Things are getting worse Last month on this blog I warned the sell off in the stock market was likely going to get worse as the economy slows down. There’s a time and place to buy the dip. Now isn’t it. 😅 Inflation in the US came in hotter than expected on Friday, and over the last 24… Read More »
Stock Market Sell-Off Likely to Continue The S&P 500 is down about 18% year to date. Are we at the bottom of this market correction? Unfortunately the signs are pointing to no. Every week we seem to get more bad news. Just today Snapchat who reported earnings only a month ago says they will be missing projected financial… Read More »
April options trading update I didn’t think I would be so busy with options in April. But I saw some opportunities I just couldn’t pass up, which included a decent gain ($3k) from Netflix. 🙂 It’s officially been 1 entire year since I started trading options. I’ve learned a lot over that time. And fortunately I got… Read More »
We’ve been here before One year ago no analyst could have predicted oil would surpass $120 a barrel. Yet here we are. No one saw oil futures going into negative territory in 2020, yet that happened as well. In 1979 there was even a call for the end of the stock market, lol. I guess that magazine… Read More »
What I’m watching right now Have a look at this chart. It’s the latest data from CREA showing that homes across Canada have increased in price by 28% year over year. 😮 Sweet baby cheez-its! That’s very surprising for home owners, and scary for renters. Even if a renter doesn’t plan to buy a home any time soon,… Read More »
January options trading update I earned $1892 in net premiums last month. It was an incredible time to be an options trader. 🙂 When stock markets are volatile, option premiums increase. This translates into more income for option sellers. The majority of my trades are selling options, which takes advantage of time decay. And the burn rate… Read More »