New Trading and posting idea

Hi my friends. We’re considering a new service where the Team can post trades as we go. And more importantly interact with you. I just posted this on Wealth Information Network’s Facebook’s page.

It’s not that this is understandable our not. You can learn the jargon and the strategies. With this on, consider $$860 making $140 by Friday. Here’s the post. Let me know if you have an interest. wade@wininc.biz,

UPDATE: August 9th, AM. This is on JCP.
The stock is $5.32. Our exiting spread is working. We need the stock to stay above $5.
While looking at the numbers, I checked in on the calls. Look at these numbers: JCP, $5.50 calls = 29¢ X 30¢; $6 calls = 14¢ x 15¢, and the $6.50 calls are 6¢ x 7¢.
The riskier trade, hence the more profitable is a $5.50/$6 BECS. Sell the $5.50s and buy the $6. Net credit would be 14¢, or $140. $860 to make $140, for three days.
Look at these numbers: Same, do a BECS, but move up a 50¢ strike price. Sell the $6s and buy the $6.50. There would be 14¢ in, and 7¢ out. Net credit of 7¢, or $70. $930 to make $70 for three days.
Both of these need the stock to stay below $6 by this Friday.
BECS = Bear Call Spread, a credit spread, where you get paid to trade.

BULLISH AND BEARISH

COMMENTARY: Definitions

I’ll give a few definitions here, in hopes that these will come alive as we head into the new week.

These definitions are in relationship to Spreads.

BULLISH: The typical definition deals with the market or a particular stock. It means a market or a stock that is moving up. There is more; if we think about how the word is used. Some say it’s a 20% up move. But this definition leaves us short if we don’t know the time, and the original price of the stock.

Would a 19% move up disqualify the stock?How long does the movement have to continue? And what happens just after we’ve used the movement to prove or make a point? All confusing.

With the confusion that might ensue, I’ll just stick with an upward more in the stock or the market. If someone wants more details, they can ask.

BEARISH: Take everything I said above and apply it to a down-movement in the stock or stock market. Bear means down.

What if someone says, “We’re heading into a bear market.” First that is their opinion and they can use charts of any time period to prove their point. I often wonder what their motivation is? Usually it’s to sell a stock or fund, or even a BOOK. I hate it when that happens.

One more point. I don’t have the studies in front of me, and I’ve seen several, so just take this info and put it into your brain. Whether it’s off by a month or two, ich mach nichts.

The average Bear Market lasts six to nine months. The average Bull Market last six to eleven years. From my own experiences, these numbers are not too far off. In short, bet on Bull Markets. Bet on optimism. Bet on the desire for companies to grow, to thrive and to expand.

Baseball, the Stock Market and You!

For years I’ve followed baseball, especially my Seattle Mariners. Not so long ago, they hit more homeruns in one season than any other team, by far. They had 50 more “it’s out of here,” than the next closest team?

And guess what? They didn’t even make the playoffs. It was sad. How can that be? Well, one thing is that when their sluggers hit the big one, there was no one on base. There were very few “Grand Salamis.”

I watched and watched. I love trying to figure things out. I related it to my taxi days—where I learned the “Money is in the Meter Drop.” Just to get in my taxi—yes I really was a cab driver—in Tacoma, WA, costs $1.80. Whether you go on a $3 run (which there were more of) or a $20 run, you still pay the meter drop.

I quickly figured out that taking all of the small runs would quick add up. It did. While the others drivers would sit in certain areas, like area 6, waiting for the longer run to Sea-Tac (for around $35), I would take all the little garbage runs that no one else wanted. The dispatchers knew I’d take all of them.

I did a CD called, HITTING SINGLES AND DOUBLES IN THE STOCK AMRKET. We sponsored several games, and handed out about 22,000 of these CDs to the fans.

I started making about 3 to 4 times what the other drivers were making. I didn’t tell them. It was my cash flow secret. When I started buying and fixing up real estate, I applied the “Meter Drop” philosophy. I made a mini-fortune, and wrote about it in my book REAL ESTATE MONEY MACHINE, and HOW TO PICK UP FORECLOSURES. These books are still viable. In fact, REMM contains the first mention ever about my Flipping Houses. There are so many copy-cats out there.

