Ok. Before we get started, and since we are talking about investing, I am required to give a quick disclaimer.
The information contained in this web site, manuals, reports, and or purchased educational materials, is for general informational and education. The materials and education is not a substitute for obtaining professional advice from a qualified person.
The author and or any affiliates distributing this information are not engaged in rendering any legal or professional services.
Options have risk. Prior to buying or selling an option, an investor should receive a copy of Characteristics and Risks of Standardized Options. You should download this document, to know the risks involved in options trading.
Investors must have broker to trade options, and meet suitability requirements.
All examples are for educational reasons. They are not a recommendation to trade a specific position. Therefore, if we talk about IBM, the RUT, SPX or any investment vehicle, are not specifically recommending an investment in that position. Past results are not necessarily indicative of future performance.
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MY Thoughts: Now let me tell you want this really means to me. Don’t try this at home, until you have paper traded the steps for several months. You might also, learn how to do a back test of the strategy. For example, when I first learned this strategy, I did a backtest of 5 years, to prove to myself, I could win 9 out of 10 times. Until you know the rules, how to pick a position, mistakes folks often make, adjustments (when it goes against you), contingency trading, don’t trade. And NEVER put all your money in to one trading system. Enjoy a great system.