Lifestyle Trading 101 | Surfing the stock market w

This week was the easiest way to make money — that is, if you didn’t do anything! Sometimes sitting on a long position and having the patience to wait out the dips is harder than it seems — but when the market set up is there – sometimes the best move is no move — to let the market do its thing and waiting for opportunities to take profits. This week was one of those weeks. My thoughts this week were straight out of Jesse Livermore’s Reminiscences of a Stock Operator: “It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine–that is, they made no real money out of it. Men who can both be right and sit tight are uncommon.” S&P500 Futures #ESU8 On Friday, the liquidity moved from the ESM8 (June) S&P futures contract to the ESU8 (September) S&P futures contract. So going forward, charts will be based on the September S&P contract. We had a monstrous run of around $2,000 from a $1,700 position size — an over 100% return. We cashed out 40% of this amount on the pop to what is now the 2775 ES level. So 40% of what was $1,700 in profits at the time resulted in realizing around $680 in profits. We are still holding on to the remaining 3 of 5 SPY call contracts – which have an unrealized profit of $1,300. So if we add this $1,300 unrealized with the $680 in realized, then we have a trade that increased account size around $2,000 — or from $25,000 to $27,000 — by risking only $1,700 — that’s risking less than 10% of the account value. This just shows the power of options — when entered at the right time and selected properly to provide appropriate % return while still managing ongoing, and increasing built-in time decay. This one trade is responsible for the May to June move up from $25k to $27k. S&P500 4H Chart Trade Recap BUY Alert: Buy to open 5 SPY June 15 ’18 270.5 call at market – Wednesday, May 30, 2018 SELL Alert: Sell to close 40% SPY June 15’18 270.5 call at market – Wednesday, June 6, 2018 “position up $1,700 profit, roughly 100% return — exiting 2 of the 5 contracts to lock in” Still holding 3 of the 5 SPY calls. Pattern we predicted:  Entry Date: May 30, 2018 Expiration Date: June 15 Days Held: 7 (so far) S&P500 Daily Chart   Nasdaq (NQU8) Daily Chart Nasdaq broke to new highs and was particularly strong earlier in the week, though it corrected quite a bit on Thursday and Friday. Money flowed out of the big tech names and into the Dow during that time. Dow Jones (YMU8) Daily Chart Likewise, the Dow also formed the Classic Elliott Wave pattern and was a bit sluggish to start the 3rd wave up. When other indices were moving up, Dow wasn’t moving up. But as the Nasdaq pulled back, the rotation was moving into the Dow names — and we finally got the break out push on Wednesday and for Thursday and Friday, the Dow outperformed the other indices. When the pattern aligns – you’ve got to ride the wave. Exiting too early and overtrading will just kill you. Ride the wave.

A quick update on the crypto markets. After bottoming around $6400 a few weeks ago – bitcoin peeked over its own trend line around $8000 – which we called attention to members as a significant area. Today, just a week later, bitcoin is hovering just over $9000 after reaching resistance around $9,500. Meanwhile, EOS – has 5x’ed since its low of $4 – we recommended it at $10 and looked a bit stupid when it was down 60%, but now it’s up 100% – trading over $20. This it the wild wild west of cryptocurrencies – so you’ve got to be able to stomach pain and have a strategy in place – the strategy we recommend is the same as in our Warren Buffett video – dollar cost averaging. Bitcoin. What is it? The next big thing revolutionizing the world of money as we know it? Or just the biggest scam and bubble in history? Bitcoin is everywhere, literally. We hear about it on the news. Your friends, their parents, their cousins and uncles all hear about it, yet it can be hard to explain. What exactly is it? Why should you care? Yes, bitcoin has been used by drug dealers and money launderers in illegal scandals that have taken place in dark corners of the internet through shady marketplaces including something called the Silk Road. Yes, bitcoin has also been hacked – not the coin, but the exchange it was on – in the infamous Mount Gox collapse. Yes, bitcoin has been called a fraud by respected CEO Jamie Dimon of JP Morgan. And yes, even legendary investor Warren Buffett said bitcoin will come to a bad ending. Yet at the same time, bitcoin has revolutionized the concept of money and more importantly, the concept of trust as we know it. It is perhaps the most important financial development of this century, whether it works or not. Love it or hate it, you’ve got to at least understand it and its implications for what is to come. Before we define bitcoin, let’s put it in context – from the beginning. Crypto Resources If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up. For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos. Robinhood has $0 trade commission for stock and will soon have it for cryptos. Sign Up! Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations. Trade Alerts Get Trade Alerts Now Follow on Instagram   Need assistance with getting approved for options by your broker?

