Phil- I would like to echo the sentiments of dclark41. Joining this site was the best thing I have ever done to aid my growth as a trader/investor. There are so many smart and experienced people here sharing their ideas that regardless what your investing style is you will learn something daily. Thank you and all the regular contributors for your generosity.

Thanks Phil for all you do. I feel like I dont read all the newsprint because when I check in with you I know I get the real scoop. Your service is number Uno in my book for all the knowledge and teaching. I ignored the aapl spin and am now enjoying some rewards. Every AM I get my Phil fix and throughout the day any important links. Mucho gracias. It leaves me time for my volunteer work besides the investing.

I have followed along with your commentary and alerts and have been flabbergasted at your quick analytical skills and your journalistic skills to explain it clearly. In a little over three weeks I have cleared almost 1000.00 dollars and got an intensive education at the same time. I would like to immediately upgrade my membership.

Phil great calls this past week, esp. friday and monday. in the old days I would have let Prechter et al scare me into trimming my longs and going short at just the wrong time. your feel for the markets is Tiger-esque. CHK, HOV, BX, TLT and XLF are big winners for me today. My biggest up day in a long time. Thanks!

Phil, Ive got to give you props on the ICE spread play. Tremendous call! I jumped in on Friday when you made the recommendation and closed out today. Nice 57% return ($2,300) over a mere 3 trading days! This is why I dig your site!

Phil/Eric/Cwan/Matt/Cap/etc.. – Ive learned so much from all of you and want to thank you. Im up 23% this month thanks to all of your advice – Thanks, guys!

Phil/ I hope the next 5 year bear market will be as much fun and as profitable as this 5 year bull market. For those who survived 2008/2009, and who imbibed the wisdom of PSW, what a time it has been. Good to have you by my side. I think you are selling yourself short you need to triple your prices 🙂

Phil gotta thank you for your advice this week, and especially today. I took many aspects of your advice this morning, with all of my shorts — being prepared on the short side, selling into intial excitement, taking the money and running, not being greedy. I also made money on the your /QM and /YM calls. It used to be I would be terrified of weeks like this one. Now, it feels somewhat comfortable, for want of a better word.

Very nice in and out on those USO puts again, easy way to get the subscription covered in just a couple of hours. Thanks again Phil and everyone here contributing to such intelligent and informative discussion! I have wasted countless hours reading professional newsletters and message board blather over the years. Have learned a great deal here in a very short time. I have sent out a number of invites to friends and family for stockworld!

Phil: well, often you say, just for FUN, great comment, TXS, closed 2 SKF positions, one with 10 % , the other with 6 % gain,

Thanks for the USO mention, Phil, 140% on my USO lottery ticket in 12 hours, and no hesitation in taking the money and running you have trained us well. Sometimes its teaching, but with this kind of stuff, where you get whipped like a dog if you let 250% profit melt away, its definitely training. Happy Fourth!!!

All I can say is I understand that the Universe sent me to PSW for a reason. So, Im listening!! and studying. Your commentary is literally outstanding. and your members are impressive as well.

I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable. Phil does not baby people and certainly cant make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions. Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.

Phil: I loaded up big time yesterday on your suggestion of the AMZN September 75 naked puts. They are up 43%!

Phil, 3 for 3! Sold on initial excitement and made a double on USO, 70% on AMZN and 70% on SPY options from Friday. Thanks and much appreciated for the suggestions.

Phil – Im with you just little bit longer than a month and you can not imagine how happy I am now, and not just because my P/L improved ( and Im sure that it will be even better), but I found that the worst thing in traders carrier is a LONELINESS. Here I found so many bright good guys, I looked for this service for years. THANK YOU AND TAKE GOOD CARE OF YOURSELF BECAUSE I PLAN TO STAY HERE AND RIDE THIS CREASY MARKET WITH YOU FOR ANOTHER 20-30 YEARS

Phil/Everyone here/Thank you – What everyone here with their insightful comments (including yourself) has helped me with is that Im greatly increasing my ability to trade more psychologically neutral, although Ive got a ways to go. Two years ago Id wake up early and my heart would race if futures werent pointing exactly how I wanted Ive noticed an exponential leap in my discipline skills especially over this past two weeks. The old me would have ran with that trade for profits without even asking. Now I know that there are ALWAYS more trades and that I have PLENTY of options to turn a bad trade even. Also, its more logical and less emotionally draining which lets me focus my faculties on my wife, college, my job, and studying for the ol Series 7. Would it be safe to say that one of the most important skills to develop is the ability to adjust? Id love to get to the point where I can look at a bracket and know, for example, what I need to sell for cover in what month in order to get my desired results. Both COF and my past DMM venture have been excellent learning experiences. Thanks, everyone. I look forward to further lessons.

