We will lead again this weekend with our ongoing experiment in Floydian Movies on trading for the week, so be sure to view the movie in the password protected area of the Blue Chip Website. www.bluechipoptions.com
For OEX subscribers we highly recommend you also subscribe to this service for three reasons:
*Our commentary on Monday is much more detailed, discusses current holdings, market trends and projections and new stock and option trades. Blue Chip carries the methodology of much of our OEX system to stock market and option trading.
Market conditions for the OEX over the past 6 months have been harder to trade than any time since we first began trading the OEX over 12 years ago, because volatility shifts dramatically and volume on the index exchange has lessened dramatically as market maker traders have shifted to other vehicles.
Having both subscriptions is a minor expense for the gain you can receive on just one option.
______________________________________________________________________
The Monday after Mothers Day the Dow has been up 12 of the last 15 years.
For OEX subscribers we highly recommend you also subscribe to this service for three reasons:
*Our commentary on Monday is much more detailed, discusses current holdings, market trends and projections and new stock and option trades. Blue Chip carries the methodology of much of our OEX system to stock market and option trading.
Market conditions for the OEX over the past 6 months have been harder to trade than any time since we first began trading the OEX over 12 years ago, because volatility shifts dramatically and volume on the index exchange has lessened dramatically as market maker traders have shifted to other vehicles.
Having both subscriptions is a minor expense for the gain you can receive on just one option.
______________________________________________________________________
The Monday after Mothers Day the Dow has been up 12 of the last 15 years.
Overall, the market remains with a bullish overtone, despite correcting in Gold and Silver as we predicted. Silver was the largest correction from 50 to 34. If we see Gold close below 1469 it may have more to correct.
However, we believe most professional investors have moved to equities, and that the retail investors are those still “betting” on I shares GLD and SLV.
In our Blue Chip complete commentary we share what instruments for precious metals we would be investing in, and plan to.
We also see Oil stabilizing by the middle of June near 95, a reasonable price to allow market trading and not crash all markets. Remember, oil is fully manipulated not by supply and demand but by commodity traders.
And a few F.A.Q.s that come up often to help you learn:
1. What makes the traders that “win” with you do so? What traits do they show?
They learn to see that nothing is black or white.
They stop listening to the knowledgeable, or reading the columnists
They follow the system rules 100%
2. What makes the traders that “churn” out of your system leave, especially those on the 30-day free trials?
-The churners are first those that think they will learn everything in 30 days.
-They seldom read or watch the movies available online, and instead just start trading off the daily alert, and lose their ass
-Typically they enter learning with the prejudices of what they have learned or read, and are not ever believers that most facts are false, that the market is manipulated, or that one is actually “poker trading” against another in bid/ask.
3. What does the average full time trader with your OEX system earn annually?
First it’s illegal for me to answer this, much like franchisors can only offer ranges
Second, it depends on the risk to reward ratio the trader has. Conservative traders make less, but longer. Risk oriented traders make larger amounts, with great chances of losing
4. How long does it take to learn to trade options?
One should “virtual paper trade at least 90 days”; typically it takes one year to learn to trade options.
5. What is the single greatest mistake you see new traders make?
They move too fast. Not enough study, the need to trade (instant gratification) and if they do well they move even faster. There’s really two reasons though; the new traders that don’t make it usually take NO time to study our articles, movies or charts
6. You have traded for many years. What is your best quality in trading?
-My best quality is my learned intuition about the market. I listen to almost no one and keep all the noise out of my trading.
-I have a gambler personality and am a high-risk trader. At times I haven’t stopped fast enough when on a good run
7. If you were going to learn just one thing to trade, what would it be?
-Point and Figure Charting
No comments:
Post a Comment