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Thread: Options Trading

  1. #1
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    Default Options Trading

    Hello All,

    I've posted a handful of posts on this forum about people taking control of their own financial future and I think we've come to a point where more and more of you feel this is true.

    I've debated the past few weeks about doing this but I feel now's the time. Myself and a few friends have an investment club. We get together and determine 2 to 3 options trades every week that we can trade under very precise guidelines. Do not mistake this for day trading. Day trading is a nerve racking experience where you have to be in front of your computer for 8 hours making very quick decisions. What we do is more along the lines of "swing tading". Our trades last anywhere from 1 week to 3 months.

    It's my experience that the hardest part of picking stocks or options is finding the right stock at the right time amongst thousands upon thousands of stocks. Collectively we've tried (and failed) with numerous alert websites until we've found a handful of alerts we feel we can trust. Once we get these alerts, we analyze them further until we can narrow the trades down to 2 or 3 at most that we really like. From there, we determine entry and exit points and stop losses in case the trade goes the wrong way. We shoot for a 10% monthly return but have been averaging closer to 25%.

    We never risk more than 5% of our total account value on any one trade. Proper money management is key and there will be losses at times. Anyone who tells you they are right 100% of the time is a liar. The only time I would ever recommend trading more than 5% of your total purse is if you start your account with only $5,000. Then you should risk $500 per option purchase. In reality, with proper stop losses, you shouldn't even lose that much.

    We do our weekly trading every Monday morning, before the market opens and we don't touch it until our exit point or our stop loss is triggered.

    What I've managed to do is to get the rest of the club to agree to allow us to take on new members. 200 people to be precise. Tomorrow, I will post our weeks picks for free on this site under the heading "Jiaco's Picks". I want everyone to be able to follow our picks and see for themselves. We will never post picks that we aren't trying to make. Steering people into risks we aren't willing to make ourselves is out of the question.

    If you want more info on joining our club, please feel free to PM me. I hope you all enjoy what we have to offer. Taking control of your future is the real key to success!

    Jiaco

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    Chances of winning for swing play is much higher than pattern day trader, static has shown the results.

    First and foremost, if any of you do not sure what options trading is all about, stay away. Although it may look pretty simple, I would suggest you take up a lesson to understand what call/put is and there are more to learn and understand before you go into any trade. One must know what the time value and intrinsic value are. Rumours and news changes the the emotional and sentiment of the market. You have to be very committed and willingness to follow up with the market. You need to know some indicators as well. You can't simply follow a tips blindly.

    Jet

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    Well put Jet. I definitely don't recommend anyone following blindly. Although, that's essentially what we all did by putting money into pips and anyone investing in mutual funds or handing their money over to "investment advisors" has done so blindly.

    We don't make any of our trades blindly. We review the market conditions and trends throughly before trading anything. As far as individual investors having complete understanding of every last detail is concerned, if they did, they'd be handling their own right now.

    I'll be happy to answer any questions, comments or concerns with regard to all the details of option investing. Our goal is to educate our club members so they can provide there own financial future without us and so they in turn can become valuable members who input there market thoughts and option recommendations.

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    Thanks Jiaco. Education is utmost important element for beginners but it would not be appropriate to do it here. There are many factors involved. To trade is really simple, just one button but to find a right trade, need some education especially where to look for it.

    Anyway I do hope more and more people learn this as an extra vehicle to be financially free in no time.

    Jet

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    I'm posting my picks for Monday morning under the heading Jiaco's Picks right now.

    I'd like to thank all of you who've PM'd me and all of you who are eagerly anticipating what we are about to buy.

    Jiaco

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    I think Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with
    risk capital
    .



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    I tried binary before, but now, I only trade forex and Binary at minimal. For forex, I only use FreshForex, they have an efficient customer care service and a very fast deposit and withdrawal methods

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    Senior Investor gaban's Avatar
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    Where in running forex trading is one way where we must always the process of learning on the run, forex business needs a process where we must run better trading, remind all the risks that exist is very large, so traders that need where the stages of the learning process like in a demo account or also a demo contest instaforex to we can better understand again will more profitable trading management

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    very true, because in the forex it will never have an instant. therefore traders should be able to better and more leverage in doing the training and understanding well before going to run the trading activity in the real account.

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    Quote Originally Posted by Uncle Gober View Post
    very true, because in the forex it will never have an instant. therefore traders should be able to better and more leverage in doing the training and understanding well before going to run the trading activity in the real account.
    To always maximize the ability of trading it is the way where we should run, business forex business risk is very large, so continue to try to learn and learn so that we can trade more profitable where in plunge in real trading it later with instaforex

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