.

Action to Take: Based on the analysis above, here's how I would trade EZA:

         Purchase shares at the opening of trading on Monday, January 23rd
         Sell shares if prices break support at $57.00
         Target price = $83.68

Potential Profit = +28%

Will continue to hold iShares Lehman 7-10 Year Treasury (IEF), iShares Barclays 20+ Year Treasury Bonds (TLT), and SPDR Gold Shares (GLD).

Trades & Updates
Company (symbol)	Trade Type	Buy/Sell Date	Buy/Sell Price	Stop-Loss	Current Price	Total Return
Tim Horton's (NYSE: THI)	Long	04/25/11	$48.49	$34.57	$48.20	-0.6%
Chipotle Mexican Grill (NYSE: CMG)	Long	07/05/11	$315.98	$329.08	$356.39	+12.8%
National Resource Partners (NYSE: NRP)	Long	10/10/11	$28.03	$36.56	$28.09	+0.2%
Wal-Mart (NYSE: WMT)	Long	11/21/11	$56.93	$55.89	$61.01	+7.2%
StarBucks (Nasdaq: SBUX)	Long	12/05/11	$44.25	$44.89	$48.15	+8.8%
Verizon (NYSE: VZ)	Long	12/05/11	$37.93	$35.85	$38.97	+2.7%
Kimberly-Clark (NYSE:KMB)	Long	12/19/11	$71.27	$71.27	$73.83	+3.6%
Abbott Labs (NYSE: ABT)	Long	01/03/12	$56.58	$53.05	$55.76	-1.4%
Family Dollar Stores (NYSE:FDO)	Long	01/03/12	$55.09	$51.03	$54.78	-0.6%
Stock prices in this issue are as of the close of trading on January 20.

  Tim Horton's (NYSE: THI) rallied this week possibly on news that the company was offering a new, larger 24 ounce cup size. Shares have climbed back above the 150-day moving average and are testing the 200-day moving average. Daily RSI has broken through the key 50 level. Daily MACD is on a "buy" signal. My stop-loss of $34.57 and target of $64.77 hold.
  Chipotle Mexican Grill (NYSE: CMG) continued to move higher this week, hitting a new 52-week high near $360 before slightly retreating Friday. The stock is testing the upper Bollinger band. Daily RSI is approaching overbought territory, but not there yet. Daily MACD is on a "buy" signal. The company will announce fourth-quarter and full-year results on February 1, 2012. I'm currently up almost 13% on the trade. My stop-loss to $329.08 and $377 target hold.
  National Resource Partners (NYSE: NRP) made small but steady gains most of this week. The stock is currently trading between the 50-day moving average and the upper Bollinger band which currently intersects close to the 150-day moving average near $28.75. Daily RSI is above the key 50-juncture and rising. Daily MACD remains on a "buy" signal although the two MACD lines have flattened. Right now, I'm ahead on the trade by a small amount. My stop-loss of $23.63 and target of $36.56 hold.
  Wal-Mart (NYSE: WMT) continues to surge scoring a new 52-week high this week. The shares have formed an accelerated uptrend since September when they broke out of a multi-month base. Shares are now near the upper Bollinger band. Daily RSI is near the key overbought 70 level, but have not hit it yet. To date, I'm ahead about 7% on the trade. I'm raising my stop-loss to $55.89; my target of $64.95 holds.
  Starbucks (Nasdaq: SBUX) likewise hit a new 52-week high this past trading week possibly on news that the company has forged a distribution agreement with an Indian coffee company. Shares are trending consistently higher above the 50-day moving average. Daily RSI is close to the overbought 70 level. I'm currently up 8.8%. I'm raising my stop loss to $44.89 from of $39.49 and boosting my target to $52.89.
  Verizon (NYSE: VZ) held steady during the week. The stock is now above a rising 50-day moving average and approximately mid-way between the two Bollinger bands. Daily RSI is moving sideways, but above the key 50 juncture. I remain ahead on the trade by 2.7%. My stop-loss of $35.85 and target of $41.67 hold.
  Kimberly-Clark (NYSE: KMB) is trading close to a new 52-week high just before the $74 level. Shares tested the upper Bollinger band this week before retreating Friday. Daily RSI is falling, but remains well above the key 50-juncture. MACD is poised to give a buy signal. I'm currently up 3.6% on the trade. My stop-loss of $66.62 and target of $77.43 remain.
  Abbott Labs (NYSE: ABT) moved sideways during the trading week. Shares have found strong support near $55, but are also experiencing resistance just above $66. Daily RSI is above the key 50-juncture and rising. Daily MACD is on a weak "sell" signal. My stop-loss of $53.05 and target of $62.50 hold.
  Family Dollar Stores (NYSE: FDO) formed a base of support this week at $53 before rallying strongly on Thursday. On Friday the shares touched my buy on stop level of $55.09. The stock has also climbed back above the key 150-day moving average. The MACD histogram has narrowed and MACD is close to giving a buy signal. The stock likely has some work to do at current levels, but appears to have found renewed buying interest after a sharp decline from above the $59 level which began in late October. Subscribers who have not taken a position in the stock should watch it closely.

