Color Coded Sections:
1. About Option Millionaires, Who We Are:
2. How We Do It & How YOU Can Do It:
3. Past Performance:
A.WITH A FEW VERIFIED WINS......AND ADVANCED ALERTS!
4. Lists and Links:
A. Watch lists
1. S/P
2. High beta
3. Weekly Options
B. Helpful Links with descriptions
5. Testimonials, tips and tricks
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1. About Option Millionaires, Who We Are:
A. In Early 2007, Jimmybob joined the Investorhub community. As a former trader in all exchanges, he quickly discovered the speculative world of penny stocks, including but not limited to pink sheet and the stocks formerly known as OTCBB.
In Feb of 2008, after having success in combining the world of penny stocks with the lucrative, yet volatile world of Options, Jimmybob (JB) opened up the Options Millionaire board on Investorshub. Bringing two worlds together with the thinking being, Trade Small, Profit Big. He had discovered the 'holy grail' of pennies---Options! With the abundance of issues that were beginning to come to light on pinks and otcbbs, that market was taking its toll on many he had met on investorhub. JB decided to show others what he had learned, in that the two very different markets could appeal to both penny traders and big board traders. Options Millionaire board was born, and uranium-pinto-beans(UPB) was added as a moderator the following month. This proved to be a great win/win for the board, in that later that same year, as the markets were falling apart, UPB was able to document a modest $200 starting point into just under $50,000 fye 2008
B. Below is Progression and Growth of the board:
2008 13,221 posts
2009 11,662 posts
2010 906 posts
2011 41,456 posts
2012 82,068 posts
In 2012, at the going rate, we are expecting to easily Surpass 100,000 posts about only Options. There is no site, thread, messageboard or blog like this anywhere on the internet. That is a guarantee!
C. In addition to Investorshub, there is also a website: http://www.optionmillionaires.com/ was born in Nov. 2013, and a live Chat room is now included. There are many many traders/brokers/investors who are NOT members of Investorshub and the chatroom provides live alerts as they are happening. We invite you come in and 'kick the tires' for 3 days with a free trial. Private chatroom members will receive alerts approx 2-3 mins earlier than public! --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2. How We Do It & How YOU Can Do It:
Very simply put, we are Trading Options.......Here are the steps we take which are suggested as a program of recovery for your portfolio. Our program is designed to assist the Newbie Trader, the trader who is just starting out, and the trader who is on the comeback trail. Seasoned traders will quickly see the benefits of what we are doing. We take the KISS approach, KEEP IT SIMPLE STUPID.
We are aware of many many Option sites online, NONE of which are doing it our way. I challenge you to log on to ANY OTHER option site and try to follow those guys. The lack of transparency and Information Overload that you are faced with, will confuse the average trader. We do it different, and that probably WHY this is the number OPTIONS trading forum online today. Do yourself a favor: Look around for a better site......when you get tired of looking, questioning and trying to figure out their REAL Modus operandi, which is to sell you a $249-$500 month email subscription, come on back and join us.
If YOU are a new trader, this is what you need to do to get started Today:
3. With YOUR broker, sign up for level 1 and level 2 Options Trading. At this point this is ALL you need!
4. We STRONGLY suggest that you take a full week to learn the terms and nomenclature of Options trading.
Here are some Tips on Papertrading......PAY ATTENTION:
A. If you will be live trading with some amount of money, be it $500, $2k, $5, $25k......whatever........It will do you NO GOOD to start papertrading with a largER amount.......you have killed a lot of time and you are already making a mistake: You have swung for the fence, before you even stepped up to bat. You may get a temporary Warm Fuzzy, but you have learned nothing about money management, the thrill of victory and the agony of defeat in the REAL world of trading! Been There, Done That!
B. You must Papertrade for a minimum of 2 weeks. In some cases it may take even longer. How will you know what is right for YOU: 1. Are you showing a profit after 1, 2, or 3 weeks? 2. do you have more winners than losers? 3. check your own confidence level....Do you think you can do this? 4. Are you doing this because its your last chance to recoup your losses.....ie......are you trading with FEAR as your partner?
C. Tell someone close to you what you are doing.......someone who has an interest in your success. It could be a Parent, a brother, sister, friend, husband or wife. I am NOT talking about a messageboard or chatroom........read it again! Do not be afraid to put your butt on the line and and have someone looking over your shoulder on each and every trade you make. In my particular case, i tell my wife "i bought aapl 500 puts'......a day later she asks 'how'd you do on those aapl puts?' I Promise you: you will think more closely about each trade you make!..........IF you really really want to put your butt on the line: copy and paste your trades to that person on a daily basis.........I will GUARANTEE you will trade better!
