Disclaimer

No investment advice. The Position Letter and everything on this site are general market information and education. Nothing here is a personal recommendation; it does not and cannot consider your financial situation, objectives, or risk tolerance. We do not provide individualized responses to subscriber questions about their portfolios.

Risk. Trading stocks and options involves substantial risk of loss and is not suitable for everyone. Options can expire worthless; you can lose the entire premium. Past results — including published track records — do not guarantee future outcomes.

Methodology and levels. All entry zones, stops, and sizes are derived mechanically from weekly closing prices as of the stated date and reflect the assumptions described on the Method page. Markets gap; levels can be invalidated before any action is possible.

Positions. The publisher may hold positions in discussed securities. From the first paid issue, per-pick position disclosure and a personal trading policy (no transactions around publication) ship with every letter.

No affiliation. The Position Desk is independent and not affiliated with, sponsored by, or endorsed by any broker, data provider, or third-party trader.