Happy ~~TRADING~~ INVESTING

2012-01-22T08:13:00.000-08:00

Well we ended the 1st year of Fast Money Option trading like we had hoped. We have proven that anyone can make money in options and consistently week after week. This has been a great added benefit to the Fast Money trading web site and for those who follow and you are getting two services for the price of one as of now. For the Month of January we have had 7 recommended trades all successful. As you know our goal is to average 3-4% weekly with consistency following a conservative low risk trading plan and we have exceeded that. Our 1st 3 weeks average is 8.9% week. One of the benefits of this type of option trading is that you dont have to have a $25,000 trading account it can be much larger of smaller it is up to you. You dont need to do any kind of research, just wait for my emailed option recommendation and follow my/your Fast Money Option Trading Rules.

So how did we do for the week? https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Optionrecommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members

Working on Excitement . . .

2012-01-11T12:05:00.000-08:00

I am working on an expanded option trading method, I need to be able to show consistency. Trading should not be a hit or miss, rather it needs to be mechanical and consistance to follow blindly. I am looking at a simpler approach of buying/selling CALLS or PUTS. Stayed tuned Fast Money traders and Slow Money option traders

2012-01-11T11:51:00.000-08:00

Here are some interesting tidbits that just maybe you didn't know.

In George Washington's days, there were no cameras. One's image was either sculpted or painted. Some paintings of George Washington showed him standing behind a desk with one arm behind his back while others showed both legs&both arms. Prices charged by painters were not based on how many people were to be painted, but by how many limbs were to be painted. Arms & legs are 'limbs,' therefore painting them would cost the buyer more. Hence the expression, 'Okay, but it'll cost you an arm & a leg.' (Artists know hands & arms are more difficult to paint)

Just plain good advise!

2011-12-20T12:45:00.000-08:00

Don't panic trade, when you feel that antsy, desperate feeling that makes your mouth dry, turn off the computer and do something else until you are your best self. Trading requires confidence and a good clear head.

PRACTICE, PRACTICE, PRACTICE , PRACTICE, PRACTICE, PRACTICE ON YOUR DEMO ACCOUNT,.......... EVEN THAT WON'T BE QUITE ENOUGH,....... BUT GET AS MANY SCREW UPS AND BAD HABITS OUT OF YOUR SYSTEM AS POSSIBLE!!!!!!!

Maintaining your trading capital is more important than making a profit. Sometimes you just gotta save your butt. Minimize losses and your profit will take care of you!

THIS IS BUSINESS, ALWAYS RESPECT THAT FACT. YOU ARE HERE TO MAKE MONEY

2011-12-20T12:11:00.000-08:00

Well we did it again another great option week 2 trades: One 10% and the other 4%.

