How To Trade Oil Options - Conservative Options …How I place trades with a 90% probability of...
Transcript of How To Trade Oil Options - Conservative Options …How I place trades with a 90% probability of...
Summary of the Training:
How To Trade Oil Options
Safely and Profitably, Without Being Glued
to the Screen All Day, Having a Ton of
Money, or Being An Oil Expert.
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HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF
WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT
WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE
ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND
THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM ONE
OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY
PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES
NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY
ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE
ABILITY TO WITHSTAND LOSSES OR ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF
TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL
TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN
GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT
BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS
AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
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Welcome, welcome, welcome.
I am super excited to have you here.
We have a lot to cover.
I am going to reveal a proprietary trading system that I use to trade oil options,
and how it is in fact much easier to trade than just about any other market out
there.
I will also be revealing
How I place trades with a 90% probability of working out and do this in less than
20 minutes per day.
And I will be answering your questions at the end to make sure there is no
confusion.
If you have traded options before, either equity or commodity options, you
already know 80% of what you need to be successful. I want to fill you in on the
remaining 20%.
Meet Dale
I want to first introduce you to Dale.
Dale is a sweet guy, he’s a 78 year old retired business owner. He lives with his
wife in a small town called Amarillo Texas, and he spends his days fishing, going
into town, spending time with his wife, and trading options.
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You see, Dale was one of the first few people that learned the stuff I am going to
share with you on this training. And since then, he has fallen in love with oil
options.
I had the good fortune to interview him about his results.
You can hear the entire interview at:
https://optiongenius.com/bct-student-interviews/
There were two things he said that hit me like a load of bricks.
The first was that…
1. If he had found out about OptionGenius, (my company) sooner, he would
have been able to retire 10 years earlier.
10 years? Wow.
Isn’t that something? 10 extra years of not having to work?
But he kept going…
2. He said that when he started using the same strategy I am going to share
with you here, he started with a $4,000 account. And in his first year, he
turns that $4k into 21 thousand!
Yes, you heard right. He had a gain of $17,000 in his first year.
Or in other words a 425% yearly gain.
And that is with real money. No paper trading or backtesting or any of that “what
if” results that you see all over the place being used by trading “gurus”.
Imagine that!
425% in a year! In his spare time from a small town.
That is the power of what I am about to share with you and why I am so excited!
Are you with me?
But you might be asking yourself why is he sharing this method? If it’s so great,
why not keep it for himself?
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My Mission
Because of my mission.
My Mission is to help 10,000 individual investors achieve financial independence.
Actually it is more than that. I sincerely think we can end world poverty, but I
think the best way to do that is to lift all boats. If I can do my part my helping
people like you achieve their dreams then I am sure you will turn around and help
others, and on and on. We just pay it forward.
It’s a huge goal, but those are the only kind that move the needle. It’s only the
really big goals that make us really excited and really stretch our limits. You never
make much progress unless you get out of your comfort zone.
I am sure you are probably asking yourself…
What makes this webinar different?
Today I am going to let you in on my secret underground market trading plan…
I’ve been testing and tweaking this plan for over five years now and I am finally
sharing it with others.
And unlike most “gurus” and “trading experts” you see…
I am actually paying the bills DOING what I’m about to teach you.
Agenda
1. I want to show you the best and easiest way to be profitable trading
options. I have beat the market returns every year since I started trading
this way.
2. I will reveal the 3 Secrets of trading oil.
3. How to determine how oil will move.
4. And lastly I will give you my trading plan and take you through how to
implement it.
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This is all backed up with over 5 years of trading, thousands of trades, lot of ups
and downs, celebrations and heartaches, but in the end, it was all worth it.
Why this is Critically IMPORTANT to you right now
If you are anything like me, you have probably tried several different trading
methods in your quest to be a better trader. But sadly, the results of those
methods don’t always live up to the hype.
How many of these have you tried already?
Stocks, bonds, options, forex, binaries, swing trading, day trading, Vegas.
So why aren’t you rich yet?
They were either too complicated, took too long to see results, took too much
money to implement, or just didn’t work for some other reason.
Isn’t that soooo dang frustrating?
Everywhere you turn, it seems people are using all of these to make fortunes.
Trust me, I know how it feels.
It makes you doubt yourself. Before I figured it out, I remember telling myself I
was too stupid to be a trader. But it wasn’t me. And the problem is not you either.
The problem is that you either did not have a method that actually worked, or you
did not have the support to figure it out.
Does that make sense?
It’s time your search ended today.
What we are going to cover is crucial, because Like it or not, you are caught
between a rock and a hard place.
On one hand, you are getting older – you probably have fewer working days
ahead of you than behind.
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But on the other hand, your time spent in retirement is getting longer.
You are going to need more money for retirement because you are going to live
longer – much longer than before.
In the US, if you are male and already 65, you can expect to live another 18 years!
The big questions is? Will your savings make it to the end?
Or are you like the 48% of Americans who don’t even expect to retire before 65?
You know, almost weekly, I get emails from folks who are in this same boat. They
are getting older, cannot work like they used to if at all, expenses are higher now
than before, and they are stressed out because they do not know how they will
survive.
It’s totally heart breaking.
Don’t even get me started on how the markets are rigged against us individual
investors.
When was the last time you made money on 100% of your trades in a year?
Never? How about in a month?
High frequency traders do it all the time. There are firms out there that have 1
losing trade for every 1,000 they do.
Well over 70% of all trades are done by computer.
How do you expect to compete?
You can’t unless you have an edge.
A method or system that puts the odds in your favor.
It’s enough to make you want to pull your hair out.
Seriously, there has got to be a better way!
The good news is, that there is.
And I want to share it with you in this presentation.
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Meet Michael
I want to introduce you to Michael.
You see Michael, is much like you. A normal guy, working a normal job, and
thinking he was on the right path to retirement.
But he wanted to make sure, especially since he is already in his 50s, so Mike and
his wife paid a visit to their financial planner who they have used for years.
That’s when they got the devastating news.
Even after putting money away for decades they were not going to have enough
in assets to retire on time…
He said they had no choice but to keep working for another 5-10 years into
retirement.
Can you imagine how he must have felt? I assure you he was not smiling like he is
in this picture.
Their dreams of golfing in the afternoons, visiting the kids, traveling … all
vanishing before their eyes.
I want to make sure that you don’t end up in the same boat, or if you are already
in this situation that you have options on how to save yourself.
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Is this you?
Before we go further we need to make sure you are in the right place.
Do any of these describe you?
You are investing and doing your best but you need to earn more than what the
bonds and index funds are paying, and at the same time take less risk.
You just need more money every month. Your need a larger monthly income. This
system can be set up to pay you every month. And that income can be left to
grow the account or taken out and enjoyed. Oh, and the gains are taxed at less
than short term trading tax rates!
If you can’t sleep at night because you don’t know how you will provide in
retirement or you are scared a healthcare emergency could wipe out your
savings, this could change all that for you.
Or if you want to take your destiny in your own hands and trade for a living,
you’re gonna love this, especially if you don’t already have an edge in trading. I’ll
show you my edge and how to use it.
If you are looking to diversify, this is for you because the market I am going to
show you is uncorrelated to the stock market.
If you have ever lost money listening to someone else’s advice, it is time to trade
for yourself.
If you want to achieve your financial goals and have plenty of time to spend on
fun stuff, pay strict attention.
If you work a job and cannot trade during the day, what I am going to show you
tonight will allow you to not only place trades after hours, but get filled on those
trades as well.