The Cointelegraph as well as Bloomberg Pantera Capital articles mention the top hedge fund calling a bit bottom in the price of bitcoin. “For those who are new to Pantera who might think a fund manager like Pantera would always be saying ‘Today’s a great day to get long,”’ wrote Pantera’s Dan Morehead and Joey Krug. “I rarely have such strong conviction on timing. A wall of institutional money will drive the markets much higher.” Prices of all cryptocurrencies have crashed quite a significant amount – most well over 50 % and some over 80% (Cardano / ADA) – is now the time to buy? Here’s my take:  

The biggest security crypto hack just happened with Coincheck (Japan) – and it’s bigger than the infamous Mount Gox collapse. You can see this article: Coincheck Confirms Crypto Hack Loss Larger than Mt Gox The total dollar amount hacked of the NEM cryptocurrency (no other cryptos were affected) was roughly $400 million – some sources say $533 million – compared to Mt Gox’s estimated $340 million. Coincheck confirmed Friday that the hack, now likely the largest ever in the space, occurred on its servers early afternoon local time in Tokyo. Shortly after it discovered the theft, the exchange suspended trading of NEM, the stolen crypto in question, then of the other dozen coins it lists. Coincheck is looking into compensating its customers, its executives also announced – which is different from Mount Gox where there was a total loss for investors. The amount is unknown at this time. So given this hack, we have to talk about security. Anything that is connected to the internet can be potentially hacked. These are all hot wallets – because they are hot on the internet. You should consider holding a cold storage unit – like the one we recoommend with Ledger Nano S. When you plug it into a standard mini USB to full-size USB cable to a computer – the device will turn on and you can begin configuring it by pressing the two buttons at the top together.     Step 1) Use Google Chrome-  adnd search for the Ledger Wallet There’s different apps – a Ledger Wallet Bitcoin for bitcoin and a Ledger Wallet Ethereum for ethereum. If you have both bitcoin and ethereum, you’ll want to download both. Step 2) Add the Chrome Extension for the Ledger Wallet Bitcoin/Ethereum As the picture shows – you click the Add button. Step 3) See Ledger Wallet App Added You will see the two apps you downloaded – one for bitcoin and one for ethereum alongside your main Google Chrome apps. If you don’t see it – go to the top right Settings – and go to My Extensions and Apps and you should see it there. Next, you login with your pin code on your Ledger USB device and enter inside the Ethereum app – matching the Ethereum app you have opened in your Google Chrome browser. Then a new window should pop up allowing you to send and receive your ethereum. This is a cold storage unit that you can carry around with you anywhere and is generally considered the safest way to store your crypto. So if you don’t already have one, check out the Ledger Nano S.   Bitcoin Bitcoin may be peeping just outside of the downward sloping line. Ideally, I would like to see a move towards 14000 but it looks a bit sluggish to me. Ethereum The Ethereum chart is more bullish than Bitcoin. It, too, is just popping over its downward sloping channel – though it cleared its first downward sloping channel several days earlier and is now clearing its second slope line – so things look rosier for ethereum. Today’s S&P500 Hourly Chart This market is seriously due for a correction but based on the potential a-b-c formation, we issued a buy alert earlier this week at around 2844 ES – and exited too early at 2861 ES – because  the last hour on Friday pushed the market allt he way up towards 2875. People say cryptos are in a bubble – seriously??  Have you seen the S&P chart?     Today’s Nasdaq Hourly Chart The Nasdaq looks like it may go for another pop on Monday morning before maybe correcting? Crypto Resources If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up. For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos. Sign Up! Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations. Trade Alerts Get Trade Alerts Now Follow on Instagram   Need assistance with getting approved for options by your broker?

