We Have Reached the $1 million Mark!

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Created: Friday, 19 September 2014 18:52

Written by OtpionDave

The results are in for September Expiration, and the results are staggering. 

On January 6, 2014, ETNtraders began a Mock Portfolio with an initial investment of $100,000. As of August Expiration, that portfolio was worth $822,000.  Now that we have successfully completed our September Option Month, I am proud to report that our Mock Portfolio is now trading at $1,294,775. 

That is an amazing 1194% ROR Year-to-Date.  The best part of it all is that there is no fine print.  These were not back tested trades.  These were not hypothetical trades.  Each of these trades was entered LIVE on one of our Live Trading Classes, and each of them was exited either on the Discussion Board or in a Live Trade Exits Class like we had today.  All of the results are then logged and distributed to each of our Members via our Monthly Newsletter.

While these types of returns certainly raise eyebrows and can easily cause some to be skeptical, let me just say that I am just as shocked.  We have been happy in the past with 200-400% returns per year.  So I guess it is ok for us to brag just a little bit when we blow that out of the water like we are doing right now. 

So, how is your trading?  Yes, most Traders are having success right now, seeing as the Market is trading near all-time highs.  But what will you do when that changes?  How are you hedged for a down turn in the Market?  How will you profit from it?  All of these questions can be answered in a simple 95 minute Webinar with us.  Click on the link on the right of this page and register for the next Free Introduction to ETNtrade Webinar.  You will be very glad you did.  I hope to see everyone there!

Happy Trading,

OptionDave 

Choosing the Best Strategy

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Created: Tuesday, 05 August 2014 15:05

Written by OptionDave

One of the most popular questions I get at the conclusion of each Training Series is how a new Member should attack the Market. Some want to start off with multiple strategies in their toolbox. Others like to have one or two to focus on and master before moving forward.

So, what do I suggest is the best way to approach this? Well, as always I am not here to give specific investment advice, and I always encourage Traders to do their own due diligence. With that said, while I certainly believe that everyone is different, I have always been a proponent of mastering one strategy at a time. I guess the old adage “Jack of all trades, master of none” comes to mind here. Knowing a little bit about everything is certainly the best way to begin your trading career. However, once that foundation is laid, I believe it is time to build and the most effective way of doing this is one piece at a time.

The Training is designed to help us focus on all aspects of the Options World, and give a proper foundation for success moving forward. Once we have a foundation, it is much like building a house. What do you think would be the best way to construct a house: One wall at a time or work on all the walls and roof at the same time? Well, I am not contractor, but I think that mastering one thing at a time is probably the best and most efficient route. The same applies here.

For the beginning trader, mastering Calls and Puts is certainly the first step. Once we have those in our toolbox, Credit and Debit Spreads are the logical next step, then Calendars and Straddle/ Strangles, and then the advanced strategies. They typically build on one another anyways, so mastering the basic trades will make your efforts much easier when you are ready to tackle the advanced ones.

Now that we have that clear, the next question is which one is the “best strategy” to use? Well, that depends. I know, easy answer right? Well, when you think of all the different market conditions, all of the different types of Traders, etc. it is actually the only true answer. Rules based trading simply does not work. A one strategy approach to trading will never last over time. We have to think on our toes, be willing to mold with the market, change our approach when necessary, and only then will we realize true success. And this is all I want for ALL ETNtraders. No matter what your definition is, I wish you nothing but pure SUCCESS!

Happy Trading,

OptionDave

Upcoming Boot Camp Training

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Created: Wednesday, 09 July 2014 15:18

Written by OptionDave

Starting with this Friday's New Member Orientation, ETNtrade will begin another round of our popular Option Spread Trading Boot Camp Training Series.  This fantastic training will run July 15- 25 and will cover all aspects of option trading including Strategies, Risk Curve Analysis, the Greeks and most importantly the Psychology of Trading (to include Risk Management, Asset Allocation, Trading Plans, etc.).

Don't miss this opportunity to join us.  We will be hosting a Free Introduction Class this Thursday and we would love for you to join us.  You can simply click here to register: https://www2.gotomeeting.com/register/937532674.  On that class, we will cover the ETNtrade Trading System, put together some live trades and give you the opportunity to join us while saving $300 off the normal tuition rate for the Boot Camp. 

I hope to see you there!  Happy Trading,

OptionDave