Making Money On The Trends With Far Better Trades
I have been having a blast trading this last week. I made $7,300 on KKD, $1,700 on FRX, $2,000 on QQQQ and am doing properly in my open trade entering FRX for the downside.
I am putting a day of my commentary here for you to see the value of using THE DEDICATED TRADER web site as a buying and selling tool.
A single thing I learned, when I decided to trade inside the stock marketplace, is how important it would be to learn from someone that is really walking the walk and trading. Let me clarify that even much more, creating money within the market!
I’ve been shocked to locate out how several folks available which are big name authors within the stock market that do not trade or have a negative buying and selling record. What I mean may be the rumor is they’re no good at buying and selling!
I do what I teach! I’m a single of really handful of stock market authors who not just talks the speak, but I walk the walk. I place my trades on my daily commentary for you personally to understand from. And this has been extremely valuable for my readers.
In addition to my commentary, I have a mentorship program referred to as TRADERS Talk, where you can pay to spend four hours a week in a private Webshop with me. We go over any trades or whatever you wish to understand, such as my trades. It can be extremely effective, and I have been able to watch people go from a beginner level to about 3 years experience in just a couple of 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 a few hours ago using 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 just before commissions. Not poor for any Friday.
My other trades are going properly – RED, RED, RED..I love the downside.
TRADES: 12:00 EST
1. I bought 15 contracts of FRX puts. August $60 puts $5.90 FHATL. I’ll stop out if it breaks the large of nowadays at $55.90 if it doesn’t head back down correct away. I’ll then trail it down to around $52 to profit.
two. I just obtained 40 contracts of the July $33 QQQQ puts for $2.45 QAVSG. I am going to stop out with an alarm if it breaks the higher of these days at $31.47 and does not turn back down correct away. It gapped up nowadays on Intel’s excellent earnings report but is acquiring weak as I kind. I usually do front or next month out on the QQQQ. I will trail it down for profits.
Excellent MORNING & Happy FRIDAY!
The markets are looking very green at the market open, and my trades for nowadays 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 market was down:
DOW: AA AXP DD XOM
NASDAQ: CMVT INTU JNPR MOLX NXTL SANM SPOT
I had no up trades. We seem to be within the middle of a trend for most stocks, and we are in a very sweet uptrend.
That is about all for nowadays. If I do place a trade I’ll put the comments above this section later today.
So even though this message is short, it’s a effective one..BE CAREFUL WHO YOU LISTEN AND Understand FROM!
The stock market is really powerful. If you discover how to trade, and don’t short change yourself by trying to trade without necessary tools, you are able to have TIME & Money FREEDOM beyond your wildest dreams. I would love to help you!
Last, I just want to mention my trade on the QQQQ’s. It is 1 of my favorite things to trade. It is an EXCHANGE TRADED FUND that in fact owns all of the NASDAQ 100 stocks in it. MSFT is the heaviest weight so I do watch what MSFT is doing for a direction. It obviously follows the NASDAQ industry.
But as it is possible to see by my trade listed above, I was capable to buy 40 contracts at $2.45 a share for a cost of $9,800 and my delta was .71. The stock only moved about 77 cents to take a profit of 50 cents – creating me $2,000 in about two hours. SWEET!
What I love about the QQQQ’s is that they have strike prices every 1 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. Which 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 is so cheap around the QQQQ!
A lot of people miss the boat, thinking the QQQQ doesn’t move enough to make it worth buying and selling! 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 have been 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 am going to be doing a course on this soon. I will probably offer a free 1 hour class on my site to introduce you to it. I think you are able to see why I’m 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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