Quite a bit has happened in crypto land since the last post just before the holidays. Ripple – Ripple stole the spotlight – due to its 10x gain in less than one month, making it the biggest crypto coin after bitcoin (previously Ethereum was #2). Ripple facilitates bank transfer of money over borders. The rise up has to do with a combination of banks adopting usage of Ripple’s XRP token (which is the least used part of its protocol offering) – as well as speculation that more banks will adopt it. Rumors of it being listed on coinbase – which coinbase has since denied – also led to the run up. Now, Ripple cofounders (Ripple’s current and former CEOs Chris Larsen and Brad Garlinghouse) are richer than Sergey and Larry from Google as well as the founder of Oracle – talk about madness. Jed McCaleb – another co-founder who left the company to start Stellar – is also a billionaire. Ripple launched in 2012 to facilitate global financial transactions. It differentiates itself from other digital currency platforms by its connections to legitimate banks. Companies that use the Ripple platform include Santander (SANPRA), Bank of America (BAC) and UBS (UBS). Cross-border payments that can take hours with bitcoin or days with traditional financial transactions can go through in a matter of seconds with ripple, the company says. CoinMarket Cap Rankings If You Invested $100 If an investor had placed $100 in each of the top 10 cryptocurrencies in 2017, the total yearly profit would have been $64,707 (on an initial investment of $1K). Ripple has surpassed Ethereum in market cap to become the #2 coin in terms of market cap. My apologies for not alerting on this one, I put in a speculative position at $.25, added at $.50, added at $.70, added at $1.3 – and it’s near $3 now. Amazing from $.25 to $3+ – basically a 10x’er in 1 month. And this is not some micro-cap crypto – it’s now the second largest. We’ll have charts of the major cryptos below. During that Crash, we recommend buys at Litecoin 247, Bitcoin 13,000, and Ethereum at 620. Bitcoin is now over 16,000; ethereum over 900; and the only one stuck is Liteocoin which is still at 247. In fact with Ethereum – we reiterated a buy at 790 (see on the right) – and within one hour of alerting members, Ethereum shot up to 875. Now it’s at 950. On the S&P side, we picked the correct direction as the markets opened for the New Year, but exited our SPY call way early. We entered bullish calls at 2690 and exited at 2702. Now it’s 2742 — completely ridiculous. Really can’t make sense of the size of the move up, but it is what it is. Bitcoin Bitcoin pulled back from almost 20,000 to around 10,400. We alerted to members in chat a buy at 13,000. Today it finally started showing some bullish signs and is at around 16800, Litecoin Litecoin has been a lot weaker than I expected. It also doesn’t help that the founder Charlie Lee sold all of his coins right at the top – that could be suppressing litecoin for a while and explain why litecoin has been underperforming most other coins. If Litecoin can clear 260 in the next day or so, then it should have momentum to be the 285 region a test. Ethereum Our buy at alert for ethereum at 650 is now looking pretty good with Ethereum at 865. For those who missed it at 650, we alerted it once again at 790 — now looks like it’s giving 1000 a test. After selling at 820, we rebought at 650. Last time, we put the below chart on ETH – citing a traditional Elliott Wave pattern where the crash of cryptos was the giant -wave down from 850 down to 480. Our buy was at 650 – since it only spent very little time in the 500 range. The strength and resilience of Ethereum (relatively to other coins during the crash) – was a hint that Ethereum would later jump to where it is now – well over 900. Ripple (XRP) Ripplehas been the one stealing the show lately. After reaching 3.3 yesterday, Ripple has been pulling back to as low as 2.18 today. I think Ripple has tested support in the 2.2 region successfully today – not spending too much time there. From here, it should be able to consolidate here above that 2.2 support region  before deciding what to do next. Yes, that’s a 10x-er from $.25 a month ago to over $2.5. Today’s S&P500 Hourly Chart For the SP500, we bought SPY calls at the right time at 2690 – but we stupidly exited too early at 2702 – because look at what happened afterwards. At this point, I hope we can see 2716 tested at some point – I just don’t know when. If it gets here, that should be a buy point with at least a bump up towards 2724.   Crypto Resources If you are new to crypto – the most popular place to get started is Coinbase – use this link to get $10 in bitcoin when you sign up. For smaller cryptos, I’ve been using Binance – though I’ve been having issues verifying my identity with them. So far it seems to be one of the better platforms for getting exposure to various cryptos. If you’re looking for a cold storage unit, this is the product I recommend – it ships from Europe. It’s a physical USB stick that lets you use a combination of words to access your private keys. This is useful in the event that an exchange like Coinbase or Binance gets hacked for whatever reason. It’s also your first step to becoming your own personal bank. Sign Up! Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations. Trade Alerts Get Trade Alerts Now Follow on Instagram   Need assistance with getting approved for options by your broker?

In chat to premium members – we alerted sells in Ethereum >$820 after our buys at $360. After a few days, the entire crypto space dropped around 35%-45%. When bitcoin dropped close to 50% – lots of people panicked. Instead, on that Friday – we mentioned that bitcoin, ethereum, and litecoin were all in buy zones to premium members in chat. Now – a few days afterwards, CNBC gave this alert that Bitcoin rallied more than 50% from the Friday lows.  Remember our Litecoin video?- it rocketed from $100 to $400 – and we put – live in the video – buy orders at $247 – which we notified members when it was sitting right there shortly after the big drop in cryptos. Bitcoin   Ethereum S&P Meanwhile the S&P is flat, looks like as long as the pink support levels hold, the pressure looks to pushing up.      

Litecoin was trading at $100 5 days ago. Today it hit over $400! Just 5 days ago, Litecoin was $100 – this morning it touched over $400 Try Bitonnect and get bonus bitcoins: https://bitconnect.co/?ref=fushion83 $10 bonus coinbase signup link: https://www.coinbase.com/join/52d09ba5665390110c000076 I recommend this hardware wallet to store your crypto safely:

Does North Korea and Hurricane Irma news affect the markets? Based on recent price action, the answer appears to be no. Even though the media shows a lot of imagery – and the markets could be down at some point – lately it’s always bounced to higher levels shortly afterwards — in the matter of hours. So far this has happened twice in the last week or so – and each time it was a buying opportunity. Hurricane Irma is about to hit South Florida after tearing apart a bunch of caribbean islands. Yet, volatility is near all-time lows with each spike of volatility just coming down — even as we are already in September — a historically volatile month with Congress back in session and with threats that the government could shut down due to Trump-related issues. Yet, the market continues to march higher. More Details: http://www.lifestyletrading101.com/2017/09/09/wkd-9917-markets-up-on-north-korea-2464-es/

