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There’s no substitute for experience. That was evident this week in the markets. While most people were confused or frozen, former Wall Street trader Jared Dillian was making money after spending the past few months positioning himself for a week like this one.
On Wednesday, Jared told his readers to cover shorts and sell the put options he suggested they buy months ago. Over the course of the day, he received nearly 50 “thank you!” emails from readers who made money this week and this year.
Part of his strategy involves using options, but not for speculation.
Options are one of those areas where many investors know just enough to get themselves into trouble. They can even prove perilous for seasoned professionals.
Jared wants to stop people from shooting themselves in the foot. He
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