Tuesday, March 2, 2010
Sorry always seems the hardest thing to say.
But isn't a big apology exactly what we owe Wall Street today?
We've foolishly given the financial industry a trillion dollars in support of its balance sheets and markets. We did so even though the big banks and brokerages clearly didn't need or want our help. Things were just fine in September 2008, but then we had to go and stick our noses into the world of high finance.
Now, we're making matters worse by trying to tell them how much to pay their people, how much risk they can take and what businesses are kosher. Suddenly, we feel we're better bankers than the bankers. We know to whom they should be lending. We have strong opinions about what they do with our money.
We're sorry about that.
We're sorry that we want strong control of our money supply. We regret that we want to have government protection of our deposits, our checking accounts, mortgages and credit cards. Maybe it's our simpleton ways. We get nervous when we lose our jobs and have to sell our homes at a discount to eat.
That's our bad.
The fact is Wall Street has done as masterful job of handling these accounts. And we should acknowledge that the overdraft fees, escalating interest rates and calamity in the mortgage market are really our fault, not the banks'.
It's funny that Lloyd Blankfein, the chief executive of Goldman Sachs Group (GS) should have to keep apologizing for his firm's success. He said that given hindsight Goldman would have done things a lot differently. Goldman engaged in "improper" behavior, he said. But when he made those comments Jan. 14, he wasn't talking about the bets Goldman made against toxic mortgage securities it was selling clients. That's the lord's work after all.
I think I speak for everyone when I write, sorry Lloyd, I don't know how we got that one confused. I guess that's why they pay you the big bucks ($68.5 million in 2007).
But please understand, we only had the best of intentions with our meddling.
When your balance sheets looked like they were in trouble we forced the $700 billion Troubled Asset Relief Program on you.
We only wanted to prop you up with the Term Asset-Backed Securities Loan Facility, a program designed to give the industry $200 billion in loans against "top-rated" credit-card, small business, student and auto loan debt.
The $30 billion Public-Private stock Investment Program was intended to only lighten the load of bad assets on your books. When that program didn't look promising we just tried to let you wipe it away yourselves by eliminating accounting rules that made you value the junk for what it's worth.
When you couldn't issue debt, we told the Federal Deposit Insurance Corp., the institution in charge of our nest eggs, to back your bonds. Reluctantly you took us up on it. Eighty-four bond issues for $309 billion were made under the program. Citigroup (C) issued $64 billion. Goldman issued $21 billion. Bank of America (BAC) issued $44 billion.
We know, you did it just to make us feel better.
And when all of that didn't work, we simply told the Federal Reserve to step up to buy an unlimited amount of mortgages and hand one of your trading partners, American International Group (AIG) a $182 billion lifeline.
How any of this stuff would be interpreted as backing banks while they continued to take bets "with their own money" on proprietary trading desks, hedge funds and private equity, is a mystery.
Compared to our squeeze on your bonuses, this stuff was just kids' play. At Goldman, the average bonus worked out to just $460,000 per employee -- just a little more than nine-times the U.S. median income. Sorry, there's no way anyone can buy a Bugatti Veyron, even used, for those peanuts. So much for stimulating the auto industry.
In retrospect, all of that bailout money should have been earmarked for Wall Street bonuses. Without deep cash, your bankers are probably considering jumping to more lucrative jobs elsewhere, perhaps in Major League Baseball or playing the lottery. They're not focused on stabilizing the financial system, and the resulting problems are our fault for questioning you. Understand that we don't get paid the big bucks for a reason.
No, we just have our shrinking 401(k)s, our individual retirement accounts and maybe, if we're lucky, our homes. We're too dense to see how bulletproof the financial system is and really no amount of taxpayer support could ever pay you back for all of the good times we've had during the last two years.
So, Wall Street, forgive us for our meddlesome ways. Forgive us, and Paul Volcker, for wanting a return to boring old banking. Forgive us for the sarcasm.
Most of all, forgive us for ever trusting you in the first place.
Monday, March 1, 2010
And yet that's exactly what millions of Americans are doing every day as they flush their money into typical buy-and-hold stock trading.
Don't get me wrong — you very well could make some money buying regular top stocks for 2011...
Just not over the last few years.
For instance, if you could've invested $5,000 in the S&P 500 on December 31, 2006 — and let it sit there for the next 4 years — you would have ended up with a whopping...
Yup, it's true. You would have actually LOST $750 of your money.
