+106% JUNE PAPER TRADE GAINS
For the month of Jun we slaughtered swing trading making $175,500 off of $84,800 risked and it was done 100% with single call options. What is a single call option and why do you care that we made a bunch of phony money with them? A single call option means that we are "naked" in the trade with no protection to the downside so we have to be right on our speculation and right very soon. Why do we have to be right soon? We have to be right soon because of time decay which counts for a lost (usually a few bucks to hundreds of dollars) everyday that our position is not "in the money" which is essentially above our strike price. In the options asset class we are saying where a stock will be or will not be by a certain time in the future. Want to be empowered to make the same trades but scaled down in contract size, then take our basic options course
The majority of the gains came from the acquisition of Wholes Food (WFM) by Amazon (AMZN) which accounted for $105,800. Nevertheless, we were right about ABBV, AXP, AMD, BAC, PYPL, TWTR, ESPR, MU. Esperion Therapeutics (ESPR) would have been the next runner up making $23,460 off of $17,000 risked. The smallest gain was American Express (AXP) which made $1,600 off of $9,200 (two day trade; I'll take it).
Paper trading sharpens your trading sword and plenty of professional traders will tell you that they paper trade. It also makes you more disciplined as a trader and you can only benefit from doing so. Take our basic options course where you learn to buy calls and bull call spreads. Featuring the bull call spread is a new addition to Emerald Chase and we are very excited to help you employ this strategy as it gives you downside protection and eliminates time decay. So define your risk upfront and give yourself more ways to win in any given trade. Couple this with our options alert service where you receive the exact expiration, strike price, spread and posture, to produce monthly income.
