| Last week, I heard a stock market pundit say that nobody he knows is makin... "In and Out" Beats "Buy and Hold" By Jim Pearce | | | Last week, I heard a stock market pundit say that nobody he knows is making money in this market. "Everything except energy is down this year," he correctly pointed out, "and everybody owns too much tech to offset those losses with gains from oil companies." I chuckled when I heard that. Over the previous two months, I closed out short-term trading positions with gains of 59.6%, 307.9%, 781.3%, 505.1%, and 169.4%. Their average holding period was less than a month. To be fair, all of those trades involved put options that increase in value when the price of the underlying security goes down. I believed that retail stocks would take a shellacking when they released their first-quarter results in May so I recommended buying put options on several of them. | |
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