Your Almost Daily Bit of Wall Street Wit & Wisdom

“The best way of preparing for the future is to take good care of the present, because we know that if the present is made up of the past, then the future will be made up of the present.  All we need to be responsible for is the present moment.  Only the present is within our reach.  To care for the present is to care for the future.”
— Thich Nhat Hanh

 

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

Superleverage, it’s the only sensible way to speculate.”
— Paul Sarnoff

With Comic-Con in town, this struck me as a natural subject.  Superleverage is the art of profiting from changing prices, with limited risk AT ALL TIMES, without ever getting a margin call, asked to put up additional funds, or forced to liquidate your position.

The instruments of Superleverage are exchange traded put and call options.

Buyers of puts and calls are the ONLY ONES who possess the full profit power of Superleverage.

The Superleverage power of our method was on display again today, as our call on Barrick Gold Corp. (GOLD) closed +296% in a month, with an always known and strictly limited risk!

The underlying shares have made a nice move, from $13.89 to $17.35, propelling our recommended GOLD September $14 call option from $85 to $337!

If this is the type of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

Manute Bol and Muggsy Bogues

Manute Bol and Tyrone “Muggsy” Bogues, 1987 h/t Jerry Wachter/NBAE/Getty images

“Not only your returns but also your risk of ruin is dependent on your position sizing.  Your risk exposure determines your long-term results regardless of how good your trading method is.”
— Steve Burns, @SJosephBurns

Proper position sizing is based on your psychological and financial tolerances for risk.  And that differs for each individual trader.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

gold pan

Photo credit: Paperny Entertainment

“Finding winners, especially big winners, is a process of discovery.  The losing trades are an integral part of that process.”
— Peter Brandt, @PeterLBrandt

Our recommended call option on Barrick Gold (GOLD), triggered 06-17-19 at $85, traded this morning at $280, +229% in less than a month, with an always known and strictly limited risk!

If that’s the type of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve