“More data — such as paying attention to the eye colors of the people around when crossing the street — can make you miss the big truck.”
— Nassim Nicholas Taleb
Successful speculation is as much about honing your survival skills as it is finding winning trades.
Don’t suffer paralysis from over-analysis.
Pick the indicators you like best and use them.
That can can help you stay a step ahead of the crowd.
Subscribe to Options Hotline today, to see how we use puts for protection.
Chart by Steven Sarnoff, h/t stockcharts.com
“Stocks take the stairs up and the elevator down.”
— An old market maxim
FYI: Our subscribers are positioned in protective puts on the QQQ since mid-January.
Sign up today to stay a step ahead of the crowd.
“Embrace selloffs because that’s when the market gives you its best clues.”
— Joseph Fahmy, @jfahmy
Keeping your eyes open to developing divergence between the action of individual stocks and the market can provide powerful information.
If a stock is holding up well while all around are down sharply, that tells you something good.
Casper David Friedrich’s 1818 oil painting, Wanderer Above the Sea of Fog
“As a practitioner of uncertainty I have seen more than my share of snake-oil salesmen dressed in the garb of scientists, particularly those operating in economics.”
— Nassim Nicholas Taleb, Fooled by Randomness
Trading options is to practice uncertainty. The painting above represents my view of work each day.
The characteristics of a successful trader are: knowledge, discipline, courage, and hard work.
Then it’s up to luck.
Options Hotline is in its 31st year of publication, helping sensible speculators vie for fun and profit by providing specific, actionable information and recommendations.
Subscribe today to join our readers, navigating uncertain markets and staying a step ahead of the crowd.
Power Plate, h/t pcrm.org
“When the market sells off on fears of a global pandemic it’s not considered a ‘healthy correction.'”
— StockCats, @StockCats
Speaking of healthy: Eating the whole-food, plant-based way helps boost your immune system to prevent and reverse many illnesses. Check out one of our favorite nonprofits, The Physician’s Committee for Responsible Medicine, for more info.
To your health,
“Knowing chart patterns is akin to knowing the value of poker hands. They are of little value if you don’t have the additional game skills needed to play them.”
— Steven Goldstein, @AlphaMind101
“There is only one side of the market and it is not the bull side or the bear side, but the right side.”
— Jesse Livermore
“Buying the dip or buying a breakout usually works the best when the majority think it’s a bad idea.”
— Steve Burns, @SJosephBurns
“The first principle is that you must not fool yourself and you are the easiest person to fool.”
— Richard P. Feynman
For successful speculation, traders say, “Yes” to knowledge, courage, discipline, and hard work.
“No” to emotion.
Good luck in your trading.
UCLA h/t dailybruin.com
“When the market educates you by taking your money, the choice is yours whether to use it as motivation or an excuse to give up. You have to get used to it. Investing is a life long education and its teacher is loss.”
— Ian Cassel, @iancassel