End of Year Recap
Hey everybody, a pretty solid day today even though it was kind of quiet. You can see here...well BIIB, that's been giving me a little bit of a headache, DDD has been amazing. FXY, kind of quiet at this point, GLD, still have some puts there, Netflix, kind of a nice move on NFLX today, SLV kind of quiet, a little bit on the downside. TLT, I think that one's still a loss. Let's see if that thing can roll over. Twitter has been great. UNG just has been fantastic and then USO, so pretty sweet...pretty sweet action there. And then scrolling down, Oil, I really like Oil, it's a little quiet here. S&P's have a little bit of a trade there. Nice trade on the NASDAQ.
But what was kind of fun today was -- the first time for this year anyway -- to hit at least a million dollars in profits on the account. So -- and I just showed this, and I show this if I'm winning or losing. But that's kind of like to me, in terms of a trading goal, that's always kind of like a goal for the year. At least on this active account is to be able to at least make that much. So that was nice. It was a crazy year, ups and downs and things like that, but in the end the winners exceeded the losers.
As we approach the end of the year there's still one last strategy that I like to use to really set us up for the new year. I think last time I may have said that this was going to be at the end of this week. But of course it's going to be at the end of the year which is actually next week. So how I actually get ready and kick start 2014 so it just kind of starts off with a bang, is a strategy that I like to utilize -- can only do it once a year -- it's when there's a very unique opportunity in the market. You can go to this link that I'm showing you here. Go to simpleroptions.com/tls. This is going to be the tax loss selling course. Now this is going to be a live course, it takes place on December 30th from 2 to 4 o'clock in the afternoon, kind of the end of the trading day there to kind of show you what we're looking for. And then the key, the actual trades are placed on the 31st.
We're going to do some trading from 9:30 to 11:30 and then again from 2 to 4 o'clock east coast time. OK. So that will be 1 to 3 central right there. But the idea here is we're going to be talking about how to use the low risk, high reward tax loss selling strategy. This only happens once a year. This is one of the few times in the market when you can get on the same side ass the market makers if you know what's going on and if you know what you're doing. I mean I learned -- this is a strategy I learned the hard way. I had a stock that I bought at $4.00 like in June and by, you know, the end of December, by the beginning of December it was like $2.00 and then the last week of the year it just kept falling every day and I finally sold it for like 50 cents. And then the first three days in January it bounce back to like $3.00. I was like...awe… And it's because the market makers know the very specific stocks where people want to take their losses so they can book their tax losses. And once all that selling dries up, once the market makers are able to step away from the bid, guess what the market does the very first trading day of the year... that stock cruises higher.
So we're going to talk about how to find those candidates, how to time these trades for the best entry. The psychological factors behind tax loss selling, money management, tricks and techniques, what criteria make a potential tax loss selling stock, how to scan for these things, and then of course there'll be a DVD included as well. It is encouraged that you attend these live although this is of course something that you can use any year. But I will be showing you all the exact trades that I'll be doing then you can piggyback me if you like. We're going to post this to the site at 497. If you are in receipt of this email you can sign up for 297, all right. Hope that helps. You guys have a good night and we'll see you at the next update.