So how did SLOW MONEY OPTIONS do for the week? I had announced 3 trade recommendations on Thursday. The SPY trade was the only one that I got an execution on. AAPL never got into my range. On Friday I announced and executed on 2 different spreads, both on AAPL. The Call spread worked great and received the stated return of 8%. I had trouble from the start on the AAPL put I received a .10 credit on that trade and about 3 hours had to make a choice. I choose to follow my rules and close it out with a loss of .08 cents per trade. I put in on for a .10 credit and pulled it off @ .18 credit. I could have rolled the spread but I choose to close probably a mistake, will see. Remember always do the more conservative spread is the reason that I give you choices. What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading. The choice is yours take responsibility.
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.