This has nothing — and everything — to do with trading

Special Weekend Edition

If you want to start reading books as if you’re having a conversation with the author, the biggest help I’ve had learning to do this came from How to Read a Book by Mortimer J. Adler.

I know, it feels silly to read a book on how to read a book.

Can’t we just, you know, read it?

Sure, you can just read it. But I’m talking about digging into the book, conversing with the author, and learning what they have to say. Which is a lot more like listening to a seminar than it is watching a movie.

Active reading means I take notes ... I sit and ponder on quotes ... maybe even talk aloud.

Also, Adler includes a list of the Great Books, the ones that are foundational to Western Society. I’ve read some, not all. It’s almost a lifetime achievement.

Of course, the treasure is in the journey, not found at the destination.

I know this has nothing to do with trading, yet it could have everything to do with trading. Wisdom gained affects all areas of our lives.

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Something completely different:

I plan to film the final video of my core course on Monday (hooray!). Then it moves to edits (shouldn’t be too bad, knock on wood). I’ll also have some case studies & bonuses to add, but those won’t have near the intense work as the main course.

All that to say, I’m getting close to launching. Still no ETA, but I can see the light at the end of the tunnel.

The Russell set all time highs then pulled back all day into red territory. Probably some profit-taking on the Quad witching day. It was a good week for my system overall. The minor pullbacks allowed for some [redacted - will be inside the upcoming trading course] to next week for enhanced premium. Nice!

The Fear and Greed Index added 8 points from last week. We are creeping up a bit with all time highs on some of the indexes. With the seasonal bearishness, a pullback this week would be expected.

Bloomberg

Why it matters …

This topic will probably dominate the news next week, but I don’t think it will have much effect on the markets. Capital Hill needs to puff their plumes like peacocks and will probably let the government shutdown for a few hours/days which will amount to much ado about nothing, but the news hounds need to write stories. You might keep some powder dry at the beginning of the week to get some bargains Tuesday or Wednesday with all the rhetoric.  (May not happen, but it could be a good buying opportunity.)

Three real trades collecting $166 of premium for single contract trades. Average Return on Risk (ROR) = 1.98% for this week.

Sample Trade Ideas Spotlight (Free subscribers):

Average Return on Risk (ROR) = 1.39%

Sample Returns = $199 for single contract trades -- that could cover 9 months of a Premium subscription, if someone took all of those trade ideas. 

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