By: Steve Smith
We’re having a strong day in the markets today with the Dow up over 2 points as I write this, the S&P up almost a point and a half.
The Nasdaq is lagging behind, likely because of the tech names that have been slammed the last few days.
So with all the indices on the upswing, is it time for us to take an aggressive bull stance?
I don’t think so. As I have said over and over the last several months, caution is the name of the game.
I know, it’s boring. It’s much more exciting to see the stories of some dead broke pizza guy who bought BTC at $.50 and is now a multi-millionaire.
But here’s the thing, for every one person who changed their life on some crypto or meme stock or tulip speculation there are 1000, maybe 10000 people who lost everything.
I’ve said it over and over, I’m not opposed to speculation…
But it has to be with play money, not investing money.
I found that out early when, on my first options trade, I lost $50,000. I was a young man and could hardly afford to lose that kind of money.
But I had a “sure thing” and got into a naked trade.
And the next day, BOOM – I was down $50k!
When you take a disciplined approach to trading, you can mitigate risk and make significant returns quickly.
For example, so far this year Options360 is up 54%…
And I am looking to bump that by a few points by the end of the year.
How many mutual funds, managed accounts or index funds have that kind of track record.
That track record isn’t because we got lucky…
Our mean ROI between 2015 and 2020 is 65.6%.
That’s a track record of performance worth considering.
It’ll be the best money you ever spent!
To Your Success,
PS. Require Government Disclosure: Past performance is no guarantee to future gains.