Friday
February 13, 2015
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC. (and Scott)
7 Days Until Las Vegas “Watch Me Trade and Ask Questions” Seminar
Great Morning!
Closing Prices From Yesterday
Yesterday and Today
Yesterday
YESTERDAY I WROTE:
“I would expect that we have to break on through that ceiling and run like hell. Based on the late night after hours markets one would be an idiot to assume we are going higher. E-minis are down 6 and TSLA is looking $6 to $12 lower. Then again it would not be entirely inaccurate to call be an idiot. “
So I got lucky! POT people know that I was pretty adamant about it as we were carrying a long 263 deltas, the largest position we have had since January 1.
What is a bit precarious is all the good news hit before the open and the Dow opened up only 30, the RSX was actually down a few pennies, etc. This I did not expect so I decided to exercise patience. The Ukraine problem may be resolved. Greece may be resolved. Earnings are almost done. The SPX was up 50% more than the Dow again (on a percentage measure).
TODAY
Two weeks ago I put my balls out on the line (like an idiot) said “the crazy January days are over”. I now know I was probably right. I expect significantly higher new highs in the next few months and a POUNDING in the summer. This bubble is maturing, but we need a hyper move higher, one where people are making money being long, but are frustrated they are not long more. It might not be a straight line, but it will be fun.
ONE QUESTION: DO YOU AND your friends know how to protect themselves if the world comes to an end after the Dow triples in 7 years?
We rode the huge run up and are actually ahead of schedule. Recall the game plan was to:
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Break even in January, but have a lot of condors, BWBs, iron condors, etc on.
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Wait until this market gets normal and is about to make a move up or down in a big way. Then get a great position on to capitalize on it.
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Capitalize on it and slowly leg out of the trade.
Yesterday we waited until the end of the day and sold out 100 (of 260-270) deltas).
POT is held each Wednesday night at 7:00pm eastern.
Contract the office at 1- 855 – RWT – 0008 for more details.
Too True To Be Funny
This guy is trying to break Wilt Chamberlain’s record.
This guy really is superman. Keep in mind he dropped out of Stanford the first day because he knew he wasn’t going to learn anything. He makes Steve Jobs look like an amateur. You watch. He will be richer than Jobs, Buffett, or Gates.
Attorney Stuff
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Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.
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