Archive for June, 2008
June 30, 2008
Daily Review and Commentary for June 30th, 2008
The Dow tried to rally today and then fell back to almost even. This is not a good sign for the market.
Even though a potential rally is coming I have closed all monthly income trades in the portfolio as a defensive measure at at a small loss for [...]
June 27, 2008
Weekend Review and Commentary for June 23rd- 27th, 2008
(Personal note: My eyes are extremely sore this weekend and even with
the medication the doctor gave me it was very difficult to record this
video. I wanted to make it a bit longer, but due to my condition, could
not. I will make it up to you as soon [...]
June 26, 2008
Daily Review and Commentary for June 26, 2008
Today the Dow was down -358 pts. With only 2 more trading
days left in the month it could be the worst month for stocks
since September 2002.
What does this mean for us and our trades? It doesn’t look
good, but there is hope… watch the video to find
out what has [...]
June 25, 2008
Daily Review and Commentary for June 25, 2008
Today I discuss our current positions and a provide little introduction to Double Diagonals.
Also, I begin the discussion of ‘how’ and ‘what’ to look for when closing out positions. This is an important discussion. It begins by assessing your ‘inventory’ of option contracts. This is a ‘business’ remember [...]
June 24, 2008
Daily Review and Commentary for June 24, 2008
Today I discuss our current positions for our demo account. I also show you what I’m doing in my personal account. Even though the ‘window’ for adding trades such as calendars and Iron Condor’s is just about closed (remember we like to add them 30-40 day before expiration), [...]
June 23, 2008
Daily Review and Commentary for June 23, 2008
Today I discuss being ‘delta neutral’. You may have heard the term used before or not, but it’s an important idea to understand in trading.
I explain when it’s important and when it’s not and how to use certain adjustments that bring you to a delta neutral position quickly [...]
June 20, 2008
Weekly Review and Commentary for June 16th-20th, 2008
Rather than doing a quick Daily Review on Friday* I thought it would be helpful to go into more detail on our current monthly income positions and an analysis of the current market as well as some adjustment ‘philosophy’ in this new series of “Weekly Reviews”…
DOWNLOAD IT [...]
June 19, 2008
Daily Review and Commentary for June 19, 2008
The Dow bounced off of the support area I illustrated in the video yesterday and the market did rally a bit. It’s highly probable at this time that the market will continue higher over the next 2 weeks. Things do change but the probabilities now are that the [...]
June 18, 2008
Daily Review and Commentary for June 18, 2008
Here are the trades I made today for my monthly income portfolio.
These are not recommendations – use your own judgement and analysis before entering any trades.
Don’t forget to paper trade these first – at least 2-6 months – before making any real money trades…
Type – SYMBOL – [...]
June 17, 2008
Download the Daily Market Review and Commentary for June 17, 2008 – Click here to download
Here are the trades that I took today (watch video for details
and exact fills):
Don’t forget to paper trade these first – at least 2 months – before
making any real money trades.
Type – SYMBOL – Strikes – Credit/Debit
———————————————–
Iron Condor – [...]