Some one ask me this past week why don't I give out several more option trades? I thought that is a good question and I thought about it for quite some time. Well I could do that but then I would be like other option services and just selling a service of advise and not trading my recommendations. Believe it or not I make the trades that I am recommending and I dont have the funds to make 4-7 more trades during the week. (more trades = more risk). No, I am content in consistency in my trading. If you want to make more money you probably should do a higher number of option contracts that I am doing. That way you are in control of what and how much you trade. You see 10% is the same % wether you trade $500 or $25,000 and you know that I always trade on %'s. If you were to trade on $ then your profits and losses would be all over the board. Part of my business plan on trading options is investing a consistent amount of $ and looking for a consistant return of ?%

So how did we do for the week? https://docs.google.com/spreadsheet/ccc?key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members

HAPPY TRADING

Remember to be thankful, be humble, be kind. I hope that this helps. Thank you for visiting my blog. Wishing you every blessing of health, wealth, happiness, prosperity and peace for your life. (SMILE)

2011-12-11T10:34:00.000-08:00

Are you ready for Christmas? The coming week will be prove to not let us down, volatility and wild price swings continuing through the Christmas season. Although I had 1 losing day and 2 not meeting my goal last week I'm still pretty good for the month and year. The overall Stock market seems to be heading much higher by year end.

I am getting a lot of the same questions over and over so here is a repeat of a previous post.:

REPEAT REPEAT REPEAT REPEAT REPEAT REPEAT

Our six stocks are all very tradable in the first 60minutes of trading. Throughout the day the 2 high/low numbers that your given each morning are pretty wright on. Some one recently asked me how I trade them. Remember I strive on keeping it simple and following my trading rules. You are only following 6 stocks so I draw a line at each of the high and low #'s. This is my buy or sell points. Two ways to do this if you setting in from of you dashboard then I apply all my knowledge and always do a market order. On the other hand if you want to put stop orders in that is fine also. You can get a little fancy and put an order to trigger when it hits a certain price to trigger another type of order usually a trailing stop. I have found it a little more profitable to just get out at my goals. I never had had a position in all six stocks at the same time. Occasionally you might have 3 positions but that seems rare. Again I do not want to go home with an overnight position. That is just more risk than I am willing to accept. Remember how much 1% a day is?

15 minutes prior to the markets opening I'll give a commentary on the ideal buy or sell of each position and this is my starting points for the day. Taking notes is recommended and putting them in your traders notebook is helpful. How else will you break old habits if you keep doing the same thing over and over again?

RESULTS using FIRST 60 MINUTES OF TRADING - https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE

2011-12-11T10:01:00.000-08:00

Congratulations to all you slow money option traders another successful week both trades were wright on @ 10% & 9% each held only 2 days. You can figure what kind of return that would be weekly, monthly and yearly. Europe continues to be wild, the United States congress continues to to confuse, the President is campaigning and were still making money. Between now and the new year expect wild swings to continue and see the market up or down 100 points from where we are today. Starting next week you will start seeing the holiday effect taking place in the markets. Volume will be getting lighter and a small group of bulls or bears will be able to do what other wise would not be possible and that is move the markets in extreme RSI positions looking at weekly charts.

So how did we do for the week? https://docs.google.com/spreadsheet/ccc?key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

We want to hear from you on how you are doing trading options and please sent us your options traders notebook and we will compile your comments with others and sent it back to you. Were hoping to make each a better trader. Some of you have great ideas and were wanting to share them with our fellow traders.

2011-12-04T13:54:00.000-08:00

Well we did it again another winning week in both option trades one 7% the other 8%. Were proving consistency is where you make money week after week. With the markets going up and down like a yoyo it adds confusion to most traders. Listening to the news from Europe, the US debts, the jobs report, housing starts is what most investors are doing and that is why there confused. Seems there is no trend in consistency. We are trying to bring a calm to the hectic market place and cutting out all the noise and only concentrating on low risk trades and following our option rules.

What to expect in the coming weeks? One thing is for sure the markets will continue in these wild swings that we seen to have got accustomed to but overall the market should head higher by years end. Is your option strategy making you consistent money? Our weekly, and monthly results are CREDIT SPRED RESULTS using FIRST 60 MINUTES OF TRADING-https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

We want to hear from you on how you are doing trading options.

