has been established that makes market predictions according to the Drummond way of trading. The service has built a track record of triple-digit returns.
Backtested Options Trading Systems.
Option Trading Made Easy With The Option Wiz
Author: H Lopez
What It Is
The Option Wiz, just like the name says is an options trading service operated by two gentleman, Mike and Dan who together have over 29 years of experience trading stocks and options. Anything from simple call/put plays to diagonal spreads to butterfly spreads, it’s all here allowing you to profit no matter what the market is doing.
The Goal
Their goal is to generate returns of 5% to 8% monthly. If you’re looking to hit home runs, this isn’t the place to look, as they focus on helping you make consistent gains every month. There is the occasional 30% to 50% return, but don’t expect that every time. These gentleman are here to help you earn a steady profit while keeping risk to minimum.
Never Traded Options
If you’ve never traded options before, don’t worry, all the work is done for you so that all you have to do is make a call to your broker and read off the trade details to them. This is a great option if trading is not your full time profession. If you’re a self directed trader, it’s not that hard to get the hang of entering the orders yourself as most online brokers order pages are easy to follow. And as time goes on, you’ll gain a better understanding of the different trades. Since most options, approximately 77%, expire worthless, The Option Wiz puts the odds in your favor by selling premiums instead of just buying a straight call or put.
Over Trading?
Worried about over trading? Only the best trades are taken, resulting in approximately 8 – 10 high probability trades per month.
How do I Get My Signals
Also, notification is sent of all trade recommendations via e-mail, Twitter, Facebook, or RSS feed, and all new trades and closing of trades along with the reasoning for the trade, the amount you are risking, profit range, max reward price, trade details, and trade requirements(cost), are also displayed right on the homepage so you know the why of the trade.
How Much Capital Do I Need?
Trade recommendations are based on a $10,000 starting balance. If you have more than that, just adjust your orders to trade more contracts to meet the risk parameters and vice versa. Trades are setup to have a loss of not more than 5% of account balance per trade. There’s also a cool little tool, a streaming ticker that displays the current trades.
One last thing, the best part about these guys? No extra long sales page trying to convince you that their product is the best.
Article Source: http://www.articlesbase.com/day-trading-articles/option-trading-made-easy-with-the-option-wiz-4162351.html
About the Author
The Verdict
In conclusion, this is an excellent product, as you could spend thousands learning options (I’ve learned from experience). So if you’re looking for steady monthly gains with low downside risk, then The Option Wiz is an excellent place to look. To see more come see me at My Trading System Reviews.