D. You must also remember that you are limited on the roundtrips, if you portfolio is not at acceptable levels.........Your papertrading should be the same!
E. At all times, 'bloom where you are planted' ......our site has traders at all levels, newbies, intermediates and experienced traders. If you arent capable of a 'hit and run' play, stick to bunts and singles. If you attempt to step outside of your comfort zone, your portfolio will quickly tell you how you are doing. You may get a lil grief from that friend or significant other you told, as well.............GET IT?
F. You must learn basic charting to begin with and in fact, continual study of charting is a Must!..you must know Why you are buying/selling a particular issue! Are you buying it because someone else is buying it? Do you see what he sees? Suppose he is wrong.....The very best traders i know are Wrong 30% of the time! You must keep your left arm straight on your follow through. Can you afford to lose your entire investment on that One trade? If you say yes, dont tell us.......go into the kitchen and tell your wife!........GET IT?
COMMON MISTAKES MADE...pay attention here!
1. buying too high........you see one moving or someone else gets 'DIRT' (generic symbol) and you wait too long to get in, which is very similar to
2. buying too late.......the stock has already made a big move and you have missed most of the move, be it short or long
3. you 'think' it will continue.............sometimes, you and i arent smart enough to know what the hell will continue, better leave that to seasoned traders.........you have 'projected' a number in your head and unfortunately that 'number' you have in your mind has skewed your thinking.......mikey tees off on 420 par 4, i should be on the green in 2 easily, birdie the hole and move on, i get to my ball and discover a pond in the middle of the damn fairway......play it as it lies, dont anticipate ahead of your capabilities!........if some goober says PCLN is 'done'.....and will be at 500 in 2 days......dont question PCLN, question the goober! what kind of track record does goober have?
4. throwing too much money at a play.......you are down and beat up........you are continually doing #1,#2 or #3...........so you double down on the next one in hopes of 'getting caught up'.......not realizing your stink is sill alive and well........why is that? beats me.......i am not doing #1,#2 or #3.....i digressed......your portfolio is stinking, your wife is on your ass, you have bills to pay, you are pissed, angry, beat up, you self esteem is locked away in a brown paper bag waiting to get thrown out.......you neeeeed a win........there is this sense of 'urgency' in your mind, if you dont do this today or this week its all over..........nonsense......THATS why the hell you are in trouble to begin with.........you are usually WRONG.......and you want to continue the streak by pushing the issue and trying to force a solution which will probably bring about a continuation of your losing streak!.........if your portfolio is UNDER $10K there is NO WAY you should be playing with more than $200 max PER PLAY..........MAX!!!!!!!!!!
5. blindly following someone else and relying on them 100%........its one thing to get a play from someone else........its something else to completely rely on them when you have no idea what you are doing in the play.......you are at the complete mercy of another trader........IF you follow another trader into a trade, YOU should be able to tell if YOU like it or not.........if YOU dont like it.......just walk away, renee'........and i dont care who the trader is, be it a jimmybob, bb, stockguy or t3live......
6. do you know how to chart a stock?..........intraday and daily?........you CANNOT POSSIBLY ever be worth a damn as a trader if you cant do basic T/A charting...........PERIOD!
7. Do you have watchlists...............how in the hell do you find stocks to play?..........do you wait for others?.........can you think for yourself or do you have to #5 it?
SOLUTIONS:
1. Stop trading real money IMMEDIATELY, if not sooner!...........
2. start PAPERTRADING..........learn to win again.......by 'win' i mean......buy it one price, sell it another price and realize profit..........and YES i know......it isnt the same as real money........no emotions(another topic) or skin in the game is different........duh, ya think?........i know, but what it WILL do, is test your entries and exits.........Can you pick one and do this simple task?.........before you say yes, check your portolio value, your track record suggests you CANT.........so, before you can even think about rebuilding your account, you have to SEE if you can even get to the starting line.......you have to prove it to yourself.......
3. When you are comfortable.......ie......back to smiling.....have relocated your piddling lil bag of self esteem.....and can successful call a good entry and exit more often than not.......you are probably ready to throw $100 at a blue chip play on a bottom, or top, whatever the case may be...calls or puts!
how do i know all this listed above?.......I have some personal experience with every damn one of em!