Why I FAST MONEY trade?

2011-11-30T14:11:00.000-08:00

The internet has changed countless areas in our day to day lives. It has not only changed the way we access information but the information we have access to as well. However in the trading world I see folks stuck in the past typically using techniques and processes developed decades ago. The concept of using moving averages to smooth out historical price activity to discern an overall direction has been around ever since the stone tablet. The Elliott Wave Principle came out in the 30's and variations of wave theory in the 50's. The stochastic entered into the trading world in the 50's and the Relative Strength Index is now over 30 years old. My point is that commonly used technical indicators were developed prior to the advent of the internet and more importantly before the individual trader had access to real time charting applications. Let's face it, you would not use a device that was developed 50 years ago in probably any other area of your day to day life so why would you use it in your trading? The answer is simple. Using what is perceived as conventional wisdom is an easy sell. Simply access this charting application, overlay this combination of indicators and now you can discern the direction of the market and fire off a trade. Brokers have been selling this myth for as long as these indicators have been in existence. I believe there is a huge problem with this message and the statistics show this clearly with the number of trading accounts that vaporize in losses in a short period of time. Day to day market volatility is dramatically greater than it was 10+ years ago. Think of the difference in volatility today compared to 40 or 50 years ago. It would be like trying to win the Indy 500 riding a bicycle. It is just is not going to happen. Now add into the mix online trading and the instant market access from virtually anywhere on the planet, and now your bicycle has two flat tires as well. Because of this on-the-go instantaneous access (thanks to the internet) people can make trading decisions instantly. That is just the individual trader. I am not even taking into consideration institutional trading.

All of this growth in instant access is what creates greater and greater volatility. Trades are placed instantly, markets then react instantly, thus resulting in greater volatility. What is the primary job of all popular technical indicators? Smooth out volatility so the trader can discern direction. But what if this cannot be accomplished because price is moving too quickly? A false signal is generated. When does the trader realize it is a false signal? After he has lost money. As if you didn’t know, all indicators are lagging. The reality is today's consistently profitable individual traders are using trading processes that were not even around 5-7 years ago. Individual online trading started gaining popularity 5-7 years ago when people started to have high speed internet access. The forex started to garner attention just about the same time. The forex has always been electronically traded so the way price moves on a day to day basis is different in the forex than in an exchange traded market. The forex is also the world's most volatile market. So when we look at a market that has always been traded electronically, has the greatest volatility and has only been actively traded by individuals for the last 5-7 years, it becomes easy to see why so many individual traders fail at trading the forex. Those failed traders are using trading processes that where developed decades ago to be applied in exchange traded low volatility markets.

Key elements in today's Fast Money trader needs to be versed in:

Keep it simple
Only follow a few stocks.
Have you trading platform set up prior to opening and have you setups ready to trade.
Have a high-probability entry strategy that uses a very tight stop.
Have a solid exit strategy. Know when to exit and take a profit. The concept of letting it ride does not work in Fast Money trading.

The way to get there is to become competent at interpreting real time price action. The only reliable predictive indicator available is price action. 70 years ago when Financial World magazine first introduced Ralph Elliott's wave theory, there was no such thing as real-time live charting access. Today's trader can access real-time charting anywhere there is internet access. Now to keep things in perspective, Ralph Elliott was born in 1871. Charles Dow the father of Dow Theory was born in 1851. He started the whole "the trend is your friend" movement. I am sure neither of these guys would be using their techniques in today's electronic, instant access trading arena.

With electronic trading, today's trader now has the ability to learn to identify a high probability trading setup versus a low probability trading setup. These ancient indicators only allowed the trader to hopefully discern direction and be on the right side of it.

The reality is all markets will continue to become more volatile because of not only online access but the global economy we now live in, whereas decades ago we could not see what was happening in the market on a daily basis. Today we can literally watch price action minute by minute. Without real-time access we were forced to stay in market positions for longer periods of time. This is why trend trading, which is now a dinosaur, was so popular. There was simply no alternative. If you wanted to trade everyone trend-traded due to limited real-time access. Today the solid online trader who has been correctly trained can achieve a profit in just a few minutes. Why stay in a trade overnight when as the world turns any market can change direction instantly?

