It Gets Results!

Here's just one of many awesome testimonials from the Planet Wealth "Trading Room Talk" forum...
Hi guys since joining the trading room these are my trades
Bought MAP 2.25 July calls@10c sold @ 24c return 140%
Bought OXR 2.25 Aug calls @20c sold @ 21c return 5%
Bought STO 17.50 Aug puts @ 81c sold @ 105c return 29.62%
Bought ANZ 1700 Aug puts @ 95c sold @ 165c return 73.68%
Bought TLS 4.56 Aug calls @6.5c sold@ 10.5c return 61.5%
So by this you can see that i am very happy with the trading room especially seeing the market is getting hammered.

Wednesday, July 30, 2008

Bought Puts - Options Trade Aussie Gold Stock

In today's trading room, we identified a short term trade on an Aussie gold stock. A bearish price bar with lots of volume and bearish indicators on the daily chart. Options volume was also good, so the choice was easy to buy puts on the stock with a planned exit in the next 1 to 3 days.

Our mentor Johnny Howell generously gave an extra 45 minutes of his time to explain drawing of long term trend lines using parallel lines on weekly charts. It's so amazing to see past trend lines come into significance on Today's charts.

The Trading Room Technical Analysis techniques are like a crystal ball in my opinion. If you're serious about trading for a living, you must check out the trading room!

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