I’ve been having a blast trading this last week. I produced $7,300 on KKD, $1,700 on FRX, $2,000 on QQQQ and am performing nicely in my open trade entering FRX towards the downside.

I’m putting a day of my commentary right here to suit your needs to see the value of making use of THE DEDICATED TRADER site as a buying and selling tool.

1 thing I learned, when I decided to trade in the stock market, is how important it would be to learn from somebody that is in fact walking the walk and buying and selling. Let me clarify that even much more, creating funds inside the market!

I have been shocked to discover out how several individuals available which are large name authors in the stock industry that don’t trade or have a negative buying and selling record. What I mean may be the rumor is they’re no good at trading!

I do what I teach! I am a single of really couple of stock market authors who not only talks the speak, but I walk the walk. I location my trades on my every day commentary for you to learn from. And this has been very valuable for my readers.

In addition to my commentary, We have a mentorship program referred to as TRADERS Talk, where you can pay to spend four hours a week in a private Webshop with me. We go over any trades or whatever you desire to discover, such as my trades. It can be really powerful, and We have been able to watch people go from a beginner level to about 3 years experience in just several sessions.

Right here is my commentary for Friday, June 6th:

Market Notes – Friday, June 06, 2003:

COMPLETION OF QQQQ TRADE: 3PM EST

I closed my QQQQ trade from several hours ago using a GTC I set about 1/2 hour ago to just take 50 cents. I was filled for $2.95 on my 40 contracts listed below for any profit of $2,000 just before commissions. Not bad for a Friday.

My other trades are going well – RED, RED, RED..I love the downside.

TRADES: 12:00 EST

1. I bought 15 contracts of FRX puts. August $60 puts $5.90 FHATL. I will stop out if it breaks the high of these days at $55.90 if it will not head back down correct away. I’ll then trail it down to around $52 to profit.

two. I just obtained 40 contracts from the July $33 QQQQ puts for $2.45 QAVSG. I am going to stop out with an alarm if it breaks the higher of nowadays at $31.47 and will not turn back down correct away. It gapped up nowadays on Intel’s excellent earnings report but is acquiring weak as I type. I generally do front or next month out around the QQQQ. I will trail it down for profits.

Excellent MORNING & Happy FRIDAY!

The markets are looking very green at the market open, and my trades for nowadays are all down ones (that’s if the markets were down) Perhaps in a few minutes we will get a reversal????? I doubt it!

Anyway right here were my candidates if the industry was down:

DOW: AA AXP DD XOM

NASDAQ: CMVT INTU JNPR MOLX NXTL SANM SPOT

I had no up trades. We seem to be inside the middle of a trend for most stocks, and we are in a very sweet uptrend.

Which is about all for today. If I do place a trade I will put the comments above this section later these days.

So even though this message is short, it is a effective a single..BE CAREFUL WHO YOU LISTEN AND Understand FROM!

The stock market is extremely powerful. If you discover how to trade, and don’t short change yourself by trying to trade without necessary tools, you can have TIME & Funds FREEDOM beyond your wildest dreams. I would love to help you!

Last, I just want to mention my trade about the QQQQ’s. It is a single of my favorite things to trade. It’s an EXCHANGE TRADED FUND that in fact owns all from the NASDAQ 100 stocks in it. MSFT is the heaviest weight so I do watch what MSFT is doing for any direction. It obviously follows the NASDAQ marketplace.

But as you can see by my trade listed above, I was capable to buy 40 contracts at $2.45 a share for any cost of $9,800 and my delta was .71. The stock only moved about 77 cents to take a profit of 50 cents – creating me $2,000 in about two hours. SWEET!

What I love about the QQQQ’s is that they have strike prices every one dollar! That means the July 33 calls I got when the stock was at $31.30 were only $2.45 with a delta of .71. That is incredible. You see, I could spend $5 – $8 per share on regular stocks to try and get that large of a delta, but it’s so cheap around the QQQQ!

A lot of people miss the boat, thinking the QQQQ does not move enough to make it worth buying and selling! What a mistake! I love trading this, and it only needs small moves to profit – but your investment is so small compared to buying and selling stocks.

If you had only done 10 contracts that would are already a $500 gain from $2,450 just before commission which is 20%! In several hours 20% is phenomenal!!

All you need to do is pretend the QQQQ are a stock. Look at support and resistance the same way you do already, and choose a strike price with a delta of .70 or higher for a short term trade and trade it up on support and down on resistance.

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I am going to be doing a course on this soon. I’ll probably offer a free one hour class on my site to introduce you to it. I think you are able to see why I am so excited about it, and I hope you might catch the fever.

I teach a two day class twice a month, check it out on my site! I’ll be in Atlanta on June 19 -20th…come see why students say I was their miracle they needed to become a better trader!

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