Ditto Trade Information (updated June 19th, 2014)

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UPDATE JUNE 19th, 2014 - DITTO TRADE PROGRAM IS CLOSED FOR NOW. DETAILS COMING OUT SOON. SORRY FOR ANY INCONVENIENCE 

 

Here is some of the basic information around the Ditto Trade follow program:

The Ditto Trade program is a high risk account where I take $2,000 and try to turn it into much more, like i have done in the past and is one of the reasons folks wanted me to do this: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72313134

In the account I will trade out of the money calls/puts that can easily lose 50%-100% of their value in a very short period of time. Of course the objective is for those out of the money positions to gain 100%+, but the reality is, many of those may expire worthless. But like any account, one just needs the profits to exceed the losses.

The current Ditto Trade account started at $2,000 in September and has fluctuated between $1.2k and $18k, and was at $10,300 at the end of February, and has bled away in March and April. As of now the account is back down to zero with the remaining positions expiring worthless(few dollars left). Was not the result I was looking for, but not going to make excuses.

Quite honestly, I don't plan to restart the Ditto program unless there are still some folks who want me to do it.  I do have some folks who want me to do it again, so I plan on starting it up this week(pending any last minute issues)

It will be a $2k challenge, meaning I will start with $2,000 and try to work the account over $20k+( and upwards from there). I am trying to keep the amount of followers down as the liquidity of option trades becomes an issue with too many followers. Current ditto followers and those that have already emailed will be approved to follow.( I am hoping for 10-12 followers max)

I have received a promo offer from Ditto trade for Current and new followers, where the first 30 days of the challenge there will be no trade commission, just option commissions.

Those who want to participate need to email me by the close of market Tuesday, June 3rd..

For those who do want to follow:

Those who still want to follow need to be a DiamondPlus member, then create an account at https://www.dittotrade.com/ , and also put in a follow request here: https://www.dittotrade.com/index.php?option=com_content&view=article&id=246&Itemid=29. Last step is to send a followup email to info@optionmillionaires.com with your OM username with the title "Approve Dittotrade". I will then approve all requests. Make sure you are following my private twitter account as well  .http://www.optionmillionaires.com/optionmillionaires-private-twitter-access/

For those that do not know my trading style, you will lose all your money following me. Please be aware of the risk. But also be aware of the possible reward as lightning has struck too many times to count over the past few years: http://www.optionmillionaires.com/2013/netflix-nflx-why-we-trade-options-follow-up/ .

If you have any more questions feel free to email me at info@optionmillionaires.com

Thanks!!!

- Jimmybob

Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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