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Approximate amounts per Portfolio size:
$25,000+ = $400*
$15-$25,000 = $350*
$10-$15,000 = $250
$5-$10,000 = $200
$5000 or less = $100
The above estimates are just that... 'estimates' of approximately the *MAXIMUM amount any new(under 1 year) options trader should be trading!
If you have used something similar and your fighting record is 0-everything...either go back to papertrading and get your entries and exits in line or at the very least bring it all the way down to bottom tier!
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We have seen Numerous 'multibaggers'........it is not uncommon to see 5x, 10x, and even 20x or more returns on a few plays........is it Possible? Its MORE than possible, its Probable that we'll see it again and again, each month
In a recent 'experiment' Jimmybob decided to fund one of his little used accounts with $2000 and see what he could do with it..........all documented, btw........after two weeks, the previous record set by UPB in 2008 was exclipsed with a 6 figure portfolio, by JB..........How was he able to make these calls, time and time again over a 2 week period? In a few cases, there was some luck involved, in a few other cases, the chart was in play, but in most of the calls, it was just PURE INSTINCT........A rare Gift that i have seen only a couple of times in my 15 year trading history..........If you are reading this for the fist time, I am quite sure there is some disbelief or scepticism........that's not a problem, and i dont blame you.......Dont Believe ANYTHING you cant verify.......so here is what you do: Invest $8.33 and buy yourself an http://investorshub.advfn.com/ subscription and check the entries and exits yourself, with a simple search of http://investorshub.advfn.com/boards/profilea.aspx?user=90284 .........Yes, we call our Entries and Exits!
Here is the other side of the coin, as well: We have seen a number of folks lose a lot of money, by making too many mistakes, in a few cases we have even seen a couple of people completely blow out their entire portfolio. What did they do wrong? Listed below are the Danger zones, If you find yourself doing ANY of the following, and you are continually missing.......you must PULLBACK........IMMEDIATELY, IF NOT SOONER!.....you are doing it wrong and you may not be with us much longer, if you keep playing those ole tapes!
1. Playing with too much money...........Having 2k in an account and throwing 500 in a single play........or worse............INSANE!
2. Stepping outside YOUR personal comfort zone.........attempting to trade like others!
3. Swinging for the fence..........holding too long! targeting a number in your mind that a stock is destined to see.........you may be wrong, ya know?
4. Not studying.......Having no idea what you are doing and relying SOLELY on others for your plays, both entries and exits!
5. Lotto plays............that word should be banned from all trading sites.........i know some guys who have 'lotto'd' themselves out of business
6. Having No money management plan, whatsoever.......just throw something at it and hope something good happens. Hope is not a strategy.
7. Not listening to the voice of experience on the do's/ dont's........when some crusty ole fart tells you it didnt work for him, you prolly ought to listen!
8. Trading with fear.......needing to recoup $$$ because you are taking a standing 8 count in the corner, and your hands are tied behind your back.
9. Defensive trading.........playing a play but you are not comfortable with it, but in it because you see others in it
10. Insanity trading: making the same mistakes over and over again, each time expecting different results....~Lady GaGa
IF ANY OF THIS APPLIES TO YOU.....YOU NEED TO GO BACK TO SECTION 2........IMMEDIATELY!
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A FEW VERIFIED WINS WITH PRIOR ALERTS FOSL:
Alerted in Private Chatroom and Public Messageboard.....In that order: 02/14/2012 10:03:50 Bought 90 FOSL Feb 18 2012 110.0 Call @ 0.9
02/14/2012 10:03:49 Bought 5 FOSL Feb 18 2012 110.0 Call @ 0.9
02/14/2012 10:03:33 Bought 5 FOSL Feb 18 2012 110.0 Call @ 0.85
02/14/2012 09:49:30 Bought 20 FOSL Feb 18 2012 110.0 Call @ 0.6
PLEASE NOTE ALL TIMES LISTED ABOVE:
HOLD TIME: Approx 4min 38 secs.....
PROFIT: $9,529*
____________________________________________________________ SLV
SLV $33 calls $.24 x $.25
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Second alert: Silver seein a nice bounce right now, got my $33 calls!! go SLV!!!!!!!!!!!!!!!!