So what would your life look like if you became a profitable trader winning on
most of your trades?
Would you travel more?
Buy more toys?
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Relax more knowing that you have a lot less to worry about?
Knowing that you can take money from the markets when you need it.
Can you imagine what the feels like?
Wouldn’t it be awesome?
More than the toys, the trips, and all that, I want for you the peace of mind that
comes from knowing your finances are secure. That is the ultimate freedom.
Knowing that no matter what happens tomorrow, what the economy is doing,
what the markets are doing, what your health is like, what your job or business
situation is, that you have the knowledge and the confidence to just go into the
markets and take out the money you need, month after month.
Not only that. But with this knowledge and ability you have the chance to pay it
forward… to help your family, your kids, your parents, the less fortunate, and
generally have a great status of living.
House Rules
Now before we go any further I want to express some House Rules.
First off, there is nothing here for those with a get rich quick mentality. I am sure
you have been promised untold riches by others, but that is not what I am all
about. I preach financial conservatism, not sure if that is a word, but I preach
safety. Not taking excess risk and hitting base hits instead of going for grand
slams.
Secondly, if you have never traded a stock before, I am afraid most of this will be
over your head.
Third, this is probably not you, but if you already know everything, then this is not
for you either. What I am about to show you works for me, and it has worked for
my students, so all I ask is you keep an open mind and be open to learning.
Let me ask you, are you will to learn? Are you willing to hear about something
new?
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We already know that over 90% of individual traders lose money. Right now, you
are probably part of that statistic.
But what about the other 10%? They must know something or be doing
something that you are not right?
I am going to show you in just a few minutes how to join the 10% of successful
traders doing it the way I do.
And lastly, I must tell you that my results are not typical. I am not going to claim
you can make a certain amount of money with this system. I cannot guarantee
that you will make any money. But what I can guarantee you is that if you do
nothing with this, than nothing will change for you. The only way to change your
circumstances is to take notes, soak it all in, and implement.
What I am going to show you, is the way I trade this system and how you can do it
too.
Ok, now that we have that out of the way, let’s move on.
Who Am I?
Hi, my name is Allen Sama,
Head Trader at OptionGenius.com….
Creator of the Weeklytradingsystem
Author of the book How To Protect Your Portfolio
For the past 10 years, I’ve been studying Investing and Option Selling in particular.
I’ve spent about 14,000 hours trading, read over 300 books, watched countless
videos, taken 14 different seminars, and spent over $100,000 on trading tools:
software, systems, courses, etc.
Over the past decade that I have been trading full time, I have done a lot of things
right, and now hundreds of people are members of my sites and many others
have bought my trainings.
One of the most common questions I get asked is,
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“Allen how do I get profitable? Or how do I make it as a trader or investor”
Well here is what I tell my own family
I would want to find a way that you can get started quickly – that is simple
and not too complicated.
I would want to start with very little investment in case I only had a little
money or even no money at all.
I would want a method that is forgiving, so when I screw up, and we all
screw up, that the trade could still work.
Something that will be profitable for the rest of my life, that I can do in just
a few minutes a day and that I can grow into. Starting small and reinvesting
my profits to the gains get larger and larger.
The good news is, that the method I am about the show you – meets all these
criteria.
The Best Way To Be Profitable
So what is the Best and Easiest way to be profitable with options?
Simple – you have to sell options instead of buy them.
Now, I could go on and on for hours about the benefits of selling options, but I
just want to go over the basics so we are all on the same page.
For those of you unfamiliar with selling options, when you sell options, you are
essentially selling time.
Options decay with time. They expire.
By selling options,
I have been able to place trades that have an 80-90% probability of
working.
Have a potential return on investment of over 10% a month
I always know my risk before I get into a trade
And it just takes a few minutes a day.
It sounds too good to be true doesn’t it? That’s what I thought at first too.
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But it is 100% real and I am going to show you exactly how to do it in just a few…
Option Selling has a ton of benefits.
It is easy to understand.
It is super hard to mess up
It is used every day by hedge funds, market makers, and professional
traders
Some of the most successful investors sell options: Like Warren Buffet, the
Rich Dad Poor Dad guy, and Mark Cuban. Even Forbes magazine repeatedly
tells its readers to sell options.
That’s some pretty good company don’t you think?
In all my years of trading, I have not found an
easier,
more relaxed,
yet lucrative method of trading
that works in all market environments: up, down, and sideways.
Doesn’t that sound like the perfect way to trade?
So what is holding you back?
There is a ton of info online? Why haven’t you beaten this game yet?
Inconsistent results?
Lack of discipline?
No time for finding trade?
Markets are rigged against the little guy?
Not sure what to trade?
Technical indicators are too complicated?
I feel your pain. I’ve been through it just like you have.
And that is exactly why I have put this training together. Because you deserve
better.
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Trading should not be so hard.
Don’t you agree with me?
And if you do it my way, it’s not.
An Example Trade
Here, let me show you with an example.
This example is real. Meaning that on 12/14/2016 you could have made this
trade.
If you were to sell 1 oil option contract that gives you a 90% probability of profit,
with 34 days to expiration, you would have to put up $1,317 for the trade.
For this you would be paid $270.
• This means the trade will take a maximum of 34 days (my trades last on
average 14 days).
• Based on statistics the trade has a 90% probability of expiring worthless.
• You are far away from the money, so even if Oil moves against you, they
trade can still win.
• You are required to put up $1,317 to do the trade.
• You get a credit right away in your account of $270.
If the option expires worthless you stand to make a 20.5% gain in 34 days.
(270 divided by 1317 = 20.5%)
Based on statistics the trade has a 90% probability of expiring worthless. There are some very smart people behind the math that is used to come up with these statistics. Several have been awarded the Nobel prize for their work in pricing options. Since you are far away from the money even if Oil moves against you, the trade can still win.
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You are required to put up $1,317 to do the trade. That is what you have to have in your account, also known as the margin requirement. But, you get a credit right away in your account of $270. You get this as soon as you do the trade and can take it out or use it for something else.
If this option expires, remember you have a 90% change of that happening, you
stand to make a 20.5% gain in just 34 days. Isn’t than an amazing return?
Do you see how powerful this is?
Let’s look at another.
What if, instead of 1 option, you sold 10?
You would put up $13,170 but have the potential to make $2,700.
And get this… this is only for a Put option. Later on I will show you how to sell
both Puts and Calls at the same time to double your potential profit without
increasing your margin! Stay tuned for that.
How I Found Oil Options
I’ve been trading options on equities for a while now.
But I didn’t start trading Oil option until 2012
I still trade equity options, but I wanted to see if there was something easier,
safer, and more lucrative out there.
So I went looking for a way to make things simpler.
That’s when I found commodities
Commodities are things like Soybeans, Gold, Oil, Corn, and there are many more.
This was very intriguing, I kept digging and researching.
I found that of all the commodities, there was one that was
amazingly liquid,
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price supported,
in super high demand,
and irreplaceable in today’s world.
Doesn’t that sound awesome?
1. On a daily basis there are hundreds of billions of dollars worth of this
commodity traded every day.
2. There is a legitimate floor beneath the price – it cannot stay below this
level.
3. There is no substitute for it in the world.
4. And everybody wants and needs it. Heck, wars have been fought over it.
So I start selling options in my “underground market”.
I started off using my regular trading account just trying to make $1,000 a month.
It took a short time to get the hang of it.
But, eventually I started getting consistent. And that was when things got really
exciting.
