Trade: BTC $XOP May 19 34 puts @ .31, managed at 50%.
Tid Bits: #education #longterm #IRA
For sometime I’ve been receiving a free newsletter “My Traders’s Journal” authored by Alex Fotopoulos, who writes with an easy-to-read conversational style, explaining the what, why and how he set up his trades, much like our Options Bistro members…no hype, no sales pitches. I’ve posted last Friday’s release below for a couple of reasons: the analysis of April 7 SPY chart and the book of trades he made for the year of 2012, which might help others learning options, I think I remember @optionshane enquiry. So check out the email, blog and book…
SPY Chart – April 7, 2017
Last month @fuzzballl posted a “quick-read” called “The 3% Signal: The Investing Technique That Will Change Your Life” by Jason Kelly. Well, how could I pass up the chance to read an investment book while sunning in PSP for a couple of weeks? Uh, after four weeks, I still haven’t finished the book, largely due to extended pool and happy hour time. So if you are thinking of a method for your long term/IRA accounts take a look at jasonkelly.com. And also checkout some of the analyses of the set up at the url below.