The year is almost half over and I sincerely hope that you P/L is on track where you want it to be. It was a hard first half, however if you survived it and came out in the green, pat yourself on the back. It wasn't the easiest couple of quarters. In fact just to name a few challenges we experienced, rise (and fall) of the meme stocks, BTC losing half of its value, and re-opening transition.
I am up 18% YTD, which is not all that bad. I consider it a success. Now, I am positioned for my major holdings in my portfolio to make a run for it in the second half of the year. Watch out toward the end of the July through October. Usually is a sell off. Check out Trend Spider's seasonality charts for your favorite stocks and securities and the average performance in the calendar months. This is our next hurdle in my opinion.
As you can see by the seasonality, QQQ (Nasdaq) has gone up only 40% in every September in the last 10 years. In other words, 60% of the time it finished down for the month.
It can be useful to have this data and create your own strategy of how to apply it.
MSFT looks overbought to me. All analysts are bullish and the summer months have been great over the past 10 years. I'd wait to buy on support. Setting alerts for calls for a couple months out once Microsoft does consolidate.
The 200 series has concluded this weekend and I'm already planning the next one. Of course the July 11th 100 series will go on as usual. To preview it, here are some details of what we will cover:
Stock Options & Investing 101 - Starting July 11th 9am EST - 3 Weeks- Around 45-60 minutes - $90/person
· July 11th at 9am EST - How to Allocate Cash in a Portfolio, LEAPS
· July 18th at 9am EST - Advantage of Using Option Spreads
· July 25th at 9am EST - Running the Wheel Strategy
This is a perfect place to start if you know what calls and puts are, used them before, but want a more specific and tested approach and strategy. These webinars are live and I tend to keep the group small over Zoom in order to answer everyone's questions.
If you have completed the 100, 200 and want to move on to more advanced courses, the 300 series will start from August.
Stock Options and Investing 301 will be a total of 3 classes and only $90/person.
· August 1st at 9am EST – Understanding and applying EPS, P/E, P/B, % Turnover and other financial terms.
· August 8th at 9am EST – Finding and studying institutional research.
· August 15th at 9am EST – Looking up and analyzing SEC reports.
If you want to reserve a spot for any of the upcoming Webinars, or have any suggestions of what you would like to see in the future, please email me through the Contact section of the website or directly at firstname.lastname@example.org.
$ROKU has been making a run for it last week. I prefer to wait and buy puts when it reaches higher levels of overbought. Could do monthly $400p.
$BIDU if it opens gapped up, this could be a good chance. I'll wait for a confirmation candle of a breakthrough on the 180MA.
$TRT has a lot of volume and is looking as if it wants to break out and climb the volume shelf stairs. I will personally set an alert on the lower support and try to get a more favorable entry. I'm thinking calls around $6 EOY.
"The stock market is a device for transferring money from the impatient to the patient." -- Warren Buffett.
“In reality, no one knows what the market will do; trying to predict it is a waste of time, and investing based upon that prediction is a speculative undertaking.” -- Seth Klarman
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