Here are some results from 2012
Again, I was just trying to make $1,000 a month.
The results over 13 months was a gain of $9,570.
Isn’t that awesome?
I lost money in only one month out of 13.
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Are you excited yet? I am going to show you exactly what I did to get these
results.
Imagine if you did that.
Wouldn’t your self-confidence be through the roof?
Wouldn’t you be on top of the world?
I know I was.
Most traders I know are not experienced with selling options on futures and on oil
in particular.
If you fall into this category and have only traded futures options only a little or
none at all, than I am so excited for you. This is going to be like your first trip to
Disneyland.
The 3 Secrets
There are 3 secrets that I need to share with you. The 3 things most individual
investors do not know about the Oil market.
Secret #3: Trading oil options is safer and more lucrative than equity options. A
real life example will prove my point.
Secret #2: You do not need to be an expert in oil to trade it profitably and I will
show you how
Secret #1: Trading options does not have to be risky, if you put the odds in your
favor. How does an 80-90% probability of success on every trade sounds to you?
Pretty good right?
Secret #3: Oil Options are safer and more lucrative than equity options…
When you can take a lot of the risk out, while keeping the potential for huge gains
you have an amazing combination that is hard to beat.
Ok so this is actually what someone told me not too long ago. I spent a lot of time
with him explaining how I trade oil and this is what he said…
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“Allen, my wife knows someone who lost a lot of money in futures and she won’t
let me. “
At first I did not know what to say, I thought he was joking. But he was dead
serious.
So I said to him,
“Does your wife know anyone who has ever been in a car accident? And she still
lets you drive?” He didn’t have a response to that.
But all jokes aside.
You probably know or have heard of someone who lost money in futures. But that
person probably did not know what he was doing and he surely did not have my
system.
The truth of the matter is, that if you are not willing to try something new, or you
give up even before you get started, your life will never change.
And that is why you are reading right, because you want things to change?
Seriously, there are so many reasons why Oil is awesome to trade that most
traders don’t even know about. So let’s go through just a few of them.
Reason 1: It is actually much easier to trade because it is relatively easy to
determine the direction of oil. And I will show you how in a moment. In fact, I
have an exercise that will show you how to do it yourself.
Reason 2: Unlike stocks or gold, oil has actual value. It is used in everything from
gasoline, to plastics, to tires, to shampoo. The world cannot live without oil right
now. It’s not just for energy.
Don’t you agree?
Reason3: There is an economic law that dictates which direction oil will move.
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Once you understand the law, you can predict with an amazing level of accuracy
which direction oil will move.
That Law is the LAW OF SUPPLY AND DEMAND.
Think about it.
Over the long term:
If there is too much oil, prices go down.
If there is too little oil prices go up.
The only reason Oil prices move is an unbalance in supply/demand.
This is unlike Stocks which can move on earnings, interest rates, SEC investigation,
high exec quitting, currency issues, weather, and on and on.
In just a bit, I am going to guide you in use this law to determine price movement
with real examples, so stay tuned for that.
Reason 4: There is an actual floor in the price of Oil. It cannot go to zero.
There is a cost to drill the wells, pump it out, store it and transport it. We cannot
just print more whenever we want to dilute the price.
Reason 5: Oil is uncorrelated to the stock markets. This is wonderful for
diversification. Especially if you already own a ton of stock in your retirement
accounts.
Reason 6: Oil Producers Want a Stable Oil Price
OPEC and non-OPEC countries depend on their Oil revenues to run their
countries. They want a high price, but not so high that It spurs investment into
alternative fuels. They don’t want a low price because that will mean less money
for their governments.
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And after the move to over $100 in 2015 and the drop to $26 in 2016, they have
learned their lessons. They want it stable.
Another aspect of Oil, is that the producers tell us exactly what they are doing.
Just one example is when Saudi Arabia told the world in 2015 that they would not
cut back on production even if the price fell.
That meant an unbalance in supply/demand and that meant prices would drop
which they did. It was a great time for oil option traders.
Because we knew in advance what prices would do.
Reason 7: The Futures Markets Protect Traders
If you are scared to trade futures, I bet you didn’t know this…
The futures markets protect their traders
How about if there is a Black Swan event. Something unpredictable and massive
that rattles the world markets.
Stocks will probably tank, but oil might go up or down depending on if it will
disrupt supply/demand.
And what if oil makes a huge one day move? A humongous crazy move in one
direction?
Well, that is not possible. There are no flash crashes in futures.
Futures markets have what is called Lock Limit.
This where if oil moves a certain amount in a day, the futures exchanges will
actually Lock or freeze oil from trading. The price will stay the same until the next
day. Although the price of oil freezes, the options markets keep trading and even
in this worst case/end of the world scenario option traders can still exit their
positions.
Isn’t that a relief?
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Also futures markets are open almost 24 hour a day. So if something does happen
and you happen to be awake and learn about it, you can take action immediately
unlike your stock trading friends who have to wait until morning
And during normal times, if things get volatile, the futures exchanges change the
margin requirements. They require more money on hand per contract: this
impacts both futures and options.
What that means is that this forces you to trade fewer contracts when things are
more volatile and lets you trade greater contracts when oil is less volatile. The
exchanges are your friends.
Did I explain that properly? Did you get that and how it affords you extra
protection?
When the trading gets dangerous you are going to have less money at risk
automatically because the futures exchanges will hold you back.
Reason 8: Not only that, but oil is super liquid. You can trade with $1,000 or
Millions and you still won’t make a dent in the market.
Reason 9: More lucrative and safer
In terms of premium, oil options pay out more in premium and allow you to be
farther away from the money than stock options.
To demonstrate, I compared selling a naked put option in oil to a naked put
option in one of the world’s largest companies and a favorite trading vehicle for
many individual investors: Apple
This data is as of 03/16/2016
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I tied to match them as close as I could.
The probability of profit on both is 88%. The statistic takes many factors into
account, like implied volatility, Average True Range, and many other calculations
that are beyond the scope of this example.
And both expire in 30 days
The credit received is very different. $40 vs $350. Remember this is for just one
option contract.
That makes the potential ROI a lopsided comparison.
Almost 21% return for the oil option compared to only 3% for the apple option
with the same probability and for the same amount of time.
Margin for the oil option is a little higher
But the oil option is a safer trade as well because it is much farther away from the
money.
13.6% vs 8%
Which would you rather have?
So not only do you get a much, much, higher rate of return with the same
probability of winning, but you get the added benefit of having a greater margin
of safety.
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The higher ROI also allows a trader, if he chooses to be in the trade for a shorter
amount of time.
In the above example, if you want to make the 3% from the Apple option, you
have to be in the trade all the way to expiration. With the oil option, you can exit
much, much sooner – as soon as you hit your profit target.
In my trades I am usually out of them in about 14 days.
This also cuts down on what is known as market risk. That is the risk of always
being in the market.
See if my trades take only 14 days, I can take half the month off and not have my
money at risk, in case something bad does happen.
Reason 10: This is a great time to sell options on Oil
After the large moves of the last few years, everyone wants stability in oil prices.
You have a market whose price is decided by man.
And when the whole world wants a stable price, they are going to get it.
Keep in mind that option sellers make great money when oil is trending up or
trending down, but we make a lot more when oil is stable and moving sideways.
Secret #2
This brings us to secret #2: You do not need to be an expert in Oil to be a
profitable oil option trader.
Which Way Is Oil Headed?
In order to determine which way Oil will move, we only need to look at 2 things.
And I am going to teach you right here, right now, what those two things are.
