Monday
April 14, 2014
Random Walk’s Mission:
To help 1% of the population learn that they do NOT have to be wiped out in an economic catastrophe and/or market crash, and make it as easy as sending an email.
Happy Day!
This Saturday
(Website says it will be 3 hours, but I suspect it might go 4 hours. It has a LOT of material in it that I find hard to believe will be completed in anywhere near 3).
HOLIDAY
Passover is tonight.
Blood Moon (total lunar eclipse is tomorrow) and
Good Friday this Friday (Markets Closed)
The Dow
The Dow was down 143.47 at 16,026.75
Keep in mind that it feels like we have crashed, but we are only down 3.6% (Dow) from the highs.
AAPL
AAPL closed down $3.87 at 519.61
The VIX
The VIX closed up 1.14 at 17.03%
Below is the YTD VIX graph showing that we are at levels in the VIX that have only been exceeded once this year with the January 1,000 point selling.
TLT
Up 0.89 at 110.73
This spike higher in the TLT is happening whenever (of late) we have a down day, mostly as a flight to safety. Below you will see that the TLT closed near the highs for the year despite the Fed tapering still. This is mostly attributed to a flight to safer investments than stock.
Silver and Gold
GLD Closed down 0.08 at 126.93
SLV Closed down 0.08 at 19.19
TSLA
Tesla was down $0.41 at 203.78
RSX (Russian Index)
Closed down up 0.24 at 23.50.
That’s right sport’s fans…..Russia’s market closed up despite our market collapsing.
Yesterday
The market opened down roughly 100 points on Friday only to inch its way back higher. At about 11:30pm (eastern) the overall market almost was positive for the day, and the Nasdaq actually did go positive. Without enough people optimistic that we hit a bottom, and a bounce that arose from an area without any significant technical numbers, the rally wore off and we sank to the day’s lows at the close.
Today
I suspect that we will test 16,000 in the Dow, and perhaps even 1,800 in the SPX (800 OEX) if 16,000 doesn’t hold. The economic numbers out today are relatively meaningless except to justify a move that is going to take place regardless.
POT is held each Wednesday night at 7:00pm eastern.
POT people….
Don’t forget that all the positions for POT are in OA, and you can get hold of them (if in POT) at anytime of day or night.
Contract the office at 1- 855 – RWT – 0008 for more details.
A lot to talk about in the update that is coming.
Old and Out of the Way
HUMPTYDUMMY
QA
Note: Questions we have had regarding the class.
Question:
Can you give me a little insight into the curriculum.
RW Answer
| Married Put | 1-5 | 401K Type Accounts |
| Collar | Wide Condors | Unbalanced 1-5 |
| Risk Reversal | Short Calls | When, Where, Why, How |
| Butterfly | Short Call Spreads | Indexes as a Hedge |
| Which is the Best Hedge | How much to hedge | Individual Names as a Hedge |
| When |
Question:
Will there be information regarding hedging things like 401(k) accounts where someone is unable to purchase anything else but mutual funds? For example, buying X amount of ABC puts in an outside brokerage account will …..
RW
Absolutely….
This is one of the trickier things to get through to people, but as yesterday’s sell off on GOOD NEWS shows, it is important to know.
Question:
Will participants be able to submit questions? If so, will they be able to be submitted after the event or must they be asked during the live event?
RW
If you have a very valid question that would pertain to a lot of the class, send it now! 1/3 of all our material in a new product goes out after the fact as we never know ahead of time what would be the most important thing to you. Through decades of trading and teaching we have a good idea what works, but it would be impossible to know everything people are thinking ahead of time.
If you have questions during the session feel free to submit them in the text box. If at all possible the instructor will attempt to weave an answer into the discussion. If not addressed it is because the instructor feels it would take the conversation off on such a tangent that the class would be lost. IN this case simply submit the question in writing via HUMPTYDUMMY@RandomWalkTrading.com.
Question:
How long is the class. The Website says 3 hours, but from POT I know it is flexible.
RW Answer
Egg-cellent question (keeping with the Humpty Dumpty theme).
The mini-classes we stick with a theme that is designed to be about 3 hours (with a 5 minute break in the middle).
This class has a LOT of information in it. It is probably our most complicated class in terms of the quantity of directions we are taking here. This will make it challenging to get done in 3 hours if no questions come in, everything works perfectly, and I don’t think of anything else to add in the last couple of days.
Be Prepared for up to 4 hours as I think that will be a more realistic time frame. Sometimes what we think is a great explanation turns out to not be. It is then that the instructor will drop the slides and come up with something from a brokerage platform to attack things from a different perspective. That always adds time.
