December 3, 2010 4:04 PM | 1 min read |
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.
All you had to do today was read the article titled, Disaster Job Report. Is QE-3 Likely Around The Corner? This article called for a basically flat trading session regardless of the horrible government job report. You don't believe the Federal Reserve was going to let this market drop before the weekend when countless Americans are going to spend their entire paycheck on Christmas gifts. Remember the only way that this quantitative easing or money printing remedy can last is if the U.S. consumer spends money. How would it look if the 'average Joe' saw the Dow Jones Industrial Average trading down 200 points today? Average Joe would certainly be thinking twice before he went out and bought that new flat screen television this weekend. So there you have your flat to positive trading session thanks to declining U.S. Dollar Index.
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.
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