First we are going to look at the Fundamentals and the Technicals
Stick with me, it’s a lot simpler than you think.
In order to determine the fundamentals we need to look at supply and demand.
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How much oil is being pumped, and how much is being used?
Where you can get that info?
The federal government is the best source.
The U.S. Energy Information Administration puts out regular notices and
forecasts. This is the source everyone goes to for the latest, unbiased news about
oil and energy.
Eia.gov is their website. If you want you can spend hours a day there pouring
over surveys, geological reports, and a lot more.
The financial media is another awesome free source of information.
All the news outlets run stories on Oil and many cover oil in extreme detail.
Futures Now from CNBC is actually my favorite.
And get this, all this info is free.
There is no “inside information” when it comes to Oil production. Everyone finds
out everything at the same time.
POP Quiz
Let’s say that on a daily basis, the oil companies drill 95 million barrels, but the
world only uses about 92 million barrels.
They are over pumping by 3 million barrels day, or roughly 3% more than the
world requires.
What would happen to oil prices, especially if this kept up for a long time?
Answer: They would go down.
This is the exact scenario that played out in 2015.
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And that is the primary reason Oil prices dropped from over $100 in 2014 to
below $30 in January 2016.)
See? You got it. That is how you read the fundamentals in oil.
Great job! Now let’s learn how to read the technicals
In addition to the long term outlook, we also need to have a general idea what oil
is going to do in the next few days.
That is where simple technical analysis comes in.
Knowing where there is support and resistance on the charts can help pinpoint
your entries.
So when it comes to oil trading, you can tell the direction of the trend by knowing
the fundamentals, and you can tell what oil will do in the next few days by looking
at the technicals.
Which technicals?
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Support and resistance lines as well as trendlines. That is all you really need.
There is really no need to mess with complicated indicators, chart patterns, tea
leaves, star charts or anything else
Check out this chart:
As you can see, when Oil gets to a certain price but cannot break above, it
becomes a line of resistance.
When it cannot break below a certain price, it becomes support.
When it comes to technical analysis this just about all you need to know.
If you can draw some lines, you are good. Remember, keep it simple
Secret #1:
This brings us to the #1 Secret: Trading options does not have to be risky…if you
put the odds in your favor
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Oil Options Work the same way as stock options
If you have traded an equity option, you already know how to trade a futures
option. They are almost identical.
Here is an option chain for SPY and one for Oil (/CL)
Placing trades on oil options is the same as placing a regular option trade.
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On your trading platform, they look the same, they act the same, you click the
same buttons to trade them, use the same types of orders, and track them the
same way.
I bet if I had not labeled them here, you would not be able to tell which is which.
Pricing though is a little different. And I love this.
When you sell a stock option for a .30 credit you get $30, but when you sell an
oil option for .30 you get $300.
Not only that, but as I showed you earlier, you get to sell a lot further away from
the money than in equity options for greater % returns.
At this point in the training I showed a video of myself putting on an oil option
trade so you can see for yourself how simple I have made it.
Putting on the trade takes less than 5 minutes, and monitoring your trades daily is
as easy as checking what the price of oil is. If you have to adjust or exit a trade,
that can be done in less than 5 minutes as well.
So let’s backtrack for a second.
There are so many reason why oil is an amazing market to trade
You have the 3 Special Protections that you don’t have in any other market.
You can break down how the price is going to move by knowing two things: how
much oil is being pumped, and how much is being used
Oil options are safer and more lucrative than stock options because they offer
higher ROI with less risk.
And by selling oil options, you have trades with a very high probability of success
and a high return.
I love the fact that you can sell options on Oil, just like on stocks.
If you can trade options on stocks, you can trade options on Oil.
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Every option strategy that is used on stocks can be used on Oil.
When I found out about this, I knew this was it.
This was the Holy Grail I was looking for.
The Strategy
So in Secret 2, I showed you how to identify the trend and determine if Oil is
going Higher, Lower, or Sideways.
Now we need to pick a strategy.
I like to keep it simple, so I suggest using either the naked option or the credit
spread.
Why?
They are so easy to trade and understand.
Sell a $50 Call option – as long as Oil is trading below $50 when your option
expires, your trade wins.
Boom, isn’t that simple?
Low commissions
The simpler the strategy the lower the commissions involved.
Everyone likes lower commissions right?
High Returns.
I myself, aim to make anywhere from 5 -10% a month. That’s a month, not a year.
I don’t know about you, but that is an awesome return in my book and I aim for a
90% probability of success on each trade.
Would you be ok with that? Making 5% a month in something totally diversified
from the stock market?
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Very easy to manage.
When a trade goes against you, which they sometimes do, you want to be able to
adjust or exit the trade. These two strategies allow that better than any other.
Hold on a minute, Allen, Aren’t naked options very dangerous?
Not if you know what you are doing.
There are basically 2 reasons people are scared of naked options.
1. They are afraid of getting assigned the stock or in this case the oil.
2. They are afraid of large movements in price which if they occur can cause
large losses very quickly.
Let’s address both of these issues.
With my system you will not be assigned.
In order for an option to be assigned, it should be either in the money or very
close to it, and have very little time left to expiration.
Since we never let our options go into the money or even close to the money and
we exit all our positions way before expiration, getting assigned is something I
don’t have to worry about. In fact, in all the thousands of oil options I have sold, I
have NEVER been assigned.
With my system you do not have to worry about large moves because…
1. We sell our options very, very far away from the money. No one or two day
move will get your options in so much trouble you cannot react.
2. Unlike stocks, futures have something called Lock Limit. If there is a black
swan event and oil moves a huge amount in one day, it will be locked. The
price will be frozen for the rest of the day. Options will continue to trade so
option traders, like us can exit our positions.
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3. Oil trades almost 24 hours a day so if you ever get scared, you can always
exit your positions.
Because of all these reasons, I feel very confident in saying that selling naked
options is not as risky in oil as it is in stocks.
But if you still want extra protection, you can simply sell credit spreads, which still
provide great returns, but give you the benefit of knowing the maximum you can
lose in the trade.
POP Quick #2
Take a look at this chart:
Is oil moving up, down or sideways?
Answer: Lower. Oil is generally moving lower.
So in this case, I would be bearish to sideways.
I would do either sell a Call or if you like, a Call Credit Spread.
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And I would do this out of the money.
I would sell the option that gives me an 85- 90% probability of expiring worthless.)
That would look something like this:
The line the blue arrow is pointing to is where my short Call would be.
The way the trade works is that, on expiration day, as long as Oil is trading below
the strike price of my Call, this option would expire out of the money and I would
keep all the premium I get for selling it.
Notice how far away from the current price my short strike is.
I can win in this trade, if oil keeps going down, if it goes sideways, or even if it
jumps up a little.
As long as it does not move up higher than my strike the trade will win.
TRADING WITH A 90% PROBABILITY OF SUCCESS IF OIL GOES UP, DOWN, OR
SIDEWAYS
So let’s recap:
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Once we have identified which way oil is moving, we sell either puts or calls
depending on if we are bullish or bearish.
AND…this is huge…If we think Oil is going sideways, we can sell both puts and calls
and make double the return without any additional capital at risk.
The options we sell would have a 90% probability of success, meaning that at
expiration 9 out of 10 trades would expire worthless.
This doesn’t mean the 10th trade loses a ton of money. It means we exited early or
got stopped out at an acceptable loss.
And depending on the volatility at the time, we can make a safe 5-8% return for
our trouble.
I myself aim for 10% a month but even if I get 5% I am very happy.
