Game On

Today could of been worse, much worse. Big name tech stocks did actually see some green for a while this morning offering hopes of a comeback not seen since the Kansas City Chiefs beat the San Francisco 49’s 25-22 in overtime in last years “Big Game” But tech fell short, fumbled the ball and the bears won….

Traders however made some green today, I know I did. One play that I employed today was with Options on GE. We have mentioned GE a few times here lately. The play went like this: I bought the 180 Calls for AUG. I paid $117.00 for each Contract ( one contract controls 100 shares ) I bought 10 contracts. So I only put out $1,170.00 in capital. In less than 2 hours I was up $54.00 per contract. That is then $540.00 on the morning, or 46% ( bigg kidz use percentages ) My goal was 50% but the charts were showing a pullback coming and it did come. This is not “Big Game” money but rather a pre-season scrimmage. It is common place for when a stock makes a 2-3% move like GE did today for Options traders to get 50% without blinking. Now, think if it wasn’t a day trade and your stock was up say 12-15% on the month, you can do the math.

The chart I’m showing is GE from today. Each green bar that you see represents a 2 hour time period. We talk all of the time about looking at stocks with different time frames. Doing so trains your eyes to see things from different perspectives. The bottom yellow flat bar was my entry today, the top yellow flat bar was my exit.

Currently I am working on doing a live presentation on a Sunday night via ZOOM, it won’t be for at least a few weeks. In that presentation we’ll take a look at using different time frames for investing and trading both. Have investor / trader friends? Tell them about investingwithfaith.com, they might want to join in. Thank You

Invest wisely, live charitably and be well

Brother Bill