Monday Market Movement – Dead Week Ahead

Why are you here? 

I told you it was going to be a pointless, slow week.  You need to take advantage of these things and take vacations.  Surely you didn't become a trader so you could be chained to a desk all day, right?  Get out there and have some fun, the market will still be here when you come back.  

We took a quick $338 per contract profit off the table already on our oil shorts and that's a nice $3,380 on 10 contracts to fly us down to Florida and have a big old turkey dinner with the family and THAT is why I like being a trader – just a little bit of work for a lot of reward (after putting in years and years of hard work and practice, though).  Still, the point is you have to learn to enjoy yourself, that's why our tag-line is: "High Finance for Real People – Fun and Profits."  If you're not having any fun – what good are the profits? 

Related imageAs I noted in our Portfolio Reviews last week, we're trying to emphasize the LONG-term investing strategies.  Futures trades like the one above are fun but they are a lot more fun when you KNOW you have a good collection of stocks working for you 24/7 to keep new money pouring in.  In the case of our Long-Term Portfolio (LTP), we're collecting $50,000 a year in dividends alone and we just added another dozen big dividend-paying stocks to our Watch List.  

Our Portfolios have been pretty much locked in neutral since October, with only our Buttefly Portfolio putting up big returns because it's already self-hedging and doesn't really care whether the market goes up, down or sideways.  If I had to trade just one strategy the rest of my life – that would be the one I'd pick (though I'd be SO bored!).  Boredom is why we play the Futures.  Good trading is BORING – it's supposed to be boring as you grind out steady, consistent gains.  If your tading is exciting, you are probably doing it wrong…

One of our Memberships at PSW is our Top Trade Alert and we've sent out 6 Alerts in the
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