Trading Pro System Members Area

DOWNLOADING AND VIEWING INSTRUCTIONS...

To download a video, click the "Download" link. Choose to save it to your hard drive. The video is packaged in a ZIP file. After you download the file, you will need to unzip it before you can play the video. To unzip a file, right-click on it, and select "Extract All". If you don't have a zip/unzip program on your computer already, you can download one for free from www.7-zip.org

After unzipping the folder, you will need to double-click the index.html file to view the video. The video is a flash file, which can be viewed on any Windows or Apple computer with the flash plugin. If you have any trouble viewing the video, I would suggest trying the solutions on this page.
The Modules
MODULE 0 - INTRODUCTION TO TRADING AS A BUSINESSĀ & TRADING WITH CONFIDENCE

This Module is designed to introduce you to a new way to trade stocks and optionsĀ - as a business. Emphasis is on risk management and building a portfolio of trades that can be managed 'by the numbers'. Learning the craft, acquiring the skills required to be successful in this business.
NOTE: If you are completely new to options trading, that's fine, as I cover most of the basics. However, I highly recommend that you also go to your local library or bookstore and get a book about options to make sure you have a good grasp of it. Some good titles would be "Options Trading 101" by Bill Johnson or "The Option Strategy Bible" by Guy Cohen. Also, you can get a lot of good free info online at http://optionseducation.org (That's not my site. Also just realize most of the information, while excellent, is theoretical and acedemic in nature).

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Introduction to Trading as a Real Business Part 1

 

 

Introduction to Trading Part 2

 

 

Introduction to Trading Part 3 (Calendars, Iron Condors, Etc.)
MODULE 1, 2, 3
THE GREEKS - MANAGING BY THE NUMBERS


You might be wondering why this is 3 modules combined into 1 video... It's for two reasons. For one, it's as easy to learn as "1, 2, 3"! Second, I had initially planned on breaking this section into a few seperate videos, but found that one video worked best. The 'greeks' play a critical role in your trading business. I totally de-mystify them and tell you exactly what the greeks are and, in practical, easy to understand language demonstrate how they impact your business. The greeks are the numbers you need to understand to manage your portfolio profitably.

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The Greeks

MODULE 4 -TRADE SELECTION AND STRATEGY

We've set the stage, now it's time to get on with the work at hand. This is where things get good and interesting. What positions do we take? How do we determine when and how? Do 'charts' matter? What is the big picture behind what we're doing? And more...

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Part 1 (EEM)

 

 

Part 2 (ADSK)

 

 

Part 3 (DIA)

 

 

Part 4 (SPY)

 

 

Part 5 (IWM)

MODULE 5 - PORTFOLIO BUILDING

Build a portfolio by putting on positions that work together. This is where many traders go wrong - they put on individual positions and do not understand how they affect your overall portfolio. Why diversification in time frames, prices and strategies is a key to making money.

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Portfolio building

MODULE 6 - USING THE TOS PLATFORM - THE TOOLS OF THE TRADE

ThinkorSwim (TOS), in my opinion is the best broker and has the best trading platform available. If you had to pay separately for the kind of analysis tools they give you as an account holder it would cost you many hundreds of dollars a month in fees - with TOS they're free. I take you inside the TOS platform and help you access the power you have at your finger tips. (There are other programs/software that you can use to analyze your trades, but TOS is free when you open an account.) I am NOT an affiliate of TOS, and I am not making a commission from this.

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Using the platform

MODULE 7 - PORTFOLIO MANAGEMENT BY THE GREEKS, ADJUSTMENTS, VIX and More

Now that we have built our portfolio, how do we manage it by the numbers? We learned the greeks, now it's time to put them into action. The key to success is knowing how to look at the numbers and know, without a doubt, what they mean and what to do with them if anything.

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BY THE GREEKS

 

 

BY THE GREEKS and the VIX

 

 

INTRODUCTION TO ADJUSTMENTS

 

 

EXPIRATIONS WEEK - Part 1

 

 

EXPIRATIONS WEEK - Part 2

MODULE 8 -THE ART OF ADJUSTMENTS - THE SECRET KEY

What happens when our numbers don't look good? This is where 99% of all traders get killed in the market... they have no clue what to do when a position goes against them and they lose money. It's too bad because most trades can be saved to make a profit! Imagine making one small change to your position and increasing your odds of making a profit by 80%! That's what adjusting can do for you! In Trading As A Business, we KNOW what to do. We trade with confidence. We know and understand that when a trade goes against us it's an OPPORTUNITY to add to our portfolio by adjusting. I call it Smart Allocation of Capital. The art of adjustments is the missing link in trading options and stocks that almost no one teaches.

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IWM - DOUBLE CALENDARS

 

 

SPY - IRON CONDOR

 

 

THE 4 RISKS OF THIS BUSINESS (Overlapping Trades, Smart Capital Allocation, Concentration of Risk and Over Adjusting/Over Trading)

 

PRICE RISK

MODULE 9 - CLOSING POSITIONS

How to close positions for maximum profits. How and when to close positions. The risks of holding positions into expiration week. When an how to 'buy' short-term insurance to protect your profits and increase your wealth in expiration week. How to close positions and get free trades left over that, although small, have a chance of DOUBLING our profits.

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INTRODUCTION TO PROFITS

 

 

IRON CONDORS

 

 

CALENDAR SPREADS

 

 

BASED ON THETA DECAY

 

 

FREE OPTIONS THAT COULD DOUBLE YOUR PROFITS

MODULE 10 - THE BIG PICTURE - TECHNICAL ANALYSIS

What kinds of technical analysis help us in our business? There are only a few key analysis tools that can help you determine the probailities of market direction and I tell you exactly what those are in Part 1 as well as give you insights into why the market moves up and down in seemingly random fashion. I'll also give you a historical perspective on market movements going back to 1900 and give you a realistic plan of attack for determining future market direction based on factual evidence. In Part 2, I dive into short-term indicators that can sharpen your edge in the markets to better time your trades. Then I tell you about an an indicator I stumbled on, which I created myself, that predicts short-term and opening market direction with an amazing degree of accuracy close to 95% of the time as well as how to determine intra-day movements and how to tell whether money is flowing into or out of stocks and what it means for intra-day price trends.

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THE BIG PICTURE - PART 1

 

 

THE BIG PICTURE - PART 2

MODULE 11 - ADVANCED TECHNIQUES AND EXPLOSIVE WEALTH BUILDING STRATEGIES

These are for bigger players with more capital... but when you have $15k or more to put to work, these trades generate explosive profits.
EXPLOSIVE STRATEGY #1

Using this one method a $14,000 trade turned into a $75,000 profit in just 8 months. The most money at risk? Just $650. That was the total amount that was at risk when this position was initiated and NO more money was ever put into the position. Amazing profit/loss ratio. What's even more amazing? I HAVE MADE MONEY WITH THIS EXPLOSIVE METHOD OF TRADING EVERY TIME (every time!). And it doesn't matter if the stock goes up or down but does require an longer time frame- 6 to 8 months is not uncommon for these trades to create the profits you can brag about. Want to make a killing in the market? It doesn't get any better than this.

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WEALTH BUILDING - PART 1

 

 

WEALTH BUILDING - PART 2

EXPLOSIVE STRATEGY #2

Another method I call "Flipping Stocks" let's me buy stocks cheaper than anyone else and if I the market does not cooperate with my plan - I get paid lots of money for waiting until it does! This is for bigger players with more capital... but when you have $15k or more to put to work, these longer term trades generate explosive profits.

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WEALTH BUILDING - PART 3

EXPLOSIVE STRATEGY #3

This new strategy - a custom Diagonal Backratio Spread (aka "Victory Spread") - that has unlimited upside or downside potential and only $50 or so of risk? This strategy is extremely powerful and one of the biggest real 'secrets' that no one has ever discussed that I know of. Wait till you see the power of this strategy. It was taught to me by the same person who taught a former executive of a large brokerage company that came out of retirement to form a hedge fund that invests ONLY in this strategy. You can make $1000's with a total risk of $50 or so... it's extremely powerful. Think there's no free-lunch on Wall Street? This isn't one either but it's as close as it gets to one! So think again. This is the perfect strategy for playing earnings reports, takeover news stocks and any stock you think will move big in any direction with little risk. Many 'Big' players use this as their ONLY strategy because the risk/reward is so favorable.