Pretty sad, right? These are supposed to be the cream of the crop Wall Street has to offer — the blue chip titans that have made Americans rich for decades.
And yet all they were able to do for you over the last ten years was lose 15% of your hard-earned nest egg.
Well, here's the even sadder part...
If you'd just used a slightly different approach, over the last 4 years you could have taken that same $5,000 and had scores of opportunities to transform it into $12,050, $14,400, $18,100, $19,550 even $21,500 or more...
And not in years, or even months. In some cases we're talking a matter of weeks, or just days...
All thanks to an investment that 9 out of 10 investors don't even have the guts to touch.
Because too many "experts" have told people they're not seasoned enough...
Because the talking heads of CNBC or Fox have labeled it a "fringe" investment...
Because scam artists try to charge thousands to "educate" investors on how to use this simple profit tool...
But this is all a bunch of bull. And I'm writing you today to set the record straight.
You CAN trade options.
All you need is a small amount of safe, simple, and above all PROVEN guidance.
And that's exactly what I'm writing to offer you today.
Before the next 10 minutes are up, you'll have the answers to most (if not all) of the pressing questions you might have about options trading...
100% FREE of charge or obligation.
You'll also have a FREE, no-strings-attached options "starter play" given to you in exact detail right here in this letter.
That "starter play" could easily produce up to a 50% gain within the next 8 weeks — a fantastic start to your options career.
And this isn't the kind of bait-and-switch tactic I'm sure you're used to seeing...
You'll receive the ticker symbol and all, right within this note, without having to buy a thing.
Above all that, you'll be offered the opportunity to be coached every step of the way on your path to becoming a seasoned options profiteer.
But before you decide anything, let me introduce myself and show you exactly why I know — beyond a shadow of a doubt — that I'm the man to set you off and running on your options trading joyride...
With confidence, clarity, and a wealth of great opportunities ready for the taking.
I'm Ready to Transform You Into an Options Trading Pro...
My name is Ian Cooper. For the better part of the last decade, I've been operating outside of Wall Street's reach, mastering the art of turbo-charged options trading.
When I say "turbo-charged" here's what I mean:
• Fremont General September 2007 puts - 291% in 16 days
• Lennar January 2008 puts - 279% in 40 days
• Pulte January 2008 puts - 224% in 40 days
• New Century January 2008 puts - 214% in 16 days
• Centex January 2008 puts - 207% in 40 days
• Countrywide January 2008 puts - 203% in 69 days
• Thornburg October 20 2007 puts - 188% in 6 days
• MGIC Investments December puts - 175% in 80 days
• Capital One January 2008 puts - 160% in 59 days
• Accredited Home September 2007 puts - 141% in 4 days
• Hovnanian November 2007 puts - 136% in 13 days
• Radian Group August 2007 puts - 122% in 19 days
• Standard Pacific September 2007 puts - 111% in 2 days
• Autonation January 2008 puts - 105% in 49 days
• Coca Cola November 2008 puts – 262% in 39 days
• JA Solar September 2008 calls – 113% in 7 days
• Lehman Bros January 2009 puts – 208% in 4 days
• Financial Select Sector January 2009 puts – 221% in 7 days
• Dendreon Corporation August 2009 calls - an amazing 338% in just 6 days!
Now, as a newcomer to the options game, the first part of those bullet points might not mean a whole lot to you — words like "puts" and "calls" might be Greek to you at this point...
Don't worry — you'll know what those terms and more mean, shortly.
For now, just focus on the second half, the part I've bolded for you.
These are the kinds of gains that options traders have been making over the last few years, while the rest of the market went to hell in a hand basket.
It probably happened to a lot of investors you know...
Their portfolios filled with "safe" buy-and-hold top stocks top buy self-destructed, losing them untold amounts of money.
But that "1-out-of-10 investor" I mentioned earlier — who took the leap and started trading options — shrugged off the financial crisis and continued padding their bottom line with triple-digit win after triple-digit win.
I'm not trying to brag here, but every one of those potential gains you see above were plays that I recommended to my readers.
Those readers were all members of my top-of-the-line trading research service, Options Trading Pit. Now, I'm not going to sugarcoat this next part...
If you're new to options, then you're NOT ready to join that service yet.
I'm not trying to be harsh, but I'd hate to see people get in way over their heads before they knew what they were doing.
So that begs the question: How DO you get to know what you're doing?
That's why I decided to create Options Trading Coach, a unique beginners-level options service that teaches you everything you need to know to become an options trading pro...
Beginning a profits joyride of your own — just like the one I showed you above.
Options Trading Coach isn't just a teaching tool, either. If you decide to let me turn you into experienced options trader, you'll also be receiving real, live options trades every month for you to cut your teeth on...
And potentially bank some serious double- to triple-digit gains in the process.
In fact, I'm going to give you your very first trade, that "starter play" that could deliver 50% in just 8 weeks, right here today in this letter — FREE of charge.
PLUS... when you try Options Trading Coach you risk nothing at all — for a full 6 months.
I'll get into all of the specifics of everything I just told you in a moment, but first let me say this is a GREAT moment to start your options trading career.
BusinessWeek has said that "options trading is suddenly catching fire," and they couldn't be more right.
Every year, options trading gets bigger and bigger. In 2008, 3.6 billion options contracts were traded — a full 25% more than 2007, another record year.
And why is this? Three reasons:
1. Options trades deliver far bigger gains than regular buy-and-sell stock trades.
2. Your purchase cost is far less than buying a stock; bigger gains for less money: win/win!
3. You can profit from options in ANY market.
Now, with those three reasons in mind, can you think of a single reason why you wouldn't start trading options?
Well, I can think of one: you simply don't know how.
So let's make today the LAST day you can say that.
Now I'd imagine your head might be swimming a little... Especially if you've never considered trading options before.
That's only natural. In fact, it's great. It means you're already on your way to learning how to use options to blast your portfolio into the profits stratosphere.
So with that being said...
You've Got Questions I'm Sure...
... and what kind of coach would I be if I didn't answer them?
Below are some of the most common questions I get from rookies to the options game. And this is really just the tip of the iceberg.
But with my help every step of the way, you really don't need to know much more than these basic fundamentals to become an options superstar...
Q: What are options?
A: Might as well start at the beginning right?
An option is a contract that gives you the right — but not the obligation — to buy or sell a stock at a specific price on or before an expiration date. It's that easy.
If you think that stock is going to go up, you'd purchase a "call option," which gives you the right to buy shares at a later date for today's lower price...
If you think that stock is going to go down, you'd purchase a "put option," which gives you the right to sell shares at a later date at today's higher price...
Either way, you keep the difference in the shares' value. It's easy money and a fraction of the outlay of actual shares for just as much in potential profits.
You can't do that with regular old buy and sell stock trading. It's also why options can make you money in ANY market!
Which leads us to our next question...
Q: How can options make me more money than regular stocks?
A: This is what makes it so crucial for you to get started with options if you want to be a successful investor.
The short answer is that options give you leverage.
Say you buy 100 shares of a $20 best stock for 2011 and the stock goes to $30. You've made 50%. A nice gain sure, but...
Let's say you bought an options contract on that $20 stock at around $3 a contract (which is good for 100 shares)... That $10 advancement could triple your investment in one contract. That's the leverage you want in today's market.
Here's a great example: Recently I made a trade on home foreclosures. The underlying stock for the company I bought the option on is only up maybe 5%...
... but the option is up 40%!
And with the worst of foreclosures still ahead of us, that means more buyers of this best stock for 2011.
That means more options contracts for the right to buy more shares — which gives me an even better shot of continuing to make as much as 8 TIMES the profits of investors who simply bought shares.
Of course, any time you're putting your hard-earned money on the line, you want know how safe it is. And that begs the question...
Q: Are options risky?
A: There's risk in any investment you make. Without risk, however, there's no gain.
Warren Buffett, the world's most famous and successful investor understands that... and he often uses options to reduce risk in top stocks for 2011 and profit from stock fluctuations at a reduced cost. He knows the power options can have when you make a sound decision based on sound analysis.
Just like I offer you as your Options Trading Coach.
But here's the long and short of it...
The biggest risk in options trading that doesn't exist with top stocks for 2011 is the limited lifetime. Options expire.
This means that your forecast for a stock movement has to happen within the time frame that you choose. This can range from one day to three years with LEAPS — as your coach, I'll explain this all to you in complete detail in just a minute.
So yes, options do present some risk; they shouldn't be approached with any more money than you can afford to lose. I often tell people not to risk the house. You aren't buying a company as a long-term investment. You're betting that a certain event will happen in the market within a specified time frame...
But remember, this is a calculated bet — not a shot in the dark. And as my track record can attest to, we'll win those bets FAR more than we lose them.
Q: In what kind of market do options perform best?
A: The beauty of trading options is that they can be used in any market.
In a down market, you can go on a "put option" shopping spree, making tons of money off the boatload of companies that are losing their shirts.
In a rip-roaring bull market, you'd switch up your strategy and start buying "call options" and watch your bottom line soar along with those top stocks for 2011.
Either way the market is moving, you can hedge your bets. So it wouldn't matter which way a stock or index was headed... You could profit regardless.
That's what makes options such a popular investment with savvy traders.
Better yet, options can be bought or sold at the fraction of the cost of an actual company's shares in ANY market.
Bottom line: options allow you to control and profit from the underlying stock in any market — without actually owning shares.
Sounding good so far? Well I'm sure you've got more questions...
Q: Are options hard to follow?
A: This is an easy one. Not at all. Options are as easy to follow as top stocks to buy.
Especially because with Options Trading Coach, we'll track your trades for you in our online portfolio.
Plus, I'll be in touch with you regularly to tell you exactly when I believe you should buy and sell your contracts. There's no sitting around biting your nails, watching CNBC or Bloomberg tickers like a hawk, trying to decide what to do.
You'll have me and my years of experience giving you precise instructions and education on the steps you need to take — not only to become a successful options trader in the future, but also make money off them RIGHT NOW.
But maybe you're skeptical about needing my guidance and you're wondering...
Q: Why do I need a coach to trade options? Can't I just start on my own?
A: Ask yourself this question first...
If you'd never played a hand of poker in your life, would you walk into a casino and throw down $5k on the table for a game — without knowing the rules, odds, or even what the cards themselves mean?
Of course not, because you're not stupid.
And you're not an Arab sheik, dot-com billionaire, or playing third base for the New York Yankees... more than likely, you can't afford to risk money on things you have no clue about.
Just as you would never ante up to a poker game you have no idea how to play, why would you try to teach yourself the ins and outs of an investment, while at the same time your money is at stake?
That's what Options Trading Coach is here for.
I'm not offering you some slapped-together DVD or 300-page manual that leaves you to figure out the Greek for yourself.
With Options Trading Coach, we'll hold your hand and walk you through what an option is, how it works, and how you can profit from it.
And the best part is you earn while you learn!
I'll issue you 1-2 real, potential triple-digit winning options plays each month. And as I mentioned earlier, you'll be instructed EXACTLY when to buy and sell these contracts.
Nothing is left to chance. So long as you're with us, we're with you.
If you want to make serious money as an investor, you must know options — and disregard the all-too-common belief that options trading is difficult, risky, speculative, and a complicated way to trade top stocks for 2011.
It's simply no longer the case.
These days, options trading is quickly becoming the preferred way among savvy investors to make serious gains while limiting risk.
But you can't do it without understanding the ins and outs. If you don't know what you're doing, you WILL get burned — this I guarantee you.
Sure, there's no shortage of options educational services out there...
But every one of them I've seen is part of some sort of "package deal" that costs hundreds (if not thousands) of dollars.
These packages include DVDs and printed fluff pieces that fail to deliver any gains — except to those who sell them...
Sure, you'll get the background information on options, trade terminology, and a few basic strategies to build your options IQ... but that's about it.
You'll probably receive a PDF of an options trading course that'll conclude with a further offer: "If you join us right now for just $995, we'll walk you through similar trades!"
So you just paid hundreds of dollars — but for what?
The chance to pay even more money to actually put your education to use?
That's not a resource. It's a scam. Plain and simple.
You're left wondering what to do next... and how to start making gains on your own.
And that's exactly why Options Trading Coach blows away these other options "education" products.
Every week, we'll alert you to new options trade set-ups and new ideas and strategies...
These are some of the same strategies and insights I recommend in my more advanced Options Trading Pit portfolio — which has returned 9,101% cumulative returns since January 2007.
In fact, I developed Options Trading Coach after many of my readers insisted on such a service.
We've even set up a message board — checked daily by yours truly — where you can dialogue with us directly.
But look, maybe you're still not convinced.
Maybe you're the kind of person who needs to see actual results in front of their eyes...
That's why right here in this letter today, I'm going to give you your first Options Trading Coach trade recommendation...
At no cost to you and with absolutely no strings attached.
The First Mile of Your Options Joyride
Now here's the point in most letters where you'd get the rug pulled out from under you.
The "guru" who's spent the last 10 minutes telling you how they're going to teach you how to get rich and promising to deliver the name of an ABSOLUTELY FREE pick...
