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

Your Almost Daily Bit of Wall Street Wit & Wisdom

right or wrong

h/t vecteezy.com

“It’s not whether you’re right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.”
— George Soros

Money management may be the most important factor in successful speculation.  A good money management plan is different for each individual.

Developing a sound approach to money management is often the overriding determinant of survival and success or failure in the market.

Best regards,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

lion

h/t NatGeo

“The courage to press on regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us is the quintessential attribute of the successful investor.”
— John “Jack” Bogle

For 30 years and counting, Options Hotline’s focus is on sensible speculating more than investing.

Courage, along with knowledge, discipline, and hard work is a key characteristic of successful traders, as well as investors.

Best regards,

Steve