Monthly Trader Alert | May
MONTHLY TRADER ALERT
On 4/26 I sent out an alert saying that the 61.8% retracement level
on the DOW (11,247), could be a good time to go short.
The alert also mentioned a potential high risk position that I was taking
was to short a 3X long ETF.
It also specifically mentioned shorting DRN at $230.
A few days later that ETF had a 4X split, so it would then be worth
$57.50.
Today as the market plunged, DRN got as low as $35.01, which means
you could have made as much as 39% profit in one week if you had
shorted it.
I did cover some of my short positions today, but I don’t think the
selling is over yet.
The market basically did exactly what was said by Dave in the Daily Market Advantage
… it just happened faster than he expected.
The DOW went all the way down to 10,000 before bouncing, and if you
didn’t have any buy/sell orders in place you probably missed it
altogether.
I am looking forward to Dave’s analysis to see what’s going to
happen next.
Members of the Daily Market Advantage receive his insight EVERY
trading day.
If you’re not yet a member you can get more info at:
http://www.diversifiedoptionstrading.com/go/DMA/
In addition to the daily reviews, Dave also posts “mid-day updates”
from time to time, with valuable up-to-the-minute tips.
It’s important to stay alert and be aware of the changing market
conditions, and the best way to do this is to join the Daily Market
Advantage.
http://www.diversifiedoptionstrading.com/go/DMA/
Honestly, I would not trade without it!
Dave F.
Diversified Options Trading
P.S. Remember, everything you learn in the Diversified Options Trading system is used in the Daily Market Advantage.
DISCLAIMER: No personal investing advice is implied or stated in
this communication. The information presented is for educational
purposes only and should not be construed as personal legal or
investment advice.
Tagged with: Daily Market Advantage • stock market update • trading stock options • trading strategies
Filed under: Options Trading Articles
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