[David Waring]

Today's 5 Learning Links:

1. The Take on the Fed's Words Today from Kathy Lien **Fits in nicely with today's lesson of the day on Monetary Policy.


2. An in Depth Post on Trader Mikes Trading Setup ***Includes the technology he uses to trade, screens he uses to find trades, how he enters trades, positing sizing etc. This is the most comprehensive post I have ever seen on the subject.

3. 50 Years of Recessions Interactive Graph from CNN Money


4. How to start small and then step up this risk ladder from thestockbandit[ ***Summary: If you make money trading small amounts then you may or may not make money trading large amounts. However if you don't make money trading small amounts you ain't gonna make money trading large amounts. So start small and work your way up.

5. Free Course on the Basics of Options Trading ***We have compiled a free video options trading course which you can find on the free course page here at InformedTrades if you prefer video

And the Video of the Day Goes To (Drumroll Please!)

Richard Sparks from Schaeffers Investment Research with a recommendation on one way to play the homebuilding sector with Options. ***This is not a recommendation in fact I would not recommend buying into a downtrend however I think its interesting how he talks about potentially playing it and I like how he talks about nibbling instead of jumping in head first, as I agree that if you are going to try to pick bottoms that is the way to go.