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Gold Prices Soaring!

Gold Prices reaching $500, showing its
value, but worrying some. Flat market
makes profits harder. Look for upcoming
movement on flat market. Also what I’m
involved in. Get the latest at
TradingTrainer.com.

Hey trading team,

This is A.J. on Wednesday, September 28th with
your Trading Trainer web log. We are your
home of market insights for the serious options
trader. This web log will cover the events in the
market from today as well as prepare you for
watching the market tomorrow.

Team, price is slowly creeping up in the broad
market. At least on the larger cap stocks. Oil
prices continue to appreciate taking with them
energy related stocks. Team, you have to see
that Gold is pushing the 500 dollar mark. Gold
is an indicator of people’s confidence. If people
aren’t confident, they buy gold… because if all
heck were to break loose, and all the currencies
out there today that are only backed by good
faith… like the U.S. dollar, and pretty much all
the rest… if they all became worthless, gold
would still be worth something because since it
is a precious metal, it inherently has value, it’s
scarce. So, we watch the price of gold. Right
now it’s going up and up and up and that has
some worried. For us team, would we worry if
the broad market started declining? No,
because we know how to use our options to
trade short positions. In fact, the most trying
time for us team is times like right now, where
the market’s indecision keeps the broad market
with a neutral stance and therefore doesn’t give
us any extra push on our stocks to really
supercharge our gains.

The bid price of my Autodesk November 45
Calls closed up at $2.00 per option. My return
on invested capital is 5% after 1 day. The bid
price of my Joy Global November 50 Calls
closed down at $1.60 per option. My initial
investment is down 20% after 1 day.

Team; although we keep getting flat price
movement, it is on heavier volume. It reminds
me of a drag strip. Imagine when the drivers are
lined up ready to race down a quarter mile track.
What do they do while waiting for the start
signal? They rev their engines real high and spin
their rear wheels while having their brakes on.
They go no where… but as soon as the signal is
given, they rocket down the track. Right now,
with all the volume and no price movement, the
energy is building for a breakout. The million
dollar question on all our minds is in which
direction will it go. When the broad market
moves it will affect the underlying stocks. So…
we need to be prepared. Use stop loss orders on
open trades to protect investments and profits,
and when you see a confirmed signal, act on it.
Pre think your moves so you can act fast.

Okay, team. I’m done.

Till tomorrow, happy market watching, trading
and money making. Trading Trainer is here
helping you create your dream lifestyle.

Best regards always,
A.J.

Click on the below play button to hear
the blog as an audio from A.J. himself!

About the Author
A.J. Brown is a full time options trader, author,
speaker and consultant. Watch him review stock
charts on video each day, listen to his audio
newsletter where he leads you by the hand
through the end-to-end process of successful
options traders and get tips and tested strategies
proven to boost your return on your invested
capital by massive amounts in his membership
site at TradingTrainer.com today.

* You may reprint or distribute this article as
long as you leave the content, the links and the
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TradingTrainer.com Web Log

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