Total Cost: $1,050
Total Profit: $7,289
Hold time: 2 weeks
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WYNN
POSTED: THURS http://www.optionmillionaires.com/2012/for-the-wynn/ 3/01/2012
IN CHAT: "WYNN - broke out yesterday. $125 lotto calls at open if she is looking good and over $120." 3/01/2012
FRIDAY BUYS: 3/02/2012 WYNN oops i did it again ~ Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 2 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 6 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 5 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 1 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 14 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 7 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 7 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 7 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 11 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:28 03/02/12
Filled Buy to Open 30 WYNN MAR 2 2012 130.0 Call Limit 0.20 -- -- 11:56:31 03/02/12
Canceled Buy to Open 20 WYNN MAR 2 2012 130.0 Call Limit 0.10 -- 03/02/12 11:56:20 03/02/12
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FRIDAY SELLS: 3/02/2012
==================================================================================================================================================================== ?? out .20 to 1.70
Filled Sell to Close 61 WYNN MAR 2 2012 130.0 Call Limit 1.70 -- -- 12:09:53 03/02/12
Filled Sell to Close 39 WYNN MAR 2 2012 130.0 Call Limit 1.70 -- -- 12:09:53 03/02/12
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TOTAL COST: $2,000*.......
SELL PRICE: $17,000*....
time held: approx 2 hrs 30min
*verified with entry and exit posted
no bs......no spin.......just the facts!~~MIKEY
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ADDITIONAL ENTRIES AND EXITS:
___________________________________________________________________________________________________________ EDITORS NOTE: .........I could do this for DAYS........just watching, CHECKING and VERIFYING........but ENOUGH is ENOUGH.........I do have a life, lol............this young man, JIMMYBOB as he calls himself is VERY REAL........He has given me FREE REIGN to VERIFY and POST all of his public calls..............in my 15 years of ONLINE trading i have never seen anything like this, the ABOVE NOTES are not representative of all of his calls, this is a BRIEF OVERVIEW..........if you have ANY questions or concerns about ANYTHING that is posted here, please feel free to drop me a note. This board was created to assist all traders in learning their craft and helping to give you and your families have a better life, financially!
ALSO..........Again, i want to extend an invitation to join us in CHAT: http://www.optionmillionaires.com/ sign up today for 3 dayt trial , ..we have around 60 members and in most cases, they will receive the alerts approx 2-3 minutes ahead of public forums................and while we are talking about that: IF you are still a free member of http://investorshub.advfn.com/ , there is a very good chance that you probably are not serious about this business. If you refuse to ante up $8.33 a month(so you can do a simple search) for a basic membership, do you actually think you are going to be successful as a trader? You ABSOLUTELY, POSITIVELY, EMPHATICALLY must SUBCRIBE to "SOMETHING" to get the full benefit of trading. This is not an opinion, this is a fact! If you think of subscriptions as a COST, you are about as wrong as you can be...........SUBSCRIPTIONS, be they chatrooms, blogs, trading platforms, newsletters, etc.........are a MUST!.........ask yourself: are you looking for an EVENT or are you looking for a JOURNEY? Unfortunately, many newbies are just looking for that Event, that quick Win........ and are not willing to learn anything about your craft and your business...........remember this: you know you are a good trader, when all you need is the symbol and you can take it from there!