BTW Phil, I wanted to relate a conversation I had with my business partner yesterday. I told him that I have been much more relaxed about my investments ever since I joined your site. Its funny how a 15-20% cushion does to your nerves. My returns have increased dramatically and my risk diminished. Many thanks for the guidance and patience. Good thing I am doing better financially as you might have increased my life expectancy as well!

I want to thank you for the FREE LL trade. I This was the first spread trade for me and promised to join your service if I made money. I closed the spread last week and will be joining next week when we return home.

What a great post today, Phil. A veritable feast of ideas! Ive been reading your posts for years and have modeled my whole trading style after yours. You should be taking 2 and 20 off of me at this point ????

I would like to thank Phil and PSW crew for the insight and assistance (even the liberals). In December I initiated long stock positions buying stock, writing calls and puts in AAPL, WFR and CHK (scaling in and out). Over the last week I have been trimming back my positions selling stock and taking out my callers and putters. I am now back to my initial 25% position that I started with in December. However this time, my cost basis on shares AAPL, WFR, and CHK is $0! With money to spare from those positions.

Phil – DIA 107 Calls. As suggested I am taking the money and running to home depot for some shelter supplies! This is the grand finale of several successful trades from you through this roller-coster and as you have further suggested it is time for me to sit back and relax in cash. May even be able to talk my wife into the premium membership after these intelligent trades in a stupid market.

Phil, thank you for the thorough response(s). I joined this group last week to take my education to the next level. the school i am involved with very good at calling out levels but very little live trading and little help in managing a position going against you. I like the combo of knowing where the major levels are coupled with your approach to getting in. learned a lot this week. thank you!

Hi Mr. Phill, I am a Venezuelan lady tormented by our politicall situation, who use to be an emerging market trader, and many other executive positins in the finance arena and now is trying to built a new concept and service for asset management for clients on my own, I am in the trial and learning process at the moment, I also invest for some friends and myself. I want to congratulate you , because reading you fill my days with a touch of irony (besides ,of course the spectacular market insight) that happens to give me energy, its a joy the remarks and comments even the pictures used, sometimes I just read it for the fun, I completily agree with your thouhts, though we belong to totally different cultures and enviorements and certanly realities Your readings is like a little hand helping me out to be in the market and fight for my devastated country where every single day we looe inches and yards of liberty. You shoul try to writte a book!

Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, youve been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your buy oil if youre braverecommendation. Its nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!

Phil I wanted to tell you how much of a privilege it is to learn from your every day. You are a shining beacon in the life of so many investors. You have assembled probably the best group of people in the history of financial blogging and you, yourself have done more to help investors in the last 6 months than all previous financial advisors combined.

I have to thank you for excelling yourself during this past week. I have spent a good few hours going over your notes and comments and there are so many gems on repairing and rolling trades that I have been beavering away on paying special attention to my major positions and analysing them using your approach on Tuesday. Being able to look at a group of trades on the same underlying (in this case AAPL) and taking a detached view by assessing the impact of the underlying reaching different price points was extremely reassuring.

PSW AC Conf: For those who may be on the bubble, I attended my first PSW LV in November. It was a real eye-opener. What I accomplished in a couple of days of exposure to Phil, Pharm, Craig, et al made my previous couple of years of hanging around the web site seem silly. If you are inclined in the slightest, you really should go. Just rubbing shoulders with other PSW members proved to be really valuable. Strictly on the basis of value, its a great deal. You will have real time conversations with Phil and the gang and they will get to your questions and agenda items.

Phil, did you by chance publish the weekly webinar on Youtube yet? I have been watching these and they are awesome. Unfortunately, I cant cut out of work to attend live webinars. Again, they are just awesome content thank you.

Hey Phil I ignored your call to sell those AAPL $580s for $1 so not sure whether to thank you or not (just kidding) for my $5 winner. Actually I want to thank you from the bottom of my heart, that was an uncanny call.

Profit from our experience! Subscribe Today! Learn more about all of the benefits of membership. Well teach you all of the sophisticated stock and power options trading techniques and secrets!

