It has been a while since I posted anything here and I apologize for that. Looking back on my posts from a month and a half ago, I have simply given away some amazingly profitable trades. I should charge for this stuff. The overall beauty of the market is that we can all essentially trade exactly the same things and make money. That's why I have no problem with giving the profits away.
Looking back on some of the past trades, the UDN trade was a little early. I still think that one is going to be outrageously profitable. It will take a little while. But as they say in trading, "being early is the same as being wrong." So I will take that as being wrong.
The GLD 2010 Call options at $145 have been very profitable. They doubled, and I told you to take half off and you are playing with the house's money. And then the options have gone ahead and doubled again. Man... that is some easy cash. By the way, there is still a LOT more upside here. The funny part is that the momentum traders are just starting to pile in to the gold trade. I am still conservatively looking for the $1500 to $2000 range for gold.
One other quick trade for you is the Oil trade. The best way to play this is DXO. It is a double long ETF with a juicy risk reward profile. It does not need to be a large part of your portfolio but it can make up a large part of your gains. It now trades a little under $3.00 per share. When oil was at $147 per barrel, it was almost $30 per share. Even if you think oil is going to $75 or $80 from here, you are looking at about $12 for DXO. That is a pretty easy one.
More next time. Until then, stay low risk.
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