Wow, what a downer yesterday was.
Our Members were loving it as we reviewed our Short-Term Portfolio on Friday afternoon and it was up just 68.7% for the year at $168,680 and, of course, we were bearish into the weekend. Those same positions, with no adjustments, finished the day yesterday up 81.7%, at $181,680 – gaining $13,000 on that little dip – not bad for a “down” day!
Today we expect a bit of a bounce in the market but we already had our fun this morning playing oil long in our Live Member Chat Room beginning at 5:18 am with a bullish trade idea at $48.80 on /CL (Oil Futures). We already stopped out of that at $49.25 for a nice $450 per contract gain – enough money to buy a nice breakfast while we wait for the markets to open.
We also went long on /NG (Natural Gas Futures) in our Live Member Chat at $2.825 this morning and, already we're up to $2.90 on those for a $750 per contract gain on those contracts. This is why we love trading the Futures. We'll discuss Futures trading in our Live Webinar today at 1pm (EST) and, since this is our first official one of the year, it will be FREE to join AT THIS LINK. If you want to learn more about how we make these trades – come join us!
As I said yesterday, we simply trade on the Fundamentals but it's also important to learn how to make those trades and to have a trading discipline. We discussed some scaling techniqes this morning and you can learn more about that by checking out our Strategy and Education sections but, to learn advanced techniques like Futures Trading, the live Webinars seem to be most effective.
I can tell you what we're trading in the morning post (this newsletter has 17,720 active subscribers) like, for example, this morning we will re-enter a bullish position on oil (/CL) back at $48.85 and stop out at $48.75 and re-enter on a cross back over $48.85 (same plan as I told you yesterday) and then again at $48.50 – baiting our hook with $100 worms while we wait to catch a $500 fish. We can tell you this because the oil market is fixed, it's MANIPULATED (not by us) and we know HOW it's manipulated, so we can use our knowledge to our advantage.
