1. Pursuant to Nick’s advice I bought Sept 2020 McDonalds (MCD) Calls. I’m up over 40 percent in less than 2 days. Now’s the hard part. Take the profit and wait for a pullback and then go back in or let it ride.
2. Nick had a nice profit in Rio Tinto (RIO). A small gain was taken and he’s cashed out half his position and is holding on for the next advance. Remember as they said in The Hustler, all gamblers die broke. Every time you sit down at the casino the house has the edge, but with Nick’s system you’re working from an advantage position. When in doubt do nothing.
3. Nick doesn’t see the market trend changing right now. Money is moving into financials, retail and energy. You have to look at the entire picture. Nick reviews 500 stocks per day and has just 5 trades. Many sectors Nich has been following have been going higher.