So when you get the Options Trading Pro System what exactly can you expect? Well here is my summary:
The Options Trading Pro System reveals the 15 Secrets to having an AMAZING portfolio and trading system – below, we’re sharing 7 key things out of those 15. These things will change your mindset and approach to trading forever if you apply the techniques.
1. TRADE AS A BUSINESS WITH CONFIDENCE
Let’s start with the GOOD stuff. As the saying goes “Buy Low Sell High.” It’s a simple concept. But the Trading Pro System teaches you how to do this with a different twist – one that puts the odds very much in your favor. Like any business owner, you’re buying and selling a product. You have to think of your trading portfolio as your range of products. If you want to maintain business profitability, you need to know how to make adjustments to your prices as the underlying market moves up or down. It’s a way of trading that generates confidence!
To maintain good health, they say that you should work out 3 times a week. To keep your business healthy, you need to be in the habit of checking your positions at least 3 times a week and making any necessary adjustments or additions to your portfolio in order to stay profitable. The “exercise” takes about 15-30 minutes each time. It’s as simple as that.
You may be thinking “I don’t know anything about options”. Don’t worry! The first module starts with the basics and explains everything. You could call it “Options Trading for Dummies”.
Here is a new way to trade stocks and options – as a business. The emphasis is on risk management and building a portfolio of positions that can be managed ‘by the numbers’. Learning the craft, acquiring the skills required to be successful in this option trading business.
2. THE GREEKS – MANAGING BY THE NUMBERS
It is quite common for many investors to fall into a particular trading pattern where they end up repeating losses over and over again. This is mainly due to two things:- (1) Because they are trying to predict future market direction and get it wrong, and (2) They don’t have a business plan, a trading strategy that works consistently. Consequently, many traders become discouraged and blame the stock market!
So if you’re going to succeed in this business, you need to have a plan – one that makes money whichever way the market goes – up down or sideways, who cares! If you understand your product and the market that you’re in, you stand a much better chance at succeeding. It sure beats trading futures or forex! The secret is to understand “the option Greeks” and when you do, they work every time!
The “Greeks” play a critical role in your trading business. Dave totally demystifies them and explains exactly what these “Greeks” are in practical, easy to understand language so that you understand how they impact your business. The Greeks are the numbers you need to understand to profitably manage your option trading portfolio.
3. TRADE SELECTION AND STRATEGY
Well, this goes against the majority of traders thinking. We normally put all our effort into one or the other but hardly ever use them both, but this is extremely important. You see, although it’s important to be selective with your underlying stocks you must also know how to choose the ones that do what you want them to. This type of trading can seriously increase your net worth.
As your losses subside, you experience a new outlook on life. Confidence and excitement for each trade revive as you understand the trading system. So leave behind the anguish of trading and induce confidence in your business while implementing the trading strategy you have in place for each trade selection you make.
We’ve set the stage, now it’s time to get on with the work at hand. This is where things get good and interesting. What positions do we take? How do we determine when and how? Just what is options trading? Do ‘charts’ matter? What is the big picture behind what we’re doing?!
4. PORTFOLIO BUILDING
I’m talking about seriously giving thought to what trading system your trying to achieve. The Trading Pro System doesn’t rely on phone calls, internet searches, talking heads, fancy stock chart analysis and pattern recognition with a plethora of indicators etc. All you need to do is follow what “the greeks” are telling you and enjoy life … it is what I like to call “Simple Time”. The point is, to be knowledgeable enough about the numbers so that you just look at them for 15 minutes and adjust your positions if necessary, then spend the rest of with your family, free of any distractions. This will give your life new meaning.
Build a portfolio by putting on positions that work together. Not doing this is where many traders go wrong – they put on individual positions and do not understand how they affect your overall portfolio.
Diversification frames the option trading success , prices and strategies are a key to making consistent money every month.
This is the simply fundamental to being a good investor.
5. THE TOOLS OF THE TRADE
ThinkorSwim (TOS) is a US broker which, in my opinion has the best trading platform available. If you had to pay separately for the kind of analysis tools that they give you as an account holder it would cost many hundreds, if not thousands of dollars. But you get them free with TOS. Dave takes you inside the TOS platform and helps you access its power and potential.
(There are other programs/software that you can use to analyze your trades, but the TOS platform is also free when you open an account with them.)
6. PORTFOLIO MANAGEMENT BY THE GREEKS, ADJUSTMENTS, VIX and More…
The best strategies involve consistent and repetitive small successes rather than the occasional BIG ones that you hope that will take you to fame and riches. Why? Because that’s how you run a business and don’t waste money gambling on a lottery. You just need portfolio management skills and a plan. Managing by the greeks will put together a winning portfolio without frustration, because it shows restraint and this is the best thing for compounding your investment.
The idea is not to win big but to win every month.
Now that we have built our portfolio, how do we manage it by the numbers? By understanding “the Greeks” and then putting them into action. The key to success is knowing how to look at the numbers and know, without a doubt, what they mean and what to do with them, if anything needs fixing. This leads us to . . . . .
7. THE ART OF ADJUSTMENTS – THE SECRET KEY
Make it a habit to learn how to adjust your trades so that your money works well for you.
What happens when our positions don’t look good? This is where 99% of all traders receive a big lesson in humility from market … they have no clue what to do when a position goes against them and so they lose money. It’s too bad because most trades can be saved to turn them into a profit!
Imagine making one small change to your position and increasing your odds of making a profit by 80%! That’s what adjusting can do for you!
When Trading As A Business, you KNOW what to do. We trade with confidence. We know and understand that when a trade goes against us it’s an OPPORTUNITY to enhance our portfolio by adjusting. I call it Smart Allocation of Capital. The art of adjustments is the “missing link” in trading options that almost no one teaches.
So there you have it. We’ve just summarized 7 out of the 15 secrets that are taught by the Options Trading Pro System in over 40 videos, spanning about 24 hours of teaching time.