Some of the Trades Last Week

Trading-Recap

I get quite a few questions every day about what our site does, and how it can be useful for an option trader. More or less, I always tell people: "Folks, we are a tool in a trader's tool belt."

Anyone looking for a quick buck following those boasting huge returns in a short period of time are going to find their account blown up rather quickly. Rather, the chatroom/watchlist/webinars and other features of our site are meant to enhance a trader's ability to profit from the market.

With that being said, I do post all my personal trades in the chatroom and private twitter feed as well as running a Ditto Trade account. I am the first one to mention my expiring positions, of which some weeks I have many. But that is part of a strategy that has been successful for me based on my risk profile. At the same time, I have many trades go 500%+, which more than offset the losing positions. Again, part of my strategy.

But enough of that. Here are some of my trades from the past week for all those who have asked me why to give OptionMillionaires a try:

Week Trades

Those are just a few of the trades. I also had SCTY calls I sold for 300%, PPO calls for 300%, WDAY calls for 300% as well as GOOG calls for a 75% loss, CF calls expiring worthless, BIDU calls sold for small loss, Z calls sold for a profit, and TRIP calls sold a small profit. I also added SAM, CBRL and ISRG calls expiring on March 22nd. Depending on the week and market conditions, I may do 2-5 trades or none at all.

I hope that answers some of the questions I have been getting. If you have any more, please feel free to email info@optionmillionaires.com.

To celebrate the start of March, I'm giving away 10 15-day free trial slots on a first-come, first-served basis. For one of them, send an email to info@optionmillionaires.com with the title 15-day trial in the subject line.

Have a great weekend folks!

- JB

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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