Sunday, July 15, 2012

Best week in a long long time.  Followed my rules and paid attention.  Thursday I had 2 AAPL recommendations and traded both at the stated #'s 9% & 9%. Late into the day AAPL started to rally and My Rule #1 applied to the puts. closed out @ .01 credit.  Why you say?  It was going to expire tomorrow anyway.  Well your right and if you had done nothing you would have ended up with 9% for 2 days.  That is very good and yes it meets my goals.  Friday morning I announced OK to close, buy back the calls for .01 and sell the next down call spreads 610/515 for 9% and let it expire. also sell the 590/595 put for a .11 credit.  All successful in 2 days made 4 trades 8%, 8%,9%,11%.  Yes I was happy I hope you were also.I first posted trades in the FMTR then emaied out to all who have asked to be subscribers to the Slow Money Option recommendation.  This has been the best year so far for option trades.  Remembering were not about doubling our money rather making money every week without taking losses.

REPEATED FROM LAST WEEK: Some one ask how do I trade the options that I recommend.  There are a couple of ways to trade them.  Remember I could come out with lots more trade recommendations but why? I can't trade all of them or be spread too thin and couldn't get consistency or higher averages.  Just confusion and much more work.  I recommend that you always trade just one of the recommendations and always take the most conservative trade.  Once you do this use my trading rules and adapt some of your own.  Remember if you can make just 3% per week non compounded that would be 156% yr.  Not bad.  Another way to follow my recommendations it trade equal amounts in each of the recommendations.  Only try this strategy when you feel very confortable in following and understanding my support (Humpty Dumpty Wall) and resistance ( Umbrella Tops)

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time, I am also exploring how to provide better service to everyone also. If you have any ideas how how we can help make things easier on you, please let me know. 

 Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ 


Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.
 

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