Ok…I joined the LTR, because of both the quality of the teaching and the community. But I have found that I continue attending for the number one benefit of the help that Michael attempts to give to ‘learners’ like myself.
I first just want to thank Mark & Michael. I have been trading options on my own for the last 3 years. Due to a change in life, I joined your room the beginning of the month and love your trade management approach. Utilizing able trade and your suggestions I profited over $12k this month.
I have been in Profit Builder since about December and have learned alot. Not ever having traded options before, thanks to you, I have made a great leap in my understanding and confidence in making SICP trades and Credit spreads. You are the best.
Thanks Michael for calling the game we are playing. You are awesome!!!! My second week in the room, started with 50K…………live all cash value now……….$76432. All in cash. Can’t wait to trade Monday. You have a great weekend, I’m going to the casino 😎.
i know that you guys like to hear trading success stories from members of the OMM community, so here is one that required no adjustments, no management, just a little patience: On feb 14 i opened a 5 point SICP on SPX 2290/2295/2395/2400 for 1.22 on puts, 1.18 on calls. on feb 15 i widened both sides for $2300 profit leaving 1.19 on puts and 1.17 on calls. on March 15th, i closed the puts for .85 (+$300 more in profit). today i closed the calls at break even. 10 contracts. $2600 profit.
I’m paper trading and made $420 this morning so far following you. Making $8k to $10k per month is financial independence for many people. I wish everybody knew about you guys!!
In a way I’m glad the market is doing what it’s doing, as in giving us lots of position management “opportunities”. In my case that’s the most important thing I’m learning.
To all you guys at Options Money Maker, another thank you for what you’re doing. After attending the SICP training series I’ve been placing trades in my account and seeing how it really works, and its very exciting to see it all come together. The math is a little tricky but the light bulb is coming on. 20% return on risk is my goal. I’m trying with 2 trades per week using the Wednesday & Friday expirations on SPX only. I’ll reserve Monday expirations for management positions. My first GTC closed out today, and I did indeed make 20% on the risk. Once you understand how this strategy works, its very simple indeed and the time commitment to making this work is the best part. I’m spending less time on my computer and more time living as the result. I’m hoping to trade SICPs exclusively for the long term, this is the most stress free trading strategy I’ve found yet.
To the Great!!! OMM Team.
Phone App works!!! Great!!!
Thank you ?
via a webinar that you did for members of Chaikin Analytics.
Thanks again so much for this SIC training. All the math is starting to come together in my head (and I really struggle with math), but I’m getting it! This morning I just locked in a modest $383 profit on a 1 contract SIC. (attached is my trophy, a screen grab of the trade lots) 4 weeks out, forgiveness factors: call side 25, put side 30. Original credit call side: 1.75, then 1.58 after repositioning. Put side credit 1.15, then 1.27. Total credit stands at 5.75, New cost basis is a little low, but a positive number: 1.92. So GTC set for 2 even. I’m going to hold it and let the clock tick. If either side gets ITM I’ll place another SIC around the entire thing, and weed out the losing side of the original SIC. Just thought to let you know, I try to tell my wife how exciting this stuff is and she just smiles and has no idea what I’m talking about. Thanks again.
To all you guys at OMM, a really big thank you. Per the SIC training seminar series, I opened my own first SIC credit spread on SPX this Monday, didn’t see anything actionable on Tuesday, but then today, Wednesday, I saw I could reposition the long call and the short put for an overall profit (the long call was for a very small loss but maintained the 10 pt iron condor and provided an overall profit) I then immediately closed out of the entire trade…like 5 minutes later, and retained a .65 profit. I only placed this order for 1 contract so made about $45 for the whole thing but let me tell you, I am more excited about that $45 then the anything else I’ve made following your trade alerts because I did this on my own. This stuff is pure gold.
Tonight’s webinar was another outstanding presentation from OMM.
I know I compliment you all frequently, but believe me I always feel you deliver a heck of a lot more than you promise.
Best of all, Your teaching is not just theory, it is vital knowledge that can lead to solid consistent
I will try to think of something complain about sooner or later. Chuckle.
CRAZY thankful I am beginning to see the light with trading with you guys and especially the Seed IC’s! Last 5-6 weeks have profited me over $9,000.
