How To Make Millions in the Stock Market

The Brexit: A Good Buying Opportunity. But not yet.

noreply@blogger.com (Anonymous) — Mon, 27 Jun 2016 15:16:00 +0000

I live for events that rock the market because its a great time to buy in on the cheap.

Anyone here think that the QQQ, Nasdaq or the Markets are going to go down forever and stay down? No? Then why are you freaking out and selling? Instead you should be watching the market and looking for a new in to make an additional purchase. If you sell now, then you are buying high and selling low and are reacting with the panicking crowd and have no business being in the market.

This is how you are going to play this: First go to stockcharts.com and take a look when there were other drops and look at what the candles did when a bottom was reached:

If you look at the candles themselves where each day represents a candle, the days that I circled you will notice that two of the candles have very long bottom tails. This signifies a bottom. Why is this? Lets look at the actual mechanics of a bottom candle. If the candle is white, this means that the bottom part of the actual thick body of the candle is the open, and the thick part of the top of the candle is the close price. So during the day the price flucutated between these two points to create the candle:

Now if a candle has a tail on the top or the bottom this is the lowest price of the day or the highest price of the day beyond the opening or closing price.

When you get a candle that has a long bottom tail, this means that investors had begun to panic, the price has reached very low, AND WAS UNABLE TO SUSTAIN THAT LOW PRICE DUE TO BUYING PRESSURE: the market saw that this was underpriced, and was purchased right back up again. This is a bottom, where investors were not going to let this go lower due to its perceived value. When you have a candle with a low bottom tail like in the two points I circled, watch what then happens over the course of the next week...recovery.

This is what I am looking for with the brexit situation. The markets panicked which is a great opportunity to go ahead and use this bottom signal, whenever it may occur. Check out Fridays candle which is an opposite to a bottom candle:

I knew from looking at this candle that there would be a further drop. The candle had a big upper tail which was investors buying trying to recover with the price reaching way up, snapping back and failing with investors retreating. This shows that there is more downside potential, such as today.
I will be watching today very carefully. I am looking for a big bottom tail. Might not come today, could take several days to consolidate. But I am in a great position, sitting here with a pile of money waiting for blood in the streets to get in and buy. Like the real estate crash of '08, or the market crash of 2000.

Tradinginsider

exit double down for slight profit

noreply@blogger.com (Anonymous) — Wed, 15 Jun 2016 16:14:00 +0000

QQ JunWk4 107.5 Call	1.48	1.54	1.55	773

Hold double down call overnight

noreply@blogger.com (Anonymous) — Tue, 14 Jun 2016 19:55:00 +0000

Hey everyone. Im going to have you guys hold that double down call overnight, and we are going to see whats what in the morning. The chart is saying we are going to have a bit of an up in the morning....

Have a good evening...

Tradinginsider

Doubling Down

noreply@blogger.com (Anonymous) — Tue, 14 Jun 2016 16:38:00 +0000

I am going to double down with this call that I made earlier today. Different option and strike price, but here is the order

QQQ JunWk4 107.5 Call	1.51	1.49	1.51	595

Here is the chart that is showing a turn with the green line:

Thats all for now

Tradinginsider

Starting today off with a call on the cubes

noreply@blogger.com (Anonymous) — Tue, 14 Jun 2016 13:48:00 +0000

Good morning everyone. The data this morning is a bit muddled, so we are just going to go with the information that I came up with last night and we are going to assume that things are going to climb. Below is our in:

QQQ JunWk4 108 Call	1.49	1.46	1.50	327

You can see from the chart below that things are starting to climb even though we didnt get a green line yet.

I will be back in an hour.

Tradinginsider

Tuesday Forecast

noreply@blogger.com (Anonymous) — Tue, 14 Jun 2016 05:01:00 +0000

Here is my forecast for Tuesday:

I feel that we are going to have somewhat of a recovery day bounceback today. Look for a bit of up in the morning and then some chop in the afternoon. Lets look at the chart:

You can see that the candlesticks are showing a double reversal hammer pattern and that is indicative of a temporary bottom, or a bounce up due over the next day or so. I will see you guys in the morning tommorrow.

Tradinginsider

noreply@blogger.com (Anonymous) — Mon, 13 Jun 2016 17:43:00 +0000

Exit the put from earlier today for profit:

QQQ JunWk4 108.5 Put	1.61	1.69	1.70	1,039

Hold on, looking for new entrance point

Tradinginsider

Good Morning

noreply@blogger.com (Anonymous) — Mon, 13 Jun 2016 14:20:00 +0000

In looking at today's chart, I am going to reconmmend a put on the QQQ:

QQQ JunWk4 108.5 Put	1.47	1.46	1.47	563

Here is what I am looking at:

That is all for now, updates throughout the day.

