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Making Cash Around The Trends With Better Trades
July 31, 2010 by man
Filed under Uncategorized
I have been having a blast buying and selling this last week. I created $7,300 on KKD, $1,700 on FRX, $2,000 on QQQQ and am doing well in my open trade entering FRX to the downside.
I’m putting a day of my commentary here to suit your needs to see the value of making use of THE DEDICATED TRADER web site as a buying and selling tool.
1 factor I learned, when I decided to trade in the stock industry, is how crucial it is always to discover from someone that’s really walking the walk and buying and selling. Let me clarify that even much more, creating funds within the marketplace!
I’ve been shocked to find out how several people out there which are large name authors within the stock industry that do not trade or have a negative buying and selling record. What I mean is the rumor is they’re no great at trading!
I do what I teach! I’m one of very handful of stock market authors who not just talks the speak, but I walk the walk. I location my trades on my daily commentary for you personally to learn from. And this has been really valuable for my readers.
Additionally to my commentary, I have a mentorship program called TRADERS Talk, where you can pay to invest four hours a week in a private Webshop with me. We go over any trades or whatever you wish to learn, such as my trades. It is very powerful, and We have been able to watch folks go from a beginner level to about 3 years knowledge in just several sessions.
Right here is my commentary for Friday, June 6th:
Industry Notes – Friday, June 06, 2003:
COMPLETION OF QQQQ TRADE: 3PM EST
I closed my QQQQ trade from several hours ago making use of a GTC I set about 1/2 hour ago to just take 50 cents. I was filled for $2.95 on my 40 contracts listed below for a profit of $2,000 prior to commissions. Not bad for a Friday.
My other trades are going well – RED, RED, RED..I love the downside.
TRADES: 12:00 EST
1. I purchased 15 contracts of FRX puts. August $60 puts $5.90 FHATL. I’ll stop out if it breaks the higher of these days at $55.90 if it will not head back down correct away. I will then trail it down to around $52 to profit.
2. I just bought 40 contracts from the July $33 QQQQ puts for $2.45 QAVSG. I’ll stop out with an alarm if it breaks the high of nowadays at $31.47 and doesn’t turn back down proper away. It gapped up these days on Intel’s great earnings report but is getting weak as I kind. I generally do front or next month out about the QQQQ. I will trail it down for profits.
Good MORNING & Happy FRIDAY!
The markets are looking very green at the market open, and my trades for today are all down ones (that’s if the markets were down) Perhaps in a couple of minutes we will get a reversal????? I doubt it!
Anyway here were my candidates if the industry was down:
DOW: AA AXP DD XOM
NASDAQ: CMVT INTU JNPR MOLX NXTL SANM SPOT
I had no up trades. We seem to be inside the middle of a trend for most stocks, and we are in a really sweet uptrend.
That’s about all for today. If I do location a trade I am going to put the comments above this section later these days.
So even though this message is short, it is a powerful a single..BE CAREFUL WHO YOU LISTEN AND Discover FROM!
The stock marketplace is very effective. If you understand how to trade, and don’t short change yourself by trying to trade without necessary tools, it is possible to have TIME & Funds FREEDOM beyond your wildest dreams. I would love to help you!
Last, I just want to mention my trade about the QQQQ’s. It can be 1 of my favorite things to trade. It is an EXCHANGE TRADED FUND that actually owns all of the NASDAQ 100 stocks in it. MSFT could be the heaviest weight so I do watch what MSFT is performing for a direction. It obviously follows the NASDAQ industry.
But as you are able to see by my trade listed above, I was able to buy 40 contracts at $2.45 a share for any cost of $9,800 and my delta was .71. The stock only moved about 77 cents to take a profit of 50 cents – making me $2,000 in about two hours. SWEET!
What I love about the QQQQ’s is that they have strike prices every one dollar! That means the July 33 calls I got when the stock was at $31.30 were only $2.45 with a delta of .71. That is incredible. You see, I could invest $5 – $8 per share on regular stocks to try and get that high of a delta, but it’s so cheap about the QQQQ!
A lot of folks miss the boat, thinking the QQQQ doesn’t move enough to make it worth trading! What a mistake! I love trading this, and it only needs small moves to profit – but your investment is so small compared to trading stocks.
If you had only done 10 contracts that would are already a $500 gain from $2,450 before commission which is 20%! In several hours 20% is phenomenal!!
All you need to do is pretend the QQQQ are a stock. Look at support and resistance the same way you do already, and choose a strike price with a delta of .70 or higher for a short term trade and trade it up on support and down on resistance.
I’ll be performing a course on this soon. I am going to probably offer a free one hour class on my site to introduce you to it. I think it is possible to see why I am so excited about it, and I hope you might catch the fever.
I teach a two day class twice a month, check it out on my site! I am going to be in Atlanta on June 19 -20th…come see why students say I was their miracle they needed to become a far better trader!
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