Tag Archives: Financial ETF

Fibonacci Retracement Explained

What is it? Leonardo Fibonacci, a famous mathematician, discovered a relationship now known as “Fibonacci” numbers. It’s a sequence of numbers in which each successive number is the sum of the two previous numbers: 1,1,2,3,5,8,13,21,34,55,89…etc Why does it matter? Well these numbers has a very interesting interrelationships, such as the fact that any given number [...]

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What I Did Different This Time To Make 30% Gain In 2 Days

My POT put option expired worthless today. A loss of -$1250. Oh well. But you know what, I don’t care because I made some good plays in the last two days that helped me recover any recent losses and much more. I planned, waited patiently in cash and stuck to plan, executed, and now I’ve [...]

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Don’t Trade Before Option Expiration

Today I closed my long position on UCO.  If you recall, this was a complete accident but I ended up benefiting from it since UCO gained pretty significantly in the last two days.  I still have my POT (put option) which will probably expire worthless even though POT price is lower than when I bought [...]

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POTASH (POT) Closed Negative

Sold both Citi and SKF put option today. SKF reached my target of $160. My put price went from $25 to $50.  AWESOME gain for me. I sold Citi since it just wasn’t rallying enough for me despite the strength early morning today.  Determined that I don’t want to mess with this stock right now [...]

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