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
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.
“I became overconfident, and that is the most dangerous state of mind anyone can develop in the stock market.”
— Nicolas Darvas
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.
“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!