Tag Archives: Site Upgrades

The Week Ahead Webinar Tonight at 10:30pm


As we always do, we will be having a Week Ahead Webinar at 10:30pm tonight. You can find the registration information in the Live Class link : https://www.optionmillionaires.com/live-event-classes-jtv/

We are currently having some issues with our chatroom, but expect it to be functioning 100% by the open tomorrow.

Please stay tuned to the blog for any updates. You an also email us at optionmillionaires@gmail.com .


Sorry for any troubles and hope to see you tonight!


- JB

Don’t Freak Out…It’s Only A Brand Spankin’ New Chat Room!

Hey Gang, Webmaster vantillian here. We are beaming with excitement and joy as we present our new live stock options chatroom designed to take us to infinity and beyond Q3. When you login to live chat today, you'll notice some serious upgrades.

The new chat is filled with all kinds of new bells and whistles whilst maintaining the features you've come to know and expect from our old chatroom. Our new chat client is built using HTML5 code so it feels more stable, robust, and snappy. It feels that way because it is that way. You're going to love it. It'll work on any and all browsers on any and all systems: PC, Mac, Linux, whatever. And fahgettabout all those Java updates. Java, schmava.

We'll also be releasing a PC desktop version this week. So if you don't feel like opening a browser, you can download and install your very own "Option Millionaires" program on your PC. It's an extremely hearty resource freely offered to our Gold and Diamond members.

There may be a few tweaks throughout the week and I personally welcome your feedback and ideas! I'll be making several follow up posts and will try and make myself available in chat to answer questions throughout the week.

History is being made today. I sincerely hope that you enjoy the new platform and benefit from it.

NOTE: If you use a mobile device to connect to live chat please CLICK HERE. There's a one time setup you'll have to perform, but after that accessing the chat will be even easier (and might I add FULLER FEATURED) than before.

P.S. If you've been loafing in the old chatroom all weekend make sure and logout of the site, refresh, and log back in.

Jimmy $2k Mirror UPDATE (8-14) – START DAY!


Just a quick update on the $2k mirror challenge. Please email optionmillionaires@gmail.com with any questions you may have. Make sure you have read this post and the others linked on it ( https://www.optionmillionaires.com/2012/2k-portfolio-mirror-challenge-update-for-diamond-members-only/ )

The $2k account will start trading today finally!!! I spook to DITTO trade last night and all trades completed today (tuesday Aug 14th) by any jimmybob followers will be commission free. You will see a credit at the end of the month.

With that being said, I only plan on doing one trade at the most today. There is more that can go wrong then right trying this out, and one trade to start will be a good test. It will also be a very small trade, 5-10 contracts total value of $100-$200. You can see my watch list on the DITTOTRADE dashboard, but the strikes will probably be SINA $60/62.50 calls or SHLD 62.50 calls - both are for premium build into earnings and would hope to lock some in for a double before the close thursday, then hold a few as lottos.

Expect the majority of trading to happen later in the week, as thats the best time for the 10x+ baggers. Here are some answers to questions I am getting:

Q. How will you alert followers?

A. Dittotrade, then twitter, then email... then Chatroom

Q. Am I on the email list?

A. I am still working on the email list and will have a test blast sometime this week.

Q. It says share for share on my dashboard, not percent.

A. Dittotrade will only let my account be share for share due to followers. If your account is less then $2k expect trades to be a max of $200-$300.

Q. How often will you place trades?

A. To start I will be very diligent and place a max of maybe 1 trade per day, if i see something. Expect most of the trading to occur on Thursday and Fridays.

Q. I have not had my private twitter request accepted.

A. PLEASE EMAIL optionmillionaires@gmail.com right away!!!

Q. I missed a trade what do I do?

A. Nothing! You can mirror every trade, get into ones you want, or just watch. I will run this challenge as long as I can.

Q. What will you do when your capped on followers, can i still join?

A. You can still follow via twitter and email. I will have a waiting list for the ditto trade service.

Q. Is UPB or anyone else doing the service?

A. Looking into adding more accounts to follow.


Lets have some fun and make some money. Was very hard for me to sleep last night! Appreciate all the kind words! Please email with any questions and I will get back to you as soon as i can!




- Jimmy

$2k Portfolio Mirror Challenge UPDATE (FOR DIAMOND MEMBERS ONLY)


I have been very busy making sure this goes EXTREMELY smooth for everyone. The response to participate in this mirror challenge has been overwhelming to say the least and the pressure has been building on myself every day. I apologize if there has been a delay in email responses, but please understand we will get to you as soon as possible. I just want to UPDATE you on some of the things I am working on to make sure we are up and ready to go by Wednesday the latest.