Remember, the reason brokers continue to promote these archaic techniques is because it is an easy sell. Indicators are simply lures that pique the gambler instinct in all of us to make us believe we can make quick and easy profits in the market simply by applying a bundle of indicators on a chart. That form of marketing has been around for decades as well. We get you in here, show bottom of the trend and we get you out here, show top of trend, and here is your huge profit. Why didn't that work when the markets melted in the sub-prime debacle or the mortgage crisis?

The harder sell is that to become a profitable trader requires time, commitment and training. Step one, you have to learn to identify solid trading setups. This takes time and exposure.

Stop listening to your broker and go out and get solid training. Would you learn to play poker with free lessons offered by a casino? Remember, the casino is just like your broker: they encourage you to start betting as soon as possible. Why do you think your broker offers all of that free training? He wants you to start betting.

Select a trading process that is centered on understanding price action with techniques that have been developed specifically for electronic trading. Stay away from one-size-fits-all programs. When you hear you can trade a process on any time frame in any market, walk away. Select a trading process that has been developed to specifically trade particular markets.

You probably email people instead of writing them a letter. Why would you trade using an indicator developed 10, 20, 30 or in some cases over 50 years ago? Life is too short to stay connected to markets all day there are others thing that you can do with your life that are enjoyable. I believe that you can get in and out of the markets daily especially in the first 60 minutes of the day. Have fun and I will see you in the trading room.

AAPL

2011-11-28T10:13:00.000-08:00

Not a lot of hype just facts looking at 1st target of 390, 2nd target might be 404+ just staying long. Trade what you see not what you think

OPTION TRADING

2011-11-20T09:59:00.000-08:00

The S&P % this week, ending its worst week in nearly two months. I can’t say that it’s all that surprising to see stocks struggle at this level. Major support was violated in early August that is still haunting the bulls today. We’ve talked about it a million times but let’s look at it again. In addition, there is now quite the battle going on here as the S&P500 is stuck between the 50 and 200 day moving averages:

I’m still in the camp that the recent pullback in stocks is just recognition of this resistance from former support and not the start of something bigger. But let’s keep in mind that it takes time to break through. It’s not going to happen overnight. Meanwhile, I am still looking for a Christmas rally but cautioning you about this week could see extreme volatility because of congress and the supper committees failure to agree upon a plan to cut the Federal deficit.

CREDIT SPRED RESULTS using FIRST 60 MINUTES OF TRADING-https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

This weeks 2 option trades proved that you don't need days or weeks but just a few hours to make your stated goals. The 2 option recommendations both provided a 3% return in less that one day. If you want consistency learn to trade with us @ fastmoneytradingteam.com you get two services for the price on one. You'll get the option recommendations weekly and you will also have the ability to learn Fast Money trading were in and out of the market in the first 60 minutes and were done for the day.

Fast Money Trading

2011-11-13T10:14:00.001-08:00

I know it sounds like a repeat of last week, but WOW. 200-300 point swings are becoming very common. Although I had 2 losing days last week I still did pretty good though not what I had expected. The overall Stock market seems to be heading much higher by year end.

RESULTS using FIRST 60 MINUTES OF TRADING - https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE

OPTION TRADING

2011-11-13T09:51:00.000-08:00

I am still bullish on the markets, I believe that we are in the very beginnings of the Christmas rally. Although it will not be straight up but a zig zag pattern. Watch for breakouts then consolidations around the previous resistance levels. Three option recommendation trades posted thursday with only 2 days till expiration proved 100% successful 5%,8% & 9%.

CREDIT SPRED RESULTS using FIRST 60 MINUTES OF TRADING-https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Several of you are thanking me for the consistent trades! I would love to know how much money you are making! Let me know!

Remember don't chase a trade often times you will get a betteer fill buy just waiting, just look at past performance.

Subscribers need help in setting up you trading platform for option trading email me.

