Hello Everyone, I’d like to take this opportunity to introduce myself. My name is Jim Stoeckel (“SaltyProfits” on Discord) and while I’ve been using the app and part of the Prospero team for about a year now, most of you have never heard of me as that has all been behind the scenes. My professional background is in IT, but I’ve spent the last several years studying options and the markets. I primarily day and swing trade by integrating Prospero levels with moving averages and backtesting swing trades.
This has been a quiet trading week for me, as I try to avoid trading during weeks with active fed speakers. I intend to send weekly letters along with swing trades here (these trades will be for the paying subscribers and I will include backtesting). Today I’d like to discuss something that I find very interesting. It’s no secret that the Prospero portfolio is handily beating the S&P. Coincidently as I am sure you are aware there is a lot of talk about the market is overbought or has run up too high too fast.
If you look at the past year you would probably agree.
But zooming out showing the last years, surprisingly the S&P is not up all that much. I’m confident most investors have been quite frustrated.
Why do I call this out? It shows how Prospero gives you edge in a sideways market. Being able to actively manage your account with data backed signals will help you lock in gains and limit losses.