Tradinginsider

Purchase a put for the QQQ

noreply@blogger.com (Anonymous) — Wed, 01 Jun 2016 17:40:00 +0000

Time to get in on the put side...

QQQ Jun16 110 Put	1.18	1.19	1.21	1,792

Here is the techincal chart as of right now...

That is all for now, see you in about 1 hour.

Tradinginsider

Good Morning

noreply@blogger.com (Anonymous) — Tue, 31 May 2016 16:22:00 +0000

Time to get in with QQQ puts.

QQQ Jun16 110 Put	1.40	1.38	1.40	1,993

And this is the chart we are watching:

More later if the chart changes!

Tradinginsider

So much for those puts

noreply@blogger.com (Anonymous) — Fri, 27 May 2016 15:43:00 +0000

Instead we are going to turn and go with the flow our in is below

QQQ JunWk4 110 Call	1.48	1.54	1.56	747

More later today, we will see if things turn.

Tradinginsider

We are going to sell the call options on the 3x for profit

noreply@blogger.com (Anonymous) — Thu, 26 May 2016 16:05:00 +0000

Exit the 3x call options from yesterday and take the money...our out is below

QQQ MayWk4 108.5 Call	1.06	0.97	0.99	852

We got in at .86 and it is 3x weighted as we went 3 times what we usually purchase in for.

We are going to hold our put options and wait for Yellens announcement tomorrow.

Tradinginsider

My game plan

noreply@blogger.com (Anonymous) — Wed, 25 May 2016 16:24:00 +0000

Ok, I can see two things that can happen by this friday. At least two significant things.

All the earnings tommorrow are amazing, and then Friday Yellen says what the markets want to hear and the market just keeps going up. All my puts are gone/in the dust
Some earnings are bad. Yellen is good or bad. This makes chop, which makes me money

Now, obviously number one above can do me the most damage. We have a few puts laying around behind me sucking for air. What if that does happen? My answer is a lopsided spread wieghted more to the upside. om a 3:2 ratio. So if we were regularly using 1g for our calls and puts, this one is going to be a 3g call, and then a 2g put.
Also, I want the expiration to be as close as possible with these to get maximum volititility and price return.

Balsy would be to have these expire a week from this friday.
REAL balsy would be to have these expire on friday. Dangerous, but thats how you get the 200-300% returns. And Im in a fuck it mood right now. So: lets do that spread Our in for the calls:

QQQ MayWk4 108.5 Call	0.88	0.85	0.87	8,023

Remember, the above is a 3x call, that is 3 times the usual in. And our in for the puts:

QQQ MayWk4 108.5 Put	0.21	0.19	0.21	8,018

And the above is for 2x the original size of the puts.

So, we are alive! We will watch these throughout the day. Any sudden spike or drops I might just have to exit. Chances are nothing will go down until tomorrow. Happy Hunting~!

Tradinginsider

We sell off the call side of yesterdays spread

noreply@blogger.com (Anonymous) — Wed, 25 May 2016 15:37:00 +0000

Good morning. Today we are going to take our 25% gain in yesterdays call price. Our in was .86 and below is our exit:

QQQ JunWk1 108.5 Call	1.17	1.17	1.18	2,467

Now we are going to hold onto our puts hoping that things will tip the other way with random news as it comes out this week. I am also looking into swinging around more money perhaps with a double down on puts when I see that the chart is overbought/along with some whisper numbers I am going to look into for tomorrow.

Yup. Im trading like I kicked open a door with a shotgun, but sometimes you have to get nuts when you want to make a few omelettes.

Here is about 1 hour.

Tradinginsider

Exit calls part of QQQ spread

noreply@blogger.com (Anonymous) — Tue, 24 May 2016 19:51:00 +0000

Yesterday, we jumped in at 1.82 with our calls and today we exit the call side of the spread with the following:

QQQ JunWk1 105.5 Call	2.91	3.06	3.12	37

As you can see people are still holding but you can now exit at around 3.06-3.09.

That is a 59% gain.

Now we have a couple of things we can do at this point. Lets take a look at what our put is doing:

QQQ JunWk1 107 Put	0.44	0.43	0.44	3,399

Last night we got in the put side of the spread at 1.16 That is a loss of 64%.