Then, when I did stock market investing, once again I was drawn to making cash flow. It wasn’t about buy and hold, but about using the stock market as a business. I discovered, designed and refined ROLLING STOCKS, STOCK SPLITS, BOTTOM FISHING, and especially WRITING COVERED CALLS. I’ve done about 29,000 trades.

It’s interesting to see my former students showing off their wares, using ,my strategies.

Anyway, I’d love to share them with you. Visit wadecook.org.

Also, I wrote a short missive about an upcoming webinar (Reg $245), now for FREE—just for you. Know that you will be sharing time with the Real Tap Root. Spend 30 or so minutes with me and your life will never be the same.

As in all things, there is risk and your results will vary.

Here is the news about the upcoming webinar/presentation.

WINNING WAYS event with Wade Cook—that’s me. It will be this Wednesday, July 26th at 9 PM Eastern, 6 PM Pacific. The topic: BASEBALL, THE STOCK MARKET AND YOU.

I know baseball has been used as a metaphor on life, but it’s more specific than that—as so many aspects of succeeding at baseball also apply to success in the stock market. A few ideas: 1. Hitting Singles and Doubles in Stock Market; 2. Practicing in the Minors; 3. Manufacturing Runs—Small Ball; 4. Playing on a Clean Field; 5. To whom are you listening—listen to your coaches; 6. Double play: Know what’s available, how the rules work; 7. The #300, the magic begins, even financially.

As John Wooden said: “I’m not looking for great players, but for players who make the team great.” Sorry for switching metaphors there, but this is an important concept—so we must drag thoughts from the world of basketball into the discussion.

This will be a lively and thought-provoking discussion, and we encourage you to attend. Oh, if you can’t make it at that time, at least click and register, then you’ll receive the link and you can watch it later. https://app.webinarjam.net/register/35080/d5d55fa1c1

I hope to see you there.

I Love to Ruminate

 

“They who have read about everything are thought to understand everything, too, but it is not always so; reading furnishes the mind only with materials of knowledge; it is thinking that makes what we read ours. We are the ruminating kind, and it is not enough to cram ourselves with the great load of collections—we must chew on them over again.” ~~William Channing

We Have What We Need

 

“Inherently, each one of us has the substance within to achieve
whatever our goals and dreams define. What is different
for each of us is the training, education, knowledge and insight to utilize what we already have.” — Mark Twain

TAKE CHANCES WITH THE TRUTH

            “The man who strives to educate himself—and no one else can educate him—must win a certain victory over his own nature. He must learn to smile at his dear idols, analyze his every prejudice, scrap if necessary his fondest and most consoling belief, question his presuppositions, and take his chances with the truth.”   

—Everett Dean Martin

DO GREAT WORK

“The only way to do great work is to love what you do.

If you haven’t found it yet, keep looking. Don’t settle.

As with all matters of the heart, you’ll know when you find it.”

—Steven Jobs

Absolute Truths

I humbly offer this here to my friends and family who have lost faith. Much of this is paraphrased.

From Sheri Dew’s book: WORTH THE WRESTLE.

There are two different ways to think about truth: President Spencer W. Kimball taught that “there are relative truths, and there are absolute truths which are the same yesterday, today and forever—never changing. These absolute truths are not altered by the opinions of men.” There are instances in which only the Spirit can help us differentiate between the two.

One such absolute truth is that God the Father and His doctrine are unchanging. “Even though individuals may fall, … all the powers of the earth and hell cannot effect total apostasy again.” (Ibid Kimball)

“The church is the ‘only true and living church’ that is fully recognized with the authority to perform for him, and the only one with a total and comprehensive and true program which will carry men to powers unbelievable and to realms incredible.

This is an absolute truth. It cannot be disproven. Most of the world disbelieves it, ministers [and Social Media Groups] attempt to disprove it, intellectuals think to rationalize it out of existence; but when all the people of the world are dead, and the highly trained are mouldering in their graves, the truth will go forward and the gospel will still be true.

Absolute truths do not change based upon commentators, polls, journalists, the opinions of man, or the number of people who agree that they are true.”

May you be truly blessed in your life’s pursuits.