March 25, 2011 4:52 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.
ProShares UltraShort MSCI Japan (ETF) (NYSE: EWV) gained 4.69% on Friday, and it closed at $36.13. HONDA MOTOR CO., LTD. (ADR) (NYSE: HMC) fell 3.13% today, and Canon Inc. (ADR) (NYSE: CAJ) jumped 4.11%.United States Natural Gas Fund, LP (NYSE: UNG) traded 4.15% higher as natural gas futures gained almost 5%. UNG closed at $11.80, and it had a volume of 17.75M traded shares. Direxion Daily Energy Bull 3X Shares(ETF) (NYSE: ERX) added 2.82% today, and in the energy space, Valero Energy Corporation (NYSE: VLO) gained 3.96%.ProShares UltraPro Russell2000 ETF (NYSE: URTY) gained 2.59% as the Russell 2000 Index traded higher. URTY closed at $90.00, and it had a volume of 126K 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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