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The Holy Grail of Options Trading
One of my favorite movies growing up was Indiana Jones and the Last Crusade. You may remember this movie that starred Harrison Ford & Sean Connery on a quest to find the “Holy Grail” before the bad guys get their hands on it.
Towards the end of the movie the villains are trying to distinguish which cup is the real holy grail among a wide variety of chalices. The problem was, the real holy grail wasn’t labeled and if you drank from the wrong cup you would end up dead. The villain grabs a shiny gold cup and goes in for a long drink, thinking this must be the right cup based on appearance, but unfortunately, he did not choose wisely. He ages 100 years in a matter of 30 seconds and withers away to ashes.
Indiana Jones, on the other hand, goes for the most modest cup and ends up drinking the water from the real “Holy Grail”. His reward for choosing wisely is eternal life. In the end the good guy wins.
The reason I bring up one of my favorite childhood movies is that since starting The Trading Profit I have taught many thousands of students that the “Holy Grail” of trading is consistency. All options traders seek a strategy that works in all market conditions, is easy to manage, generates reliable income, and produces consistent results. My Put Writer Alert service is designed to meet all these needs.
Since launching in October 2015, the strategy has produced over 130 winning trades in a row, in part thanks to a special adjustment technique I use to fix losing Options trades.
Astonishingly, we’ve only adjusted about 13% of those trades and all those adjustments have resulted in winners. In fact, these special adjustments have brought in more money than the credit received from the initial trades!
The hardest part about this incredible winning streak is telling people about it who have never heard of us. We immediately get a reaction that teeters between disbelief and shock. Most people think it is too good to be true.
When I think of my Put Writer system, it reminds me of the Holy Grail scene from the Indiana Jones movie. The strategy is exactly what everyone is looking for but is the modest choice that is commonly overlooked. It isn’t a flashy complicated spectacle aiming for home runs. Nor does it rely on fancy indicators or double top-secret software that a very few have access to. Instead it is a simple strategy aimed at realistic and consistent wins that can be traded in only 20 minutes per week.
A common objection to writing Puts is that the risk/reward ratio is too small. It is generally the response from traders who are looking for the big home run strategies that work at first, but then wipe out their accounts down the road. They overlook the power of compounding gains and small consistent wins over time. It’s more than just a small oversight…
The smart money is on consistency and when done correctly, selling Options can deliver that Holy Grail that is so important to succeeding over the long-term. Don’t let the Holy Grail of trading slip away from you because you are focused on looking for the next shiny goblet. Choose wisely and then all you have to do is dip your cup and drink.
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Source by Jeff Tompkins
