May 10, 2011 6:17 PM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 4.82% on Tuesday, and it closed at $77.81. In the real estate space, Taubman Centers, Inc. (NYSE: TCO) jumped 2.30%, and Vornado Realty Trust (NYSE: VNO) added 1.80%.iPath Dow Jones-UBS Cotton Subindex Total Return ETN (NYSE: BAL) traded 4.61% higher on the strength in cotton futures. BAL closed at $84.21, and it had a volume of 137K traded shares.Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) jumped 3.61% as Banco Santander, S.A. (ADR) (NYSE: STD) added 2.07%, and Petroleo Brasileiro SA (ADR) (NYSE: PBR) gained 1.32%.iPath Dow Jones-UBS Sugar Subindex Total Return ETN (NYSE: SGG) gained 3.15% today as sugar traded higher for the second day in a row. SGG closed at $69.85, and it had a volume of 69K traded shares.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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