Your Almost Daily Bit of Wall Street Wit & Wisdom

power plate

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,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

Outsiders

h/t AP Photo / Warner Bros.

Look for options that are set to move from “out-of-the-money” to “in-the-money.”  That is where your greatest returns are made.

You should only trade options with risk capital (money you can afford to lose) and only if you understand options.

Out-of-the-money options have no intrinsic (real) value.  Their premium (price) is for time and volatility only.

In-the-money options have intrinsic value plus time value.

Now in our 31st year of publication, Options Hotline readers apply our Superleverage strategy to make great options gains from small stock moves, with an always known and completely limited risk.

Subscribe to Options Hotline today to stay a step ahead of the crowd.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Shane Parrish quote

h/t Shane Parrish, @ShaneAParrish

The quote above is from self-improvement specialist Shane Parrish and his excellent Farnam Street blog (fs.blog). Always learning.

Yes, don’t take yourself too seriously and don’t be concerned with conforming to the crowd.  I get nervous when the popular view matches my own.

Knowledge is a key characteristic of successful traders, along with courage, discipline, and hard work.

And, of course, luck.

Good luck in your trading.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

“Intelligence consists in ignoring things that are irrelevant.”
— Nassim Nicholas Taleb

Now in our 31st year of publication, we do our best to filter out the noise.  At Options Hotline, we combine the best of western technical analysis with my expertise in applying ancient Japanese charting techniques to today’s markets.

I base my analysis and outlook on the character of the behavior of market price movement.

That is important.

To profit from my knowledge based on experience, subscribe to Options Hotline today.

Good luck in your trading!

Best regards,

Steve