Yo Pit Crazies,
There is no question these are hard times in markets and across the globe.
Everything is highly volatile.
Short-term trading must take that volatility into account
And traders have to make a choice between what they want and what they can get.
That is just a matter of creating the right trade.
Create Trades Where You Have Gains to Close Every Week.
Gee, Andrew, you are a big help, you might be thinking. Pick trades where there is always a winner. No problem!
OK, to be more specific, the solution is to have a trade to close when the market is not doing what you want.
With short term trading it is very hard to nail a direction 100% all the time …
In fact, it is near impossible.
But what you can do is create trades that have a:
– Long Leg to the market
– Short Leg to the market
If they are set up well, one side of the trade can pay for the other.side.
THE LESSON: Having a gain to close when the market is not doing what you want will change how you trade.
The Rundown
Capitol Gains w/ Frank Gregory
I bid for some strangles in the iShares Global Clean Energy ETF (Ticker: ICLN) and most likely will fill today.
Option Shopper
Licia went shopping for Verizon Inc (Ticker: VZ) puts this week.
Power Income Trader
If you missed last night’s event, you should know this …
We paired two services and THREE pros to bring you massive profits in an incredibly turbulent time.
The new POWER GAINS combo grants you a quarter of full access Capitol Gains AND Power Income Trader …
PLUS the Power Gains “paired trades” that have produced 16%, 30%, 33%, 62% and even 123% in just the past three weeks.
We’re probably taking a hit on this, but Mark felt that strongly that the next three months are going to be that important to your trading.
But — and this is important — you should act now … the first Power Gains kickoff event and next trade are slated for noon TODAY.
(And if you’re already a Cap Gains or Power Income trade, call Customer Care today for special pricing at 1-888-872-3301.)
Elsewhere on Thursday, Bill closed out Ultrashort Lehman 20+ Tsy bond ETF (Ticker: TBT) Mar put spreads for a 79% gain.
Nitro Trader
Mark closed half of his Canejo Corp. (Ticker: CCJ) call flies for a 50% gain.
Pro Trading Room:
The Pro Room is Option Pit’s live access to Mark and myself during trading hours. Our Pro students post trade ideas with Mark and me during the entire trading session.
Jason F scoring some wins in the room:
Big Money Flow:
The BMF system works well in up or down markets.
Mark and I jumped into some Macy’s Inc (Ticker: M) calls Tuesday that are marking up 15%.
>> Go with the Flow yourself when you click here. <<
Volatility Edge & Volatility Trading Club:
The Option Pit VIX Light Is Green, as the market for VIX futures is in full backwardation. SPX is still going up and down with around 2%+ moves per day.
To Your Trading Success,
AG