Qualcomm: The Virtue of Patience

There’s an old expression in the U.S. Army: soldiers are often forced to “hurry up and wait.”

That’s what it’s like much of the time for those trading the loophole trade, or spread trades (debit or credit).  You put on the spread trade and to realize maximum profit or get paid your money on this trade, you have to wait until expiration of the option contracts.

That’s what we’re now facing with our Qualcomm, Inc. (NASDAQ:QCOM) trade – and I want you to make money from this situation.

First watch my video, which shows you exactly what to do. I also flesh out this advice, in the body of this issue below.

 


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How to Avoid Failure as a Trader: Throw Out the “Hopium”

From the Eurozone’s Greek crisis to the dizzying plunge of the Chinese stock market to Puerto Rico’s own ticking debt bomb, global investors are now grappling with two of their worst enemies: greed and fear.

The legendary investor Warren Buffett perhaps put it best: “You want to be greedy when others are fearful, and fearful when others are greedy.”

The herd mentality is hard to resist. Many investors behave like lemmings and march right off a cliff. They succumb to the “group think” of the media, friends, the internet, colleagues, family – everyone telling them what stock or investment to buy, everyone ready with brilliant advice.

But what I’m going to tell you right now is why that mentality is totally wrong

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