Coinbase, one of the most popular ways of buying cryptocurrencies such as bitcoin, ethereum, litecoin, and potentially more — charges mostly a percentage fee. According to their site: (a) Minimum fee — a flat fee that applies to conversion transactions under $200, and which is disclosed before you execute the transaction. (b) Percentage fee — varies by region and payment type, as follows: USA Base rate of 4% for all transactions** Payment Method for Purchase Effective Rate of Conversion Fee (after waiver) U.S. Bank Account 1.49%, with a $0.15 minimum Coinbase USD Wallet 1.49% Credit/Debit Card 3.99% So is there a way to avoid these fees? The good new is yes, we can avoid these fees. We do so by transferring our coins into the GDAX platform at www.gdax.com In the above video, we connect our coinbase account into GDAX so we can transfer our existing coins from coinbase into GDAX. From there, we avoid market orders and instead use limit buy orders and limit sell orders. This does not guarantee immediate execution, but if you place your orders close enough to where the market is trading, there’s a good chance it will get filled — without an exorbitant 1.5% or 3.5% fee.

The market appears to be setting up in an ideal pattern on a daily chart basis that matches our theoretical diagram (see below). While it looks really messy on a chart with hourly candles, from a daily chart perspective – it is much clearer. Basically after a big A wave down and a big wave 1 down – this past week has been a wave 2 bounce. But the wave 2 bounce has a characteristic “twin peaks” — which we can see as being at the 2452 ES region – which is what my target was as mentioned in last week’s video. In fact, in that video at the 4:30 mark, I mention that we should get a bounce and my targets are 2446 ES and possibly 2452 ES.  The high was 2454 ES, which we hit on Aug 22 and again today 3 days later Aug 25 – we reached up to 2453 ES on the Yellen speech in Jackson Hole, Wyoming. So so far – the market is behaving exactly according to the C-wave pattern in the below diagram.   Elliott Wave C-Wave There’s no guarantee that the market will follow through according to the pattern, but the setup is potentially there. Perhaps over the weekend there will be some geopolitical headlines to “trigger” this move? This pattern is not clear at all when we zoom in — so I have less confidence when zoomed in, but when zoomed out on daily, it looks great. Today’s S&P500 Hourly Chart During the day, after attempting 2453 ES and failing — the market went towards 2440 ES – but then it attempted 2450 ES again — at this point, I was not sure if the pattern was on track, but lo and behold at the last half hour – the market finally reversed and closed near 2442 ES. As such, there’s a chance for the pink count to target below 2430 ES. However, we could still be in a more complex b-wave — so if we hold support in the 2430s and turn back up strongly to new highs – that would be something to watch out for. But my preference is for the diagram to play out. Today’s Russell Hourly Chart The Russell has held up unusually well — but I see resistance at the 1380 region – which is where we pulled back from in that last hour. The Russell was previously destroyed — this past week was it outperformed on a relative basis to the other indices.  Today’s Nasdaq Hourly Chart The Nasdaq has reached into the 5870 region 3 times so far — and pulled back each time. Today’s Silver  Hourly Chart Silver has crossed over the pink line and also come back to test that down trend — and now it has consolidated near that 17 – it should eventually start moving up. Trade Alert Performance (Model Portfolio) see brokerage statement Sign Up! Sign up to become a member to access to premium videos and you will get the insights you need to make more educated trade decisions. And yes, you’ll get to join our Whatsapp mobile text alerts for weekly trade recommendations. Trade Alerts Get Trade Alerts Now Follow on Instagram   Need assistance with getting approved for options by your broker?

There’s 2 parts to every trade. In order to make a good trade — BOTH parts need to be  This past week, we issued what appears to be an almost perfectly timed short entry via SPY puts on the index. But in actuality, it only turned out to be an OK trade. Why? Because the 2nd part wasn’t timed well.  Every trade has 2 parts – when to buy and when to sell. When to get in and when to get out. Even if you get in at the perfect time – if you don’t get out – you could be leaving a lot of money on the table. We entered a trade perfectly this week but exited a bit too early cashing in $500 – on a $1000 investment – but if we had held on to my target – that $1000 would have become $4,000 – so definitely kicking myself.  Lesson learned – it’s not good enough to get one half of a trade correct. Both need to be correct.

Be greedy when others are fearful. The best opportunity to make money is when there’s blood in the streets! Well, on a smaller scale – that’s what happened going into the Good Friday 3-Day Weekend in April 2017 — the markets sold off. That weekend, we posted a prediction on our blog and to our members that the markets would reverse. The title of that post was: “Panic into Good Friday Wkend: Case for Reversal” At that time, the S&P500 E-mini Futures were trading at 2327 ES. Two weeks later, the market at 2380ES after touching 2393 ES. That’s well more than a 50+ rally. Based on that prediction, we profited around $1,300+. This video discusses how we came to that prediction and how we and our members profited from this trade alert.

