If you’ve been reading my blog for a while, you’ll know that I monitor the greeks on my trades pretty closely and even base some of my trading rules off certain greek levels. Tony Sizemore from Option Elements (affiliate link*) was the one who first opened my eyes to this style of trading and it has made such a huge difference to my risk management and trading style.
Along with receiving mentoring from Tony, I was also a member of his trading room for over 12 months. It was certainly eye opening as well as incredibly profitable.
Tony’s interview in Stocks and Commodities magazine in 2009 was brilliant.
His Options Trading Room is expensive at $197 per month, but it is really worth it. Tony has a very unique way of looking at things with his “Managed by the Greeks” philosophy, but it made so much sense to me. He hosts a live session 3 times a week in his Trading Room where he talks about the current trades, adjustments and the overall market. Plus he also provides little nuggets of advice from his 15 years as a professional trader that I have found invaluable.
I was a member for over 12 months, and it was the best trading investment I’ve made to date. If you want to check out his returns, here is a snapshot from July 2012 to October 2013.
Honestly, do yourself a favour and check out Tony’s material today. He has a free 15 day trial to the Options Trading Room that you can check out here.
An affiliate link means I receive a commission for any sales made through that link. I’m telling you this for full disclosure purposes, but you should know that I am not recommending this service solely because I receive a commission. I value my readers very highly and would never recommend scammy or spammy products. Anything that I recommend is something that I have personally researched or used.
There are big draw downs (See July in your Margin Acct)…they are not pretty there in your record….you are allowing too much room to pull back in some of your entries. WHY?
Hi PD, these are Tony’s results from Option Elements, not mine.
Sorry for the misunderstanding. The guy clearly does not know how to cut his losses in pullbacks….it may also be a trade sizing issue. Anyway, I would be disappointed to throw back that much profit after a good run. Thanks for your reply.