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.