Answers to the most commonly asked questions can be found here. If after reading the FAQ's and you still have questions regarding our service, don't hesitate to let us know. Go to our Contact Us page via the button below.
Contact UsAs a member, you will receive our email newsletter which is composed of commentary on the US economy, world events and how they will impact our stock market. You will also receive our own options trades that we feel are a relatively conservative play that have a high chance of success. The positions are constantly monitored and their probability of success is represented by a percentage in the members' area.
All trade alerts are sent via email. The members' area will also have pages to view the latest messages, alerts, and current positions.
Although we like to keep our members fully aware of the status of our positions as well as the current events of the market, there are times where there really isn't anything worth reporting. We don't want to flood your inbox and will keep you apprised of our positions as well as what's happening on Wall Street.
It is very important for you to have an account with an options friendly broker that will allow credit spread trades. They will understand credit spreads and the Iron Condor trade as well as have a lower maintenance requirement. If you do not currently have a broker, visit our Autotrade Page for a list of brokers. Trading credit spreads requires some experience. Before enrolling, be sure that you have a trading level access high enough to sell credit spreads if you plan to manually submit trades. If you have your broker autotrade for you, they may possibly upgrade your account automatically.
No, we cannot guarantee any type of performance but our goal is to earn 10% each month. We have over a decade of trading experience and have helped our members navigate through the most turbulent waters of the stock market. Take a look at our Performance Page to see how we've done.
No. All trades come with some level of risk. With an 80% to 90% success rate, we expect to have 2 losing months for every 12 month period. Losses will happen and we feel that the consistent success of our strategy will more than make up for any losses that we incur. Take a look at our Performance Page!
We do not execute trades for members. In fact, we have no control or access to trading accounts or the capital within. If you use a broker that provides an Autotrade service, they can execute trades on your behalf. For more information, visit our Autotrade Page.
Our service is only $135.00/mo! Sorry, we do not offer quarterly or annual rates. We do not have long term contracts and you may cancel at anytime.
If, for any reason, you do not wish to participate in our service any longer, simply log in to the members' area and go to your account profile. A Cancel Subscription button is there and will be effective immediately once pressed.
Depending on market conditions, we may trade weekly or monthly positions on various indices or equities.
We sell credit spreads that are either bullish or bearish in nature, depending on our forecast and how we structure the positions. If the conditions are right, we will pair the opened credit spreads with another credit spread to form an iron condor. This creates a trading range in which the underlying security can safely move. Sometimes we may use other strategies such as long calls or puts and straddles.
Market conditions change constantly and we have to change with them. There may be times where we open weekly
positions and at other times, monthly positions.
Currently, we will be trading weekly positions with a 1-day holding period. This reduces our exposure to risk.
Everyone's situation is different and this is something you'll need to figure out for yourself. Some of our members started trading with $10,000 or $20,000, earning $1000 to $2000 per month. Any trading amount less than $5000 may result in noticeably reduced returns due to broker commissions. Be sure that you DO NOT trade with your entire portfolio and NEVER put everything in one basket. Sometimes we may only be able to open one trade in a monthly cycle or more trades than usual. It all depends on the market.
This will depend on market conditions at that time.
Currently, we will be trading positions that expire on the same day to limit our exposure to risk.
These positions may expire on Mondays, Wednesdays or Fridays.
The hold time can be anywhere from 1 day to 4 weeks. It depends on the market conditions and when we see the right opportunity for a trade.
If all goes well, we don't have to close the trades at all. Instead, we wait for them to expire for a profit. When this happens, the positions are taken off the books and the premiums we collected become realized gains. Since we don't close the trades, we save on commission fees, increasing net profit. Of course, if things do go wrong, we buy back the positions to limit losses. If a position is doing great but we feel that recent news or economic data will jeopardize it, we will close the position to lock in a small profit and avoid the risk.
Autotrade is a service that certain brokers provide for their clients. When given authorization, brokers can submit trades for their clients in their accounts. Please visit our Autotrade Page for more information including a list of brokers.
This is up to the individual and what features or pricing are important to them. When it comes to autotrade, all of the brokers make their best attempt at filling orders. There will be times where one broker is unable to fill an order while the others are but it's because of the market moving away. If an order is not filled, they do not earn their commission fee so they have every incentive to try their best and fill all orders.
Credit/Debit ÷ Maintenance Requirement = Profit/Loss
When we first sell a spread, we receive a credit.
The maintenance requirement is the amount of cash the broker requires to open the spread. If we sell a $2.00 spread for $0.10, the
maintenance requirement would be $1.90 ($2.00 − $0.10). If we had just this spread alone and it expired worthless, we would
calculate the profit like this: $0.10 ÷ $1.90 = 5.26%
If we are able to sell the second spread, forming the iron condor, we add the credit from the second spread to the first. Let's say
we sold the second spread for $0.11. The return would be calculated as follows: $0.21 ÷ $1.90 = 10.53%.
If we have to buy back the position for more than our total credits, we would now have a debit. For example, if the market moved
against us and we bought back a spread for $0.35, subtract that from our total credit of $0.21 to get a debit of $0.14. Our return
would now be calculated this way: −$0.14 ÷ $1.90 = −7.37%.
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