Record Breaking Week!

Details

Created: Saturday, 10 May 2014 17:26

Written by OptionDave

The numbers are in, and despite our getting a late jump on the week by holding our Live Trading Class on Tuesday instead of the usual Monday, we have done something that has never been done before in ETNtrade's 5 year history:  40% RATE OF RETURN on our entire Mock Portfolio in 4 DAYS!  We began the week with $267,000 in our portfolio, and we ended the week with $375,000.  That is a profit of $108,000 less than 4 days.  What a week it was!

Now, let's break the numbers down a bit.  Probably the most impressive part of these numbers is the fact that we began the year with $100,000.  So, not only does that mean we are up 275% year-to-date, but it also means that we over doubled our initial investment this week alone.  While we cannot expect this every week, we sure don't need many like it to be happy for the month, or the year for that matter.  Many Traders would be happy quitting here and it would be their best year ever.  But not us... we are going to keep cool heads, not get greedy, keep doing what we do and keep making money. 

The trades that were most successful were our OTM Debit Spreads on Earnings, a few RICs and Iron Condors targeting the skew between Priced In and Average Move, and our best trade of all, a 400% ROR Put Condor on Priceline (PCLN). 

Are you impressed YET?  Our Members have reported some fantastic results themselves, and we look to continue growing, learning and making money.  Are you a Member?  If not, WHAT ARE YOU WAITING FOR?  We have one last Open Enrollment opportunity left for this quarter, and it will be this coming Monday night.  Join us for the Free Session by registering in the column on the right of this page.  If you have already been to an Intro Session and you are just ready to get onboard, feel free to do so at www.JoinETN.com.  If anyone has any questions, would like to chat or need any assistance in any way, do not hesitate to ask.  Support@ETNtrade.com. 

Happy Trading and God Bless!

OptionDave

$21,000+ in Profits This Week

Details

Created: Friday, 25 April 2014 17:28

Written by OptionDave

Another great weekly option expiration day has come and gone at ETNtrade, and a very profitable one it was.  Even though our Win/Loss Ratio was only 10 Wins to 8 Losses, we walked away the end of the week with an additional $21,000 in the books for our Mock Portfolio.  To update our Year to Date Numbers, we now have $250,477 in our mock portfolio.  Given that we started the year with $100,000, it is safe to say that we are well on our way to a record breaking year at ETNtrade.  I hope everyone reading this is onboard the train already, and if not, WHAT ARE YOU WAITING FOR?

Here are a few key takeaways from this week: 

• Wednesday's trades were spectacular.  6 of our 7 trades were profitable, with our best being AMZN which netted a whopping 284% Rate of Return.
• On our Free Class on Tuesday, we gave out a trade on AAPL that netted us a 107% Rate of Return in just 3 Days.
• We are still in one trade that expires next Friday and two that expire the 3rd Friday of May, and all three are looking good. 
• The mixture of trade types was very diverse.  We had some Iron Condors, Reverse Iron Condors, Credit Spreads, Debit Spreads, Butterflies, etc.  So, we attacked the market with a full toolbox and brought out the right ones to get each job done.

Have a great weekend everyone, and for our Premium Members, we will see you all on Monday at 1pm ET for our Live Trading Class.  Keep an eye out over the weekend for the Week's Watch List to be posted to the Calendar.  For everyone else, we will see you in May.  Keep in mind, the Core Training Series will be taking place starting May 6th, so if any of our Members would like to audit it again, you are welcome to join us. 

God Bless and Happy Trading,

OptionDave

Update: 129% ROR for 2014

Details

Created: Thursday, 17 April 2014 17:48

Written by OptionDave

With April Options Expiration coming and going today, we can now sit back and reflect on the month that has been.  And a good one it was for ETNtraders. 

Let's start with our $100,000 Mock Portfolio that we began with on January 6th of this year.  As of today, the portfolio is worth $229,650.  That is a 129% Rate of Return YTD.  Pretty impressive indeed.  This month alone, we started with a balance of $171,918 and added a healthy $57,732 over the April Expiration period. That makes April our most profitable month all year.  And just think what the Market was doing during that time...  quite a feat indeed.

So, how did we do it?  Well, quite simple.  We stuck to our guns.  We did not make any emotional adjustments to our trading style.  We ignored the rhetoric and talking heads, plowed ahead as always, mixing Technical Analysis, Option Spread Strategy, Probabilities and Volatility Equations into a fine tuned beast of a Trading System.  We mixed in some Bearish, Bullish and Neutral Strategies while focusing on our new Asset Allocation Model to keep us grounded.  All together, we proved that what we do truly WORKS.

It was a great month, and over the long weekend, let's not gloat or look back too much.  Instead, let's look forward to May, apply what we learned in our "learning experiences" (aka losing trades), and let's continue doing what works with our winning ways.  We will have our watch list out for our Members by Sunday.  Make sure you print that out and take a look at some opportunities for next week.  Bring those ideas to the Discussion Board so we can all participate in the discussion. 

If you are not onboard yet, WHAT ARE YOU WAITING FOR?  You already missed 129%... how much more can you AFFORD to sit by and watch slip through your fingers?  Join us at one of our Free Open Houses by clicking the link in the column to the right of this blog and join us for an hour and a half that will change your life forever, and that I promise! 

Have a great long weekend everyone, Happy Easter, and we will see you all on Monday at 1pm ET for our next Member-Only Live Trading Class.  Until then, Happy Trading.

OptionDave