All of a sudden asks you to hand over a few hundred bucks before he'll give it to you.
Well that's not the way Options Trading Coach operates.
Here is all the information you need to know to go ahead and purchase your first options contract:
If you're game, consider buying the Lexmark April 2010 30 put option (LXK100417P00030000) at or near 90 cents. We're looking to book at least a 50% gain on this position.
A word of warning: I believe this pick could return as much as 50% over the next 8 weeks. However, remember what I told you just a moment ago. Would you go and throw your money into a game you had no idea how to play?
You're more than free to take on this opportunity on your own. In fact it's a great opportunity.
Of course the only way you'll know how to pinpoint the PRECISE moment when to sell this contract and cash out that maximum gain...
The only way you won't be sweating bullets trying to follow the ticker each day...
The only way you can erase ALL the guesswork, confusion, and just plain fear you may have about purchasing the recommendation above...
Is to allow me to be your options coach.
Once you're a member of Options Trading Coach, I'll keep you updated on this Lexmark play — and all your plays following this one — constantly.
I won't leave you to the wolves to figure out what to do on your own, like a lot of other options services do.
So the choice is yours: Go it on your own... or let me do the heavy lifting for you.
And if you decide to do that, then here's the part I think you'll like best of all...
It's hardly going to cost you a thing.
The Cheapest (and Most Profitable) Education Out There...
First things first, as I mentioned before, when you sign on with Options Trading Coach, you'll have 6 FULL MONTHS to try the service at no risk whatsoever.
If after that 6 months you haven't made any money, still can't understand options, or just decide that it's not for you...
Then I'll refund every penny.
And you get to keep everything I've sent you and everything you've made off of it.
I'm essentially offering you a guarantee that you'll become 100% competent at options trading. If you don't, then you lose nothing on the deal.
Also, when you become a member of Options Trading Coach, in addition to teaching you the best options strategies being used today, I'll give you a new trade example every month that could easily lead to solid double- to triple-digit gains...
But that's not all you'll get.
As soon as you agree to try out Options Trading Coach, I'll send you access to my 9 easy-to-follow reports, which I'll tell you about in just a moment.
I suggest reading one per day. Each report takes roughly 15-20 minutes to read through — the same amount of time it takes you to wait in line for a morning to-go coffee.
Then, start following my weekly e-Letter reports so you can trade right alongside me.
I also personally maintain an online forum — available only to Options Trading Coach subscribers — to address all reader questions and concerns.
So by now, you're asking yourself, "How much will this set me back?"
Services like the one I'm offering you today usually cost anywhere between $500-$1,000 a year... and that's WITHOUT the regular recommendations — let alone the "starter play" I've given you today, completely free of charge...
Up until today Options Trading Coach has sold for only $195 a year.
Notice I said, "Up until today... "
My publishers and I have recently decided to really push the envelope to get as many "pupils" into my education service as possible... because we're so confident that once you've started working with us, you'll be hooked for life.
So in order to fill those spots as quickly as possible and get started on making some real options profits, I've decided to lower the annual price for Options Trading Coach to just $99.
That's it. No catches, no loopholes.
So here's the full tally of what you'll receive for $99:
• Report # 1: Options 101: The Nuts and Bolts of Trading Options in Today's Markets
• Report # 2: Selling Covered Call Options: Pocket A "Stealth Dividend" On Stocks You Own
• Report # 3: Buying Call Options: How to Use the Power of Leverage to Control Shares for Less
• Report # 4: Buying Put Options: A Better Way to Play the Downside
• Report # 5: How to Invest in LEAPS Options: Long-Term Security and Ultra-Control
• Report # 6: Options Glossary: A Handy Reference Guide to Every Option Term You'll Ever Need
• Report # 7: Master the Straddle Strategy: How to Straddle Both Sides of the Fence Under Any Market Conditions
• Report # 8: How to Control the Upside and Downside and "Strangle" Profits from Your Stocks
• Report # 9: The Dynamic "2-In-1" Strategy: It Lowers Your Cost, Hedges Your Risk, and Boosts Your Win Potential
Plus — each week, I'll send you my latest report in which I detail new actionable ideas, strategies, and trades you can make work for you, right away.
In addition, you'll get full access to our members-only website, where you can "beta trade" my recommendations, catch up on our latest (and archived) reports, and dig into our members forum...
... All for less than what you might spend on dinner and a movie for you and a date.
And don't forget: ALL of this is covered by my full Options Trading Coach 6-month money-back guarantee.
