Sunday, January 24, 2021

My #1 Rule: Don't Buy Options

INO.com

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My #1 Rule: Don't Buy Options

Edward,

Options buyers lose money on 7 of every 10 trades. They place high-risk trades, hoping for a big payout.

But they lose - a LOT!

That's why I don't buy options. Instead, I flip them on their head and do this with them. When I do, I make money 85% of the time..

I turned $50,000 into $5 million trading options this way. To know my little option secret, you must click here.

To your investing success,

Jim Fink
Chief Investment Strategist

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Indexes Snapshot
Symbol Last Change %
Dow Jones Industrial Average 30996.98 -179.03 -0.65%
NASDAQ Composite 13543.06 +12.14 +0.11%
S&P 500 3841.47 -11.60 -0.34%
SPDR S&P 500 383.1400 -1.1000 -0.33%
iShares Russell 2000 ETF 215.09 +2.56 +1.60%
U.S. STOCK INDEXES

The March NASDAQ 100 was lower overnight due to rising COVID-19 cases and lock-down concerns across the globe and as optimism surrounding a leadership change at the White House is abating. The low-range trade sets the stage for a steady to lower opening when the day session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the NASDAQ 100 extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 12,921.75 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at 13,423.50. Second resistance is unknown. First support is the 20-day moving average crossing at 12,921.75. Second support is the 50-day moving average crossing at 12,541.83.

The March S&P 500 was lower overnight as it consolidates some of this week's rally due to rising Covid-19 across the globe. The low-range overnight trade sets the stage for a steady to lower opening when the day session begins trading later this morning. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this year's rally into uncharted territory, upside targets will be hard to project. Closes below the 20-day moving average crossing at 3766.31 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at 3859.75. Second resistance is unknown. First support is the 20-day moving average crossing at 3766.31. Second support is the 50-day moving average crossing at 3685.31.



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U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results

These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown.

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