Get Started with these 4 easy steps:
1. Subscribe to my advisory service. The first 60 days is free. You can cancel at anytime. After 60 days a $59.95 monthly subscription fee starts. During the 60 day trial period you could earn enough profits to pay for 12 months of this guaranteed advisory service. Just click the PayPal button in the next column to subscribe. And if you feel you need a more time to try my service just send me an email and I will extent your trial an additional 60 days or however long it takes. I want every new subscriber to know exactly what they are doing before they start trading credit spreads and Iron Condors live with their own funds.
2. If you do not have a Brokerage account that allows you to trade options you must create one. These are the 4 most popular Brokerages with option trading capabilities: 1-OptionsXpress 2-Think Or Swim 3-Interactive Brokers 4-TradeKing.
A new option's broker, OptionsHouse, now has the lowest commissions of all the option brokers. They are charging only $9.95 for each trade and nothing for each contact. If you trade 10 contracts, 20 contracts or 100 contracts per leg your total commissions is only $9.95 and nothing more. A credit spread trade is two option legs and costs only $19.90 no matter how many contracts are traded. This is significant savings if you are trading 5 or more contracts. Click the "Contact Me" button to the right and I will send you an Excel report comparing the commission fees of all these brokers.
If you have never traded credit spreads I have Flash movie files with audio that explain the step by step processes for selecting and creating a Bull Put and Bear Call credit spread. I also have movies that illustrate how you would close and roll a spread trade to a new month.
3. Paper trading is the best way to lean all
aspects of trading options, especially credit
spreads. CBOE has a Free virtual
trading system. This system is free to use by anyone and
no brokerage account is needed. Paper trading is the best
way to learn how to execute, track and manage option
trades. For both new and experienced options traders this
system allows you execute trades associated with all the
option strategies. I recommend that all new subscribers
use this system during their 60 free trial to practice
trading all my trade alerts. Also, the system CBOE is
using is OptionsXpress's actual virtual trading system
which is one of the best available on the internet for
paper trading option strategies. CBOE
Virtual Trading.
4. Process the option spread trades I email and post to the members page. I will provide details on each trade, including and stop loss points. Each weekend I will email an update discussing all the open trades and comment on my trading plans for the next week. Click here to see a recent Weekly Update that is emailed and posted to the Members Page each weekend.