Now, you might also be wondering, how long do these trade last?
It varies. Sometimes I can get in and out the next day. Sometimes it takes a few
weeks, but the average days I am in a trade is about 14 days.
But for me this still wasn’t good enough.
I had amazing stretches where for months I could do no wrong, and then I had
unexpected losses that threw me for a loop.
There had to be a way to limit the losses further or avoid them altogether.
Then it hit me.
There was one element, one piece of the puzzle that I had ignored. As an equity
trader I never had to worry about this before.
This one element caused me to suffer my largest losses.
And that one element is: Margin.
Margin is the one major difference in futures and stocks trading and something
every futures or oil options trader needs to understand to trade well.
I lost the most when I did not manage my margin.
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And so I kept tweaking.
I kept improving my trading plan. Until I nailed it.
After about 4 years of trading and testing, I developed the 15 Rules of Dominance.
These Rules are the culmination of all these years of trading and hundreds and
hundreds of trades.
These Rules take the 3 Secrets I just shared with you to the next level.
They brought it all together, covered all the contingencies, they cover how and
when to get in a trade, when to get out, how to manage it, how to limit losses,
and how to adjust.
Take all my trading knowledge away, and if you just leave me with my 15 Rules of
Dominance, I will be ok. That’s the power they have.
But I wanted to see if this would work for others and not just for me.
So I held a small class with a handful of people.
And guess what?
They LOVED it!
Here are some of their comments (Last names have been erased to protect
privacy).
Jim said he generated over 10% in 2 out of 3 months.
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Kuanoe says his trades for February made $1,290
Stuart made 5.44% in January and has been making over 5% a month
William exited his January trade early for a gain of $2,600
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How’s that for some great returns?
Would you be happy with 5% a month? Or 10%?
Imagine if you too make $2,600 a month more than you do now, how sweet
would that be?
I’m sure some of you are thinking, that is not possible for you...and I get that. But
I know that if you asked any of these guys a few months ago, they would have
said the same thing.
I’m so happy for these guys, aren’t you happy for them?
Here are some more.
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Michael made $1,750 which was a 12.4% gain
Peter made $800 on his trade
And Michelle made $2,356 on her paper trades.
These are ordinary people just like you.
And these are their results from their first couple months of trading my way. They
have not been doing this for years.
Are you getting excited yet?
Can you see the potential?
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Paul here, on his first trade, made 27% in just 9 days.
How much do you want to make on your first trade?
Paul was brand new to this and he did great by just following the rules.
How about you? Can you follow some simple rules?
If yes, you can do this…
Here are some more happy campers…
Myles made $120 Gain Per Contract
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Steve made a $190 gain on his first trade with one contract.
And some more….
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Normally when it comes to trading, it is male dominated. Not too many women
get into trading for some reason.. But Janice is doing a great job by bucking that
trend.
Here she is making a $220 Gain per contract on her first trade!
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When she started, her husband thought she was wasting her time.
But she sure proved him wrong….
Is there anyone in your life right now that is skeptical of you trading?
There probably is right?
Wouldn’t it feel great to prove them wrong?
I promised Janice I would help her prove her husband wrong, and I will do the
same for you…
If that is ok with you…
Something to keep in mind… all these results so far have come after just a
couple months of trading… these folks had just gotten started.. they got these
fabulous results right out of the gate.
So these folks have had some great results as soon as they started. But what
about seeing some long term results?
Some more, like Dale that I told you about earlier who made 425% in his first
year.
Now this post from Rodney came after a full year of trading a large account.
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Over $100k in a year.
See, your account size makes no difference – small or large, this flat out works.
Hey, you remember Michael…
the one whose financial planner said he would have to work another 5-10 years
into retirement?
Well guess what? He took my course too.. and he is happy to report that…
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In his first twelve months, he is already up over 93%.
Not only is he going to retire on time, he is on track to retire early.
How amazing is that?
A total turn around that happened because he took action.
Are You Interested?
What if we put that power to work in your life?
What kind of difference would this make to you? To make an additional thousand
bucks a month like I used to?
That’s 12 grand a year – for some that’s a lot of money.
But it doesn’t have to stop there. It can be scaled up as much as you want.
You’ve already seen how some students have ramped it up to make a lot more
than $1,000 a month.
Remember, billions of dollars of oil is traded everyday. To get more, just increase
the number of contracts – that’s it.
Look, you are on this training because you want to:
Improve your trading results in a big way,
while spending less time at it,
and it would be great if there was a shortcut. A simple path you could follow or a
method you could model that would give you the results you desire.
Let me ask you a question.
I’ve given you a ton of information on how to implement this system
I’ve shown you why you should trade Oil
Why you should sell options on oil
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And the 3 steps to take to be profitable.
But how would you like some help in implementing this?
Would it be ok if I helped you personally to get this going?
To hold your hand on the journey?
You’ve listened to me, you’ve heard my story, and so you know I can help you.
If you want that kind of help and those kinds of results, then let me show you
what I’m super excited about sharing with you…
The Blank Check Trading Course
This course is designed to help you:
Take control of your financial future,
by generating market beating returns,
while lowering your overall risk
all within 20 minutes a day.
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If you want to
Stop Worrying About Retirement, and you want to
Generate extra monthly income, while you still have time to
Enjoy Your Life in a way that is
Brain Dead Simple and you want all this to take just
20 Minutes A Day, then
This is specifically for you.
I created this to make it color by the numbers simple.
You don’t have to go through the stress of trying to figure it out,
the fear of if you can make it as a trader or not,
the utter loneliness of trading cause we will be doing this together,
and you don’t have to grind it out for over 4 years.
I went through all that already. You don’t need to.
So what’s in the course?
Everything you need to succeed.
Think of it as your giant, 5 plus year shortcut.
Remember, you can figure this out on your own.
You can figure out how margin works and how to keep it from blowing up your
account.
You can figure out how to adjust if a trade goes against you and when to do so.
You can figure out what strikes to sell, when you should enter a trade, when to
exit, how much of a credit to get on each trade, and on and on.
Or you can just take the fastest path to success.
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Here’s How We’ll do It:
The Blank Check Trading Course is broken into 5 modules.
How To Sell Time, Own Your Own Oil Well, How To Be A master oil trader, The 15
Rules of Dominance, and Getting Started ASAP
Module 1: How To Sell Time
This module covers the basics of options and how they work
So you can thoroughly understand exactly why buying options is a loser’s game,
how to set up your trade so you have a 90% probability of profit on every trade
and
So you can quickly get up to speed even if you have never traded an option
before.
In essence, what I am teaching you here is how to literally sell time.
Module 2: Own Your Own Oil Well
In this module we go deep into the mechanics of the Oil markets.
You’ll learn:
How to identify long term trends for easy gains.
How to predict oil prices with accuracy
Why this trading system will continue to work for decades
How to stop wasting time and energy searching for your next trade
And how to properly enter and exit your trades for maximum gains.
Module 3: How To Be a Master Oil Trader
Here we’ll cover the difference between trading oil and equities as well as the
difference between oil options and equity options.
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Remember that we will be trading options on Oil, not oil itself.
We will also over how to trade your account so you can basically write yourself a
blank check every month to withdraw as much you want from the oil markets.
And
This module will get you comfortable trading oil options even if you have never
traded oil before.
Also in module 3 we cover how to sell options that are 25-30% away from the
current Oil price and still have a 90% probability of profit.
And under what market conditions to only sell Puts, when to only sell Calls, and
when to use both Calls and Puts together to double your gains without any
additional risk or margin requirement.