What is the VXX and why do we care? VXX annual performance 2009-2016 Well, we care about the VXX because we can make money with it – in a higher probability fashion than we can with some other tickers – and that’s based 7 years of data. While limited, we can glean some interesting insights into how we can make VXX work for us. VXX is an exchange traded note that trades just like a stock would (or an ETF) during market hours. By holding VXX — it sort of continually does trades for you. What kinds of trades? It buys the 2nd month VIX futures contract and sells the front month VIX futures contract. In a contango up-ward slopoing term structure environment, this generally translates to buying high and selling low — which is the opposite of what you’re supposed to do to make money. That’s why VXX always loses value – historically. Just look at a  long term chart. To make money, shorting VXX is generally a good idea – especially during times of elevated volatility.  

Long Call Options Strategy – This is the most basic options strategy that lets you leverage your capital. The tricky part is timing because timing does matter when trading options. Below is a video walkthrough of this most fundamental options strategy – along with pros and cons. Out of the Money Call Options – This is a modified version of the long call options strategy. Instead of generically picking an at-the-money strike price where the strike price is close to or near where the stock is currently trading – an out of the money call option involves selecting a strike price that is above where the market is trading at. These options are more high risk high reward – type trades and here’s why:

Warren Buffett’s best investment advice is to buy the index fund – he recommends the S&P500 for solid diversification. But there are multiple ways you can buy the S&P500 index fund. Invest directly with Vanguard Buy Vanguard’s S&P500 ETF (VOO) Buy the Spiders ETF (SPY) We examine the pros and cons of each one in terms of expense ratio, trading commissions, and more. We also examine a strategy that uses a no-fee broker (Robinhood) – and how this approach can let you get invested into the index fund without trading commissions. However, the one downside is that when it comes to dollar cost averaging, it’s not so simple as you can’t buy decimal numer of shares. Still, our preferred method of getting invested in the S&P500 is either to buy SPY or VOO from your broker of choice.

A recap of the financial markets leading into the November 8/9 election results including the option strategies we implemented before the election as well as after the election that resulted in 50%+ gains. It is Thanksgiving Weekend 2016 – and a lot has happened leading into the election, the night of the election, as well as the first few weeks after the election results. We take a look at all three and review the option strategies we implemented to make money in this volatile environment. Sign Up! Sign up to become a member to access to premium videos and you get the insights you need to make more educated trade decisions. And yes, you’ll get join our Whatsapp mobile text alerts for weekly trade recommendations. Get Trade Alerts Now

In this episode, we discuss the risks of credit spreads and go into detail on how to adjust a credit spread when the market moves against you by a lot. People often associate credit spreads with high probability success — which is true, but they also fail to mention that in the meantime, there could be significant volatility in your account, particularly if the market moves against you immediately after putting on the trade. For each day that goes into expiration, you get a little help with time decay – and a market reversal can do wonders do position that has been in the red, but still – stomaching through the possibility of losing many multiples of what your max profit could be is not easily done. This past week would have resulted in max profit – but due to the large drop in the market against our position (which we initially intended to leg in an iron condor – but never had the chance t0) — we adjusted the short strike down from 215.5 to 213. In the process – we did not increase the quantity of the 213 strike enough. As a result, we were only slightly positive, rather than fully positive for this week – even with the market expiring above our short strike. Wednesday Weekly SPY Options Additionally, we now have Wednesday weekly options in SPY in addition to Friday weekly options. SPX is even better – with Monday, Wednesday, as well as Friday options. This makes it easier to collect time decay on weekends — since the weekend is that much closer to expiration with Wednesday options than it was with Friday options. That said, directional risk is still the number one concern with executing an option spread — unless you are able to leg in an iron condor at the right times. Eventually, we will get daily options — it’s just a matter of time.

