Sabtu, 03 Agustus 2019

This Mistake Cost Me Thousands… and Helped Me Retire Early

Trouble viewing this e-mail? Click here to read it online

CASEY DAILY DISPATCH - Casey Research

Chris’ note: Chris Reilly here, managing editor of Casey Daily Dispatch.

Yesterday, we brought in master trader Jeff Clark to show you the right way to use options.

Today, we’re turning to Jeff again to explain how he developed his strategy for trading options… which helped him retire at 42.

But as you’ll see in the essay below, Jeff had to learn an expensive lesson before he found success…


This Mistake Cost Me Thousands… and Helped Me Retire Early

By Jeff Clark, editor, Delta Report

Jeff Clark

I was only 19 years old when I made my first options trade.

I had a gut feeling the market was going to go higher… so I bought four S&P 100 call options at $1.50 – a total investment of $600. A few hours later, the options were trading at $4.50. I sold and took the $1,200 profit – a 200% gain. And I was hooked on options forever.

My next trade was in IBM. I bought 10 calls for $1. This time, it took a couple days to double my money. Next, I bought Digital Equipment put options… which nearly tripled in just a few days.

I made 17 trades during my first six weeks as a trader. Every single one was a winner.

Going 17-for-17 was a remarkable feat for a rookie trader – especially since I wasn’t using any sort of fundamental or technical analysis. I was just going with my gut. But I was careful not to put more than $1,000 or $2,000 into any single trade. And I still managed to turn my $5,000 brokerage account into $50,000 in just six weeks…

Recommended Link

New type of car expected to hit U.S. roads this year

ad_img

In the next few months, the world’s first affordable, long-range electric vehicle is expected to hit U.S. roads... And it’s not a Tesla.

The Tesla Model S – widely known as the best electric car today – can only last 335 miles on a single charge.

This new electric vehicle has the potential to drive 100 miles farther, and costs much less to build.

It’s able to achieve this quantum leap in performance because of a brand-new technology, one that could be in every single electric vehicle on the planet in the near future.

Early investors stand to make a fortune as it swamps a tiny company with a 22,705% profit surge.

Click here if you want to be one of them
--

And then I decided it was time to get serious. No more tiny trades. I was too good for the small stuff. For whatever reason, I had figured out a way to beat the market. Heck, I had just rattled off 17 straight triple-digit winners. So I decided to take the $50,000 in my account, add to it my $25,000 in savings, and put it into a handful of options trades.

You can probably guess what happened next.

The stock market has a habit of humbling folks who think they’ve figured it out. For me, the humbling started right away.

At first, the positions started slightly moving against me. It was nothing to be concerned about. One good day would put everything back in the profit column.

But then, one by one, each position blew up on me. It was too painful to watch. I kept the television off and avoided reading the newspaper for fear I’d see something bad about the stock market and my positions. When I finally got up enough courage to call the branch manager and check on the status of my account, I learned all the gains I had built up over the previous six weeks were gone.

“Just sell everything,” I said.

Recommended Link

Democrats have the power and America is Doomed

ad_img

With the Democrats taking charge, for the third time in U.S. history our government is preparing to “nationalize” America’s currency.

Before long, everywhere you go, they’ll be talking about how we must reset America’s currency... to keep things fair... to build a stronger country... to “wipe the slate clean.”

But think about it: Where will all this new money come from?

Here’s what they aren’t telling you about this plan
--

That was an expensive lesson to learn. But it’s one every options trader learns at some point. I was just fortunate it happened to me early in my career.

You see, that experience changed how I looked at trading. Instead of using options as vehicles for speculation – a way to juice my returns and get more bang for my buck – I started using them the way they were intended to be used: as a way to reduce risk.

Today, I still do my fair share of speculating. But I’m not focused on how much money I can make. I’m focused on how little I can lose.

That’s a huge difference. It has allowed me to trade options successfully for nearly three decades. And it allowed me to retire at 42.

Best regards and good trading,

Jeff Clark
Editor, Delta Report

P.S. Trading options is what helped me retire early. It might sound impossible. But anyone can do it...

In today’s volatile market, everyone’s looking for ways to grow their wealth while avoiding unnecessary risk. Options can help you achieve that goal… and even let you turn the market’s swings in your favor.

