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Live, real-time option expiration Friday trading demonstrated in front of 200 traders with 20X return possible and more. To the best of our knowledge, this type of expiration week option trading has never been done live in front of audience. Read this attendee's (now a New Era Trader believer) blow-by-blow trading action account below:
CJ Comerford Testimonial:
"I first met Stan Moore at a "technicians conference" in Florida on January 20, 2006. I give you the date because it was an incredible day in the markets. It's also how Stan made his first impression on me, and many others as well.
The "trader" hosting the conference had billed this day as one during which he and Stan would trade live expiration week OEX options. He calls these options "White Lightning." There were almost 200 of us waiting for this to happen. I don't think anyone ever attempted to trade options, live, the last day of the month.
There were endless data and computer glitches. Then suddenly everything was working, and the S&P's had gapped 5 points higher. Stan explained it was expiration related only. But sadly, our bullish host decided there would be no trading. He said it was no big deal anyway because it would likely be a flat market from here. I was crushed. There was a groan in the crowd. Indeed, it felt like most of us came to see Stan trade options real-time.
That morning there was also news about Iran and it didn't sound good. The host explained we don't trade news, that it didn't matter. Audience agreed. He then explained his method for a few minutes.
Then he let Stan speak.
Stan stood up, and everything changed. In no uncertain terms, he reeled off the news about Iran, why it was bad, what it meant for the markets, why it wasn't priced in to the markets, and what would probably happen. This too he explained in no uncertain terms: the markets were priced for perfection. Since it was options expiration, if the S&P were to break down from current levels, it would break hard because the professionals would sell it to make all the outstanding calls go out worthless. He gave a specific level that, if violated, would send the market that day into a free-fall.
In front of 200 people that had just heard this would likely be a flat day, this was a lot of interesting information.
I don't think he wanted to embarrass his host. He said if you put a gun to his head he would buy puts. Then he outlined the "best" Risk/Reward trade for us to consider doing. Again, no uncertainty. Sell 75 E-minis, go long 100 OEX at the money calls. They were trading at $1.50. If the market broke down, he'd likely earn $40-$50,000. If the market bounced, he could make $5-$10,000. And if it stayed where it was for next 2 hours, he'd lose $5,000. Given the news, the latter wasn't even remotely possible.
Notice what's going on here: fundamentals, news, tactics, technicals, money management, risk control, expectations. All in about 30 seconds! I now know that's exactly how fast his mind works.
There was a shift in the room. Everyone was stunned. Who is this guy? It was incredible. Hands went up. Everyone wanted to know more. I wanted to know more! But our host only wanted to talk more about his own methods.
The market started to break down.
The host took another look at his charts and in a goofy way asked Stan if he wanted to buy calls. You could tell he was half-serious. Stan took one look at his own charts and said, "No way. We're going much lower."
January 20, 2006 -- the day the S&P closed down over 24 points from the opening high, in what was "supposed" to be a flat market. The day you would have made almost $50,000 if you put on the trade Stan suggested and held it into the close, over $80,000 if you did it at the opening. If you bought $.40 out of the money puts, they closed over $9.00 or 20X's your money. I thought "Wow, at the very least I could have made 10X's my total risk! I wanna start right now!" That was the day I became determined to earn my PhD. in trading with Stan Moore.
So...have I graduated yet? No. Not even close. Has it met my expectations? Ha -- it's exceeded them by multiples. To trade any other way at this point would seem sophomoric.
Whether you want to be a swing trader, a day trader, or just a better trader, Stan's instruction will help you succeed. Just one page out of his manual, a single page that took over 2 years to write, is worth his fee alone. His custom oscillator, a mathematical blend of over 12 different analysis techniques, is worth his fee alone. His daily instruction and coaching (where else can you tap 40+ years of experience)? Priceless.
More importantly, he sets up trades well ahead of time to help you earn money while you're learning. "You can earn while you learn" is the way he puts it.
I've seen his methods ride trends, pocket seemingly endless points from boring range bound days as well as wild, choppy volatility, all with equal aplomb. He tells when to go for the jugular and when to stand aside. He doesn't try to impose his will upon the market. He lets the market tell him what to do. Best of all, he teaches you how to do it too. It doesn't happen overnight. But when it starts happening, when it starts to click, suddenly you realize that you're learning the inside secrets to the greatest, most profitable game in the world".
CJ Comerford Email:
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PS: Just had a 5 bagger this week (12/14/06). Thanks Stan!
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