(play button above)  Silver Surfer: Welcome to LifeStyleTrading101 where we trade the markets, and you live the lifestyle. We aim to make $1,000 every week.. We don’t always win, but we certainly win more often than we lose. Guest Introduction: Don Silver Surfer: Today we have a special guest – one of our customers joining us to share his experience so far trading with us. Don is taking time out of his busy schedule as someone who trades while having a full-time job to share his experience so far.  And I thought it’d be really interesting to get his perspective since I know many of you have full time jobs as well. Don, pleasure to have you here. Don: Yeah, thanks for having me. Silver Surfer: Let’s start off with quick introduction about yourself. Kind of your experience, how many years have you been trading, what your kind of arrangement is in terms of your daily schedule. Don:  I’m late 30s. I’ve been a saver and investor most of my life.  Maxing out 401k, buying dividend stocks via drip – pretty traditional.  Not a lot of trading in my past, not until about 5-6 years ago, I started paying more attention to overall net worth and realizing that I had a decent amount of capital not working very hard for me.  I started getting interested in more strategic investing/trading.  I my research I quickly gravitated toward technical analysis.  I studied Investor’s Business Daily, various options trading – covered calls, iron condors, etc.  Over that time of 5-6 years I got into day trading futures and found I was too busy at work to kind of keep up with that. And then not too long ago, a friend introduced me to LifestyleTrading101 and I rolled my eyes and said they’re all a scam but I’ll take a look at it. And uh, I’ve been really really extremely pleased with the results. I’ve been a part of your service since early June. And it’s been going quite well for me. Silver Surfer: So early June, so basically a few months. You mentioned that you felt like a lot of services out there are kind of like scams. Is that what your perspective is based on your experience, maybe you signed up for other services… Don: Absolutely. I wouldn’t say I’m a crazy person who spent $120K on services, I’ve met some folks who spent so much money on trading services that do nothing for them. But I’ve been with 3-4 different types of services all varying in the range of around $1k a year. But none of them have really helped me get to consistent profits. I think I could if I were a day trader based on the stuff I learned from one of them. But in general, I struggle to keep up with the daily tasks of work and job and a family and trading effectively. I haven’t really found anything that works for me personally. And I’ve tried many different services. But since I’ve signed up it’s been working extremely well. I’m almost floored. It kind of feels dirty but I like it. It’s working really well for me. Silver Surfer: Yeah, great to hear. You also mentioned you’re familiar with options trading, covered calls, iron condors. Some of our members don’t have experience trading options. So curious, what was your process for learning about options, or is that something you just dabbled by experience or did you read books on it?   Don: I’m an adventurist learner myself by nature. I like to dig in and learn things all the time, so youtube videos. Reading books. There’s a book on iron condors I read, a book on basic options – kind of one of the basic getting started dummy’s book. And a lot of youtube videos. I was using ThinkorSwim as a platform prior to now, I’m using interactive brokers and ThinkorSwim, but getting on there and looking at the prices, writing them in excel, tracking what happened. Everybody learns differently, but I’ve definitely spent a lot of time learning options and because of that I’m very comfortable with understanding the risks and profits of what we’re doing with LST but also I’ve got a few friends who have started, behind the greens on a lot of that, and they’ve been able to pickup relatively quickly with myself helping them and also you make it pretty clear what to do with Interactive Brokers. Silver Surfer: What about … (continue at 04:15 mark out of 23:54 ) Sign Up! Sign up to become a member of our SilverSurferTrades trade alert service to access to premium videos and you get the insights you need to make more educated trade decisions. And yes, you’ll get join our Whatsapp mobile text alerts for weekly trade recommendations. Get Trade Alerts Now

