Sometimes I find it stimulating to partake in a contest of like minded traders. I’m involved in one now.
This is a “closed” contest meaning its not open to the general public. The results are not published, except to those who are in the inner circle of bonafide participants. However, Im going to publish the current stats here today.
This particular contest spans 6 months, which ends (I think) at the first of May. Its sponsored by SMB Capital. More specifically, The Options Division is headed up by Seth Freudberg, who is a great options trader spanning some 15 years of trading as a living and also passing the knowledge on to others who wish to be the best they can be.
Many people want to know how much gains the top 1% can generate during a specific time period. Well, here it is.
Before we pat ourselves on the back I must say that I am a bit disappointed in my personal trading over the last couple months. The reason is that I abandoned two positions towards the end of expiration and settlement in favor of guaranteed gain verses quadruple the results should I have stayed the course. But, that’s how we trade as a business. Most of the time I bank the profits in lue of further gains in that particular expiry.
With that said, sometimes I find myself in a position that will warrant “swinging for the fences”. That happened once so far in this contest. I expect to win this contest, and I’m sure I will. Both on dollar amount gained and percentage yield of initial capital. No, I’m not bragging its just that I play to win and I trade as a business. So far, I’m way out in front.
These are REAL TRADES with REAL MONEY in REAL ACCOUNTS.
Here is my performance report as of March 17, 2015.
Initial Capitalization = $175,000
Return on total Capitalization (4 (months) = 67.09%
Annualized Yield = $201%
Total gains so far = $117,411
Do I trade like this all the time? No, not really. This is a contest, just like running in a race or something. I use all I know and go all out for a specific period of time. All successful options traders pursue this business as more of a marathon. It’s the returns over periods of years that separate the hobbyist from the pro. Trade like a professional.
“Your Link to Success”