Module 4: 15 Rules of Dominance
The rules took years to develop. It’s simple: Just follow the rules.
This is my entire trading plan.
In this module you’ll learn
How and When to enter a trade.
When to exit a trade for maximum gains and safety
How to manage your trades by turning losing ones into winning ones by adjusting
Risk Management: how to limit your losses, when to exit a trade, and how much
capital to allocate so you keep any losses small and your winners plentiful.
This is the secret sauce that I use to trade oil every day and the same rules that all
my other students used to get the results I showed you earlier.
Module 5: Getting Started ASAP.
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In this module, we recap everything, answer questions and get you started.
We cover brokers and discuss how your broker will actually protect you from
losing money.
The 4 steps to follow to almost guarantee you will be profitable.
And how to tweak the system if you wish to make it more conservative or more
aggressive.
We make getting started as easy as 1, 2 ,3.
You are getting the exact same system I use everyday.
More Results…
Here are some more results.
This is from 2014.
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I wanted to show you this because although Oil is normally calm, there are times
in history when the volatility increases.
This was one such time, and my system handled it wonderfully.
2014 was the year we saw oil drop from $105 a barrel to a low of $53 a barrel.
This screenshot shows 10 straight month of profitability. From March through
December. I tried to get more months, but the brokers system only let me go back
a certain amount.
Gains of $20,820 in 10 months.
As you can see, I did a lot of other trades in this account as well, so I did not use
most of my capital for oil. If I have the gains would probably have been higher.
I don’t want you to focus on the dollar amounts as much as on the consistency.
Month after month of gains.
I am going to give you exactly A to Z everything you need to do to duplicate and
beat my results.
And if that is all that was in the System is would be well worth the investment.
Now at this point you are probably wondering, What kind of support do I get?” I
don’t want to be doing this alone.
Well what if I held your hand the whole way?
What if I was there, live in person to answer all your questions?
That’s exactly why I have added several awesome bonuses.
Bonus #1: Live Group Coaching – this has a value of $997
We have regular live coaching calls with me so you pick my brain, ask questions,
and talk about the oil market
This is so you can get all your questions completely answered. (not sure who to do
something, just ask. Stuck on a trade, lets talk about it.)
This is your time, we can discuss whatever you want.
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You also get recordings of past calls.
So not only do you get the entire Blank Check Trading System video course but
you also get regular live coaching sessions.
Total value : $5,994
But I wanted to give more…
Bonus #2: Join Our Private Community
Remember when I said you would not be trading alone. Well you get not just me
but you get an entire community of people supporting and helping you.
A whole community of traders trading this exact same way.
We set up a private place to interact and you get 6 Months Access to this Private
Facebook Group
This group is only for those trading our system.
The group allows you to see what others are doing. (Members post their trades
and their results.)
Ask questions to me and others in the group. (confused? Ask. We have amazing
members that love to help each other) We charge $97 a month for this access.
You get 6 months free.
So what else do you need?
Well, many of you said you have never traded oil options before, and I know that
it can be a little scary to be trying something new especially when it comes to
trading.
Bonus #3: Get All My Real Money Trades
Well, What if you could watch over my shoulder as I trade?
What if I shared with you every trade I am doing in my own account?
Let me give that to you as well….
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I post my own trades in the facebook group! (these are live real money trades
that I am doing so you can see if your trades and mine match up.)
I don’t even know how to place a value on this…
But in my other service where I share my trades we charge $79 a month. So if this
is the same value that equals $948
Bonus #4: Technical Analysis for Option Traders
I mentioned support and resistance earlier. Well what if you have no clue what
that is?
No problem because you don’t need to know it to implement this system, but it
can help generate higher returns.
That’s why I am adding a special training on technical analysis
After watching this training you will…
Know exactly how to determine short term moves in the oil markets (actually any
market, not just oil)
You’’ be able to increase your gains because you will be able to time your entries
better (better entry equals more premium collected for option sold). This training
along is worth $499.
But wait. What if you have never traded futures options before and don’t know
how to get a futures account?
I have got you covered.
Bonus #5 is a report called How to Get Approved for Options and Futures
Trading.
If you need an account, just follow the directions in the report.
Oh wait, I almost forgot…
And there is one more..Thank You Bonus
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But to get this you have to act fast.
As a special thank you for attending this training, I am going to up the bonus level
even more!
Bonus #6: Fast Action Bonus
If you are one of this first ten people to join, I will give you lifetime access to the
private Facebook group.
That is a $97 monthly charge that you never pay.
Let’s recap what we have here.
The blank check trading system with a value of $4,997
The Live Coaching Calls values at $997
Lifetime Membership to the Private facebook group that we charge $97 a month
for.
My own personal trades –worth at least $948.
The technical analysis training worth $499
The getting approved for options and futures report worth $97
That brings the total value of the package to $10,535
That is a lot of stuff.
I have literally stacked the deck in your favor. When I was coming up with this
package, I kept asking myself, what else would someone need, what else can I add
to make this a slam dunk.
I cannot think of anything else to add.
Talk about teaching a man to fish. I am not only going to teach you, but take you
to the water, put the bait on your hook and demonstrate my fishing techniques.
Now I know that $10,535 is a lot of money.
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But I also know that this course is worth every penny and I have shown you proof
of my results and those of students just like you.
What Does Options Coaching Cost?
You see, when I first got started in options, the very first thing I did was attend a
free 3 hour seminar held in a local hotel that would teach me how to get rich with
options. Have you ever seen those ads on TV? Free Seminar and maybe if you
show up you get a free book or cd or something.
Well I went, and sat through a 3 hour sales pitch. In the end I paid $2,000 for a
two day options training course.
And it was great, at first. I learned all about puts and calls, and spreads, and the
three green or red arrows. And the sessions were taught by so- called real traders.
But after they taught something, they would pitch their coaching program. Where
for 6 months you could work together with one of these traders and you would
get the “real” secrets of trading.
Guess how much the coaching program was?
$30,000!
So basically all I got for my $2,000 was the same info I could have gotten in any
Intro to Options book and a great sales pitch.
Can you imagine? $30,000 for 6 months of coaching. But that was not all. You also
had to buy their software program which cost another $1,000 a year or
something. And I am sure that once you signed up for coaching, they would have
something even more expensive to sell you that you had to have to be successful.
Here I am offering you lifetime coaching and support with No need to buy
anything else. Use any broker you want.
I would say this is a much better deal.
So then.. If all this System did for you
Was to finally make you a profitable trader… would it be worth it?
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What do you think? Would it be smart to pay this much to become a profitable
trader for the rest of your life?
Or if all it did was give you like minded community of traders to interact with…
would it be worth it then?
Or how about if all it did was give you a way to earn 2, 5, or 8% a month… would it
be worth it then?
You’ve seen proof of other students that are making more than 5% a month, but
what if all this system did was help you make 5% a month?...
What’s a 5% monthly gain worth to you?
On a 10k account that’s $500 a month or $6,000 a year
On a $20,000 account that’s $1,000 a month or $12,000 a year.
On a $50,000 account that’s $2,500 a month or $30,000 a year!
And that is if you take the gains out and do not compound them.
If you can start making 5% a month, with a $10,000 account, and Make $6,000 in
your first year… Would it make sense to pay me $6,000 one time to train you so
you can do this yourself?
That would be a sweet deal right, after all everything you make, after that for the
rest of your life is all yours!
An Offer You Can’t Refuse
Now I think at $10,535, this package is a good deal.
