Saturday, September 24, 2016
To my long term investments, the mantra is "why isn't every day 'Fed day'?". For the 43248th time, stocks rally on Fed day. So, yeah, markets are perfectly random (mischievous face). The markets closed the week up 5.91% for the year and we are almost done with the two worst historical months now (Aug, Sep).
Friday, September 23, 2016
Wednesday, September 21, 2016
And what happened?
Saturday, September 17, 2016
Tuesday, September 13, 2016
Saturday, September 10, 2016
Stairs up and elevator down. We can sum it up that way. Up slow, down fast. Like an old man's...ehem,..."stamina". Friday's price action ended exactly at the low of the day, and it was a huge bar. Lower prices will come. But before we get to excited, remember that recoveries have been vicious, violent V shapes in the last, well, two or three years. So, careful selling Calls too aggressively.
Wednesday, September 7, 2016
The goal of these articles is to recap and determine what went wrong, what went well, mistakes that were made, things that could have been done better.
Although the main focus is the long term viability of our strategies and not the month to month seesaws, hopefully these monthly updates will provide confidence and serve as an authentic guide of what can be achieved with a realistic and sustainable approach to the business of Selling Options.