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Importers Food: Olives Around The World
By François Modjo
The olive has always played a key role in the development of commerce in the Mediterranean cultures. Today, for the producers, the food export import

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Below, you'll find extensive information on leading greek exporters articles and products to help you on your way to success.


84.6% Gain In 2 Weeks From A Straddle Option Trade!!
By Lazy Guy Trader
My article on September 19th, the day after the Fed cut rates by half a point, was about the strategy to use a straddle option trade on the Nasdaq 100 (ticker: QQQQ). 2 weeks later on October 5th, I exited my QQQQ straddle trade with an 84.6% profit! It was definitely a comeback from the lesson I learnt “Never enter into one position on a trade“.


If you’ll like to recap why I recommended a straddle position after the Fed rates cut, please read my blogs on Sept 19th and 24th. When there are high sentiments in the market, whether it be positive or negative, you can choose to simply buy a call or put option. However, the lesson I have learnt is to “Never enter into one position on a trade”. That is why I recommended a straddle position instead of a straight call option on the QQQQ after the Fed rates cut.

On the day of my trade, although I was confident that the Nasdaq will continue to rise (the technical charts indicate a bullish signal on the Nasdaq), it was also heading into resistant level at $50.60. Unless it breaks through resistance, the Nasdaq may head lower, which in the straddle position, will still be profitable due to the put option that I had purchased. If I only purchase call options, I stand the risk of losing if the Nasdaq does not break resistance and headed lower. Similarly, if I only purchase put option, on hindsight you know that will have been a bad decision. A straddle is the best of both world. Just remember to monitor your position closely and exit the option, either call or put, when the chart pattern confirmed the bullish or bearish trend.

We help you to succes. exporters-sources.com
Here is the trade that I entered. On Sept 20th, I purchased 10 Nov 50 Call

Options at $1.98 and 10 Nov 50 Put Options at $1.45. On Sept 24th, the Nasdaq broke through to close at $50.59. I exited the Nov 50 Put Options at $1.26 and let my Nov 50 Call Options continue to ride the bullish trend after breaking resistance. Yesterday, I exit my Nov 50 Call Options at $3.60. I exited not because I’m not bullish anymore, but rather I have to travel to London on a week long business trip and will not be available to monitor this trade. Although I could have asked my brokerage firm to set a limit stop to capture more profits, I am too much of a hands-on person to turn all control over to the brokers.

If you visit my blog, you will know that I have a full-time job (a very demanding full time job) not related to investments and trading. Being able to be in full control of my investments vs. turning over my money to a bunch of mutual funds who charges high fees and earn measly returns barely higher than the S&P 500 is not my cup of tea. Are you in control of your finances and investments? If you want to be, please sign up for my newsletter and join me on my journey to turn $50,000 into $1M in 5 years (a very lofty goal but nonetheless one that I treat very seriously).

I’ll be away for one whole week in London. Maybe I’ll check out the London stock exchange while I’m there and share with you my experiences. In the meantime, the market appears to still be bullish, but remember, for every bull run, there’s a bear waiting to jump on its chance.

Patrick Lim aka Lazy Guy Trader

Up, up, and away!
Patrick Lim operates www.LazyGuyOptionTrader.com, a blog about his personal journey to take $50,000 to turn it into $1,000,000 in 5 years. He likes to share the strategies he uses to try to accomplish his goal and is now giving away a FREE article he wrote about how to make a quick profit during times of market volatility. Join him on his journey and get FREE tips and strategies at: www.LazyGuyOptionTrader.com


 

 

 

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