Thanks again for all the help and assistance you and the OMM team provide. I’m a HUGE fan of your service and have thoroughly enjoyed learning how to trade options over the past 7 months. Looking forward to learning more through the Profit Maker program for the next six months (at least).
Erin, I very much appreciate the advance notice on setting up SICs. Also love your explanations on how to manage these.
I very much enjoy trading with you and Mark, I especially get a kick out of the way you two banter back and forth. If you knew me better, I would bash you both, in fun of course.
I was in the live trading room from the first day Mark started it a few years ago. He has changed somewhat how he trades, partly because of you and Able Sys. which I respect. (I made a little over $23,000 that first month and have never looked back)
Mark taught me how to have the confidence to take the trade, and manage it later if I got it wrong, that I could manage my way out of almost anything.
I was gone from the trading room for a while, because I stayed with my Uncle on the family homestead so he could live out his life on the only place he knew. He passed away in May, and I came back full time, or part time I should say, because of my patience level. I try to make my goal, and then head out to work on the ranch.
I fell in love with the rancher lifestyle. Now I trade options with you guys, and have 70 head of cattle that I love to work with. The balance is awesome, and you guys are the greatest ever!!!
I originally learned to trade stocks based on candle stick charts and price movement, never really got away from that, just use it now to trade options. I listen in and follow the Able trend sys you guys use to back me up.
Michael you have been awesome describing the correct time to enter a trade. I am getting better using /able trends thanks to your commentary. I gave up on the Ameritrade signal and switched to eSignal when they had issues.
Hi Michael: I want to thank you for showing me something I think I am going to use in the future. I have been trading your Nov 2100P on the SPX and making money almost every day. I like it because I am not worried about time. I have simulated the leg and when the price goes below $25 I start buying and $ cost avg. as it goes lower. I have managed to close it out for $2 profit almost every day or every other day.
Just legged into a put debit spread on spx at zero credit. By the way, I completed the leg in trade when I stopped to get some gas. Gas cost me 28 dollars. Will close my spread tomorrow for around 200. I’m traveling for free!
Cannot describe how much I value/appreciate your support/responses! It is what separates you guys from the pack.
Just a quick note to say a “BIG Thank You” for painstakingly explaining and demonstrating the inner workings of capturing profits using “Seed Iron Condors”.
In past I have used them, but just followed along and did not fully understand how they worked.
Your Monday report, where you walked thru the inner workings really turned the light bulb on for me.
I stayed with the NDX DecWk3 4890/4900 Call and did not widen it to 15-point spread, since I have a 74 cent Positive Credit and I had no need to go negative-credit on any position, since I did not have any positions which needed to be covered.
Keep up the GREAT Work !!
Love your Daily Reviews !!
Following your profit builder daily videos I am up $961 in two weeks of trading on relatively small amount of capital at risk. LOVE those Iron Condor trades!
Thanks for all of your amazing mentoring and coaching! You have a rare gift girl.
When SPX hit the 3 min Resistance I covered my SPX 2170 PUT, with 2165 and got a 3.20 credit which is $307.98 net What I like about this Long Debit spread is that if the market keeps trending down I do even better. I’m just doing what Mark D. says to do.
Hey Michael, thanks for your words during yesterday’s Q&A, after a bad trade this morning where i lost some, i took a deep breath and placed a new trade where i legged into a vertical in SPX where i landed a -1.60 cost basis. i kept hearing what you said. i appreciate how even keeled everyone on the team is. Thanks!
I have never known such and incredible program you have put together. A hardy compliment to you and your team. I have been in the Profit Builder program for 6 months and have just placed my first trade using the Profit Accelerator system. I am a very nervous trader who 2nd guesses my every move, but you guys are so supportive and calm that it increases my confidence. Thank you, this is life changing!
Cramer just posted his Investing “Dream Team”…I’m wondering why Mark and Michael are not on it.
I’ve been in here for a year now and I just wanted to say to those who may be on the fence…the education here is invaluable and the personal help cannot be compared. I have studied around a lot, and this is more than excellent value here. The Daily Positions Review is really helpful. I find myself waiting for it!!!!! JUMP OFF that fence……you will learn and can carry this knowledge of trading the indexes to the management of all your trades.