Daniel Bustamante | Coach
So here we are two weeks after we had not one, but two CNBC Markets in Turmoil Specials. You have to love the financial media - they love to put on a show.
The question you should be asking yourself is what did you end up buying during the sell off? If you're like most investors the answer is probably nothing. You'll wait for a few more days of stocks rallying then think "hey this is green maybe it's a good time to buy it" - Wrong.
Sure your 401K and retirement accounts look better today than they did 10 days ago but did you really learn anything from these recent events?
The post I wrote just 10 days ago gave insights to my buy list.
Square was one of the better buys and you missed it.
Odds are the volatility will die back down a little here but we will set up another few red days likely in the next 2-4 days, maybe we'll get another markets in turmoil? Fingers crossed.
In other news TLRY woke up from it's slumber yesterday and I realized the stock had options you could trade on it. With implied volatility on them at +200% it makes for some great premium selling opportunity.
Again some of you are going to want to know 'why' the stock is up. You're going to read news articles written by a journalist who is just getting out their daily required quota and then you'll do whatever you can to make what they say fit your investing thesis. Why is it up? Who cares. The price chart tells you now that you can probably short it or if you understand what I said above start selling insurance on the stock.