Aaannnddd…. welcome to the Lifestyle Trading 101 Podcast. We are  approaching the end of July and have recently been on fire with our trade calls. This doesn’t always happen but we’ve been many many weeks of calling the markets correctly and trading it profitably. Overview This past month or two has been incredible and everything from the Brexit crisis or crash, stock market crash, which we’ve predicted ahead of time saying that it could be a buying opportunity. And then, indeed, the market went straight up since then for 2-3 weeks in a row. Over July 4 weekend, the metals exploded to the upside and, since then, for 3 weeks it basically just trended down until we had this Fed day today, as really the best buying opportunity. And we do think there’s more upside to gold and silver. Long-term, we think it’s very good. Fed Day: Wednesday July 26, 2016 (Photo by Mark Wilson/Getty Images) Brexit aftermath end of July into July 4 wkend and some more. Guest Introduction: Peter Silver Surfer: Today we have a special guest, actually my brother Peter, whose account I’ve actually been trading since the beginning of this year – January 2016. It’s currently end of July going into August and we’ve had some incredible returns. Of course I’ve got to mention the downsides. There were times when we were down quite a bit. Like many of you, Peter has been following the blog, listening to the podcast, really from an outsider perspective. Not completely understanding exactly what i’m doing. But curious. And so I thought it’d be interesting to get his perspective on perhaps he can ask some of the questions that some of you may have and that can help all of our listeners to better understand what it is that we’re doing here at LifestyleTrading101. And what you can do to make money, $1k every week, which is the goal of our site. Peter: Yeah, so this is Peter here. I’m SilverSurfer’s brother, followed his investment blog and trades from the very beginning. There is just one thing I want to bring up first before I continue further. And that’s related to what I’m allowed to say and versus what I’m allowed to say. Legal Disclaimer: Due to regulations related to the Investment Advisers Act of 1940 – I’m not allowed to talk about my client experience being positive because testimionials/endorsements by definition are selective — usually filtering out the negatives and showing only the positives to the public. Further, my experience is not necessarily indicative that future experience will be similar — that past success would mean future succes s. That’s just not necessarily the case in trading and regulators don’t want want investment advisers to suggest this in any way. It’s unfortunate because as a small investment fund, there’s no way we can effectively encourage others to check us out if we don’t point to the successes. But on the regulation side — I can understand why the regulators want to protect investors — nothing in trading is a guaranteed success. Failures inevitably come. As such, there’s a lot I can’t say today. But here’s what I think I can say today: 1) I can talk about my background as a more in-depth introduction 2) I can discuss / ask questions about the investment strategy 3) I can talk about transformation of this success into an investment fund – that once created will be regulated by the Investment Advisers Act of 1940. That’s about it. I have to avoid my personal client experience so that’s what I’ll do here today. ==== Peter: A little bit about me. Besides being the brother here and providing some capital to invest, I’ve been involved in consulting, in investment banking in mergers and acquisitions. So after my years working as an investment banking analyst, I was a teaching assistant at breakingintowallstreet.com, which has a sister blog called mergersandinquisitions.com and these two sites together help train financial analysts to-be to learn financial modeling, understand wall street, and succeed in their careers. So my perspective for this podcast is coming from someone who has the financial background, in finance and wall street.   Investment Strategy Q&A Peter: So that’s a little about me. Moving onto topic #2, the investment strategy topic. Yes, I really had a hard time understanding what this was from the very beginning. But over time, it kind of cleared out to me. I basically comprehended it to be two strategies involved. One is a conservative strategy that is having these consistent weekly wins with a pretty good percentage hit ratio, more than 75% and, recently, closer to 90% maybe even more. And, a more aggressive strategy that had more risks to it and certainly the funds you helped me manage basically had some great wins and some risky periods, but those are all from the risky trades. From the outsider perspective, some things like “option spreads” I only have preliminary understanding of. When you mention things like “oh, $1K here..” – i don’t really understand that. Is it $1k every week? What’s the tradeoff? What’s the maximum loss you can have there? As I gathered understanding over time, this is usually based on a $20k account, so when you’re talking about $1k weekly wins, you’re actually talking about 5% gains per week. And if that hit ratio continues to be successful 4 times in a row, you’re talking about 20% monthly returns. And, that starts to be come crazy because, seriously, you’re beating S&P and everyone else at a such a large ratio. So I’m looking at this and saying, why don’t we try to scale this thing so we have a larger capital base. Do you think you can actually take your trades at scale and generate 20% on a much much larger base. Silver Surfer: Yes, those are all really really good questions. And for listeners out there, so basically, I’ve been trading Peter’s account with a very very extremely aggressive strategy. And usually the alerts I send out are actually what I consider “conservative”. So when I go through a lot of aggressive trades through Peter’s account and then I find this one opportunity has a really good “risk to return ratio”, that’s when I alert a high probability trade out to my alerts. So I call that our trade of the week. And that trade of the week is usually based on — if we trade futures contract, e-mini SP500 futures contract, that’s basically … [15 min more, download the podcast and listen to the whole thing] Investment Fund Creation Q&A [10 more min — Exploring some exciting next steps. Listen to it in the podcast link above! Download it to your mobile phone podcast]   If you’d like to learn more about the markets, check us out at www.lifestyletrading101.com – subscribe to our newsletter and sign up for our trade alert service SilverSurferTrades – where we send high probability  trade alerts sent right to your mobile phone that aim to make $1,000 every week using weekly options and futures on the S&P500. It doesn’t always happen, but that’s our goal every week. You can also subscribe to our YouTube channel for free video lessons and trade recaps. Signing off this is SS, Best of luck trading and may the waves be with you. I’ll see you guys in the next episode. Sign Up! Sign up to become a member of our SilverSurferTrades trade alert service to access to premium videos and you get the insights you need to make more educated trade decisions. And yes, you’ll get join our Whatsapp mobile text alerts for weekly trade recommendations. Get Trade Alerts Now

