Timetobuy & JW,
FWIW, RR's comments on using QQQ calls & puts once a month & achieving a 20% gain is not like flipping coins or gambling in a casino. Unfortunately, if one carefully selects only what RR states by chosing selected posts, while excluding everything else he discussed about options trading, one could attempt to paint the 20% per month scenario as bunk. However, if you read most of RR's posts one could see that there is a genuine opportunity to come close to making that 20% fairly consistently.
If you follow RR's posts for any amount of time, you will notice he does a significant amount of DD. RR does not feel compelled to be in the market every day. Prior to placing a limit order, RR waits for a good risk/reward set up. This includes news, market sentiment, overbought/oversold conditions, volume, etc., etc., etc. Additionally, RR makes the trade come to him. He rarely chases a trade unless the R/R is in his favor. He cuts his losses quickly when the trade goes against him too.
RR does openly state that trading options is very risky quite regularaly in his posts BTW.
Oh, & RR has quite a few years of experience trading options under his belt. Bottom line......... if you do your own DD & wait for a high R/R opportunity, you can make a 20% option trade on the QQQ's once a month & be successful far more often than not.
The choice is yours. Brush RR off as posting bunk, or perhaps look, listen & learn. BTW, I made one QQQ option trade last month following RR's strategy. I was greedy. I ended up with almost a 200% swing trade in three days.
I sincerely doubt I'll repeat that feat monthly, but I do believe that there is at least one 20% trade monthly on QQQ options if one wishes to learn how to find it. |
