27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
When and how the Federal Reserve plans to taper has been on investors' minds since September when Ben Bernanke first suggested it was a possibility.
However, the latest US jobs data, which would support the case for a Fed taper, has been cautiously received by traders who are waiting for more concrete signs that the bank plans to cut back. US non-farm payrolls data showed that 203,000 jobs were added in November and unemployment fell to seven percent, a five year low.
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Although the US central bank has said its tapering plans are closely linked to employment figures, most traders are still betting that the bank will hold off on tapering until 2014. This week, focus will be on economic data as well as Fed members Bullard, Lackard and Fisher, all due to speak at the beginning of the week.
Energy futures were quiet on Monday morning, Brent futures were up 0.01 percent and WTI futures rose 0.06 percent. Gold and silver both lost 0.04 percent and industrial metals were up across the board with aluminum posting the largest gains, up 1.19 percent.
Buy at this blue line for a shot at trading profitably
There are so many indicators out there on when to buy and sell. Nic uses none. He looks at a chart and buys when a stock “pushes” off this blue line. What blue line? Find out on the next page. It’ll change how you make money from stocks. Click here for the details.
Tune into Benzinga’s pre-market info show with Dennis Dick and Joel Elconin here.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.