Just wanted to toss in a caution to newbie traders. Beward of the pattern day trader rule. I believe ES has a daytrading account, so these jump in and jump out trades are ok. If you do not have a day trading account, you might be forced to remain in these trades for a bit longer.
It seems this new gap strategy (Crowder) lasts under one day most of the time and may not be appropriate for an IRA account...but this is the first OptionSmart trade that went this fast, that I can remember. Crowder has another strategy named extreme...these seem to be longer trades. Perhaps the holiday effected the decisions of these traders... I am more and more fascinated with Peak Investing, but I have commitiments with my funds in another project this year and will need to wait to add Peak investing as I am spread too thin. The advisory costs are still low, but I need more capital to justify adding one more to the mix. I have generous help from ThinkorSwim with their willingness to adjust my commish...without a minimum. Be patient, time will tell. No moving fast here... Michael B.
Just to set the record straight. The results at www.crowderinvestments.com are real not hypothetical. I hope this clears up a few misconceptions about the service. The track record is only since the beginning of 2006 but the results are real.
Please excuse me, I stand corrected. You are correct. But my decision to use Crowder was based on a personal recommendation and again I am not here to sell anything. I am here to learn. I hope that it is ok with Mr Crowder to be posting these trade calls after the fact. I will stop immediately at his request and I would never re-distribute his signals before the fact. Now that I know that the results that are published on his site are real, then that makes me feel even better about my decision. It was troubling that I went against my principals, now I can say that I have never used an advisory that publishes anything but actual results. I will need about one year to recommend him and I did not even know of him until last month. As I have mentioned I have been with OptionSmart for two years and I am very thankful to them for allowing me to profit enough to purchase my small Condo with. I sincerely believe that I will reach my goals of 5% per month through proper money management. I realize my goals may seem lofty, but considering the past results of these carefully chosen and integrated advisories I believe I will achieve them. What I am struggling with just now, is the Peak Investing Advisory. I need more information and if anybody has any insight into what Bob Coppa is trading over there please let me know. Now back to the matter at hand. How can I learn how to trade options through observing these trades? There must be a way to analyze what is being put on and why. I do believe that AutoTrading will keep me out of trouble long enough to learn. By combining advisories there may be some advanced observances that can be made and perhaps hedging ideas can be discovered. I purposley choose advisories that complement one another...I think...Peak Investing seems to be the type of volitility exposure that I need in the OEX, compared to what the other two advisories are doing. Michael B.
I do not want this thread to turn into some sort of advisory advertisement or I will request that ET close this thread. So please respect the rules here in ET and understand the levity that is being granted. Any abuses will not be tolerated. I am sad that OptionsCoach is not contributing and I can assure you that I will listen if he is willing to teach. Michael B. 3,578 views
Yes - Options do follow the PDT rule. I found that out the hard way But, luckily no harm came out of it. I now manage my trades keeping that in mind so I won't pass the limit set by my broker (IB).
I would start by considering what type of trades they are making, and under what circumstances seasoned traders would consider these trades. I.E. high/low IV, Support/Resistance, etc... I think that you will notice a trend starting to form. That is the problem with running an advisory. A savvy trader can usually adopt your methodology for picking trades quite quickly without ever being instructed on how to do so.