So at this point if we dump everything, we are at a loss. I say screw that, if you look at it, the put is already at a 64% loss, so its worth gambling with right? That is, gambling by exiting the call, taking the money, and holding the put for a day or two and seeing if things swing back the other way.

And another thing. We are going to do a spread again at this price. I also like things like this because today was a price extreame, very open to further up, or way further down. Now, if we purchase another spread at these prices and the stock drops tomorrow, then its almost like we doubled down with the puts and that helps us make money. Or if tomorrow the stock takes off yet further ahead, then we have two puts out there, one really in the back dust, and another that is recoverable like yesterdays is today.

So, lets take care of our new spread:

Our in for the call side is going to be:

QQQ JunWk1 108.5 Call	0.86	0.85	0.86	1,676

Now our in for the put end of things:

QQQ JunWk1 107.5 Put	0.53	0.51	0.52	1,349

So thats that, we have a few more big earnings announcements for tomorrow.

Thats all for today!

Tradinginsider

I waited until things stabilized....

noreply@blogger.com (Anonymous) — Mon, 23 May 2016 18:22:00 +0000

I am now going to go ahead and jump in with a spread.

QQQ JunWk1 105.5 Call	1.82	1.80	1.81	80

QQQ JunWk1 107 Put	1.17	1.14	1.15	1,441

I am going a bit in the money both ways to help allieviate erosion in case the swings are pretty wide.

So again, from our last post, we have some pretty volitile things coming up capped up by the fed announcement on friday.

Thats all for today, hold this spread overnight.

Tradinginsider

Whats the Market going to do on Monday?

noreply@blogger.com (Anonymous) — Sun, 22 May 2016 00:32:00 +0000

What the Market is going to do on Monday really depends on data that is outside the realm of technical analysis, because news almost always trumps analysis. First of all to answer the question what is going to happen Monday, we look at the charts, and then we will look at the reports and events that are going to be happening next week.

To sum things up as someone who recommends calls or puts, I would throw down a spread early on Monday morning, a spread on SPY (for more volatility than QQQ) to get more out of the crazy movements that are going to occur during the week. Remember, as Bradley Cooper said in the movie 'Limitless' (paraphrased): Its not what the actual underlying numbers say that drives the stock, its what people perceive them to be that moves the stock.
So to start here is the chart for the QQQ (The Nasdaq):

I am using the Money Flow Index along with the Relative Strength Index. Both of these put together really do a good job of calling tops and bottoms. Another thing that the MFI indicator is good for is something that I call "Force" which is a good indicator telling how strong upward a pull in the price is going to be. For example, you can see in the above chart I have highlighted the bottom of the QQQ in yellow rectangles at the same time point for the RSI and the MFI. Now here is the concept of where 'force' comes in. The MFI and the RSI have risen too much to almost halfway up the indicator (at the 50 mark) without the stock hardly moving up to match the 'force' of the movement. If you followed the math upwards, its saying that it would be maxed at the top or 80 with the stock barely at 110 instead of the previous top where the stock was at a much higher price. Thus the force movement for this index is weak. Thus the pull upward for a higher price is weak. Thus there is something wrong in the market where traders are not really about pushing this indicator for the Nasdaq up to new highs.

Next Week According to Cramer

Here is a graphic what is going to happen next week. Wow. What a minefield full of potential highs and lows depending on how all this stuff hits the wall. On Monday, Data on how Europe is doing. Thats important as that directly affects our market. That could go either way.

Things coming up this week with Friday as the Biggie

Tuesday has some big stocks reporting that could affect the market to the up or downside. Wednesday a few other big stocks with Costco having an American Express divorce. That could affect the market as Costco is now using Visa. Thursday is stores that offer deep discounts, such as Dollar Tree and Dollar General. And Friday Janet Yellen speaks. That of course, is the big one. If she says that the Fed is going to leave the rates alone, the market is going to go up, with the opposite if she says they are going to raise rates. Or more confusing yet, she could say that the Fed will leave rates alone and traders could see that as a signal for weakness and start to sell causing the market to go down, or just the reverse. Believe me, I have seen some bizarre counter intuitive shit as far as the market goes. Trying to play it one way or another without the benefit of time travel is very difficult. So why not take both?

