Sunday, December 11, 2011

Congratulations to all you slow money option traders another successful week both trades were wright on @ 10% & 9% each held only 2 days. You can figure what kind of return that would be weekly, monthly and yearly. Europe continues to be wild, the United States congress continues to to confuse, the President is campaigning and were still making money. Between now and the new year expect wild swings to continue and see the market up or down 100 points from where we are today. Starting next week you will start seeing the holiday effect taking place in the markets. Volume will be getting lighter and a small group of bulls or bears will be able to do what other wise would not be possible and that is move the markets in extreme RSI positions looking at weekly charts.

So how did we do for the week? https://docs.google.com/spreadsheet/ccc?key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

We want to hear from you on how you are doing trading options and please sent us your options traders notebook and we will compile your comments with others and sent it back to you. Were hoping to make each a better trader. Some of you have great ideas and were wanting to share them with our fellow traders.


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I hope you will learn from my years experience as a professional trader.