$2,093,568 to be exact in our primary portfolios, the paired Long-Term Portrfolio(LTP)and the Short-Term Portfolio(STP)whose job is to protect it. Its really nothing to crow about as were actuallyDOWN $40,487since our June Review(through mid-May)though these numbers are only through mid June and the month finished with quite a bang. We close our months on option expiration day, of course, so we wont really know how the first half went until after July 19th and, by the time I consolidate that into a review it will be August and it would sound silly to call that a mid-year review so thats why Im calling this one a mid-year review.

While semantics are fun, lets get back to talking about tradingstrategies: Our intention over the summer was to lock down our portfolios in neutral as $2.1M is up from our Jan, 2018 start with $500,000 in our LTPand $100,000 in the STP so, overall, were up $1.5M (250%) in 18 months and, with China Trade still up in the air, Id rather protect my $1.5M in gains than risk them trying to make another $150,000 (10%). Thats one of the problems you have as you make more and more money you spend a lot more time protecting your wealth, rather than concentrating on making more wealth.

Thats why welike to have multiple virtual portfolios at PSW. The LTP/STP is where we keep the bulk of our investing capital and they follow a strategy that is constantly hedging to protect what we started with. Nonetheless, they can still make spectacular gains but this cycle we have a very odd situation in which we have usually guessed correctly when we have added and removed hedges in the STP, causing an unusual $600,000 gain in a portfolio that usually loses money while the LTP gains.

Its been a very unusual market with lots of dips and recoveries and that kind of suits our trading style perfectly as we tend to scale into positions, buying small, conservative spreads to begin and adding more and widening the spread on dips. Another strategy we use is rolling our profits and the leads to a lot of our big gains. For

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Phil: I cleaned up today. A rather stark contrast to my untutored performance April/May 2009, after I had written to you to explain how wrong-headed your bearishness was. Many thanks. I ran into someone once who played on the Bulls with Jordan for quite a few years. He was asked what he had learned from playing with MJ for so long. He smiled and said Give him the ball.

Blessings, ALL: So we have completed two months of 2015. So far it has been a good ride with my PSW all short put portfolio showing a 15.73% gain with $83K in profits harvested in 2015.

TBT – Many thanks, Phil. I join you in your opinion favoring the Jan expirations. Thats a great play. I can never thank you enough for what I have gained educationally as well as monitarily. Here it is late Sunday evening and I am able to get world class advice, just by asking for it. I feel like I am staying in a 5 star hotel, and room service is just a telephone call away!

Its been a perfect month. Every stock I wrote calls against looks like it will be called away next week, every put I wrote will expire worthless. Thanks Phil, now I need some new buy/write candidates, or the new 100K portfolio.

PSW AC Conf: For those who may be on the bubble, I attended my first PSW LV in November. It was a real eye-opener. What I accomplished in a couple of days of exposure to Phil, Pharm, Craig, et al made my previous couple of years of hanging around the web site seem silly. If you are inclined in the slightest, you really should go. Just rubbing shoulders with other PSW members proved to be really valuable. Strictly on the basis of value, its a great deal. You will have real time conversations with Phil and the gang and they will get to your questions and agenda items.

I enjoy your informative materials, Phil… as it is obviously beneficial to so many styles of trading the markets… long term, swing or day trading the market moves. As a longer term trader, I really like you long term calls, as I for one recognize the difficulty of calling these, because the further out you go in time, projecting price movement becomes more difficult. I have to congratulate you for your accuracy… You called the March 2009 market upward reversal almost to the day, and the AAPL reversal to THE day. Only one who has been a student of the economy and the markets over a period of time could have done this, and so many other accurate calls. Im sure it was difficult and consistent work, but it did pay off… thanks from one who benefited big time !

Hello Phil, Thanks for the heads up on the comming sell off on friday, and the bs job yesterday. your our guiding light!

Phil – Wowwow. The vision and inate grasp of the options world you posess is rather staggering. Its this type of experience that I really hope to develop. Im afraid I still cant see the moves, but I WILL learn. I cannot thank you enough for the patience, knowledge and effort you put into this place. Please keep it going!

I have been a member for over six years and I still learn something new every day. This site gives you the skills to trade without having to be spoon fed. More importantly it teaches you about risk which is WAY more important than profit. Honestly, it is not a get rich quick scheme!

Best day ever trading the futures, thanks to Phils excellent call this am, and his play the laggard instruction. Well done Phil!