First, make sure you read my blog posts on what you needed to do: https://www.optionmillionaires.com/2012/jimmy-2k-mirror-trade-update-qa-8-4/ - This post pretty much answers any question you may have.

Second, I have setup a GOTOMEETING with DITTO trade Wednesday Morning, PLEASE MAKE SURE YOU REGISTER ASAP: Registration Web Link: https://www3.gotomeeting.com/register/353735726 (I HAVE EMAILED DITTORTRADE AS THE WEBINAR SAYS AUG 22nd, I AM SURE IT IS AUGUST 8th and will let you know when its fixed)

Third, If you are still pending in twitter and by Tues AM and you already sent an email, please send another email to option millionaires@gmail.com with your twitter handle and OM nick.

Fourth, I have been sent two lists of DITTOtrade accounts to approve: One set on friday and the other this afternoon. Those are both back in DITTOtrades hands with proper approvals. I will speak to them on Tuesday to ensure everyone who should be approved gets approved.

Here is the big point I think some folks may miss... The great thing about the DITTO trade platform is it trades off percentages. So if i make a trade worth 10% of my account, it will do the same for yours if your in the full throttle mode. If you miss a trade, it won't be as big a deal as you may think. Either way I plan on running this challenge for as long as I can. I am curious how a lo liquid options may work out with the service, but we will cross that hurdle when we get there.


Keep the emails coming with any questions!!


THANKS and looking forward to this challenge!!!!


Facebook (FB) – the 1% win again

How is it that the most hyped IPO in recent memory closed just in the green instead of up 50% on it's first day? Was it from the constant upward pricing of the offering in the weeks prior to the IPO on the so-called pent up retail demand(THE SHEEP). Possibly, but maybe it because folks on the inside were getting a bit nervous about holding their shares longer then 1 day causing more selling pressure:

Even as outsiders line up to get a piece of Facebook, the social media giant’s latest filing shows that early individual and institutional investors will be selling nearly 84 million more shares than originally planned. And even as the frenzy surrounding the offering builds – or perhaps because of it – Facebook is facing renewed scrutiny over its business model and the risks it faces.

The company revised its S-1 filing with the Securities and Exchange Commission twice in two days this week, with the latest document reflecting new plans to sell more than 421 million shares, up from 337.4 million, as early investors look to cash out more of their holdings. Those investors would face a lockup period of at least 91 days during which they could not sell once the stock is publicly traded.


But maybe the better questions to answer is, "Why didn't Facebook(FB) close in the red?". That is a good question, considering the issues that delayed Facebooks(FB) opening on the Nasdaq were related to traders abilities to cancel orders. Thats right folks... canceling orders and not buying stock. So if the stock closed green and retail wasn't keeping her green, who was? Who would have the most at stake for having the largest IPO in recent memory finish green? Well that would be it's lead underwiter Morgan Stanley (MS). I can just picture the meetings that went on over the past few months... "Yes Mr. Zuckerberg, your companies stock will soar on the first day of trading as we pump it to every investor we can find"

How do they get away with this? How are they allowed to manipulate the stock price to ensure they save face??? Take a look at the 1 minute chart of Facebook, and you can see someone with deep pockets was keeping her above $38 with ferocious buying volume.



A clip from the Wall Street Journal tonight that makes my blood boil:

After the problems began on Friday, Morgan Stanley, which led a group of 11 Wall Street banks, stepped in to buoy the share price, according to people familiar with the matter. In its role as the deal's so-called stabilization agent, Morgan Stanley could continue to support the shares through a pool known as an overallotment. But people familiar with the matter say the bank has no plans to use its own capital to prop up the shares in the days ahead.


So lets get the facts straight as I see them: 1. Morgan Stanley and the other underwriters hyped the IPO and continued to raise the IPO price right down to the last day on the supposed increased demand(which there was not). 2. Morgan Stanley provided bid support on the stock to ensure it didn't fall under the $38 mark. 3. The amount of shares to be sold increased millions right up to the day of the IPO.

Let me put this in a phrase most will understand... This was an orchestrated Pump and Dump!

Not only that, it was stock manipulation at it's finest. Here is the definition from the SEC website:

Manipulation is intentional conduct designed to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company; improperly limiting the number of publicly-available shares; or rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions.

Once again the 99% are left holding the bag, while the 1% are laughing to the bank. Take a look at those who made out on Facebooks(FB) first trading day:


We shall see where Facebook (FB) trades on the coming days and weeks. I have an odd feeling it wont be much higher then it's close on friday. But who knows, when the 'Free market" is not really that free.