Blog - Road to $1million Trading Options

Discussion in 'Journals' started by BudFoxx, Mar 4, 2007.

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  1. BudFoxx

    BudFoxx

    Gold/metals breakout and i'll continue to take plays in this sector.

    I'm still far from 1mil, but just need a few good trades and we still have 5 more months.

    http://theoptionsreport.wordpress.com/
     
    #61     Jul 22, 2007
  2. djxput

    djxput

    Bud,

    I'm sure I'm not the only skeptic here. As in your goal to hit 1 mil off what is it 75k?

    Any reason why you dont post your trades here just your results?

    As for the gold chart ... to me ... ya kind of looks like a break out but who knows how long it could take.

    And I dont know about you but in my experience 'playing' with options they have a habit of bleeding you dry.
     
    #62     Jul 22, 2007
  3. neke

    neke

    The silence is deafening. Are we right to assume you've come to the end of the road?
     
    #63     Dec 1, 2007
  4. sogo

    sogo

    That road finished back in August which was the last month Budfoxx had a decent result. Do you really think this guy would be quiet if he was making any money?!

    In July he closed out three trades for 102, 435 and 40% respectively which made my small account with him at the time $8,130 which I was more than happy with.

    In August through the process of doubling up on losers and refusing to use stop loss orders he lost $9,138.

    There was more of the same in Sept. as another $2,500 was lost on three trades.

    October saw some frenetic trading and $1,590 was the profit from 17 trades.

    November's highlight was running with the uptrend in oil, USO, but unfortunately with puts. The $1 "mental" stop posted on his site was ignored, and the position expired worthless. 6 more losers and three wins of 2, 5 and 50% respectively closed out another losing month of $4,265.

    When queried about his cavalier attitude to his customers, whom he even called " lame" in his forum the reply was:
    BudFoxx Foxx (10/6/2007 1:55:31 AM): you're an idiot
    BudFoxx Foxx (10/6/2007 1:56:05 AM): fuck you
    BudFoxx Foxx (10/6/2007 1:56:16 AM): i dont have to deal with you
    BudFoxx Foxx (10/6/2007 1:56:44 AM): all you do is complain
    BudFoxx Foxx (10/6/2007 1:56:48 AM): you dumbfuck

    then after a few more 'fuck you's" his parting shot was:
    BudFoxx Foxx (10/6/2007 2:01:35 AM): just send my money bitch.
    BudFoxx Foxx (10/6/2007 2:01:36 AM): lol
    BudFoxx Foxx has signed out. (10/6/2007 2:01 AM)

    neke-does that answer your question?

    Full transcript of IM chats can of course be provided if required.
     
    #64     Dec 7, 2007
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