Update on Open Trades Expiring In March (21st)

I am excited that I have 2 orders placed for 2 very safe Bull Put trades. When these orders are filled this week we will have 2 more Iron Condor trades completed with returns of 7.1% and 6.9%. We already have the IWM Iron Condor trade completed and this trade has a 7.5% return.

Update on Open Trades Expiring In March (21st)

All filled and open Bear Call trades are safe and should be expiring on the 21st. I have initiated 2 new trade orders this weekend.

Website and Advisory Service

I began this website and advisory service after years of trading credit spreads in my own accounts. Since I am now a full-time trader, I would be entering these same trades regardless of this website. But after years of my own success, I decided to try to help others obtain financial freedom on their own while hopefully educating them along the way. There are a number of other sites that kick out tons of recommendations every month but never actually enter the trades themselves. That’s why I offer a FREE 60 day trial and even post my track record for you to see the difference in my site.

My Advisory Service is Unique in 3 Ways !

1) You can try my service for 60 days, or 2 full months, before paying any subscription fees. I suggest you paper trade all the trade alerts I email and post to the members page during this trial. If you have any questions about how to process these trades I want you to send me an email. I will do my best to help you including sending you a flash movie with audio instructions illustrating the type of trade or trades being questioned.

2) And if you feel you need a little more time to try my service just send me an email and I will extend your trial an additional 60 days or however long it takes. I want every new subscriber to know exactly what they are doing before they start trading credit spreads and Iron Condors live with their own funds.

3) I reimburse all subscription fees when I have a losing month. This will be a rare occurrence because all my trades are implemented with very strict risk management strategies.

Update on Open Trades Expiring In March (21st)

With the markets projected to be down next week we are only trading Bear Call trades to be safe. If we can get these trades all filled, and the markets starts dropping, these trades will be very safe. The next step will be to open Bull Put trades in the next 2 weeks to double our return. When the markets return to a more neutral trading pattern we will be able to open all 4 legs of an Iron Condor trade like we did the majority of months in 2007 and 2006.

All February Trades Expired Worthless Last Weekl

I am very pleased that the conservative trades this month all expired. These were very safe trades which is why the monthly return was 4.1% ($158/$3,842). This market is still very volatile so earning 4% is OK in my play book. My goal is 5% a month which I can achieve when completing at least 2 Iron Condor trades in a month. This month we had one Iron Condor trade completed.

Auto Trading will be Offered Soon !!!!!

OptionsHouse has been my choice for auto trading but with the market meltdown last month I had to change my priorities. Later this month I will again be focus on auto trading. I just added the OptionsHouse link to my Getting Started page this weekend and a have a meeting with this broker next week. The majority of new subscribers are setting up accounts with this broker. This is why I am including a screen print of all my OptionsHouse orders on the members page. This is the best way I know of to illustrate new trades. Auto trading will be a reality soon.

My Trading and Risk Management Philosophy:

I select strikes using two tools:

1. Technical Analysis
2. Probabilities

1. TA- In the case of bull put spreads, I look for support points and lows within the past 52 weeks and start with strikes outside of the range.

2. I use simple models for probability calculations and look for strikes with around 90% or better chance of expiring worthless.

My goal here is to simply collect premium month to month. Using OTM put and call spreads is a way I can do it without predicting the market for the month. In any given month, the market can move higher, sideways, or significantly lower and I still have a profit. In my view I am trading without concern over market direction except for a major crash lower.

CBOE Virtual Trading - Free, Easy and Educational

Visit the link to access CBOE's new virtual trading system. This system is free to use by anyone and no brokerage account is needed. Paper trading is the best way to learn how to execute, track and manage stock and option trades. For both new and experienced options traders this system allows you execute trades associated with all the option strategies. I am recommending to all my new subscribers that they use this system during their 60 free trial to paper trade all my credit spread trades.

Also, the system CBOE is using is OptionsXpress's actual virtual trading system which is one of the best available on the internet for paper trading option strategies.

http://www.cboe.com/tradtool/virtualtrade.aspx

Update on Open Trades Expiring In February (15th)

Only 5 days remain and our open trades are all safe. Even with a market surge up or down next week our trades should expire worthless. The total return for February will be 3.2% ($158/$4,892). I will be posting a few new trades expiring in March later this weekend.

Update on Open Trades Expiring In February (15th)

Only 12 days remain and our open trades are all safe. If the markets start surging up and down next week I will email and post adjusting trades to roll open trades in trouble. We are closing/exiting open trades much earlier now.