I Have a Confession to Make…

Posted On January 19, 2023 2:54 pm
By: Steve Smith

Dear Reader,

I have a confession to make.

I hate it when I have to make this kind of confession, but my dedication to honesty is more important to me than my ego.

Here it is…

I had to close a trade in Options360 without a profit.

I know, I constantly tell you that not every trade is a winner, but that’s in theory.

This is in real life.

Here is the alert I sent this morning:

BA is now threatening the put side of the position.

I don’t want to risk a big drop going into expiration.

Let’s close this for what will be around breakeven.

That’s the way the game is played.

Yes, not every trade is a winner – but with proper trade management we avoid (or minimize) any losses.

High probability trades and proper trade management, that’s how we have been up for 7 years in a row (as high as 123% in a single year!)…

And equally as important – we have buried our benchmark, the S&P, every year.

I expect this year to be another record year…

Click here and claim your trial membership, and see learn hoe we do it!

To Your Success,

Steve

About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

I Have a Confession to Make…

About author

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