Sunday, July 8, 2012

This week we had 3 solid recommendations on thursday that was emailed to subscribers . One Put on the SPY that made a scary 6% and 2 AAPL's one made 8% and the other 4%.  While in the Fast Money Trading rooms I also posted that there were so many opportunities and just not enough money to trade them all.  One such that I posted was sell the SPY 138/139 call @.13+credit there was less that a 1 1/2 days till expiration.


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.