Cyber Security Hack: How to Trade Facebook’s Wake Up Call
Facebook dropped another bombshell in September 2018.
It revealed an unknown hacker breached the site, compromising the accounts of 50 million users. While the company found and fixed bugs used in the attack, the damage has again been done. Trust has again been put in jeopardy.
Worse, not only did the hackers obtain the ability to access the Facebook accounts, they could access other services you use with your Facebook account registration.
The latest hack is another major misstep for Facebook, which has been trying to win back consumer trust after several recent debacles. Besides the Cambridge Analytics issue, Congress has strongly criticized the company for failing to prevent the spread propaganda.
What Happened this Time?
Attackers were able to trick Facebook into issuing them “access tokens,” or digital keys that allow them to access accounts as if the attackers were the users.
Lee Gettess is a top trader who is excited to bring you his video newsletter. Each week, Lee will share his predictions on what he anticipates from the bond and S&P markets.
Japanese Candlesticks provide an excellent piece of the Technical Analysis puzzle. Each candle gives you the opening price, the low of the period, the high of the period, and the closing price. Because markets are fractal (they display similar properties in all time frames) the "period" of an individual candle may be daily, weekly, monthly, and so on. Or, with real time data feeds you can use one minute, five minute, or 10 minute, or hourly candles, etc. What period you choose depends on the time frame you want to trade.
Anatomy of a Candlestick
Below is a graphic showing a white candle and a dark candle.
The white or hollow candle shows a period that has closed above its opening price. The dark candle shows a period that has closed below its opening price. The fat part of the candle (white or dark respectively) is called the Real Body. The skinny part of the candle is called the shadow or wick (or sometimes the tail). The real body of the dark candle may be filled in with black or red. We like to use red because it's more evocative of danger… also 'cause it's prettier… but in this example we use “dark” to contrast with “white.”
The first profit opportunity we will review this week is in EXAS, or Exact Sciences Corporation. Exact Sciences is a molecular diagnostics company with a strong focus on the early detection and prevention of colorectal cancer.
EXAS has been very bullish since the 2016 low. It’s gone from below 10 to over 80. That’s a strong stock!
The daily chart for EXAS is also very bullish. The little pullback from last week’s record high gives us a buying opportunity.
We are going to review a Call Debit Spread for EXAS. Traders who want to employ a more leveraged approach can buy EXAS calls. EXAS has options expiring every week until November 16th. After that, EXAS has options expiring in January, April, January 2020, and January 2021. Click Here to follow this trade.
Tomorrow, you could begin doubling your account every single month starting with one letter.
The letter will come from a 20-year trading professional named Ian Cooper. He says, “In 2017, following my trades you would be doubling even tripling your account some months. Let me show you how.”
He will show you exactly what to do... and he’ll give you the blueprint for just $1.
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