Since I’m always looking for ways for IWO to improve, I took a survey a couple weeks ago asking visitors to my site what they’d like in an options trading service. One of the questions asked was what size model portfolio would you like to see, and then I split up the answers into various levels. […]
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Book Review: Snap Judgment
A couple weeks ago I was introduced to a publisher who wanted me to review a book. The book is Snap Judgment by David Adler. The book is based in behavioral finance, so they probably have the expectation that by giving me a free book, I will be psychologically inclined to give the book a […]
My Thoughts on the UNG Voodoo and Other ETFs
So if you hadn’t yet noticed, UNG was halted today on news. ETF Halted = No Yay. Essentially, they can’t form new units due to the sheer popularity of the etf– since it is an open ended etf they can create more shares, but they also have to bring about more exposure via natty futures […]
Results – Part 2
In a continuation of last week’s call to transparency, I’m revealing 3 other trades that my subscribers and I entered back in early June. You can see all of our closed trades here, but I want to go into further detail about them. Trade #4 – FSLR This trade was based on the assumption that […]
Timeframe Matters
It seems that everyone and their mother is now following the head and shoulders pattern forming on the daily chart on SPY. They head over to Investopedia, read a couple paragraphs about this magical pattern, and risk management seems to become an afterthought. Anyways, here’s The Pattern: And I’m not discounting the pattern at all. […]
A Longer Term Trade for you “Investors”
{+++} AUY is a gold name I’ve been watching. Had a great breakout from its multimonth channel, and then came back and failed the breakout. Currently the 50 day moving average is looking to hold price. Here’s the trade: Sell AUY Jul 9 Puts for .60 or better Price is currently pretty close to 9, […]