This is how I'm going to play it: At open on Monday I am going to purchase a spread at the money via SPY. Then I will see how things go thoughout the day. If something causes the market to jump or crater on monday, I will simply exit the spread. Right at the end of every trading day before the market closes I am going to purchase another spread on either the QQQ or SPY. That way if some news leaks out before market open and the market opens big or drops big at open we can exit after making our money. So on monday morning, spread. 15 minutes before market close, new spread at the money on QQQ or SPY. Then 15 minutes before close Tuesday, new spread at the money on QQQ or SPY and do this onward each day until late thursdays spread on the QQQ or SPY for Friday.
After this newsy week, we can go back to just using the indicators for our buying and selling.
Now of course we will have to be careful as we are going to have a lot of spreads out there, we will have to watch our account, the prices and the news to maximize our in and outs. Its interesting that even the iffy news has built itself into the indicators showing weak 'force'.

So instead of comitting either way in the markets next week and getting whipsawed with the various bursts of news thats coming out Monday-Friday, be ready with a bunch of spreads. But not just any old spreads. Cross spreads. I like to buy in the money so that when a stock goes one way, it doesnt leave an option sitting there all by itself out of the money depreciating rapidly as the train pulls away. Cross spreads are buying a half dollar or a dollar in the money. Its a bit more expensive but it can help you if something goes the wrong way and then the news blows the price again back toward you the next day. Same thing with the puts.
I am all ready for this and look foward to next week.
Play to win,

Tradinginsider

When the s@*t goes down, will you be ready?

noreply@blogger.com (Anonymous) — Sat, 21 May 2016 07:08:00 +0000

This is a post off my other blog, www.feedurnoggin.com enjoy.

When the shit goes down, will you be ready?

Saturday, January 10, 2015 Posted by mlaechel at 12:39 PM 0 comments

I just read a statistic: Most people are one paycheck away from being broke in the United States. Yes, I can tell you that is both sobering and depressing.
Are you one of those people? Then that means that you will be completely unprepared for any emergency or if there is a big global event or if the stock market crashes or if the dollar crashes.
The dollar crashing would be about as bad as a zombie apocalypse. This is roughly how it would go:

You would be sitting there watching tv and they would break into your programming with a special bulletin. They would show you images of the stockmarket, of the crowds at the market floor all staring up at a screen with thier mouths open, then a few shots of times square with everyone looking up at the monitor, then a few talking heads. A shot of Bernake walking hurriedly with his advisers, then a shot of Obama walking quickly with his advisers. The next day stores would be getting rushed and cleared out. You wouldn't be able to move around in the stores because they would be clogged full of people. Then gas would start to rapidly rise in cost at the corner station....3,4,5,6 dollars per gallon. More stuff on the news. More speeches by the president to remain calm and what measures are being taken. Meanwhile, the stock market despite all the brakes, continues to crash hard. They turn the machines off for another day of trading. By day three, it is dangerous to get in your car. The cars that are on the road are driving like lunatics. Now when you go to any store, it is cleaned out with 30-20% left. People are fighting over food and water. No one is paying for anything, they are just running in and out. Employees have given up, cops are not bothering to show up as they have more important things to do.
You are freaking out. How much water and food do you have? How long will you make it on your supplies? You hear emergency vehicles outside going by and people beeping and some yelling. Helecopters going overhead. You turn on the news that night and you are met with scenes of chaos: Empty store shelves, looting, jammed expressways with no one moving, stories about the national gaurd being called out to restore order. Trucks have stopped running, food isn't being restocked on shevles in stores. What is to happen with you and your family? Its like its finally winter and you havent been storing any nuts. Now what? Several days later the power goes out. And after waiting for a couple of hours, it doesnt go back on and you guys are starting to get cold. People are out wandering the streets. Gangs are breaking into houses. Then the water goes out, you turn the handle, and you hear pipes banging and moaning and nothing. With no money people start leaving their posts at the electric and water companies to tend to their immediate family. The police after a week start doing the same thing. You are going to starve if you dont die of thirst. And what about the gangs of people wandering around looking for food breaking into houses? Forget your credit cards. Electricity is off. Banks are closed. All you have is the paper dollars you have in your wallet. And it looks like those are pretty much useless. You look out the window at the chaos, and you hear over a loudspeaker as a tank rolls by to remain in your homes. You will be given instructions. Remain in your homes. More helicopters overhead.

