August 17, 2015 10:27 AM | 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.
em>Joel Elconin is the co-host of
Benzinga's #PreMarket Prep, a daily trading idea radio show.S&P 500 index futures trading lower by three points at 2086.25 in Monday's session. The index from the premarket faded and the index declined off the open but found support in a familiar area.After bottoming on Thursday at (2073.25) and Friday (2073.75) the index found support ahead of that level at 2074.75 and rebounded back over 2080,Three of the top ten component in the index that is in the green with Apple Inc (NASDAQ: AAPL) shares being the biggest winner by trading higher by $0.58 at $116.64, Leading on the way on the downside is Berkshire Hathaway Class B (NYSE: BRK.B) share are trading lower by $0.90 at $141.67.
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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