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WEALTH BUILDING - PART 4

EXPLOSIVE STRATEGY #4

It's called "gamma scalping" or I've seen some people use the term "gamma trading" when referring to this strategy. If you want to be more active in stocks but hate the risk, you'll love this. Day trade without the risk normally associated with day trading. Can be setup to be an 'semi-automated' trading system. Very powerful and again another low risk, high earning strategy for more active participants (requires capital of $25,000 due to 'pattern day trading' regulations).

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GAMMA SCALPING - INTRO

 

 

STOCK SELECTION

 

 

Stock Selection Worksheet (Xcel Spreadsheet)

 

 

ORDER ENTRY - DAY 1

(We entered our trade in NFLX and discovered that we couldn't borrow shares to short the stock- real world. So we opted for our second choice AVP. Order entry and a $40 profit! Not very large, but it was easy money and the stock hardly moved.)

UPDATE - DAY 2

(We make progress with AVP - a $250 profit. Also discussed: The finer points of gamma scalping, more nuances. Also we enter a second gamma scalping trade on ADBE.)

 

Day 2 Worksheet (Xcel Spreadsheet)

 

 

UPDATE - DAY 3

(A profit of approx $2,440 today on AVP plus the profit of $250 from yesterday put our net profit at $2,683. Our deltas moved all the way to +583 but we could only hedge by shorting another 500 shares as we already were 500 shares short. The majority of our profits came from our long Aug 35 strike call on AVP - I looked at the chart and I sold them at 9.60 - the highest actual trade of the day! (they were 'bid' at $10 but no one bought) Some are lucky, some are smart - today I got lucky. So I decided to close the trade but keep the almost worthless 'put' (.02 cents). Selling it would cost us $15 in commissions and leave use with $5 so we might as well keep it ... if AVP moves and reverses we will potentially have another way to profit from the long put.)

 

 

 

 

Day 3 Worksheet (Xcel Spreadsheet)

 

 

UPDATE - DAY 4

 

 

UPDATE - DAY 5

 

 

UPDATE - DAY 6

 

 

UPDATE - DAY 7

EXPLOSIVE STRATEGY #5

I call this strategy "Theta Scalping"... it's like "Gamma Scalping" but the differences will become clear when you see this video. It's powerful because it's lets you trade large Credit Spreads and Iron Condors and Double Calendars and other 'income' strategies that are positive theta without the expense of adjusting using options and it takes a lot less time. This is different than adjusting using more calendars or overlaying condors as you'll see because it allows you to trade larger sizes for larger income trades easier than adjusting with options.

If you liked the idea of the monthly income trades but was wondering how to 'turbo charge' them to make a fortune, then you will love THIS strategy. Instead of sweating out calendars and iron condors (hoping they don't move against you) for $1000-$2000 a month you could start generating an income in the $5,000 to $40,000 a month after learning this and with a lot less stress while trading as 'big' as you want. This last strategy is the 'icing' on the cake... the peak moment in all your hard study and will be worth 100 times what you paid for this course - maybe even more. Why didn't I reveal this before? Simple: You would not be able to use this strategy without a good foundation that was laid out in Module 0 to 10. I give you the criteria to use, suggestion on the etf's to use and how to manage the trade once you're in as well as examples from my own portfolio.

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THETA SCALPING

Bonuses

 

 

BONUS #1: Inside Days Strategy Video (69 minutes) + Ebook

 

 

BONUS #2: "Xtreme Trading" Video (50 minutes)

 

 

BONUS #3: Monthly Trader Alert. Sent via email
Extra Bonus
30 Day Trial of the Daily Market Advantage
(PLUS INSTANT ACCESS TO OVER 100 ADDITIONAL VIDEOS!)

The daily market reviews are very helpful to make sure you're on the right track and making the best trades each day. When you sign up using this exclusive bonus offer, you will receive 30 days of our Daily Market Advantage for only $9.95 (this is a $97 value).

This is ESPECIALLY valuable considering the current volatility of the market. It will really give you an added boost of confidence to see Dave's daily market analysis, and see exactly WHAT trades we are making.

In the Daily Market Advantage videos I will share with you new techniques as I discover them, what not to do, market conditions, digging into your positions so you understand what your numbers mean, the current 'health' of the market and trends and more. Basically you'll see everything I do in the markets day-by-day by looking over my shoulder as I make trades. You'll hear me 'think out loud' as I strategize positions and do some deep thinking about my portfolio and this business.

AND AGAIN... I will even show you specific trades that I am making!