SUCCESS STORY

Jerry,

Thank you, thank you, thank you.

WOW what a month of trading. I just can't believe this, I had my biggest day EVER in over three years of very active trading. My entire account gained 14% in ONE day (9/30/11).

For the month of September, I am up 38%.

My account is up 21% overall in 2 1/2 months of trading your system.

And astute math nerds will notice the disparity between September and the totals. That was due to me jumping in the first month having taken no classes yet, and losing money in the beginning. Let this be a warning to newbies, play it safe for a while with paper trading till you gain confidence and learn the proper skills Jerry teaches. (I am still learning myself).

None the less, ALL of this success is because of your excellent training and outstanding insight in your blog. I wish I had found you 3 years ago. While I sold some of my puts tonight at the close, I still am riding this downtrend.

Mr. Ed

SUCCESS STORY

Jerry - I also want to thank for all helpful feedback you have given me. I feel that I have received the best instruction and training available anywhere. Your recorded lectures and classes are the best -- bar none. I had no experience in trading options prior to your course. I am very excited about what I have learned and very anxious to apply all of your teachings. I certainly would recommend your OPTION MAGIC course to anyone who is serious about learning to trade options. I found your course to be very motivating, interesting and challenging.

THANK YOU

LARRY W.

SUCCESS STORY

Jerry,

You have to love those Fibonacci ratios! After your Fibonacci class yesterday, I charted your recommendation on LVS. I entered the trade as the price had moved below the 50 day MA and the 10 day EMA. I decided on an aggressive entry on a put just above the 61.8 and set my PT / Limit at the 38.2. Within the first half hour of the market opening this morning, my OCO order was triggered and I was up 240 bucks! After the trade had been completed, I saw the price bounce off of the support at the 38.2 level and retreat back up. By setting my limit at the 38.2, I really maximized my profit on this trade.

First of all, thanks for your recommendations. While I'm only half way through your first course, I have been doing some limited trading and I am up about 1200 over the past week. Of course, all of the paper trading has really helped, but applying the lessons in real time with real money has been the best reinforcement for me.

Chris P.

SUCCESS STORY

Jerry,

Thanks so much for your education, it is slowly coming together. Below are my most recent trades:

• XLF put 71% gain 9/23
• GE put 56% gain
• CVX put 46% gain
• TZA call 51% gain

The market started to turn up 9/23 so I sold out of these positions to keep my profit.

Mr. Ed

300

We just reached 300 followers of this blog! I just wanted to recognize this milestone and thank each of you for following. I hope that you are seeing success and enjoying your trading.

ALMOST THERE

Today's reversal could signal the beginning of the next move down. There is still a chance we could rally up to that 1220 area again, but many of the individual charts look like they are ready to drop right now. The financials look very bearish again so start looking at those FAZ calls. If the market gaps up at the open, it would really set up some nice reward to risk trades on FAZ and TZA. AMZN and CMG both had bearish engulfing patterns today. They don't have to drop immediately, but it should happen very soon. We still have to respect the 1120 support area, but I don't think it is going to hold this time. LVS is another put option trade. It should move down to around $37 (or lower) on this next move down. The SLV may drop a bit more if the market moves down to 1040, but I still think it is at or near its bottom...at least that is my opinion right now.

SNAP BACK RALLY

I think this was the snap back rally that we were waiting for. With the strength of the reversal today, we could move up a bit further tomorrow. I don't think that we will go much higher on this rally. There is always the possibility that we can go back up to 1220 again, but I feel that too many traders out there are expecting that. I think we might rally up just a bit more, then drop down to 1040. Silver made a big reversal today. Gold wasn't too bad, but silver was much better. If you are entering a new trade on the SLV, I'd put a stop below today's low (about $27.41). There is a good chance that the SLV could spike up pretty good within the next 30 days. If you already have an SLV position, you should see a recovery very soon...and hopefully a nice profit after that. If we get a decent move up in the market tomorrow, start looking at the FAZ and TZA calls again. I'd like both of those to get closer to their 50 day MA so that the reward to risk for the trade is better.