UPDATE: J.P. Morgan Posts Q3 Loss - JPMorgan Chase (NYSE:JPM)

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.

J.P. Morgan Chase (NYSE: JPM) reported a loss in the third quarter. J.P. Morgan posted a quarterly loss of $400 million, or $0.17 per share, versus a year-ago profit of $5.7 billion, or $1.40 per share. Excluding charges, it earned $1.42 per share in the recent period.Its revenue on a managed basis declined 7.7% to $23.88 billion. However, analysts were estimating earnings of $1.17 per share on revenue of $23.94 billion.J.P. Morgan's commercial banking profit declined 3.6% y/y to $665 million, while mortgage banking profit rose 13% to $705 million.J.P. Morgan shares gained 2.65% to $53.91 in pre-market trading.

20-Year Pro Trader Reveals His "MoneyLine"

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