Thank you Cody for making my dream of owning a house true in only 6 months

You need to read the shocking back and forths below. I was just catching up on the the TradingWithCody.com side chat board, which is open 24/7 and which all you guys have access to by simply signing into TradingWithCody.com from any browser. (If you ever have any problems logging in or with anything else, please email us at support@tradingwithcody.com and my support staff will hook you up.) Anyway, you guys have been having some rather amazing discussions while I was on the road in LA, and I wanted to highlight and add my 2 cents on some of them.

TradingWithCody.com Subscriber NRM

March 13, 2012 – 4:00 pm
I sold my APPLE calls in a nice profit. I bought them in jan before earnings , the Apr $480 call at$5.45. Am now selling it at $90. Biggest returns ever for me. Thanks Cody

Thanks Cody for making my dream of owning a house true in only 6 months.

Holy cow that is unbelievable. You just made the trade of a lifetime. And best of all, I am so happy to hear that you are pulling the proceeds out and using it to make a dream come true. And the fact that in particular dream happens to be buying a home and that you’re getting to do it while the real estate market is down big from the top of the bubble — well, I’m just truly thrilled for you. But for the rest of us — DO YOU GUYS REALIZE THAT WE’VE GOT PEOPLE MAKING TRADES OF THEIR LIVES RIGHT IN FRONT OF YOU RIGHT NOW. Which leads me to the next discussion from our side chat bar that I want to highlight.

TradingWithCody.com Subscriber ERY

March 15, 2012 – 3:52 pm
Sure, that Apple P/e and those amazing products are all understood very clearly, but healthy stocks move up in step like fashion apple has run up from 400 roughly starting jan 1 2012 to 600 50% in a STRAIGHT line….well, I am not abuyer of that kids of a move up here rather a seller like Cody, trimming at euphoric levels IMHO.

I like the way ERY is thinking here. Read on for more from ERY.

TradingWithCody.com Subscriber ERY

March 14, 2012 – 4:05 pm
I have much smarter people than myself I subscribe to aside from Cody’s site and when Cody says sell some as he did today that it feels. Hard to do so but is the RIGHT thing to do we should take heed.
Same for when he says BUY when its down – it feels like the hardest thing to do then too but it has been the right thing to do.

March 16, 2012 – 12:51 pm
Codys post just now says it all after the AMAZINg run we had all had in his stocks”Prepare for pain while you feel good”

You guys will hear me drill it into your heads, as you have already — THE HARDEST TRADE TO MAKE IS USUALLY THE RIGHT ONE. It’s hard to trim Apple, it’s hard not to chase buying some Apple calls when you read stuff about how somebody is buying their dream house by listening to my advice of buying Apple calls. But it’s all in context and timing can be everything. Which leads me to the next incredibly insightful topic from you guys.

TradingWithCody.com Subscriber ALI

March 16, 2012 – 11:04 am
my pet hate about stock tipsters is at the end of their article where they say “Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.” Well if the stock is so freaking good why the freak dont you own any of it!! Any way thats why I like Cody’s picks – he puts his money where his mouth is

But as we are all part of the ‘Trading with Cody Herd’, I thought I would share this great quote by Catherine Bolgar who is a trading and investment Psychologist …..“We make use of what people have discovered before us. So the question is not whether we are joining a herd, it’s whether we are joining a smart herd or a stupid one”

Very interesting quote from Bolgar. I often wonder why people who say they hate being a part of a group usually end up dressing like the people they hang out with — anarchists, rock stars, skater-punks. Then I remember that everybody needs to be part of a clan. Read Seth Godin for more on that topic. Interesting. Here’s what you some of you guys had to say in response to Ali.

TradingWithCody.com Subscriber ERY

March 16, 2012 – 3:19 pm
easy answer I have known cody for 10 + years and he has been very accurate. Now he is human and makes mistakes like we all do. We need to use our own Gut feelings, insight knowledge on matters to make our final decision though.

Amen, I couldn’t have said it better myself. I have no magic bullet and you guys have seen me make plenty of mistakes, but I’m sure I’ll give you enough great investment and trading ideas and provide so many important insights about managing your own money that I can keep you around for the next ten years as subscribers like I have with ERY and many others of you.

TradingWithCody.com Subscriber CAL

March 16, 2012 – 3:23 pm
time will tell. sometimes today’s smart herd goes over tomorrow’s cliff. Anyone remember Bill Miller and his run at Legg Mason?

TradingWithCody.com Subscriber RAN

March 16, 2012 – 3:25 pm
of course. used to have $$$ in his Legg Mason fund

beat the S&P year after year after year

TradingWithCody.com Subscriber CAL

March 16, 2012 – 3:27 pm
@RAN – i was there too. and when it was over, it was over.

Not saying that will happen with Cody, but of course we all think we are part of the smart herd. So does everyone else.

You guys will hear from me over and over that we’ll have to be flexible and we’ll to constantly challenge our own theses, ideas and premises (ie, “Flipping It”).

Let’s wrap all this together now and sum up.

TradingWithCody.com Subscriber WID

March 16, 2012 – 10:38 pm

I rolled up and out to June with my Apple calls and sold 70% of them. I am now waiting to build addtional 580/600 strikes. Stock REALLY NEEDS a healthy pullback or rest around 575. I have always liked Cody and think this is a SMART herd. Did we all move LVLT like that??? I wasn’t around for STX but will monitor that one as it seems like a board fav. Other than FIO are there any other board fans I should put in my cody “herd” list?? I have made over 200% within my trading account on just AAPL options. I know Cody hates banks but my BAC Jan 13 5 leaps are RIPPING, also premium on the Jan 13 7.5’s is shockingly LOW. I added to my 5’s the day after the stress tests came out and I think BAC leaps in 2012 will be a BIG winner. Anyone playing QCOM leaps or options?

TradingWithCody.com Subscriber JME

March 19, 2012 – 2:01 pm
I cant see apple going down in the shortor near term though, with so many funds now allowed to buy AAPL.

There’s a lot of people looking to make big money on risky bullish trades right now. Let’s listen to ERY.

TradingWithCody.com Subscriber ERY

March 19, 2012 – 1:50 pm
From cody just now”I pointed out that we should be scared when things are this good for one our investments. I’d rather trim Apple today than chase it, even as it remains my biggest position as it has for so long, as you guys know.”

Or as I put it:

Cody
March 19, 2012 – 2:02 pm
@JME, the time to SELL is when you can’t see how a stock could possibly go down. The time to BUY Apple will be next time we can’t believe it will ever go up again.