Yes, this is the worse case scenario and if you Google "US Currency Collapse" you will find several websites that will play this scene out step by step. Most of them are preparedness websites looking to sell you something, but the underlying message is the same. Are you ready in case something rocks your carefully constructed cocoon? Most people are not.
A few things:

- Why are you living from check to check? You need to have more of a cushion than one check away from zero. What if you lose your job? What if an emergency comes up, such as a car repair or a furnace repair or an unexpected medical emergency? This shows that you have been living in a complacent fog. Get up, go to work, do the bare minimum, come home, watch big bang theory, eat dinner and go to bed. You have got to expend more energy. Climb that ladder, go back to school, Google salaries for careers that are high paying and get training for those jobs. In my other post, Why you must make more than 12-15 dollars per hour, I outline how $50,000 is the bare minimum you have to make as a single person to get by in this country. Anything less and you are going to be burning through your resources and the ship is going to sink.

- Most of all you have to learn how to make money like the rich: You have to invest. Investing is a way to make your money work for you at a ratio of 1:1000, 1:10,000 or more instead of you making money 1:1 of you working at your job. The higher ratio means other people in factories and companies are making money for you. Its really the only way to get ahead, because if you work for other people they are going to be making money off of you and paying you the least they can get away with.

-WAKE UP. The world is falling apart. Are you ready? What if all the above that I wrote happens? You do not want to be living in a city or a suburb when this goes down because besides the no food and water the most dangerous thing will be OTHER PEOPLE. People are all nice and civilized when everything is ordered and the flow is constant. But when it hits the fan and there is no money, structure, food or water, they turn DANGEROUS. People will kill to survive, to provide for themselves and their family. People will break through your windows of your house armed and hold you up for food. They will steal food and supplies from you, effectively screwing you and your family over. I suggest that you have a cabin ready and a quick way to get there. Have the cabin say in a remote area of Montana or North Dakota or in western Canada all stocked full of supplies: Several years worth of food kits and water, guns, ammo, and supplies. You will need a hydroponics system that will enable you to grow fresh vegetables, and you will need to learn how to hunt. Besides guns and bullets, you will need crossbows for when you run out of ammo and learn how to hunt with that.
You will have to research an electrical generation system on the internet so that you can have power. Also you will need a functioning fireplace for heat in the winter.
You will have to learn how to defend yourself and your family from intruders, which shouldn't be that often because you will be in the remote hills. With power in your cabin you can watch the chaos in the united states and all the civilized countries.

- In short, you will have to learn to be self sufficient without access to electronic money.
-Also, right at the beginning, like several hours into the dollar collapse, you will have to have transportation set up to get you and your family to your cabin.

Its a harsh world out there, you have to be aware of all the possibilities. Before you think I am crying that the sky is falling, take a look at what is going around you. Google Rex 84 Ronald Reagan and the detention camps that are springing up all over the united states. Also Google FEMA camps. They are all huge detention centers with barb wire around them empty and waiting for something. A few talk shows such as Jessie Ventura tried going out and talking to officials there and they were shut down. The united states is busy arming. The US has been buying billions of rounds of bullets. Now Google FEMA coffins. They have stacked and are getting ready 100,000's of coffins. What is the US getting ready for? I would say this is a pretty big red flag that something is on the way.
If you rely on other people or your government for help look at what happened after Katrina, or any hurricane in Florida. For two years, people still had blue tarps over their houses and insurance companies dragged ass because they didn't want to cough up a billion dollars. Have the resources and money ready.
- Speaking of money, when the dust settles down, you are going to have to have something to trade or barter with. And since the US dollar will be like the German Mark in 1927, you will need PHYSICAL GOLD and PHYSICAL SILVER. to buy things with. Gold and silver in themselves have intrinsic value due to their rarity. The US dollar used to be backed on Gold and was taken off the gold standard in the early 70's and this caused massive inflation. The reason this happened was so the bankers could loan out more money and just print and print so they could loan more and more.
While all systems are still online, start to purchase gold and silver. But just don't do it electronically, you must physically own it, ship it to you and have it in your possession. When all the computers turn off and the phones stop working, you will actually already need to be holding it in your hand.

Well, thats all for today. Take a look at where you are and what you have and what you can prepare.
Mark

Here is a very interesting post on our financial system...

noreply@blogger.com (Anonymous) — Fri, 20 May 2016 21:23:00 +0000

This might go right into the tin foil hat corner, but check these two videos out. The first video is the actual subject matter itself, the babalonian currency entrapment system.
The second video is a video that I highly recommend you watch about how America is getting taken over by the banks reaching into your pockets and taking your money.
Where your hard earned money is going and how it is flying out of your pockets
You can watch these videos here (Yes, I very much recommend the second video. Prepare yourself for about 20 minutes. Get a drink. And get ready to be amazed.