I have been here a year, and made most of my money back from the 14K fall. The people here are more than willing to help whe Phil cannot get to it. FWIW – This site is my brokerage firm, I was with Wells Fargo Portfolio and it was costing a fortune to trade, the costs here are more than offset with the data, trade ideas and profits you should make.. and I get a chuckle out of Cap and Phils rantings on healtcare, guns, oh, yeah, and government.

Phil, 26% on the week for the 20% I day-trade, and since drinking the kool-aid last fall, the whole portfolio has doubled. Have a great weekend !!

What a great post today, Phil. A veritable feast of ideas! Ive been reading your posts for years and have modeled my whole trading style after yours. You should be taking 2 and 20 off of me at this point ????

GLD I took out my callers and rolled down my longs this morning, woo hoo!

Phil Killed it tonight trading copper. Anyone who jumped in right after election is up about 75k on one contract! Thanks

Why were the analysts wrong? If I were a Japanese investor who purchased US stocks prior to November at Y80 yen to the dollar, with the US market up an average of 15% or more and upon selling the asset I covert dollars to Yen, also realizing an additional 25% gain (one dollar now converts to 100+ Yen rather than the 80 I used at time of purchase), I think I would be unloading US assets also. But analysts never do the math in their articles nor very rarely bring up or discuss the ramifications of currency fluctuations. I dont include Phil in this group as this is a valuable lesson I am learning from him.

Ive been trading/investing since the early 80s (my dad started me out young). Ive had seven figure accounts (in the past) and Ive done lots of trading, so I can say that Im a well seasoned investor. Phil is the real deal. His trades make sense and his strategy is sound. He sees things that others miss and hes one of the best at finding price anomalies. When he makes a mistake, he has an exit strategy already planned. He hedges very well and he has an instict which tells him to go to cash or to be all in.

My watch list looks like a grid where Phils recommendations went UP and everything else went DOWN! It looked something like an ad for Philstockworld. I am half in cash, followed the recommendations (AAPL TASR YHOO) on a 20K portfolio and still up 1% for the day. Thanks!

I subscribed to Phils Stock World full service for a year or so and found that it was extremely helpful. Now I just get the Stock World Weekly summary, which I find invaluable. Phil does not baby people and certainly cant make someone into a successful stock operator who does not make the effort on their own behalf, but he is extremely generous with his time in answering newbie questions. Although I found it difficult to follow and implement all his trades in real time, what I did find was that once you got the hang of his methodology and way of thinking, you could work out your own trades and be quite successful. Even just using his patent Rule Number One* alone is worth its weight in gold. Rule Number Two is even better.

Phil- great call in oil this morning! Now that Im no longer studying and am back in the real world I can only check this in the morning, at lunch, and after work. Anyways, youve been killing it on oil ( even more than you usually do) so I made a point to wake up extra early and made .25 off your buy oil if youre braverecommendation. Its nice to wake up and scalp 100+ bucks before I even start my real job. You lay those golden eggs everyday Phil! I thank you for that!

I love it when a trade really comes together. After 4 DDs and a roll, I cashed out 16 times my initial position in TLT today for a 140% gain. Thank you Phil for the lessons in scaling in, and paying for position.

Brilliant covering of the arcane, the profane , but never the mundane! Easy to understand the reason for your huge following, Phil, and why you have become a must read on my daily agenda. Please accept my complete appreciation.

Newer member here, but just wanted to say thank you too. Ive learned so much and I hope youll be around for a long time helping us learn along the way.

Phil, I have the SRS 2011 $7.50 short puts you recommended awhile back. I sold them for $2.20 and now $1.51 (up 31%) although SRS has been down since inception. This was a nice mellow way to play it like you said, thanks.

New member/1st time posting: Thanks Phil and Pharm for the rec on TOS. Ive emailed Scott to get myself setup so I hope to hear back soon. As a newbie on PSW for a month now, Ive been readin and readin and readin. Gonna start paper-trading for a while. See how I do before putting a single dime into it. New at options but seems like this is the best training and educational platform out there. Im a long-time mortgage broker who got too involved with real estate investing. LOVED your article, Phil, on mortgage interest scams. Right on!! Let me know if and how I can contribute back to the community here. Cheers! – Mark

Thank you Phil we appreciate all the work you put in to teach us valuable lessons about investing.

PSW Price/Value; The value of PSW on a regular basis exceeds by far the price of the annual subscription. The edition of February 26 Which Way Wednesday Popping or Topping?, priceless for the serious investor.

