Take advantage Phil's weekly trading webinars. They're filled with timely trade ideas, invaluable lessons, and real-time examples that will help you choose the best entries for both day trades and investments. Further, the trading examples will help you manage your positions, learn when to take profits, and how to minimize losses when a trade goes against you.
PhilStockWorld.com Weekly Webinar – 03-24-16
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Topics
00:02:15: Review the futures/indexes
00:06:30: Oil talk
00:07:30: Identifying a stock's value and finding good trades – IBM example.
00:10:15: Secret to success: wait for stocks to come to your price, wait for the right setup.
00:16:00: Understand the company before you buy the stock. Buying a stock because you hear a good story – crazy!
00:17:20: Buy when cheap. Don't follow the crowd, know what your stock is worth. Price is not value.
00:19:30: What AAPL and IBM are worth.
00:20:30: IBM and natural gas (UNG) competed for trade of the year.
00:28:30: /ES (S&P futures). Finding a "fresh horse." S&P is the most realistic index. Hard to manipulate.
00:39:15: TLT chart and trade.
00:43:30: Don't pay premium.
00:44:00: /NGN6 (natural gas futures).
00:49:30: Australia LNG
00:51:00: Long on natural gas and example of using discipline to wait for a fair price. How to plan to buy lower if price moves lower, how to average in at lower prices. Start moving into a position by using small positions.
00:56:30: Looking at silver, buying silver.
00:58:30: Buying the Russell as it's lagging the other indexes.
00:59:15: Silver
01:04:00: Rejections, pullbacks, exit points.
01:09:00: TLT. England leaving the EU. Euro down, US Dollar up.
01:10:00: Reviewing open future trades.
01:16:10: Chevron. Natural gas is way too cheap. LNG, UNG.
01:20:45: Reviewing open trades: Russell, silver, Nasdaq and natural gas (a long term trade).
01:22:05: Review the Weekly Petroleum Status Report. Discussion of oil and gasoline, and supply, demand, and prices. Crack spread (oil to gasoline).
01:30:30: Valero (VLO) – a little ahead of itself based on crack spread.
01:32:00: Portfolio reviews.
01:33:00: Long term portfolio. GTAT wiped out equity holders.
01:34:00: UNG, still cheap.
01:34:30: Rolling positions.
01:35:30: AAPL.
01:35:50: Oil. Dropped and brought down the indexes.
01:37:00: You have to be fast on the futures (e.g. Nasdaq).
01:38:00: Reviewing open trades and the indexes.
01:39:30: Nothing bullish about that oil report. Facts changed. Oil now dragging the market down.
01:40:30: Demonstration of a short term futures trade: Playing for a market bounce. Going long, watching lines. It's important to abandon the play when it doesn't work! Quickly.
01:47:00: Oil: Not bullish around $40, which is near the top of the range.
01:51:00: Effect of Dollar on oil prices. The supply of oil is still too high. Demand is not going up. That's where we stand.