Lastly, depending on market conditions, levels of understanding, etc. the instructor can eat up more time doing things he had not planned.
Question:
I am a new trader barely understanding buying and selling options, and just getting use to verticals. Will I be lost?
RW Answer
No way. Sure, there may be some things that are confusing for a new trader, but most of this relatively easy to understand. Most of it is more along the lines of “Why didn’t I think of that?”
That is not to say you will not be lost on some things, but the session is recorded and you can keep reviewing it to help pull your knowledge up.
Question:
Will this be recorded like other sessions?
Answer
No. Hopefully it is recorded better!! (SMILE) We are getting better all the time as technology improves. But that doesn’t mean we don’t have snags once in a while. It is hard to teach a 50 year old trader technology. Lol. Actually it is recorded and you will also get slides that accompany the session as a study aid.
Attorney Stuff
DISCLAIMER (Seriously!)
Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the DailyPlanet newspaper.
We did NOT get any TARP money, so we are not aligned with any politician. We have the utmost respect for our attorneys who tell us any attempt to trade is throwing money out the window, and investing is risky business (still a great movie). Past performance doesn’t mean a thing. The future is even scarier. There is no guarantee the sun will come up tomorrow. Random Walk and everyone associated with it promises absolutely nothing. We guarantee nothing. We wont ever do anything right unless it is an accident.
Random Walk only provides education (and a great cup of Starbucks if you visit our office). If you want advice please consult an attorney, licensed broker, Tarot cards, tax consultant, investment adviser, etc. Random Walk, LLC is full of morons, dolts, has-been(s), chromosome damaged individuals, thieves, ex-cons, losers, and carnival barkers. Any attempt to find a semblance of intelligence or integrity in Random Walk would be a waste of time.
When reading this you acknowledge that you agree to hold harmless Random Walk, LLC, its employees, independent contractors, authors, managers, owner(s), spouses, children, cousins, friends, bail bondsmen, and favorite bartender. In fact, you agree to grow up, accept some responsibility for your own actions, and stop believing the media that sells you on how nothing is your fault. You further agree in the antiquated and lost values that America is the land of opportunity and not the land of handouts. You agree any loss in the markets is a result of your own actions as we told you NOT to trade without consulting someone other than us.
All paper trades are SOLELY for example and to illustrate how certain strategies could perform without the benefit of hindsight and back-testing. You agree NOT to trade based on anything we say, do, write, advertise, etc. If we were smart we would be teaching high-school math and making the really big bucks. You agree to abide by the laws of your country and that it is legal to accept this transmission.
Every attempt has been made to ensure accuracy, but we are clueless. As a result it would be foolish and impossible to assure the accuracy of any numbers and/or come close to writing a sentence that is grammatically correct. You agree not to get on our case emotionally, physically, spiritually (no Voodoo dolls please) or legally when we screw up. We are doing our best to keep up with evolution, but it is a fast race and we are falling behind. If any of this stuff is too hard to accept please let us know and we will remove you from our mailing list and short term memory.
Random Walk deeply cares about each and every student. We try to keep the selling of products to a minimum. We believe our students are a result of attraction rather than promotion. This does NOT mean that the more attractive you are, the more we promote ourselves (in general).
Our products are written ONLY by floor traders, fund managers and retired floor traders. They are expensive and unique. That does NOT mean they (materials) come on a tablet of concrete from Mt. Sinai. If you are still reading this, you will likely be the first to have gotten this far. No guarantee for accuracy is made.
Because of the proprietary nature of our materials and the ease of electronic copying, all sales are final. There are far too many people who have no problem stealing our materials and putting them on torrents or copying them. These are the same low-life, selfish, whining, half-wit hypocrites that would cry like a newborn with a wet diaper if someone stole their car radio. They have to pay for our materials before stealing them, and live with their karma (and our legal team). Yes, we have caught a few and now have one person working on detective work solely.
Sales are far from our largest concern. If you are a whiner, complainer, or generally unhappy with life please go to someone else in this industry who values money over happiness. We can point you in the direction of other firms that only care about the bottom and top line. Jerry Springer can also point you in the right direction. Besides whiners are a total distraction from the awesome group of students we are fortunate to have. We are truly blessed and thank them (provided that is fine with our lawyers). “Thank yous” are only handed out in countries where legal and void where prohibited. If your country does not allow “thank yous” please refrain from accepting it. This disclaimer is copyright material and not a joke.
