Well, I finally had a loosing trade after many week of successful Slow Money Option trading.  I recommended on Thursday the recommendation:  

Ok here are the option trades: all expire tomorrow

AAPL sell the 640/645 call spread @ .22 cr.

AAPL sell the 645/650 call spread @ .04cr. (most conservative) and or

AAPL sell the 610/615  put spread @ .03cr. and or 

 

have fun and see you Sunday on my commentary.

Remember I always recommend taking the more conservative spread. Pay attention to your option trading rules. You can watch and possibly get a higher price when mkts move in extreme positions.  I am satisfied at my prices and I wont chase. Remember it is not how much you make on a trade but how consistance you are.

 

I will follow my "option traders notebook rules".

Here is what I did. Remember rules are esential if you are to trade options, play golf, baseball or anyother sport. By the end of Thursday, before trading day had ended both call spreads and reached RULE#3 (Risk no more than 2 times you collected premium.  If  you collect collected .05 risk to .10) Also RULE #7 (Always take the more conservative trade.)

I collected .04 credit and bot it back for .09 cents.  On that trade I lost .05 cents. I had also sold the put spread and collected .03 cents and let it expire Friday.  This action netted me a .02 cent loss on the trades for the week.  

Best advise is once a trade is recommended look at it and the bollenger bands and play off the high and lows of the bands to put the trades on.  What would that mean or entail?  First you are watching the bollenter bands and you see they are topping for the week  you want to sell the call spread or it they are bottoming for the week sell the put spread.  You would not be doing both spreads at the same time.  Since the underlining stock moves like an ocean wave going up and down through out the day you have to take advantage on that eb and flow.  I will be doing that a little more in the future and adopting that to my rules.  Remember consistency is what makes us profitable.  

I keep reminding myself reduce risk, reduce risk, reduce risk.   The reason is capital perseveration and consistency in trading profits. If you can consistently make 6% each week at the end of a year you would have 300%+ non compounding and a very happy family. So what is wrong with most of us?  It seems we like to blame everybody or everything when we should be examining what is holding up back from reaching out potential.  We get board because we hear or see others saying how well XYZ stock is doing and we dont wont to be left behind by what might happen.  Sound familiar doesn't it? This is why I keep saying consistency.   Look at my record or recommendations for Slow Money Options trading or Fast Money Trading.

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.