So you risk nothing at all by giving me a chance to make you a confident, successful options trader.
Why not give it a try?
You've already got a potential 50% winner sitting right under your nose...
Pick up a few contracts and then follow my coverage of it right up until the precise moment when we cash out for maximum gains.
Options traders aren't made overnight... But you can start trading them for big profits a lot sooner than you think — with the right guidance.
Stop LOSING money and wasting your portfolio's potential by buying stocks, simply because you don't know a better way...
I recently wrote a little about picking a best stock for 2011 and mentioned a few of the myriad ways in which an investor or trader might go about selecting a candidate. In my own trading life, as I review stocks, I find that the process becomes much more one of elimination than selection. As I look at a chart, for example, I can see that good old XYZ may have just reached up to a resistance and is turning down. A quick fundamental review may show that earnings have dipped due to some new competition, debt is considerably higher than other stocks in the sector, and a potentially large lawsuit has just been commenced against the company. If all this is occurring in a bull market, XYZ is not a buy for me; it is eliminated as a potential bullish addition to my portfolio since I know there are other better candidates out there. Does that mean that as a trader I am not interested in the stock? Definitely not. Though I have quickly rejected it as a buy I may give further consideration to XYZ as a bearish candidate. I may look at a different strategy that looks like it might have a greater chance of success with XYZ. Does it fit my parameters to short the stock, or to buy puts, or maybe put on a bear put debit spread or a bear call credit spread? I can see how those strategies might be a better choice given the information I have about XYZ and its price performance.
A majority of investors and retail traders may pass right over XYZ since their bias is bullish and they are only looking for top stocks to buy. Those investors may only really consider one strategy; buy the stock first and sell it later. In so doing they easily may miss the apparent opportunity the XYZ scenario offers to an investor armed with more than one strategy. There are many ways to making money in the markets, and the utilization of various strategies can add income streams and profits to the trader or investor who gains understanding.
How we invest or trade is a personal decision. The decision is influenced by how much time we have, how much cash we have to invest, our age, our family situation, our risk tolerance, our interest and a variety of other factors. No matter who you may be, if you have the interest to read this article, there is almost certainly a strategy that will fit your situation and comfort level. I devoted my new book to this subject. "Smart Investors Money Machine" is designed for investors as well as traders. In "Smart Investors Money Machine," I have tried to consider a wide variety of investors and traders using examples of a young single person, a growing family, and a couple reaching retirement to show numerous ways each might select a strategy that fits them and their lifestyle and at the same time will provide them with more income. The book isn't limited to option strategies though it does discuss some. The scope of "Smart Investors Money Machine" encompasses a variety of strategies from buy and hold to dividend capture to writing covered calls, to specific sectors that offer exceptionally high yields and includes a basic primer on bond investing and annuities, and even explains a little about reverse mortgages. With each strategy, I not only describe the strategy but also show how people in differing times and stations of life might use it to bring in more income to lighten their daily load.
The point is there are lots of ways to create streams of income. Some of them require a lot of time and some very little time. Some are very risky and offer higher potential rewards while others are accompanied by a lesser risk but offer a lesser potential reward. There are plenty of ways to do it and some of those ways are likely to fit your specific circumstances. In my view, it is definitely worth the trouble to explore the possibilities and see what you like and what can work for you.
Almost assuredly there are strategies for you. What I often see is people trying to be traders rather than investors when they have neither the time, the knowledge, the capital, nor the risk tolerance to really be traders. My advice to them universally is it is great to be a trader, but first you need to acquire the knowledge. In the meantime, there is no reason why they shouldn't be generating additional income using other strategies that may be less complex, less time consuming, require less attention (in some cases even no attention), and still add a stream or streams of income.
The strategies we utilize are critically important to our success and choosing what strategy we will employ may be as important, and sometimes even more important than the specific XYZ we select.
Recommended Top Stocks To Buy:
FAS (Direxion Daily Financial Bull 3X Shares)
This past week, Option Trader closed a debit spread on FAS for a before commission gain of 76% in just under three months. Thereafter, a new debit spread was entered using slightly different strikes. For those with an interest in financials, FAS is an interesting vehicle.
UNG (United States Natural Gas Fund ETF)
Trend Trader opened and quickly closed a one day trade to grab a 2.4% return before the small commission. Since exiting, UNG has been drifting down toward an uptrend line. I'm continuing to watch to see how the share price behaves as it deals with the trend line.