That’s why I developed my proprietary option trading strategy. And now, I want to share it with you.

I recently recorded a presentation where I laid out all the details. You can view a recording right here – but remember, this comes down at midnight on Sunday.


Chart of the Day: Bitcoin’s Journey to $100K Starts Now…

By Houston Molnar, analyst, Casey Research

A couple weeks ago, I wrote to you about Washington handing us the buying opportunity of a lifetime…

President Trump took to Twitter to tell the world that he’s “not a fan” of bitcoin and other cryptocurrencies. While some people took this as negative news, I told you it marked bitcoin’s latest major milestone, as it made its way to Capitol Hill.

It’s now up 180% in 2019 alone. And as I’ll show you today, the next stepping stone could be its biggest yet…

Take a look at the chart below, which shows the key milestones bitcoin has reached since its creation 10 years ago.

Chart

And soon, we could see the next major milestone: bitcoin earning its spot in foreign-exchange reserves around the world.

Foreign exchange reserves are foreign currencies or assets held by a central bank. These assets are held to further back the native currency.

Currently, the U.S. holds a mere 8% of its reserve assets in gold while the remaining 92% consists of foreign fiat currencies.

However, the rapid devaluation of fiat currencies around the globe has led central banks to increase their gold reserves… an asset which has historically appreciated against fiat currencies over time.

Not only will they keep increasing their gold reserves… I believe they’ll also soon turn to bitcoin.

That’s because bitcoin shares the same limited supply features gold has.

You see, unlike paper money, bitcoin’s supply is fixed. The supply of bitcoins will grow at a slowing rate until the last bitcoin is “mined” in 2140. (For more on this, make sure to read our recent Dispatch here.)

That’s how bitcoin beats fiat currencies… but it also has characteristics that beat gold. The main one: portability.

For example, on March 2, a Boeing 777 touched down in Venezuela to pick up 7.4 tons of gold. The delivery came in two shipments, which flew from Venezuela to Uganda. The nearly 56 hours of flight time in a Boeing 777 cost over $400,000... And that’s not including the expenses for security.

This transaction could have been completed in 10 minutes and cost roughly $5 with bitcoin.

This is why we could soon see bitcoin added to central bank reserves around the globe.

But don’t just take it from me.

Our in-house crypto expert and Disruptive Profits senior analyst, Marco Wutzer, says not only is this a real possibility… we’re already seeing the first signs of it today:

This is already happening. The government of Bulgaria is sitting on more than 200,000 bitcoins, currently worth over $2 billion.

North Korea is also rumored to be accumulating bitcoin.

But this is just the beginning.

Expect more nation-states on the list of bitcoin holders soon, starting with countries affected by international sanctions.

Governments will also appreciate the fact that cryptocurrencies are censorship-resistant when it suits them.

I expect bitcoin to soon serve as a medium of exchange for cross-border settlements among some countries. One such exchange already happened between Paraguay and Argentina, when bitcoin was used to pay for a shipment of fertilizers.

So if you haven’t yet, consider adding bitcoin to your portfolio. We are still early in the game, and the opportunity for a 10-bagger (when bitcoin hits $100,000) is still on the table. Don’t let this opportunity pass you by.

And as always, never bet more money than you can afford to lose. It only takes a small stake to make a fortune as bitcoin continues on its path to dominance.

– Houston Molnar


Reader Mailbag

Have you ever been humbled by the stock market? What lessons have you learned in your own trading? As always, send any questions, comments, or concerns to feedback@caseyresearch.com.


In Case You Missed It

Have you reserved your spot at the second annual Legacy Investment Summit yet?

This year’s event, taking place from September 23-25, is your ticket to building and securing your wealth in 2019 and beyond. You’ll get to meet and chat with our top gurus, including Doug Casey… Nick Giambruno… Dave Forest… Marco Wutzer… E.B. Tucker… and more.

Plus, it’s all happening at a five-star resort in Southern California.

Go here now to book your tickets.

Banner

Share FACEBOOK
Tweet TWITTER

Like what you’re reading? Send us your thoughts by clicking here.

© Casey Research, LLC
455 NE 5th Ave, Suite D317
Delray Beach, FL 33483
www.caseyresearch.com

Privacy Policy | Terms of Use

Tidak ada komentar:

Posting Komentar