Thursday March 13, 2014
RandomWalkTrading.com
1–(855)–RWT-0008
The Year of Selling Premium Has Started in POT
More selling on the open.
Next Online Class
Condors, Iron Condors, Iron Cockroaches and Unbalanced Condors all included!
2 More Days
The Dow closed down 11.17 at 16,340.08
AAPL closed up $0.52 at 536.61
The stock up up and down all day.
The VIX closed down 0.33 at 14.47%
Closed up 0.74 at 107.06
POT people:
Depending on what happens on the open be cognoscente of what was discussed last night. Remember that if we have on a long Iron Condor that can not lose money (as we have on in POT), and put on a risk reversal like the original one, we can’t lose money, but we can double the size of the trade. How cool is that?
That is what I was attempting to articulate verbally in Maui 2 months ago, but I don’t think it came out right. That is what is so cool about what you learned in FINISHING TOUCHES. And this is why I likely will be adding to the position today.
GLD = closed up 1.90 at 131.76
SLV = closed up 0.43 at 20.47
SPOT gold closed at 1,367.20. Spot Silver closed at $21.32.
Tesla closed down up $7.06 at 241.49
Yesterday
The market is not moving in any particular direction for the last week or two. Some looking at the chart below will see a “head and shoulders” type of pattern. Heck, some might see a picture of an woman and a witch.
I see no movement in any particular direction,especially considering the media has been touting how this is the year of volatility (simply because we had a volatile two weeks at the end of January).
Today
Yesterday (in the TODAY area) I stated the following:
I suppose that what would make the most sense for the ending portion of a large bull market would be for today to be lackluster, or even down a little (we were down 11 Dow points) . This will be like a spring recoiling tighter. Then Thursday or Friday’s numbers would create an elation and strong rally.
We will see if today’s numbers make me look like a prophet or lack of profit.
POT-
I sent out (so far) a 5 page update. This is a review of what we discussed last night. I am also going to send out pre-open adjustments I am going to make to the previous update, based on what the market is looking to do on the open.
New POT people. Keep in mind that new people are always lost for a while. You are coming to a movie that has been going on for a while, so it will take a few days to catch up to the plot and characters.
Too True To Be Funny
(Never a joke, but always funny)
Last Night in POT I mentioned that “there are rumors starting that Obama may be impeached for violating to many constitutional laws” – laws he swore to uphold when being sworn in.
He is more evidence that there is something to this. If it passes the Senate…BOOM. Look out below. 
Attorney Stuff
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