US Dollar Down

[Arnold Kameda]

Hey All,

You all have been so quiet lately so hopefully you are so busy either paper-trading or making real trades that you've been too busy to write. Anyway, as part of being a good trader, one must keep abreast of big global financial news. Here is an excerpt from one of the newsletters I subscribe to:

Virtually all of the coverage of the Federal Reserve's stunning decision to buy up to $1.2 trillion in Treasury bonds and agency debt on Wednesday centered on its effect on long-term yields and the economy. But possibly the most critical effect of the move was virtually unmentioned: a gigantic 3% drop in the value of the U.S. dollar against other currencies.

The dollar took a huge drop in value the past few days. The negative drop in the dollar has had a positive effect on gold stocks and commodities. So if you think this trend will continue, then you can make purchases of such types of securities (or their options). There is also a fund called the 2.5X Dollar Bear Fund, that moves opposite the dollar called the DXDDX fund that trades just like a stock. It's been trending steeply upwards these past few trading days.

As an informal trading group, I encourage you all to get in the game of trading and prepare yourselves to be ready to do some real trading based upon a trading plan (fundamental reason for making the trade, technical confirmation of the trade, defined entry/exit/ and stop losses). With the rapid changes in our economy, we are going to see some huge trading opportunities come our way and the better prepared we are then the better we can capitalize upon them.

Keep up the conversations!
Arnold

[Herb Taylor]

Hey Anold,

Haven't done anything since the two day session with BT finished.  Market went down and the market went up but all I do is watch the action.  I have never been a trader and it's looking as if I never will be one.  Now, I suspect there are a few more of us out there, and they likely also took the BT course, but they need a lot of hand holding, and there just ain't anyone out there who wants to get into that kind of thing.  I'd like to put a couple of trades together but the training we got requires that we use the BT system and not many of us have their programs - so we don't do much of anything.  I for one will invest in some movers that I've found as a result of the BT operation and will likely recover the fee I paid for the training that I did get, but no way three times that  - and with options at that.

Keep the good words comming though and perhapse some day some of us will come around.

Herb

[Donald Garwood]

Arnold,

Did AC decide when's a good time to meet again?  My paper stuff has proven successful for a year.  (I'm pretty gusty.)  I'm good during the lunch hour again, if that works. 

Thanks.  "Slick"

 

ps.  FSLR has the biggest swings that past couple of days.  I found a couple of others Friday that bounced profitably.  (Again, on paper, I'm a champ!)

[Arnold Kameda]

Hi Herb!

Nice to hear from you! Well, I can certainly understand your situation. If I had never traded before, there is no way that the introductory 2-day BT workshop would have prepared me for active trading. I believe that workshop is NOT geared for people who are NEW to TRADING but is geared for people who have done traditional stock buying and selling and want to learn how to begin to trade options. And even when it comes to options, that 2-day workshop is only the tip of the iceberg. It takes a lot more training, a lot more exposure to instructors and a lot of hands on experience (paper trading to start with) to begin to get reasonably proficient and profitable. I've been an active trader for about 10 years and I feel like there is still much more for me to learn.

Honestly, I don't think BT's niche is teaching novice traders how to trade; they are not geared for one on one coaching and hand-holding. I don't mean to upset anyone, who is happy with BT (as there are different solutions for different people), but I have found another investment education company that does a superior job in this area. They are called Investools and they do give frequent workshops in Hawaii. Their introductory 2-day workshop was only $99, but their training programs are expensive. For example, their introductory level, which teaches basic options and trading, but comes with lots of one on one coaching, costs about $5,000. However, the quality of their program is very high and they do put lots of emphasis on individual coaching, which it sounds like to me you want and need. If you want more info on this, write to me at my email arno...@gmail.com. And no, I don't get any bonus or referral fee, I'm just giving you an honest assessment based upon my experimentation with more than one investment educational company and your particular needs.

Mahalo,
Arnold

--
I am a "Pro-Active Investor". I personally and actively steward the financial assets provided to me by our Father and do not wish to rely on professional money managers or the government to support me in my twilight years.

Preserve our Earth and its resources; it is the only planet that we and our children and future generations can live on.

Arnold K. Kameda

[Arnold Kameda]

Slick,

Sounds like you're ready for real trades. What's holding you back, my man? Did you apply for level 3 option trading with eTrades (that was you wasn't it)? And NO, I haven't heard from AC. WHAT'S UP AC?

Respectfully,
Arnold