MARKET MENTORS

New!   MARKET MENTORS (2012).  Surveys the burgeoning field of market mentors, their methods, strategies, and what their students say. 

 

This is a must read before you plunk down your hard-won cash. This new cottage industry has been taken up by brokers, small companies and one-man shops. 

 

Emphasis on options education, which started some 20 years ago, gained widespread interest some 10 years ago, and grown steadily since then. 

 

This new book surveyed the field initially several years ago, and then again in 2012, to catalog changes. The consummation of hundreds of hours of research, MARKET MENTORS covers some 21 programs whose fees range from free to $25,000, from major brokers and institutions, to one man shops, and all points in between. 

 

Conclusions? As with other professions, there is a vast range of approach from mentor to mentor. While a newcomer to markets and options can benefit from mentoring, the author recommends: study the field, then ask questions. And then be prepared for hard work, lots of it. 

 

Trading is not an easy way to earn money, those who tell you it is should have one mark against them from the outset. This book will put you way ahead of the curve, and save costly errors. More info.  Buy direct ($23.95, includes shipping) from publisher now or Amazon or Kindle ($25.05). 

Top 100, Options, on Amazon

• Amazon Best Sellers Rank: #310,917 in Books (See Top 100 in Books)
  • • Today's ranking 
    #95 in Books > Business & Investing > Investing > Options
   

Amazon category best seller

Checking our Amazon page we found that our new title is climbing the best seller charts in its category.

Amazon Best Sellers Rank: #179,040 in Books (See Top 100 in Books) 

#63 in Books > Business & Investing > Investing > Options 

We produced it to make a difference to your finances.  Options trading is a competitive business, much more difficult than some convey.  This volume presents the stories of the 10% (or less) who succeed, and exactly what strategies they use.  Also includes information on other aspects of the options world.  Many pay hundreds or thousands for substantially the same information.  Priced right, you pay just $14.95.

More info. While you're there, give a look also to its companion publications, MARKET MENTORS and Option Wizard Trading Method.  The former surveys some 20 firms who teach options and trading, from one man to large brokerages.  We also give free sources of education.   In depth, it weighs in at 300 pages.  The latter presents a directional approach to options trading:  fundamentals, technical analysis, options analysis.  Highly recommended by some of the top figures in the options world.  More......

Follow-up gold: 38 days, +4.6%

We posed the question some six weeks ago, "was gold breaking out?"  The technical structure of the market seemed to be saying so.

We said:  Gold still chops, but commercials get "less short" -- is a breakout forthcoming in the fall (when gold is seasonally bullish)?

Here we are, some 38 days hence, Wednesday, September 05, 2012, writing these words to you.  Spot gold crossed 1698 tonight, according to kitco.com, about $76 higher, or 4.6% higher in those 38 days.  More to follow?

Postscript 5:31 AM, Thursday, September 06, 2012:  overnight, gold futures came within a dime of 1715.....

COT

No QE3 until after Nov. 6 now....

Thoughtful analysis by Gary Dortsch. 

Sideways markets in spite of Iran, Syria, Europe, et al?

Gold (still) chops....

Gold still chops, but commercials get "less short" -- is a breakout forthcoming in the fall (when gold is seasonally bullish)?;

39.10	1623.60	7/27/12	136,245
-4.80	1584.50	7/20/12	158,819
1.70	1589.30	7/13/12	152,766
-12.90	1587.60	7/6/12	166,637
27.80	1600.50	6/29/12	144,160

Stay tuned...

Gold chops

"Look for higher prices" we proclaimed in our last post, using Option Wizard® Trading Method Gold as our guide, i.e. COT net short (commercials)..

Mea culpa.  We ekked out a higher price, yes, but the real action was chop.

6/29/12	1600.50	27.80	144,160
6/22/12	1572.70	-54.80	163,691
6/15/12	1627.50	32.70	158,790
6/8/12	1594.80	-26.90	156,122
6/1/12	1621.70	48.70	130,709

Prices tend to move higher in the fall season;  perhaps we have another 60 days of "chop" to go here before the stalemate is broken.  The deflationists, however, it should be pointed out, are predicting lower prices.  Just as vehemently, the gold bulls are talking higher.  Hence, the "chop" goes on.....