1 result for month: 08/2017


Did you act when the market was down?

From 8/16 to 8/21 we had a move down in the market. Mostly it was due to sensationalist news reporting on a couple of issues. When the market is driven down by stories about things that "MIGHT" happen, it is almost always a buying opportunity. The August downturn was one of those periods. I bought a lot during that time, and now I am reaping the benefits of it. The study of market history is so important because it gives you an understanding of cause and effect, & based on history, the most probable market reaction and recovery. Today, I am selling calls on positions that were acquired a couple of weeks ago. I like to wait for nice up days to sell ...