How Prosper Trading Academy's CEO Is Trading JPMorgan

The video discusses the psychological impact of market trends, particularly focusing on big banks like Citicorp and JP Morgan. It highlights how investor sentiment can influence stock reactions, even when earnings reports are not favorable. The discussion includes a specific trade strategy for JP Morgan, involving options and call spreads, and anticipates similar market behavior for Goldman Sachs, suggesting a potential stock rally if results are better than expected.

What psychological factor do traders often focus on in the market?

• Minor corrections

• Daily fluctuations

• Big round numbers

• Small incremental changes

How did the market react to the earnings reports of major banks like Citicorp and JP Morgan?

• The stocks reacted positively after an initial sell-off

• The stocks remained stable

• The stocks plummeted

• The stocks showed no reaction

What is the current market sentiment towards bank earnings reports?

• Bad news is good news

• Good news is bad news

• Neutral sentiment

• Indifference

What is the trading strategy discussed for JP Morgan?

• Holding cash reserves

• Investing in bonds

• Selling short

• Buying the 103108 call spread

What is the expected outcome for Goldman Sachs' earnings report?

• Better than expected

• Not as bad as expected, leading to a potential rally

• As bad as JP Morgan

• Worse than JP Morgan