Why are you not making money in the Stock Market?

noreply@blogger.com (Anonymous) — Fri, 20 May 2016 18:47:00 +0000

Because you are doing the same thing that everyone else is doing. You have to go against the crowd to make money. Let me give you an example. During the housing crash in 2008 everyone was selling because of the fear of loss which further drove down the prices in a downward spiral. Fear. No one wanted to lose money. So no one was buying which drove prices down further. In 2005 however with easy signing terms and the prices of housing going up, up, up, it was very hard not to get into the bubble due to greed. It is hard to leave money sitting out there on the table. You want some of it.
See the pattern? The public are lemmings. They move instinctivly with one another and at times all pile off the edge of a cliff. What if you went the other way?
Thats where the money is. In 2005 when everyone is buying, either sell or wait it out. This is hard to do because you are ignoring that voice screaming in your head to buy or you will lose out on gain. Then when there is blood in the streets due to a crashed housing market and prices are down 45%, thats when you step in and buy, again ignoring the screaming voice in your head that you are going to lose money. You then hold for a few years, the house jumps in value 50%, and you sell.
This is how I trade. Stay tuned right here as I am about to release a free ebook on how I pick my stocks and trade the indexes for permanant long term profits. It will be an invaluable teaching tool for you. And if you are already a good trader, feel free to give my ebook to someone who needs it.
E book on the way, will be posted to this site with the download link.

Have a good afternoon and weekend!

Tradinginsider

Its looking like tomorrow is going to be an up day as well

noreply@blogger.com (Anonymous) — Fri, 20 May 2016 16:12:00 +0000

Today I would advise you that this is going to continue tomorrow. You might want to purchase a call option on the QQQ and hold for the next 2-3 hours, and depending on how things are looking towards close today, either hold this overnight or take your profits.
Crazy early morning this morning. My traffic suddenly spiked from 100 hits a day to me getting 1,562 hits. I am assuming it has something to do with this new template: other than that I intend to keep growing.

The tweaks on this site are still in progress...

Tradinginsider

I just made you guys 40% overnight with yesterday's call

noreply@blogger.com (Anonymous) — Fri, 20 May 2016 14:46:00 +0000

Good morning everybody. I exactly called it with the reverse double hammer near yesterday's close. If you had gotten in like I recommended you would have made 40% overnight. Below is our exit from yesterdays QQQ call:

I will be on today looking for other opportunities. I am also going to be working on this page's design adding and smoothing things out. I am going to have a Google and an Apple section for weekly updates.

Lets make some money.

Tradinginsider

Get in on SPY calls!

noreply@blogger.com (Anonymous) — Thu, 19 May 2016 19:54:00 +0000

SPY is a higher leveraged QQQ. We are going to get in on this because the market is due to climb over the next 2 days or so due to the signal it flashed with the double reverse hammer candlesticks.

I think what has happened here is that the market already absorbed the mental hit of interest rates going to be hiking up quicker than thought and now it is buy time. So we are going to get in with SPY calls, but not too close to expiration so that time is more on our side and that things dont erode to quickly. Im thinking 1 to 2 weeks out. Our in is below before the market closes:

PY MayWk4 204 Call	1.90	1.88	1.89	19,842

Thats all for today. Have a good night, I will see you right here tomorrow.

Tradinginsider

Exit the 195 call for 22% gain

noreply@blogger.com (Anonymous) — Thu, 19 May 2016 19:40:00 +0000

Ok everyone, time to take the profit. Our exit is below:

QQQ MayWk4 105 Call	1.22	1.18	1.19	3,413

That is about a 22% profit for a couple of hours of hold time. Pretty Good!

You can see I took advantage of the current climb and did successfully buy on the bottom earlier today.

Thats all for now, come on back in 10 minutes or so to see if I have an end of day call.

Thanks for reading!

Tradinginsider

Getting near the time to get in.....

noreply@blogger.com (Anonymous) — Thu, 19 May 2016 16:04:00 +0000

As a matter of fact, I will get in now and be prepared to double down. I believe that since one of the indicators I use just made a double bottom, this would be a logical time to go ahead and fire a shot..that shot being an at the money QQQ contract. Our in:

QQQ MayWk4 105 Call	0.94	0.97	0.98	2,391

In looking at the chart right now I am getting this. You can see the RSI and other indicators are showing oversold. But it really comes down to is that solid colored line going through the candlesticks green or red?

So again, jump in.

Thats all for now,

Tradinginsider