- Written by OptionDave
To start off the New Year with the right foot forward, ETNtrade has added many new features to our Membership to continue our goal of being the #1 Option Trader Resource. One of those features is our brand new Mock Portfolio. We have put together a spreadsheet that will track all of our trades we demonstrated in our Live Trading Classes throughout the year. It tracks live entry pricing, live exit pricing, commissions, and any other cost associated with trading. In short, it is as authentic as one could get as to what a portfolio would look like if doing all of the trades we discuss at ETNtrade. Even though the purpose of our Live Trading Sessions is strictly education, I feel it is important to track the results as well to ensure that what we are teaching actually works in real life. Who else out there does that? I can't think of anyone either...
To set things up, we started off with a $100,000 portfolio. For some, that may be a little more than you would start with. For others, it is less. I chose that number so that I could take ALL of the trades that we take in our classes. That means there may be times that I am in 25-30 trades at one time. I need the capital to be able to accomplish that.
Another new feature is that we are now ranking our trades with Asset Allocation "Units". One unit can be defined as a predetermined amount of money that we will put into each trade. So, on a 1-10 scale, we can account for those trades we would put less into, and those we would put more into. For our tracking purposes, 1 unit will equal 1% of the portfolio, and therefore 10 units would be 10%. So, at no time will we have more than 10% of our portfolio at risk in any one trade. Others may want to use a different ratio, but this works very nicely for us in this mock case.
So how are we doing so far in 2014? Well, with a starting base of $100,000 on January 6, I am proud to announce that as of expiration today, January 24th, we have a Mock Portfolio worth $125,113.48. While we cannot expect this type of return every 2-3 weeks in the Market, it sure does say quite a bit about whether the techniques we teach at ETNtrade actually work. I can say, not only with words but also with numbers, that indeed, THEY WORK! We consistently have proven this over the last 4+ years, and will continue to do so moving forward.
I also would like to point out that these numbers are ABSOLUTELY NOT back-tested trades. Many people show off great trade results, but if you look at the fine print at the bottom of the page, you find they were back testing. Well sure, that is no surprise they made money, now is it? Anyone can be successful if looking back on the Market to place past trades. Heck, I would just bet that the Broncos will face the Seahawks in the Super Bowl instead. I mean, statistics would have suggested it a month ago, so why not "back-test" a bet on it? See how silly that sounds? That is not real trading. Real Traders have to trade in Real Time. So, all of our trades in our Mock Portfolio are not only delivered in a Member-Only Live Trading format, but they are also tracked on our Member-Only Discussion Board as well, both entry and exits and they are done LIVE in the Market. Real Trades, Real Time and more importantly... Real Results!
And we are just getting started. I am excited for Monday, when we get to explore a whole new set of trades and continue to grow our Mock Portfolio to all new highs. Will you be joining us? For more details on how, email us by the start of the Training on January 28th, as that will be the final day of Open Enrollment: Support@ETNtrade.com. We would love to have you all onboard!
Also, if you would like to see the spreadsheet with all of our trade results, I would be glad to share it with you. Just email me and let me know: Dave@ETNtrade.com.
We will see all of our Current Members on Monday and all of our New Members on Tuesday!