ON THE CALLS LISTED ABOVE, WE DO NOT RECOMMEND THAT YOU PLAY WITH THAT MUCH MONEY.........EVER! What JB/UPB can do and what you and I can do are worlds apart! But what you CAN do is play those same plays with a much smaller amount be it: $50, $75, $100 or $200
~Mikey ____________________________________________________________________________________________________________________________________________________ A. Watch list symbols..just copy and paste into your watch lists
1. S/P: AA AARP AXP BA BAC CAT CSCO CVX DD DIS GE HD HPQ IBM INTC DIRT DTCC JNJ JPM KO MCD MMM MRK NFL SFT FE PG T TRV UNH UTX VZ WMT XOM
2. High Beta stocks: AFL AXP AIG AMP AIV ASH AAWW ATLS ADSK ALV BDC CBS CGV CNH CBT COF CAT CE CBI C LF CPX CNW DLX DB DDS DTG DUDE UFS DOW EMN EDMC EXXI FFG FWLT HSNI HBI HOG HAR IBN IP JBL JHX JCI JLL JOY JNPR KB LAMR LVS LNC MET OIS IX OSK OC OI PVH PFG PL PRU RCL SLG SCHN HOT TEL TRW TCK TEN TX TXT THO TKR TRN URI X WBC WFC WLK WHR 3. Weekly Options: (Symbols Only) UPDATED Weekly Options updated 9/19/2012 AGQ,DIA,EEM,EFA,EWJ,EWZ,FAS,FAZ,FXE,FXI,GLD,GDX,IWM,QQQ,SDS,SLV,SPY,SSO,TBT,TLT,TNA,TZA,USO,UNG,
VXX,XLB,XLE,XLF,XME,AA,AAPL,ABX,ACN,AET,AIG,AMRN,AMZN,ANF,ANR,APA,APC,APKT,APOL,ARNA,AXP,BA,BAC,
BAX,BIDU,BMY,BP,BRKB,C,CAT,CF,CHK,CLF,CMG,COP,CSCO,CREE,CRM,CVX,DE,DELL,DMND,DNDN,EMC,F,FB,
FCX,FFIV,FMCN,FSLR,GE,GM,GMCR,GOOG,GPS,GRPN,GS,HAL,HD,HLF,HPQ,IBM,IDCC,INTC,IOC,JCP,JNJ,JOY,
JPM,KCG,KO,LNKD,LO,LULU,LVS,MA,MCD,MCP,MET,MGM,MMM,MMR,MOS,MRVL,MS,MSFT,MU,NAV,NEM,NFLX,NKE,NOK,
NTAP,NVDA,ORCL,OXY,PBR,PCLN,PCX,PFE,PG,POT,QCOM,QCOR,RIG,RIMM,S,SBUX,SHLD,SINA,SLB,SLW,SNDK,
STX,SU,T,TXN,UNH,UNP,UTX,V,VHC,VZ,WDC,WFC,WLT,WMB,WMT,WYNN,X,XOM,YHOO,YOKU,ZNGA
http://www.cboe.com/micro/weeklys/availableweeklys.aspx B. Helpful Links with descriptions
5. Testimonials, tips and tricks:
Great Newbie post:
Here are some helpful hints to newbie option traders compliments of 'VAZ'
1. i rarely, if ever, hold options overnight, especially weeklies. if i hold overnight its on a LEAP, long dated contract, that i bought at a discounted price (when the STOCK pulled back to support, not the option)..if its a weekly, i better have a dam good reason for holding overnight, and still i wont sleep well..ending the day with all cash...is so much better than worrying what that stock will do the next morning
2. if i am not comfortable with the play (second guessing myself), or i cant be at my desk to watch it like a hawk, ill take whatever profit is there..even if its $50...profit is profit..it all adds up, trust me..i dont, "let it ride"...thats my money, im taking it back...loss, profit,whatever...
3. most important to me: NEVER be afraid to admit your mistakes, or to take a loss...cut the losses as quickly as possible..admiiting what you saw in the trade to begin with, was never there, or , the situation changed, or whatever the cause of the loss..just admit to yourself..it was a bad trade and MOVE ON..do not get discouraged, learn from it..learn form it..learn from it..this way next time you'll understand a little better what your getting into...never get too low from the losses (same goes for wins, never get too high from them)
4. Going in BIG..is usually always the wrong move in options...a lot of money can be made from a very little..that is why we trade options...
5. I Never "follow" someone in a trade, strictly because he/she is a good trader..bad move..we all lose, nobody is perfect...if i dont understand what is taking place in that trade, then i should not participate...watch it from the sidelines and learn from it . IF you think you can keep up with vantillian at karaoke, guess again, he is ELVIS!
6. if i miss a trade, so what, i know and am comfortable with, knowing that there are endless oppurtunities in trading options...i'll just catch the next one..if i sell my option at a loss, then it goes ape chit and i could made so much $$$$...so what, i just feel more comfortable knowing that what i did to begin with was the right move, learn from it and move on
7. understanding that anything can happen, anyday, anytime...first thing i say every morning is, "today is going to be a great day!..not knowing what the markets will do...that way i am ready for whatever unfolds..europe, obama, short restrictions,CNBC, earnings report, news, greek debt, yahoo news headlines..i dont give a chit...be ready for anything and stay focused on your screen, not the BS around it
if this post helps even 1 person, it was worth the time
good luck trading
and i know, tomorrow will be a great day!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68391025 _________________________________________________________________________________________________________________________
FINVIZ SECTORS MOVING
