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17.39% Return in One Day
May 25th, 2010 
Genius Would you like a 17% one day return?
That’s what one of my members got today. He actually did much better than I did. I am still in this trade. He was able to get in at a much better price than I did yesterday and already exited the trade today.
The trade is a butterfly on IBM. For members, it is May Trade #2
I got into the trade for a debit of 1.24, but this member got in at 1.15. For 4 contracts his cost was $460.
He sold the butterfly and exited the trade for 1.35 today. That’s a gain of $80 and a return of 17.39% – in one day!
I myself am up a little less than 10% so far. Hopefully I too will be out in a couple more days with a nice double digit gain.
Good to know you don’t just do iron-condor. So you use different strategy for different market condition? Even in big bear market that is said to be coming?
Is it a daytrading platform ? I feel amazed to read this report.If you want to day trade,just short or long the stock,and cover or sell it in one hour in such a market.But your service does not claim to be an option day trading platform.Therefore,quoting a 17.39% return in one day is not adequate.However,this is only my opinion.
No we definately do not do day trading. But when you have volatility jumping up and down on a daily basis the ability to make good returns in short time periods is there. That is why I posted this return. Because it was uncommon. Because it goes against what we would think would happen under normal circumstances. These are NOT normal circumstances.
I’ve been in this trade for 4 days now and it’s up over 25%.
Wow, you just can’t please some people can you? If I could make 17.39% per annum I would be more than pleased but if an opportunity came up where I was lucky to make that in a day while following a trading plan then take it with both hands.
So, we nowhave people dissatisfied with a great one day trade. In this world of topsy turvy volatility and illogical macroeconomic data, TAKDE WHAT YOU CAN…WHEN YOU CAN.
If you listen to Allen, our mentor, he will drive you crazy with caution…ever preaching the perils of greed, fear and risk.
Hail to our chief…!!!
thats awesome let me have some
Hey Folks, the right entry & strikes can make 18% a day
with the vol up and a plus $ 100 stock. I look forward
to subscribing to Allen’s approach. I have looked at
many different styles of online trading and feel that
the price is right and the conservative credit spreads
will fit my style of trading. Mike in Fla.
It’s a good deal. When to quit the trade on time is important.