Thursday
April 17, 2014
Random Walk’s Mission:
To help 1% of the population learn that they do NOT have to be wiped out in an economic catastrophe and/or market crash, and make it as easy as sending an email.
Markets Closed Friday
SPX settles (.SET) on the opening print. The other products expire on the close today.
POT People….
Hope you liked the Bomb I dropped yesterday.
Others….you all can have 1 free POT class to see the new format we are doing. Read more about it in the POT section BELOW.
This Saturday
The Dow
The Dow was up 162.29 at 16,424.85
AAPL
AAPL closed up for a change. This time it was up 1.05 at 519.01.
The VIX
The VIX closed at 14.18
TLT
Up 0.14 at 111.27
Silver and Gold
GLD Closed up 0.125.54
SLV Closed unchanged at 18.88
TSLA
Tesla was up 5.20 at 199.10
RSX (Russian Index)
Closed up 0.50 at 22.62
Ā
Yesterday
The market took off to the upside right out of the gate. The Dow opened up about 100 and the E-minis up 10. As is typical with current conditions the market sold off from there to roughly unchanged. From there we slowly climbed until the Beige Book came out and Yellen spoke. We then ran up and closed on the highs.
Today
The futures are down about 3.50 in the E-minis and 37 in the Dow futures are about 1:00am. This would have people thinking that we will have a down open, BUT there are some economic numbers out before and after the open.
Keep in mind that the markets are closed on Friday in observance of Good Friday. The SPX will be marked on today’s open. Every other product’s expiration is at the close today.
POT is held each Wednesday night at 7:00pm eastern.
Kaboom!
I thought for sure I was going to have the office tar and feather me. They are excited as I am about the changes.
I am totally redoing POT, and I want everyone to have a chance to see it.
Anyone who calls the office 1-855-RWT-0008
What’s New?
I am just doing what the students and I want ā no impute from the office. There were too many cooks in the kitchen ā well meaning cooks, but too many nonetheless.
We have been working from the plan of not legging too much. Keeping hedges on forever (to avoid complication) no matter how profitable. Avoiding too cheap of stocks and too volatile of indexes (NDX). In short…..my hands were tied a little.
Random Walk very much cares about each person’s goals, desires and successes. When we get an email requesting something, as long as it makes sense we try to implement it. That is great, but the small problem is that it often steers us away from what many quiet people like towards what one individual desires.
Also,
Going forward…I am going to start pasting the account’s net greeks on the updates. Even if you are lost, I will refer to them from time-to-time. This will help people learn āportfolio managementā a little easier. We have been trying hard to not lose people in the material, but in the wrong way. I think pulling them towards me is easier than pushing them into material.
FREE
So each person who calls in gets a FREE POT Session. If you are already a member of POT we will add it to your subscription. You need not even be a Random Walk client. Refer your friends. That is how much I am excited about the new format. You can take the class anytime, but must sign up (by calling the office) by May 1st so we can plan and prepare.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
Old and Out of the Way
__ __ __ __ __ __
HUMPTYDUMMY
QA
Note: Questions we have had regarding the class.
Question:
Can you give me a little insight into the curriculum.
RW Answer
| Married Put | 1-5 | 401K Type Accounts |
| Collar | Wide Condors | Unbalanced 1-5 |
| Risk Reversal | Short Calls | When, Where, Why, How |
| Butterfly | Short Call Spreads | Indexes as a Hedge |
| Which is the Best Hedge | How much to hedge | Individual Names as a Hedge |
| When |
Question:
Will there be information regarding hedging things like 401(k) accounts where someone is unable to purchase anything else but mutual funds? For example, buying X amount of ABC puts in an outside brokerage account will ā¦..
RW
Absolutely….
This is one of the trickier things to get through to people, but as yesterday’s sell off on GOOD NEWS shows, it is important to know.
Question:
Will participants be able to submit questions? If so, will they be able to be submitted after the event or must they be asked during the live event?
RW
If you have a very valid question that would pertain to a lot of the class, send it now! 1/3 of all our material in a new product goes out after the fact as we never know ahead of time what would be the most important thing to you. Through decades of trading and teaching we have a good idea what works, but it would be impossible to know everything people are thinking ahead of time.
If you have questions during the session feel free to submit them in the text box. If at all possible the instructor will attempt to weave an answer into the discussion. If not addressed it is because the instructor feels it would take the conversation off on such a tangent that the class would be lost. IN this case simply submit the question in writing via HUMPTYDUMMY@RandomWalkTrading.com.
Question:
How long is the class. The Website says 3 hours, but from POT I know it is flexible.
RW Answer
Egg-cellent question (keeping with the Humpty Dumpty theme).
The mini-classes we stick with a theme that is designed to be about 3 hours (with a 5 minute break in the middle).
This class has a LOT of information in it. It is probably our most complicated class in terms of the quantity of directions we are taking here. This will make it challenging to get done in 3 hours if no questions come in, everything works perfectly, and I don’t think of anything else to add in the last couple of days.
Be Prepared for up to 4 hours as I think that will be a more realistic time frame. Sometimes what we think is a great explanation turns out to not be. It is then that the instructor will drop the slides and come up with something from a brokerage platform to attack things from a different perspective. That always adds time.
Lastly, depending on market conditions, levels of understanding, etc. the instructor can eat up more time doing things he had not planned.
Question:
I am a new trader barely understanding buying and selling options, and just getting use to verticals. Will I be lost?
RW Answer
No way. Sure, there may be some things that are confusing for a new trader, but most of this relatively easy to understand. Most of it is more along the lines of āWhy didn’t I think of that?ā
That is not to say you will not be lost on some things, but the session is recorded and you can keep reviewing it to help pull your knowledge up.
Question:
Will this be recorded like other sessions?
Answer
No. Hopefully it is recorded better!! (SMILE) We are getting better all the time as technology improves. But that doesn’t mean we don’t have snags once in a while. It is hard to teach a 50 year old trader technology. Lol. Actually it is recorded and you will also get slides that accompany the session as a study aid.
Attorney Stuff
DISCLAIMER (Seriously!)
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 DailyPlanet newspaper.
We did NOT get any TARP money, so we are not aligned with any politician. We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesnāt mean a thing. The future is even scarier. There is no guarantee the sun will come up tomorrow. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Tarot cards, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, ex-cons, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time.
When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.
All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.
Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.
Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).
Our products are written ONLY by floor traders, fund managers and retired floor traders. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). āThank yousā are only handed out in countries where legal and void where prohibited. If your country does not allow āthank yousā please refrain from accepting it. This disclaimer is copyright material and not a joke.