It has been a crazy trading week – the global stock markets are crashing everywhere – except gold and silver – which we’ve been recommending here on this show. What am I talking about? I’m talking about Trading the Brexit After math.    There have been some big headlines surrounding the UK’s Brexit vote to leave the European Union. The Briitsh pound fell 9% to 30 year lows, the stock market crashed with Dow down over 600 points (800 points at one point) The Brexit Vote   What is Brexit? You may ask.   Brexit the term itself is a blend between Britain and Exit -so Brexit.   On Thursday, June 23  going into Friday morning June 24 – there was a vote within the UK on whether they should stay in the European Union – or whether they should leave.    We won’t go into the exact details of the vote or the economics of it –as you can find those by reading any news channel. But what we’re interested in here – is what implications this has on you as a trader and what it was like trading during this Brexit vote.   Well, as any trader who was trading that day — or I should say — that night — can attest to — it was one of the craziest trading experiences ever–stressful and thrilling at the same time. There were people who said trading this market was more exciting than a Game 7 of an NBA finals. Really dramatic. Your account would’ve gone through wild swings. Pre-Brexit Trading The day before the vote, the market was around 2075 and as the day of the vote arrived, the market rallied towards 2095 and closed that day at 2098. That’s already a 20+ point rally. The expectation was that everyone would vote to stay in the EU instead of exit. People were saying the odds were roughly 5:1 according to some sources – meaning a high probability that Britain would stay in the European union. But the crazy part happened after the 4pm market close — between 4pm and 6-7pm EST – the markets rallied even more. Usually after the market closes, not much happens in the futures market. It usually stays where it is. But this time, it moved like crazy and faster up than it did during market hours. It went from 2098 to 2118 — another 20 points until around 6:30pm — that’s when the initial vote counts came in. Trading the Brexit Vote Instead of the votes showing an overhwhelming majority to stay in the EU, instead, the votes showed a super close tight race between stay and exit — and actually, the exit voters were winning 51% to 49%. Holy krap – that’s definitely not what everyone else thought was going to happen. The markets began reversing dramatically — within minutes — dropped all the gains from since the market close and dropped from 2118 to below 2090 — then it rebounded. The Brexit Stock Market Crash You see, the voting numbers kept coming in and as new information came in, the market would move drastically in one direction and then reverse. The market dumped and continued dumping as the voting numbers came in. The weeks and weeks of gains that happened in the market — all gone within an hour or two. Between 6:30pm EST and 1am — the market dropped from 2118 down 120 points all the way to 1999 — so much to the point that circuit breakers — which are designed to prevent the market from falling more than 7% in a given day — those circuit breakers kicked. Dow was down 800 points in the futures and the S&P was down 120 points. So when it reached the maximum 7% — trading completely halted from 1am to 2am. Remember back in 2008 financial crisis and congress had to vote on bailout packages — and when the vote didn’t go through – the Dow fell 1,000 points. I mean this Brexit trading day was in a way, historic, in a similar way. Everybody thought the UK would stay in the European Union — but the vote results came out — and they were about to leave because the voting was 51% vs 49% – the end result was closer to 52% and 48% once it was all done counting. But by then, the damage to the world financial markets was already done. It was so bad that trading was completely halted at 1am. Trading the Brexit Trading Halt But here’s the good news. When the markets opened back up at 2am — the way it works is that the market cannot go further down. The exchange only allows buyers to bid up the market from that 1999 level — it is not possible for the market to go down below 1999 until the regular market hours opens again. So that means between 2am and market open at 9:30am — the market could only go up. That’s crazy – when else do you get an opportunity to buy with an artificial floor preventing you from losing money? Obviously if you already had money in the markets or were trading in and out – you may have lost on those trades or investments, but if you have available money to enter  — that’s the perfect opportunity to buy. So that’s what I did. I wish I bought more, but I did what I could. I bought at that 2002 level — took a nap at 2:30am — and woke up intermittently throughout the night to sell some at 2015 and again at 2030. Sure, I could have done better, but hey – a 30 point move in the S&P500 that allowed me to take a virtually riskless bet — is a no brainer. Of course, not anyone could have made that trade. You had to be awake at 2am — and had the guts to put on a trade after this Brexit stock market crash. It was definitely nervous and it’s not that often that these kinds of trading halts happen – so it’s not like I’m used to doing this often. But I saw an opportunity to enter — and it was very helpful. You see, trading that massive drop was not easy. I wish I could say I shorted and I held on all the the way down to 1999 — but I didn’t. I did  short, but I was too scared that the market would rebound and so i went in and out. And if you were on the wrong side of the trade, your account would lose money fast. Definitely not easy. The only easy part was AFTER the trading halt — that’s where the best opportunity to make money was. The next day when the market opened at 2030 –it rallied towards 2060 — before selling back down below 2020. Post-Brexit Buying Opportunities? So what happens next? The market just crashed — is there more to go? Well, i don’t have a perfect answer for that, but I will say that it could be a buying opportunity. Why might this be a buying opportunity? Because the federal government will likely do what it takes to restore confidence in the market. Brexit has now delayed the likelihood of a Fed rate hike from later this year into next year. Meanwhile, The European Central Bank also said it is “ready to provide additional liquidity, if needed, in euro and foreign currencies.” So when there’s blood in the streets, there’s opportunities to buy at discounted prices for longer term investors. I don’t think we will revisit the 1800 lows from this past February, but we could dip back into the mid 1900s before we revisit new highs over 2100. Currently we are at 2020 . Looking back, I can definitely say this will go down in the history books as one of the historic stock market crashes — right there along with the financial crisis, If you’d like to learn more about the markets, check us out at www.lifestyletrading101.com – subscribe to our newsletter and sign up for our trade alert service SilverSurferTrades – where we send high probability  trade alerts sent right to your mobile phone that aim to make $1,000 every week using weekly options and futures on the S&P500. It doesn’t always happen, but that’s our goal every week. You can also subscribe to our YouTube channel for free video lessons and trade recaps. Signing off this is SS, Best of luck trading and may the waves be with you. I’ll see you guys in the next episode. Sign Up! Sign up to become a member of our SilverSurferTrades trade alert service to access to premium videos and you get the insights you need to make more educated trade decisions. And yes, you’ll get join our Whatsapp mobile text alerts for weekly trade recommendations. Get Trade Alerts Now