Nate was right (gross)

I hate saying it as much as you hate reading it

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AUGUST 16, 2024       Editor’s Note: Gold gapped up HUGE today! Geof Smith has you covered on exactly how you should play it! Catch his briefing right here. Hey y’all, It’s Friday! We’re all tired and ready for the weekend. So I’m gonna keep this one pretty short. Especially because what I’m about to talk about is maybe the most unpleasant topic I can imagine: Nate Tucci being correct. Now, unfortunately, Nate is right a lot of the time, much to my chagrin. He’s one of our experts, he’s smart as a whip, and he’s a lot wiser (and older) than he looks, too. But gosh, it just leaves a bad taste in my mouth having to say “Nate was right…” I’m just kidding of course! I love Nate and all of our experts here, but Nate and I have a fun “love/hate” relationship, you know?  He threatens to fire me, I make fun of him in a newsletter, then we go to TopGolf together and have a great weekend. The truth is though, he really is smart as a whip. And he gave everyone here some advice on Monday that I really hope you’re listening to. Because if I’d listened to it, I’d be a lot better off right now… You might remember back in Monday’s issue, I talked to Nate about his advice after last week’s market chaos. And he said these wise words:  “A smart thing to do for options traders might be to just add a week or two to the exp/timeline of their trade to give themselves a little more durability in those scenarios.” Well, I wish I’d listened… Last week, I took a little earnings gamble on Disney (DIS). It was a lottery ticket, a $250 wrap order to see if Disney spiked on earnings, expiration last Friday. Well… it didn’t… to say the least.   Uh oh! Didn’t enjoy that. After it stayed flat for the rest of the week, I was out $250. Now, to be clear, I knew the risks when I took it. I took a low risk and chased an outsized reward, knowing that my odds weren’t amazing. And I lost. Big deal, it happens. I’ll get the next one (maybe!)  But still, I’d rather not have lost. And if I’d followed Nate’s advice, and added another week to my trade, well…   I’d be a lot happier today with a trade probably about to expire as a winner. Live and learn. It pains me to say it, but Nate was right. Don’t get too crazy in these markets. Give things time to play out, and the market could become your own magic kingdom. Have a great weekend! Stephen

AUGUST 16, 2024 Editor’s Note: Gold gapped up HUGE today! Geof Smith has you covered on exactly how you should play it! Catch his briefing right here.   Hey y’all,   It’s Friday! We’re all tired and ready for the weekend.   So I’m gonna keep this one pretty short.   Especially because what I’m about to talk about is maybe the most unpleasant topic I can imagine: Nate Tucci being correct.   Now, unfortunately, Nate is right a lot of the time, much to my chagrin.   He’s one of our experts, he’s smart as a whip, and he’s a lot wiser (and older) than he looks, too.   But gosh, it just leaves a bad taste in my mouth having to say “Nate was right…”   I’m just kidding of course! I love Nate and all of our experts here, but Nate and I have a fun “love/hate” relationship, you know?    He threatens to fire me, I make fun of him in a newsletter, then we go to TopGolf together and have a great weekend.   The truth is though, he really is smart as a whip. And he gave everyone here some advice on Monday that I really hope you’re listening to.   Because if I’d listened to it, I’d be a lot better off right now…   You might remember back in Monday’s issue, I talked to Nate about his advice after last week’s market chaos.   And he said these wise words:    “A smart thing to do for options traders might be to just add a week or two to the exp/timeline of their trade to give themselves a little more durability in those scenarios.”   Well, I wish I’d listened…   Last week, I took a little earnings gamble on Disney (DIS).   It was a lottery ticket, a $250 wrap order to see if Disney spiked on earnings, expiration last Friday.   Well… it didn’t… to say the least.   Uh oh! Didn’t enjoy that.   After it stayed flat for the rest of the week, I was out $250.   Now, to be clear, I knew the risks when I took it. I took a low risk and chased an outsized reward, knowing that my odds weren’t amazing. And I lost.   Big deal, it happens. I’ll get the next one (maybe!)    But still, I’d rather not have lost.   And if I’d followed Nate’s advice, and added another week to my trade, well…     I’d be a lot happier today with a trade probably about to expire as a winner.   Live and learn.   It pains me to say it, but Nate was right.   Don’t get too crazy in these markets. Give things time to play out, and the market could become your own magic kingdom.   Have a great weekend!   Stephen

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions. Unsubscribe This email was sent to reunisoft.cryptonews@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub

ABOUT US:  We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions.  Please visit https://prosperitypub.com/terms-conditions/ for our full Terms and Conditions.   Unsubscribe This email was sent to reunisoft.cryptonews@blogger.com by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States Prosperity Pub