Phil – Your logic not only makes sense, but it made a lot of premium profit for me over the past 12 months. I have recovered much of the massive equity losses of last year. My Monday play is the sale of long term puts on FXI. Love the premium!

That was a quick double on the DIA calls. trailing stop in place.

A truly great website with a lot of information for investors. Whether you are a novice, seasoned, or a professional there is a lot to be gained about stock options and options trading from this very informative website.

Amazon has redefined retail over the last 25 years.

Courtesy ofVenkatesh Shankar,Texas A&M University

A quarter of a century ago, on July 5, 1994, a company, which shared a name with the worlds largest river, was incorporated. It sold books to customers who got to its website througha dial-up modem.

It wasnt the first bookstore to sell online. m launched in 1992.) But it behaved like a local store, whose shopkeeper knew customers by name a bell even rang in the companys Seattle headquartersevery time an order was placed.

Amazons founder, Jeff Bezos, set his sights on making it an everything store. The company would go on to become not just an everything store, but an everything company.

Today, 25 years later, Amazon has reshaped retailing permanently. It is one of the top three most valuable companies in the world, with a market capitalization hovering around US$1 trillion,greater than the GDP of nearly 200 countries.

If you had bought $100 worth of its IPO shares in 1997, it would be worth about $120,000 today.

Amazon continually took shopping convenience to newer levels.

Before 1994, shoppers had to travel to stores to discover and buy things. Shopping used to be hard work wandering down multiple aisles in search of a desired item, dealing with crying and nagging kids, and waiting in long checkout lines. Today, stores try to reach out to shoppers anywhere, anytime and through multiple channels and devices.

After first experiencing two-day free shipping from Amazons Prime membership program, shoppers started expecting no less from every online retailer. About 100 million shoppers worldwidehave Amazon Prime.

The company made shopping more convenient through features likeone-click ordering; personalized recommendations;package pickup at Amazon hubs and lockers; ordering productswith the single touch of a Dash button; andin-home delivery with Amazon Key.

Posted inAppears on main pageImmediately available to public

Its only a holiday for the US tomorrow but so may people take vacations this week and the people not on vacation are planning parties and such and no one is in the mood to work so very little goes on. Even as I go through the news I find a lot fewer articles being published writers take time off as well. So no one is making news and no one is reporting news and Trump is distracted by his parade lets just sit back and enjoy the quiet…

I didnt find a chart for a Thursday July 4th but thats probably just a flatline into the weekend this is usually the week I take my family on vacation but my girls are getting older and have plans with friends and well do a family thing next month (when its less convenient for me). Anyone whos been a boss knows this week is second only to Christmas in not getting anything accomplished but there is a Non-Farm Payroll Report on Friday, for some reason, so we cant completely ignore the markets.

The Futures are up a bit this morning as Europe has nominated the IMFs Christine Lagarde to replace Draghi at the ECB. I dont think Lagarde is going to be quite the dove they think she will be as shes been quick to lend money to struggling nations but does not sit on the lap of Goldman Sachs, as Draghi did (his previous employer). A truly independend ECB would be a great thing but not so much for the markets.

Meanwhile, my theme of the week is gathering steam as now82% of the companies pre-announcing earnings revisions are guiding downand Analysts have now downgraded the most stocks since June of 2017, though thats not really something to worry about since 2017 was a great year where we barely dipped. Its the fact that were getting worse and worse that should be a concern, not the comparison.

In June, 116 more companies had their earnings forecasts cut by analysts than raises thats 20% of the S&P 500.There is some sagging in

I went through Zillowsconsumer housing trends report 2018and pulled out some of the most interesting data points broken down by renters, buyers, sellers, and homeowners.

Seventy-eight percent of renters who move from one rental to another experience a rent increase prior to their move

Forty-seven percent of renters call the suburbs home while 40 percent live in an urban area and 13 percent live in a rural area

Millennials, those between the ages of 24 and 38, comprise 42 percent of the nations home buyers

Just over half (52 percent) of buyers put down less than 20 percent on their home.

At 31 percent, Millennials those ages 24 to 38 are the largest group of sellers.

The vast majority (85 percent) of sellers work with agents

Home equity remains the biggest financial asset for the typical American homeowner, who has 52 percent of their wealth tied up there.

Nearly half (45 percent) of homeowners still live in the first home they purchased

60% of first-time home buyers put down less than 20%.

67% of first-time buyers and 50% of repeat buyers had to make sacrifices. Assuming you have some sort of fixed budget, youre not g