Just in! Trump sends a letter to Chinese Premier Xi seeking constructive ties. Ahhhh a breath of fresh air from the fireworks with the new US President. For sure I am one of many taking a very cautious view of the financial markets because of US politics.
I’ve been seeing more headlines come up about funds going to safe haven assets and the “Trump Rally” stalling. There is also the news coming out of Europe about another potential move out by France or “Frexit”. The last good news about the NASDAQ reaching record highs last week — I noticed that the gains were not broadbased, meaning only a few companies were pushing up the index. Also with company earnings being reported, the moves might be bigger but no one can guarantee it will keep going, and some people are saying with the “rally” having pushed prices, how far could it still go? So just keep close tabs ok… I am certainly watching gold.
Nonetheless, there are surprises to the upside, we have seen the banking sector get a boost with the move to deregulate the industry,,, and we are waiting for some news about infrastructure plan / spending and tax reform which are both on the table with Trump admin.
I ended my US session early since it was the 3rd day of my open position in BAC. I bought a Put Option at the $23 strike price, which I bought when the price had not gone up the Resistance of 23.35 level, I got in at 23.25 with 15c, this is a very low risk trade given the cautious sentiment prevailing, and yesterday, the stock moved down to 22.55 which is around the Support level. I closed the trade right away, having decided there is little to gain from having the trade open at its Support with 46c premium (.46-.15 = .31 or close to 200% gain after fees). True enough, the stock had dipped just a little further to 22.45 but it closed at 22.67.
So for those of you on the lookout for another income stream, consider trading on the US market using stocks and options. I spent roughly 2 hours (spread in 3) days to study the trade, monitor it lightly (with my system that I teach) and exit with profits. Of course, one has to learn to invest and so I am happy to offer my back-to-back workshops with specific and actionable ideas “Invest Right Foundation Workshop” and “US Investing Workshop”,,,, some of the topics include
— Systems that generates profits (which you can adopt or customize)
— Avoiding the “Loss Trap”
— Investment Mindsets and Discipline
— Market Movers
— Developing your Edge (US Investing)
— Income Investing using Options (US Investing)
These will be in Manila on March 4. Email firstname.lastname@example.org to reserve your slot and avail of the Early Bird Rates!
Check out the details in this link!