And I bet you can see why at $6,000 this would be a great deal.
But I am going to do better than that.
I am totally committed to your success. I am going to make you the sweetest deal
I can. An offer no sane person would refuse.
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Recap
- Blank Check Trading Course
o Module 1 : How To Sell Time
o Module 2: Own Your own Oil Well
o Module 3: How To Be A master Oil Trader
o Module 4: 15 Rules of Dominance
o Module 5: getting Started ASAP
- Live Coaching Calls
- Private Facebook Group Membership (Lifetime)
- My Own Personal trades
- Technical Analysis Tutorial
- Getting Approved for options and futures report
- And there is something else I have added that is not even on the slide. It’s
an unannounced bonus that I wasn’t supposed to mention but I can’t help
myself. This bonus takes the whole package to another level but you will
only hear about it if you take the course.
You get all this for only
3 payments of $397.
Or if you want to save a few bucks you can get it for
2 payments of $547
And if you want the best price possible, you can pay in full and get it for
One payment of just $997
To sign up and join me on this journey just head over to
www.blankchecktrader.com right now.
Remember the lifetime Facebook group access is only for the first ten people that
sign up.
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You get all that plus I am giving you a 30 day risk free, money back guarantee.
When you take the course and invest in yourself and make your first trades, if you
are not satisfied, just email us your results. If we cannot help you generate results
after you have taken action and done a couple trades, we will refund your money.
But my thing is that you must take action and complete the course and use
everything you learned to do your first two trades. Show us that you went
through the course by completing the course workbook. Email us your trade
results and your completed workbook. Everyone that does this, generally gets
incredible results. So you get to follow through and take action and if you are not
satisfied we will try to support you and help you make that money. And if you are
still not satisfied, then we will refund you 100% of your investment. Risk free.
There is no risk here, you just have to take action.
You see I had 2 choices
The first option was that I could keep this material to myself. I’ve been
approached by many people over the years to manage their money or to start a
hedge fund. I could do that. But that would not bring me closer to my mission of
helping 10,000 individual investors. Plus, if I wanted to I can still start the hedge
fund.
My second option was to make this system available to those who really want it.
It had be at a price that is not cheap so you treat it seriously. And it had to be at a
price that makes it worth my time to get involved with you personally. I hope that
makes sense.
Because part of the value is me sharing my own time with you.
So which is it going to be success or excuses?
This is the way it is, people in life can have one of two things, either success or
excuses. That’s it.
You can sign up, get involved and get help,
BlankCheckTrader.com
Or you can make excuses…
Why you can’t afford it,
Why you don’t have time
Why you don’t want to try.
That’s fine. But whatever your excuse is today the truth is you can’t have both.
You have to choose one: success or excuses.
Say, do you know who Matt Damon is?
Matt Damon is a famous actor that was in a movie called We Bought A Zoo – a
great family movie which is also a true story.
In the movie, he is given a piece of advice that he gives to his own son.
By following this piece of advice, he changed his life.
When he was younger he walking by a coffee shop when he sees the most
beautiful woman in the world sitting inside. He stops and stares. He wants to talk
to her but is super scared.
What is he going to say to her? What if she tells him to get lost? She was way out
of his league.
Then he remembers what his brother told him…
“Sometimes, all you need is 20 seconds of courage, and I promise you something
great will come of it.”
That 20 seconds of courage is enough to overcome our fear, doubt, and worry
about “what if”.
So he got up the courage, went inside the coffee shop, went up to the woman,
and asked he if could join her. She said yes, and eventually they were married.
20 seconds is also about the time it takes to head to blankchecktrader.com, fill in
your information and join up.
Just 20 seconds of courage can change your life.
Look, I’m nothing special ok.
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I’m not from wall street, If I can do this, so can you.
I’m just a regular guy that spent years trying to find a trading methodology to
make it easy to make good returns while still having a life.
And I want to share what I have painstakingly learned with you.
You can spend countless hours to do the same… but why?
Why not take the shortcut?
You Now Have Two Choices
1. You do nothing and nothing changes. Your life will continue as it is
2. You make this small investment and see where this rabbit hole takes you.
Keeping in mind, that I am with you on this journey.
Do This Now
Here what You need to do next
1. Open a new window or tab in your browser and type in,
blankchecktrader.com
2. Choose your payment plan and enter all your info
3. And Check out
4. Your login information will be emailed to you.
Everything you need will be in the members’ area. If you have any questions just
email us.
Now you might be wondering why the fast action bonus is only for the first 10
traders.
It’s very simple. Scientific studies have told us that human beings are motivated
more by loss than by gain. Even if it is in our best interest, we will not take action
because of inertia.
So even though you know this course can work for you, and you know this is not a
cost but an investment that can be returned to you many times, and you have
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seen proof that it works for people just like you, you are still not likely to make a
decision in your own best interest unless motivated to do so.
What better way to motivate you than with a massive discount and bonuses that
are not available at any other time than now.
I know what this program can do for you and what it has done for others that are
already enrolled. So even if it means dropping the price and adding extra work for
myself by adding lifetime coaching and support, I will do so to motivate you to
take action.
You’ve done it. You’re at the end.
You want a trading system that makes money
And you know this is an excellent value
Take advantage of this incredible discount
And the amazing bonuses now
Head over to BlankCheckTrader.com now, and I hope you are one of the first ten
so you get the fast action bonus as well.
QUESTIONS
How much can I make with a 20k account?
Good question. Legally, I cannot say. I cannot claim or guarantee any result.
And it wouldn’t make any sense.
Most months will be good, some will be bad. You will have losing months. This is
trading, there is no way around it. But the good months easily overcome the bad
months.
I have seen that in my trading, I can make 5-10% in a month in my account. The
account size does not matter. It can be 10k, 20k, 100k, it’s just numbers.
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With a larger account you would just trade more contracts. Instead of 1 contract
you would do 5 or 8 or 10 of the same option.
And if you are just getting started I advise to start with virtual trading.
Is this a membership? Do we need to follow your trades?
NO, This is not a membership. There is no other cost.
You are being given the keys to the castle.
You won’t need me or my trades, but I will hold your hand anyway.
I post my trades in the Facebook group because I think it helps. You don’t have to
do the same trades. In fact, many students don’t do the same. They may enter on
a different way, or adjust earlier, or exit later. Doesn’t matter. Just stick to the
rules.
Join right now and you get access to the Facebook group forever. Otherwise after
6 months we will bill you $97 a month. But you can cancel anytime, and you have
6 months to decide if it is worth it to you.
Is the course live or all online?
The modules are all recorded and posted in the members’ area. You can watch
them at your own pace. And watch them over and over until you get it.
The group coaching is live and done on a regular basis, but if you can’t make it,
email us a question and I will answer it or post it in the Facebook group.
Remember you have lifetime access to the coaching and support. Take advantage
of the discount and bonuses now even if you are not ready to start right now.
Can I do this in my IRA?
Yes you can but only at select brokers.
BlankCheckTrader.com
Interactive Brokers is one.
DeCarley Trading is another. I bet there are many others but they probably are
specialized futures brokers.
[email protected] or 1-866-790- TRADE (8723).
I am a relatively new trader? Is this a good fit for me?
Yes, definitely.
When I created the course I created it a way to start someone with no or very
little knowledge about options, and for someone with no knowledge about oil.
We cover all the basics and work up to the more complicated rules.
So it is actually great for beginners and for experienced traders.
I don’t have a futures account, is it hard to get one?
Great question.
