It's been a difficult trading environment, to say the least and this will be the first full year featuring our new Top Trade Alerts™ (Members Only) and I look forward to doing these educational review sessions at least each quarter (our last one was Thanksgiving) to review both our trade ideas and our use of options to make those trade ideas as profitable as possible.
Top Trade Alerts are sent out once or twice a week via EMail and Text Message from our Basic and Premium Live Member's Chat Room. These trades are just a very small portion of what we discuss during chat each day, but hopefully a good representative sample of the dozens of trade ideas we share with our Members each week in our Live Member Chat Room as well as our Weekly Live Webinars (Thursday's replay can be seen here).
Keep in mind these are just snapshots of trades as of today – it's up to you to take good trades off the table and cut the losses (or make adjustments) on ones that go bad. We're always discussing adjustments in our Live Member Chat Room – join us there for follow-ups.
On Nov 6th, however, we had an eventual fail on our BTU spread – it was the Dec $10/11 bull call spread for 0.65 and it did start out well as BTU hit $12 a week later but it never made it over and ended up falling back to $8 – causing the spread to expire worthless for those who held on to the bitter end. This is why setting stops on…
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