By Jeff Clark, editor, Market Minute I was only 19 years old when I made my first options trade. I had a gut feeling the market was going to go higher… so I bought four S&P 100 call options at $1.50 – a total investment of $600. A few hours later, the options were trading at $4.50. I sold and took the $1,200 profit – a 200% gain. And I was hooked on options forever. My next trade was in IBM. I bought 10 calls for $1. This time, it took a couple days to double my money. Next, I bought Digital Equipment put options… which nearly tripled in just a few days. I made 17 trades during my first six weeks as a trader. Every single one was a winner. Recommended Link | Stock Options are DEAD! “Penny Trades” have WON… Forget options! Because there’s a NEW way to trade. -
It can pay far more than stocks… -
Trades can cost as little as 1¢… -
These special trades can multiply as much as 529 times… -
Warren Buffett made $12 billion with the idea behind this technique… -
These trades can shoot up lightning fast – sometimes in weeks or even days… One of these odd trades even shot up 183% in one day! Our readers saw the chance at gains as high as an extraordinary 5,100% with one 19¢ trade. This is NOT options trading. | | -- | Going 17 for 17 was a remarkable feat for a rookie trader – especially since I wasn't using any sort of fundamental or technical analysis. I was just going with my gut. But I was careful not to put more than $1,000 or $2,000 into any single trade. And I still managed to turn my $5,000 brokerage account into $50,000 in just six weeks… And then I decided it was time to get serious. No more tiny trades. I was too good for the small stuff. For whatever reason, I had figured out a way to beat the market. Heck, I had just rattled off 17 straight triple-digit winners. So I decided to take the $50,000 in my account, add to it my $25,000 in savings, and put it into a handful of options trades. You can probably guess what happened next. The stock market has a habit of humbling folks who think they've figured it out. For me, the humbling started right away. Jeff Brown's Warning to President Trump At first, the positions started slightly moving against me. It was nothing to be concerned about. One good day would put everything back in the profit column. But then, one by one, each position blew up on me. It was too painful to watch. I kept the television off and avoided reading the newspaper for fear I'd see something bad about the stock market and my positions. When I finally got up enough courage to call the branch manager and check on the status of my account, I learned all the gains I had built up over the previous six weeks were gone. “Just sell everything,” I said. Recommended Link | Welcome to an empire of debt Our credit system is currently sitting at $68 trillion. It's the largest debt ceiling in the history of the world – in fact, it's more than twice the value of every single home in America put together. It's the most crucial part of our economy. And despite stagnant wages and rising costs, America still appears to be getting richer and richer (at least on paper). And there's the problem… This massive credit system is about to collapse. But this system has a dark secret about where they're going to get money to pay off this massive debt. This will affect EVERY American citizen! | | -- | That was an expensive lesson to learn. But it's one every options trader learns at some point. I was just fortunate it happened to me early in my career. You see, that experience changed how I looked at trading. Instead of using options as vehicles for speculation – a way to juice my returns and get more bang for my buck – I started using them the way they were intended to be used: as a way to reduce risk. Today, I still do my fair share of speculating. But I'm not focused on how much money I can make. I'm focused on how little I can lose. That's a huge difference. It has allowed me to trade options successfully for nearly three decades. And it allowed me to retire at 42. Best regards and good trading, Jeff Clark Editor, Market Minute P.S. It’s no secret technology has improved since I first started trading the markets. Today, most of the trading is done by computers that know exactly when to buy and sell for the best profits. However, I’ve discovered a way to beat the computers at their own game. Using my new strategy, I can predict when the buy and sell signals will flash – before the computers. I put this new strategy to work in my recent Delta Report recommendation. If you’re interested in how it could work for you, click here. Like what you’re reading? Send your thoughts to feedback@caseyresearch.com. In Case You Missed It… Special Election Roundtable: Ever since the Chinese coronavirus threw our economy and stock market into chaos… And left President Trump with no choice but to unleash the biggest stimulus program in history… Millions of Americans have wanted to know… What moves do you need to make now to not only preserve your wealth but to make your money grow? This situation is still unfolding. We don't have a crystal ball. But here's one thing we do know with 100% certainty. This is something no one in the mainstream media sees coming. Take a few moments to watch it below and decide for yourself… |
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