Andrew Crowder's  Instablog

Andrew Crowder
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Over the last few years I have worked diligently towards refining several of my favorite and most successful stock options strategies. My hard work and diligence have proven to be a success and now I want to share my ideas and strategies with a limited group of like-minded investors. My options... More
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  • Another Good Week for “My Options Portfolio” 0 comments
    Jun 4, 2010 11:45 PM

     Obviously I am pleased with the win ratio (93.75%) since I initiated My Options Portfolio, but I am a realist. I realize there is no holy grail in trading. One thing I do know for certain is that I have found several unique, and concrete, options trading strategies that makes the world of sense to me and I trade them to hopefully make money over the long-term. Furthermore, I realize that the less I trade, the better my strategy will perform over the long run: and the long run is what matters. Hopefully, I can continue my winning ways and extend the gains going forward.

    Patience is the key ingredient to the success of this strategy and forcing a trade is, in most cases, detrimental to any strategy. My Options Portfolio requires patience coupled with a disciplined approach. The strategy will make approximately, 5 to 10 recommendations a month with holding periods of 1 to 15 days, however; there will be some months when no recommendations are made. The key to my strategy is patience. Waiting for the appropriate scenario to recommend trades with a high probability of success is what makes this strategy a success.

    As I stated in my FREE Weekend Report (sign-up on the sidebar) patience is the key to an effective and long-term trading success.  As Todd Harrison states Opportunities are made up easier than losses. So if you let a few pass you by don’t dwell on what could have been. There will always be more opportunities around the corner. Remember, this is a marathon not a sprint.

    I will continue to patiently wait for opportunities to arise and only trade scenarios where the probability is overwhelmingly on my side. Couple this approach with sound risk management and you can see why I have been able to beat the major benchmarks by a substantial margin.

    This week was quite successful as I made $1,225 in My Options Portfolio. The portfolio gained 3.6%. So far the portfolio is up 27.5% since it was initiated back in early May. I want to keep My Options Portfolio transparent so that all of you can continue to follow my trading ideas. Just click on the Options Portfolio tab at the top of the page to see all of my trades. You can also verify my trades on a monthly basis as I also include all of the trades directly from my TOS account.

    Here are my trades for the week. Please do not hesitate to email me with any questions that you might have. I want to build a community of traders, more specifically options traders. Join the community by participating in the daily discussion under the comments section of each post.

    Click to see all of the trades

    I will be back later with a look at next week and beyond. I hope all of you have a wonderful weekend and like I said before, contribute, participate and share your insightful trading ideas. Lets make this the premier online options trading site. Remember, just click on the comments section below each post to make a comment.

    Disclosure: no positions
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