You will need to be approved for futures trading and for options trading if you are
not already.
It is not hard to get approved. You just have to fill out a form with your broker.
But, on that form the brokers look for very specific answers or you might get
denied.
To help, I have written a report called, How to Get Approved for futures options
trading, and that is also in the member area.
I am afraid of commodities. Aren’t they very dangerous?
No more than stocks. Actually less than stocks. A stock can go up or down for any
number of reasons. Oil moves mainly because of supply and demand.
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When you follow the 15 Rules of Dominance, it takes the guesswork out of it. Just
follow the rules and the risk management will be done for you.
Commodity markets are actually more stable than stock markets too. Futures
markets do not have Flash Crashes. There are precautions like Lock Limits, in
place that halt trading of futures. That freezes the price of Oil, but options keep
trading so, if something happens and oil is locked, you can still exit your option
positions.
Oil also has lower margin requirements, which means you can make a much
higher return on your investment.
Oil option premiums are also much more attractive for out of the money options.
You can sell much farther out of the money than with stock options for awesome
returns.
And also, oil options are very liquid. You won’t have any trouble getting filled at
proper prices.
Bottom line, if you follow my rules, you will be fine.
How Much Money Do I need to do this?
This is a tough one.
My first instinct is to say zero. That is because I urge all students to papertrade for
at least a few months before committing any capital. You will made mistakes in
the beginning. It’s better to get those out of the way before there is real money at
stake.
Ameritrade told us that they will allow you to open a futures account with $2,000.
But if you were to twist my arm and force me to give you a number, I would go
with $3,000. If you don’t have $3,000 to trade with you can still papertrade. As
you do so, save up your money and develop a track record. Once you have a
successful track record, I am sure you can find some way to either get the money
to trade for yourself, or partner with someone that has money and manage their
account. For a split of the gains of course.
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Why don’t you do this on USO and XLE instead?
Because those are both equity ETFs.
They do not have the advantages of trading oil.
You don’t get enough credit, you have to sell closer to the money, and you are
still trading in the stock market.
I’ve taken other courses and it seems they work until they don’t and that is
when they are sold to the general public. How do I know this course still works?
Hard core question. But needed to be asked, so thank you.
I pride myself on being a very ethical person. I am not all about the money, I am
more interested in helping other investors than just getting into your pocket. I
would never sell something that did not work. And not just that, but it has to have
worked for me.
That said, I showed you my own results from not long ago. And I will continue to
post my own real money trades in the Facebook group.
Oil itself will be around a lot longer than we are, and so I am pretty sure that this
system will continue to work for decades.
Is this going to take a long time to learn?
That is up to you.
The examples of student results I showed earlier were from people who had
recently started in the course.
Of course you have to go through all the material in the course – all the videos
and handouts. That will take some time. Then you start trading and after a few
months of trades you should be doing well.
Once you join you can do this at your own pace.
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You can always access the lessons and you can always take part in the upcoming
group coaching calls even if you choose not to stay in the Facebook group. Plus
you can always email me any questions as well.
How long will this course be offered?
I don’t know. I do want to make sure that everyone in the course has access to
me. I want to give as much to you as I can, but there is a limit to my time. If I
cannot devote the time, I will pull the course off the market.
So if this is inspiring and interesting, I urge you to get on board right now.
Does this work in up and down markets? What if oil jumps sharply?
Yes. This works in all markets. I’ve ridden oil up and I’ve ridden it down. I showed
you how to determine what the oil market is doing and what direction you should
be favoring.
The Rules of Dominance will help you allocate your capital and dictate how much
many contracts you should be trading so even if Oil does make a strong move in
one direction or another, you will be prepared, and even take advantage of the
move.
I don’t want to join Facebook, what will I miss?
What will you miss?
Well…. You will miss the questions and comments of others in the group and my
responses.
You will miss my trades, if that is important to you.
You don’t have to join the FB group. We have many students who have not
joined. I am not a big fan of being on fb myself.
But I do think you should join, and what I suggest is to create a fake account. Use
a different name. You don’t even have to post a picture. That way you can take
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part and no one will know. If you do this, just email us what name you are using
so we can approve you into the group.
I don’t want to be stuck to the screen all day and with Oil being traded 24 hours
a day, how do you sleep?
I sleep like a baby.
Although Oil does trade 24 hours a day, unless you want to, you don’t have to. I
don’t. I just trade it during the normal trading hours.
I don’t stick to the screen. You can enter trades when you want, and you can
place closing orders with your broker that will exit your trade automatically. That
way you don’t have to watch the markets at all. I would still keep an eye on oil
though, but like I said, it takes less than 20 minutes a day.
What else do I need to implement this?
Great question.
You need 3 things;
1. You need an account that allows you to trade futures options.
2. You need some capital. Well maybe not. I would papertrade first for a few
months before jumping in with real money.
3. You need the Blank Check Trading Course.
What broker do you use?
I currently use the thinkorswim platform from TD Ameritrade. But any broker that
allows futures options will work.
How do we access the coaching?
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We have these coaching calls regularly. We will send out an email with the date
and time for the next one to all students. If you cannot make the call, you can
email your question or post in Facebook and I will answer it on the call. Or you
can just show up and ask when we get to the questions section.
Normally, we take a look at the current fundamental picture of oil, then we look
at the technicals and try to predict what oil will do next, then we go over any
trades I have on, then review live trades of students, and then answer any
questions about the course or rules.
The coaching calls are recorded and posted in the members’ area.
I’m 65 and about to retire, would this work for me?
65 is still young.
We have students all the way up past 80.
We have retired students and those who are still working.
Some that had never traded options before and some that have been doing it
longer than I have.
So although I do not know you and cannot answer for sure, I am guessing that you
will be ok.
Do you use stop losses?
You can. I actually teach a different way to know when a trade has gone against
you. We base our methods on our margin and on the delta of our trade.
If that sounds foreign to you, don’t worry we spend a lot of time in the course
explaining these concepts.
Is $5,000 enough to start?
That is a good amount.
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But I would like you to papertrade first until you get the hang of it and then you
can start with real money once you have the confidence and some experience.
Do you still trade equity options?
I do yes. I still have the OptionGenius and WeeklyTrading System services. But if I
were to start over, I might just stick to Oil. As it is, I am using more and more of
my trading funds for oil. But I am staying diversified. So I have my retirement
accounts, my trading accounts, and I have my Oil accounts.
How much are the commissions?
Varies by broker.
I think I pay around $3 per option. But in Oil options you don’t need very many
contracts to get into the large credits.
I find that on a percentage basis, I pay a lower % of my gains in oil than on equity
option trades.
If I missed your question, please email it to [email protected] and I will get
you an answer.
What Will The Future Look Like?
I want you to think ahead… to 5 years from now.
I want you to imagine your life and what it would be like if you take action today,
and the course works for you.
What is your life like?
Imagine it right now.
That life cannot be yours, unless you create it. Unless you jump on the
opportunity in front of you.
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And most of the time, that is the only thing that separates the super successful
people from everyone else. They simply go for their dreams, and they invest in
themselves.
So if you really want to be financially successful, make it happen. Take action.
That’s what I did. It was not luck or a good fortune. It was action.
And for me it took several years.
If what I have shared with you struck a chord and made sense to you, than I am
more than happy to take you under my wing and hold your hand on this journey.
Thank you for spending this time with me, I look forward to seeing you in the
course and working with you.
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These were just some of the amazing results students are posting everyday in our
private Facebook group. You get access to all these people when you join.