I’ve covered a portion of my BAC short from Friday. I’ve bought back 450 shares at 16.27. You can read the original post that began this trade here. Sharp moves like we see this morning are usually great opportunities to adjust a percentage hedge to either make a profit, or place the hedge in a […]
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In response to my email to subscribers yesterday, and my SPAC post, I received some excellent emails with thoughtful comments and questions. Thank you, you guys are awesome! One of the questions, which I get asked often, is whether you have to be a day trader to trade warrants. The answer is absolutely not. I’ve […]
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I’ve discussed two different trades that can be done in a rights offering or warrant expiration. The first and second trades, that I talk about in my eBook as well as in this post, are to be short going into an expiration and then long at the time of the expiration. But there is another […]
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I’ve seen a few stock message boards lately where investors are confused, and often upset, about “rights” showing up in their brokerage accounts. The upset part is often related to fact that the stock they own in the underlying company is going down. The storyline goes something like this. Day One, 30 days until rights […]
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A few people have been asking about my trading career, where I learned to trade, what I’ve traded, etc. Here is an article I wrote for another website that details my first day on the job, and gives a little insight into a Wall Street trading desk. Throughout my trading career I’ve tried to take […]
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