“Don’t confuse brains with a bull market” is one of the best Wall Street quotes. And it works out well for me because of a lack of intelligence – tho worked out well somehow. My individual positions are doing very well the last 3 days. Why? Hard work, preparation, stepping into reactions, but mainly the overall stock market bull. In the video I discussed covering my TLT December puts, which was discussed in premarket Wednesday. For a few weeks I kept repeating that “below 122.50 TLT would be the place to cover puts/shorts”. I somehow bought the puts into the 9 month rally high day – 9/7. BTW, for some reason I was saying 10/7 in the video (while pointing to 9/7, brilliant). Also talked about the NUGT buy 28.48 today, AMD buy 11.44 today (on Wednesday in premarket “watch AMD below 11.80”). Those two entry fills today. AMD, wanted to discuss the potential bigger distribution going on, forgot. Also discussed is my positions in MZOR, IMMU, OSTK, DRYS – all these discussed in yesterday’s video also. Also discussed is my IMGN position. In our 10/23 premarket comments we said the opportunity for a long position in IMGN is “below 5.10”. Hopefully I wasn’t the only one who did that trade, the low was 5.06 on 10/25. Discussion about gold, Yen, ABBV, INTC, XLNX.
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Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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