Saturday Success Story - Rick, Maryland
At MarketClub, our mission is to help you become a better trader. Our passion is creating superior trading tools to help you achieve your goals—no matter which way the markets move—we promise objective and unbiased recommendations not available from brokers.
Here’s great news from a member…
“I have been using MarketClub for over 3 years and I first started out entering common stocks from the Trade Triangles and trading options on them. Since I do different trading methods, I have been recently using the Trade Triangles to time my selling of futures options. I look for an uptrend of at least +75 and then look for a far out of the money call whose strike price is at least double the current futures price and then sell one or more calls and let the option expire. I have found MarketClub to be the only service that combines several methods in choosing a position into one website.” ~ Rick H., Maryland
To send your own success story, please email blog@ino.com. We wish all of our members the best and we look forward to hearing your success story.
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Rick H. from Maryland posted his success story on Saturday, August 15th. Can we get more specifics on his method? It wasn’t entirely clear what he meant by “Uptrend of at least +75″ and I’d like to make sure I under “strike price at least double the current future price”. I think I understand both of these but I’d like to make sure.
Hi Stan,
Just to let you know Rick provided this information to us, but it’s up to him if he wants to share his methods. If comments to you great, but be warned that he may not.
Best,
Lindsay Thompson
Director of New Business Development
INO.com & MarketClub
Rick,
Does this mean that you are betting against the trend?
(Selling calls ahead of a positive trend.)
Karen.