Protecting Myself from Barney Frank

Modern-day trading is all about DATA. How to capture it, how to manipulate it, and how to visualize it, all to gain better insights and direction. Now, as a trained economist, I’m really good at the first two. I can take statistics and make them say whatever I want, just with the best of them. 😂 I’m not so great at the “visualization” aspect of it though, but that’s OK, because you can find a TON of great visualizations on the internet to help you understand the macro part of investing. Perhaps the events of the past two weeks offer some of the best examples of this. Here’s what I mean… By now, you’ve probably heard that Silicon Valley Bank (SVB) was the second largest bank failure in history. But (as this amazing graphic by Pranshu Maheshwari that I found on LinkedIn shows)...we had all better pray that this does not mark the start of a larger contagion, similar to what was witnessed during the Great Financial Crisis. Folks, if you didn’t already know, Barney Frank sat on the board of directors at SVB. That’s right…the same politician whose housing policies helped bring our country to its knees during the great financial crisis may be at the center of yet another great economic collapse if the market does not hold itself together in the coming weeks. With the once mighty Credit Suisse now on the precipice, I am playing things pretty safe. Look, this latest cycle of bank failures is a combination of poor leadership (at the company level) and government regulators being asleep at the wheel YET AGAIN! After 20+ years of trading in what can no longer be called a free market, I am basically numb to all this stupidity. And by that, I mean that I don’t waste a breath worrying about which strategy to use to stay alive in this market. I go right to the one strategy that I know, statistically, has a high probability of success. It’s also the strategy that I know allows my PnL to benefit from the passage of time. That’s right, unlike buying options, [my options selling strategy]( LOVES time decay. And the best part? The spread strategy I use is the easiest multi-leg strategy to learn, because you are simply buying and selling options with the SAME EXPIRATION. Here’s an example from a recent LIVE lesson I held for members of my [Wall St. Bookie service](. As you probably know, Cathie Wood’s ARKK is a perennial favorite short play of mine. Quite simply, I hate this dogmeat stock. So last week I showed this example of how to get paid a credit (not pay a debit like you do when you buy options) by selling a “call spread.” Note: While this strategy has worked out well with the stock staying below the breakeven price of $41.23 the entire time, I should reiterate that this was just a tutorial, and not an actual trade idea. For right now, just focus on the fact that, in this example, I sold one call with a higher premium (the Mar 17 $41 Call for a $0.62 premium/credit) and bought one call (the Mar 17 $42 call for $0.39 debit), both with the same expiration (Mar 17) to create a net credit ($0.23) that you collect once you place the trade.  Since I was a net seller in this example, all the stock needed to do is stay below the breakeven price of $41.23 [Price of the sold Call ($41) + Credit Received ($0.23) through expiration], which it has done so far. Remember, “theta” is decaying with each passing day, making the option worth less – this is your “rent” that you collect as the option seller. Isn’t that a nice change from being a net buyer of options, where the value of your trade shrinks to NOTHING if the darn stock does not move fast enough? If this doesn’t make perfect sense, don’t worry. Just make sure you attend one of my upcoming training sessions to answer all your questions and see how I put trades like this into practice in real life. Look, building your trading into a lasting endeavor is pretty easy: - You must treat trading like a businesses, not a hobby - Gain access to 100% pre-alerted, high-probability, high-conviction trades ideas with automatically-triggered exits using a range of options trading strategies - Learn how to strategically use “theta” (time decay) to benefit your positions over time - NEVER get into a habit of overtrading – Eliminate excessive risk These 4 CRITICAL rules, along with my trading commandments, are what lies at the core of RagingBull’s PREMIER service – Wall St. Bookie. Folks, selling SIMPLE options spreads like this is exactly the high probability strategy behind [Wall St. Bookie’s]( success. As another great learning example, here is a list of every single trade I’ve completed with “Bookie” members so far this year: I want you to see this because it is how trading should look in real life. There are winners, and there are losers. It is how we manage both sides that determine if you are going to do your job as a trader. If you’re trading and not making money, then why are you doing this? This should be the only thing that matters to you. When it comes to my personal trading, I have had enough of the wild swings with the portfolio making huge gains or losses. What I strive for is to be able to look at the portfolio and see that it went up each month. If it doesn’t, then quite simply, I failed. I need to go back and review where I went wrong, and then try to make it right. This is exactly what I am teaching my members day after day with every trade I make, from start to finish. No gimmicks or games, just real-world trading This is what I do every day with [Wall Street Bookie](. I’d love to teach you how I identify the right stocks to target and then how I set up these great trades each week. I’ve actually begun to teach my high school son how to do this as well (we had our first training session Tuesday, I hope you were able to attend!).  It’s all part of a weekly live session where Bookie members can join in to help teach him from ground zero. Right now, I am giving a [discounted offer]( for YOU to take advantage of this service and become a Bookie with us. This is a [SPECIAL OFFER]( we are extending for you to become a part of the HUGELY popular Wall Street Bookie service. This is my most advanced options trading program ever! Look, I can talk about this stuff ALL day…but I need to go get my [Wall Street Bookie]( members ready for the AMAZING opportunities that are likely going to start developing this week. So…before you miss the next opportunity… [>> Claim your 33% DISCOUNT on Wall Street Bookie NOW before it’s too late! <<]( To YOUR success! P.S. Questions about upgrading to “Wall Street Bookie” or payment plan options?  Just call ([800-585-4488](tel:/+18005854488)) or email Jeff Brown ([jbrown@ragingbull.com](mailto:/jbrown@ragingbull.com)) and we will get you taken care of! RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 [Manage your email subscriptions.]( DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. 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