The Lazy Crazy Days Of Summer . . .

We had another good trading week-I am always thankful for this.  Last week was challenging because it was boring. Now, what do I mean by that?  When we are trading weekly options in the summer I believe one of the greatest challenges we face is the lack of events as well as news.  They are called the "dog days of summer" for nothing. You will notice in this article I've used that phrase numerous times.  Last week the economic calendar was virtually empty and there were no new geopolitical events on the horizon that we could prepare our trading for. But by Thursday morning before the markets opened we had a huge gap down almost 2% in the S&P 500 ETF- SPY. This was a reactionary move to a missed bank payment by the parent bank in Portugal.  In the summer, the markets are especially susceptible to these reactionary swings. It is important that weekly option traders-in fact all short term option traders be aware of these things and what can happen.

Last week we traded the SPY at 5% and also AAPL calls@7% and 5% on the calls.  Incidentally, the SPY has grown this year close to 6.5% while our weekly option program is well over 20% so far.

Come on lets let me teach you how to Fast Money Trade.  I have had several hundred students over the years most are successful but not all.  Some are willing to learn and let me help them and follow this new way to trade.  Others are mired in their old ways and wither wont listen thinking that they a better way to do things.  All I ask is have a open mind listen and ask questions.  Making my daily goal of $250 or average on a weekly basis will give me  somewhere around $60,000 year.  This sure goes a long way in supplement my retirement dollars and lifestyle. Please view my results.  This is a teaching site.

My results for the year are posted so you can see what and when I traded weekly. https:/docs.google.com/spreadsheet/ccckey=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&usp=drive_web#gid=0 

(SLOW MONEY OPTIONS)

https://docs.google.com/spreadsheet/ccc?key=0Aj-gjBJLwH3rcjJqRndVSlBzY2hNenM4YXZQT1FBZEE&usp=drive_web#gid=0 

 (FAST MONEY TRADING)

You know I had some good days and some bad, some good weeks and bad.  But I have a trading plan, goal and consistency in my trading and that is what I'm trying to teach you.  I believe each of you can do the same thing it takes discipline.   Remember me talking about trading/investing is like running a business? 

Remember you will live to trade another day if you don't get greedy and learn to take a small loss to be right.  I'm in this for the long hall and will not take undue risk. Remember always take 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. 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.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.