No lie July

Green, the market closed green today

$DJIA ( ▲ 0.09% )  
$SPY ( ▼ 0.35% )  
$QQQ ( ▲ 0.98% )  

The month of July is one of the 3 strongest trading months of the year
Over the past 5 years the indexes have had returns for July on average of
INDU +3.9%
SPY +4.1%
QQQ +4.4%

In no way, shape or form is that a guarantee to happen again
Though the markets are currently optimistic, tariffs are still on the table
Iran’s mad at us, but guess what?? They’ve always been
Heck a meteor could hit the north pole and send all of the polar bears south
Stranger things have happened

Years ago I knew a trader, lets call him “Bob”
Bob was a smart guy, knew some stuff
But one thing Bob did was if his stock was up, lets say $1,000.00 in profit
Then only $500.00 in profit, Bob wouldn’t take the $500.00 no matter how hard a stock was falling
He’d rather let if go NEGATIVE $1,000.00 and “wait and see” if it comes back to the $1,000.00 he had
More often than not, it didn’t go his way
Time, remember the talk about its not just your money, IT’S THE TIME that your money IS NOT MAKING MONEY…… THAT TIME MATTERS…… If you’re able to buy time, or get time back, please let me know how

$META ( ▼ 0.68% )  
I took some profits today…. My gains rose to up above 227% and then META started selling off, today I took half off, and will take the rest off with any more pullback, but ready to add on any bounces….. They started buying the 780s later today and that is bullish
But I’m in no mood to give any money back at the moment. Plus this is a short trading week, lower volume is to be expected after tomorrow

$ADP ( ▲ 1.36% )  
I like it
Bought it today.. The stock is up 1.3% on the day / week so far
My options already look like this:::

One for the really long term investors
$SO ( ▼ 0.03% )  
See how it’s hovering up at the top of its box so long? No pullback with good volume?
This isn’t one that you will get rich quick with, not at all
But if your looking for a slow, steady income earner this could be one to consider

SPY
These are how my SPY positions look at the moment

Now that July is here, lets see what we can do
And again, Happy 4th of July to all

The Options Coach