OPTION TRADING

2011-11-06T08:30:00.000-08:00

Wow, another exciting week down up down up. Last week called said to be watching for a pullback and wow did we get one on Monday. Unfortunately I have been having some personal issue that I had to deal with the past week and will continue throughout this week. My option trading is hindered because I am unable to monitor the markets after the 1st 60 minutes last week and this week. That said Thursday still had 2 profitable option recommendations and comments. Probably if I were to have been able to monitor Friday I would have another 1 day recommendation.

CREDIT SPRED RESULTS using FIRST 60 MINUTES OF TRADING -https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

This week expect the first of the week to be non eventful then looks for fireworks to start again. Remember that the later in the week the safer the option trade, (less time value). Overall I expect to see a upward biases on the overal markets this month. I think that the lows have been hit and were on a slight upward trend till end of year.

Fast Money Trading

2011-11-06T07:20:00.000-08:00

Wow, what a week, seems 200-300 point swings in a day are becoming more common. Having a plan with rules written down is absolutely critical in trading these markets. It gives you the courage and conviction to make quick decisions. Like in the movie Star Wars, Yoda said, "let the FORCE be with you Luke." The force is with you when you know and follow your plan and rules. I takes time to write down all your rules and start mastering them. How long did it take you to learn to ride a bike, drive a car, fly and airplane, etc.? Now it seems simple because you have mastered it.

Although 3 of the last 5 days I did not hit my daily goals I exceed my weekly goal. It is important in your learning to trade to analyze your trades daily, weekly and monthly. It helps to keep a (your personal score card) provide to members of the FastMoneyTradingTeam.com.

RESULTS using FIRST 60 MINUTES OF TRADING - https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE

Fast Money Trading

2011-10-30T10:24:00.000-07:00

Although a couple of days were tough and I over traded 2 days, one day did not hit my goal I still met my weekly goal. It is extremely important to trade with a plan and having it written down. Remember when you were in grammer school and you were punished by going to the blackboard only to have written on that board what you did? You can still remember what you had written because it is in your sub-concise mind. I bet you cant remember what you did on the playground on a specific day because you didn't write it down or have a diary. Objective is we want to become better at what we do and having a written plan that we can review daily is key.

I can teach or mentor you but it is up to you to put the notes in your Traders Notebook and review. You are tested daily on what you have been studying and taking notes on. Your are graded after each trade you don't get A,B,C, of D's rather you are rewarded with real $$MONEY$$ in the real world of life. So please learn these lessons well, I can only mentor you.

RESULTS using FIRST 60 MINUTES OF TRADING - https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE

OPTION TRADING

2011-10-30T10:00:00.000-07:00

Wow what a week. The SPY appears to be strong and bullish we could have a dip or even move sideways, but expectations are still bullish. Please be aware of and watch for a pullback.

My Wednesday trades both proved wrong and I lost money not as much as I could have if I had not been applying my management rules. Could have lost a lot more or even a little less but I just can not sit all day watching and waiting for the mkts to get favorable. The advantages of rule trading is you know in advance what to expect. On Thursdays trade, although profitable out I applied my trading rules and was stopped out for a loss. My bad week 3 losing trades. Over all for the month still doing very well, for the quarter and year excellent.

How did you do? Please email me and let me know

CREDIT SPRED RESULTS using FIRST 60 MINUTES OF TRADING - https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Trading Myths Dispelled

2011-08-04T08:20:00.000-07:00

You don't need expensive software.
You don't need to research dozens of companies.
You don't need to learn complex theories; Fibonacci, Gann,OBV, etc.
You don't need to buy & hold, sell 1st. & buy later make more $$
You don't need expensive subscriptions, seminars, etc.
I'm sure there are more but Im tired and need a nap more to follow

2011-07-30T07:42:00.001-07:00

2011-06-27T08:26:00.000-07:00

Do you know what to do right now in the markets?

2011-05-16T11:50:00.000-07:00

This should help each trader, investor or the tire kicker . . and there is no cost . . . . your welcome :-)

http://www.ino.com/info/688/CD3866/&dp=0&l=0&campaignid=3