I don't mean to be a party pooper but this is the 2007 results on your website: http://theoptionsreport.com/option_trades_log_2007.htm At the end of June its shows a total option gain of +138%. This is not a total account gain, just an accumulated option gain total. On the website you recommend investing no more than 10% of one's total option trading account. So with 10% of one's total account invested per trade, an accumulated option gains of +138% equals a gross total account gain of +13.8%. Commissions knock off roughly -6% of the total account gain, makes a net total year to date account return of +7.8%. This averages a total monthly account gain of +1.3%. Your subscription fee is 149.95 per month. So based on all the above figures, that would place an option trading account close to negative for the year. "Now then, my question to you Bud Foxx is, how did $30K get to $300K with the kind of trading displayed in the Performance section of theoptionreport.com website?"
It seems 138% is just for the most recent trade; Isn't the cumulative for 2007 reported as 971% (upper right cell).
Your right I mis-read the results. "I sincerely apoligize Bud Foxx, that's a good return." Lets redo the figures: +971% total accumulated option gains is a +97.1% total gross account gain for year to date 2007. Roughly -6% commissions takes it to +91.1% total net account gain year to date. Average monthly gain of +15%. But I still don't see how +91.1% can take $30K to $300K? $30K to $300K in 6 months is a total account gain of +900%! Doesn't add up by a factor of almost 10 (+91% versus +900%).
The blog site he gave at the beginning of the thread is : http://theoptionsreport.wordpress.com/ and not http://theoptionsreport.com/ that you quoted. They appear to be different results. In any case he has no update on his site since May 21.
It's been a while since I posted.. but I had a rough June but July has been great so far. http://theoptionsreport.wordpress.com/ Account is still up 758% for year.
Impressive numbers. Why not take $100k from both accounts and put it aside? You could even do a short-term money market ETF if you didn't want to lose all of the associated buying power.
The figures presented are misleading. I've seen other "services" present trading results that way to draw in the newbs. Definitely not something you could get running a portfolio - i.e. Real Life. Hard to say what this guy is really doing.
bullish breakout on gold, buy sept/oct calls on various names. few aug positions on recent breakouts... ie GG
Agree...have been aggressively buying since mid last week.. Don't know much about stocks..but futures, futures/options work too... Medium term target for Oct gold is 707...30-45 days...