Was asked about my latest EZ money trade. This is a first any interest was ever shown in them. Guess the choppy market had something to do with that.. But EZ was probably the wrong term for the majority.. This is not like buying oil 2 years ago or long the dollar, utilities, consumer products and hi yield back whenever, which I still hold some of all with dividend underlies only, most of those have turned into a traders theme too. .this one is an options play. It does require some maintenance.
One thing I never reveal is how I stack my option plays plus many don't play in the options arena. ..... There are a few mutual funds that try to do the same but they have little downside protection. Plus the dividend they return is usually less than 12% annualized.
About a year ago I mentioned I was bullish the dollar a couple times. Never said anything about exits. This morning I took a pile home.. Currency cycles can be a bit hard to nail down. With the Fed next week I said take most of it. So looking back at what this did the past year, I have no issue cashing in most of it and letting the kids swing the spooz with the extra cash.. Plus the less I have to track the next 5-6 months the better. The balance has a euro trade against it. The dollar might go into a traders theme soon but I'm not as secure on this thought as I was regarding the spooz traders only call in late Dec and again in mid Jan.
Last summer I bought corn about the same time I got bullish on the dollar but never said a word, thought it'd be a waste of my time... If you look at what the dollar and corn has done since last summer, plus other trades I've mentioned it should be easy to see why I work on finding them. With the work involved to set them is partially why I've become reluctant to give everything away when no one else has any input or even any feedback..
In early April I PMd what could make a low in a couple weeks. Think that thought was timely and I'm no longer short that issue. Might take up a month to set the hook.
FWIW some of these L/T EZ money trades could disappear for a while. Sometimes they only last a couple months, other times for a year or more. .
I had removed the post about PMs not working well. Should have left it up. I'll get a batch, a week later I'll check in and have too much to sort thru.. I know my nephew cut off those that were working with him, but my input will be limited for several months.
Still willing to hand this site over to someone else.
A fool could teach a wise man. A wise man can't teach a fool.
