SteadyOptions is an options trading forum where you can find solutions from top options traders. TRY IT FREE!

We’ve all been there… researching options strategies and unable to find the answers we’re looking for. SteadyOptions has your solution.

My 2015 Account Return: 80.2%


Many people say that our performance is too good to be true. If you had a nickel for every time you heard some investing “guru” cherry-pick advice, you wouldn’t need to invest because you would have a fortune.  SteadyOptions provides great options education, but is also striving to be one of the industry leaders in honesty and transparency.

Our performance reporting is on the whole account and based on real fills. We put our money where our mouth is. Our members already know that we execute all trades that we share with members in our personal accounts. You can read here what our members think about us.

 

But today I'm going to take one more step toward complete transparency. I'm going to provide an additional reference to the current and prospective members and share with you my personal account performance. I'm going to show you the summary of my actual 2015 account statement, directly from my broker.

 

Here it a screenshot from my broker's 2015 statement:

 

a0d4f5e8cacae62f0155e6e405c24c07.png

 

Just to be clear, I have several accounts trading/investing different strategies, but this account is exclusive to trades that I share with my SteadyOptions and Steady Condors members. It uses a very conservative allocation of 5-7% for SteadyOptions trades and 15-20% allocation for Steady Condors trades, leaving around 30-50% of the account in cash on average. I followed the same allocation guidelines that I share with my members and started with account value consistent with what majority of our members allocate to our services. As you can see, the account return was 80.2% in 2015.

 

You might have the following questions after seeing my performance:

 

Q: Why are you revealing your personal performance?
A: My goal is to show you that SteadyOptions performance is not a myth or hypothetical performance. By showing you my real numbers, I want you to see what is possible to earn by trading options if you have the patience, the discipline and the perseverance.

 

Q: Will I be able to replicate this performance if I subscribe to SteadyOptions and/or Steady Condors?
A: That depends. If you just started trading options, then most probably the answer is NO. It will take time. I know this is not what people want to hear, but that's the truth. If you have some experience and spend the time to learn our strategies, then I see no reason why not. In fact, some of our members do better than our official performance.

 

Q: Is 80% per year really that good?
A: You might see sales pages showing you 200%+ returns on some cheap options they bought. But what they don’t tell you is that those trades happen once in a while and are not consistent. The real question is not how much you made on few isolated trades, but how much you made on the whole account. Performance Reporting: The Myths and The Reality shows a lot of examples of performance manipulation, so be careful.

 

Q: How much risk did you take to achieve this performance?
A: Trading is a risky business in general. However, we implement advanced techniques to reduce risk. For example, the Steady Condors trades are hedged and protected much more than "standard" Iron Condor trades. In SteadyOptions portfolio we balance the trades in terms of the Greeks to reduce risk. Position sizing also plays a big role. But those techniques can only reduce risk, not eliminate it. This is why I still don't recommend allocating more than 20-30% of your net worth to options trading, especially if you have big portfolios.

 

Q: Can you achieve similar performance with $1,000,000 portfolio?
A: NO. It is a well known fact that achieving very high performance numbers becomes more difficult as your account grows, for various reasons. One of the issues is liquidity, and this is why I don't recommend allocating more than $100,000 to SteadyOptions.

 

Q: What is the impact of commissions on performance?
A: As you can see, even with cheap broker, I still paid over $16k in commissions in 2015, which reduced the performance by ~20-25% per year. Commissions is the cost of doing business, but you should do whatever is possible to reduce them. Brokers and Commissions discussion can help you to pick the right broker.

 

Q: Why your performance page presents much higher returns for SteadyOptions service compared to your personal account performance?
A: Few reasons. First, the performance on the performance page excludes commissions. Second, my account traded mix of SteadyOptions and Steady Condors strategies and Steady Condors performance is lower. Third, I kept relatively large portion of the account (around 30-50%) in cash most of the time.

 

Q: Do you trade other strategies besides SteadyOptions and Steady Condors?
A: This specific account is exclusive to SteadyOptions and Steady Condors strategies only. I have other accounts (retirement account, corporate account etc.) where I have longer term investments, including Anchor Trades strategy. I also have some Real Estate investments.

 

Q: I would love to join, but I have a full time job and no time to dedicate to trading. Why don't you offer auto-trading?
A: SEC considers newsletters that engage in auto-trading to be investment advisers, and I am not licensed to be an investment adviser. So most newsletters that engage in auto-trading are breaking the law and are exposed to lawsuits like this one. You can read more details here.

 

Please let me know if you have any questions. I invite you to try our services and see how we can help you to become a better trader. I'm not going to promise you the Holy Grail. What I can promise you is that if you are willing to work hard and learn the craft, the sky is the limit.

 

Watch the video:

 

 

SteadyOptions service is currently closed to new members. You can join the waiting list and we will notify you when we have available spots.

 

Start Your Free Trial
*** Free trial is for new members only ***

What Is SteadyOptions?

Full Trading Plan

Complete Portfolio Approach

Diversified Options Strategies

Exclusive Community Forum

Steady And Consistent Gains

High Quality Education

Risk Management, Portfolio Size

Performance based on real fills

Try It Free

Non-directional Options Strategies

10-15 trade Ideas Per Month

Targets 5-7% Monthly Net Return

Visit our Education Center

Recent Articles

Articles

  • 8 Strategies For High Volatility Markets

    Trading in high-vol environments requires a different approach from low-vol markets. Here are 8 strategies to improve your trading and help you to survive in high volatility markets. They are very different from strategies in low volatility environment.

    By TFCAB,

    • 0 comments
    • 14 views
  • Selling Options Premium: Myths Vs. Reality

    Selling Options Premium refers to certain set of strategies that involve net selling of options, as opposed to buying premium where you are net buyer of options. There are a lot of myths and misconceptions about Selling Options Premium. This article will explain the basic concepts and debunk some of the myths.

    By Kim,

    • 0 comments
    • 360 views
  • Combining Momentum and Put Selling (Updated)

    In February of 2017, I wrote an article about combining together the concepts of momentum and put selling. You can find that article here as prerequisite reading. With this post, we'll look at how the strategy presented has done since then, along with some additional implementation ideas.

    By Jesse,

    • 2 comments
    • 308 views
  • Options and Invisible Risks

    Entry and exit timing is crucial to successful options trading, without doubt. However, one form of risk not often acknowledged is the risk of taking too many actions, too soon, and for the wrong reasons.

    By Michael C. Thomsett,

    • 0 comments
    • 421 views
  • The Volatility Option Trade In Alibaba

    This is why you have a Trade Machine membership. We can ride the evergreen patterns, and we have, for years. But when the market shifts, we need a minimum amount of data to adjust, and succeed -- now we will. This is our time.

    By Ophir Gottlieb,

    • 0 comments
    • 604 views
  • James Cordier: Another Options Selling Firm Goes Bust

    On November 1, 2018, a money manager named James Cordier from OptionSellers.com published an article on Seeking Alpha named Option Selling Opportunities So Good They're Scary. To me, this title alone would be enough to completely discredit the author and not trust him with my hard earned money.

    By Kim,

    • 10 comments
    • 4,682 views
  • Do You Have a Written Investment Plan?

    Meb Faber recently polled his twitter followers, and found that only about 25% have a written investment plan. Your investment plan should be based on your willingness (risk tolerance) and need (required rate of return to meet your long term goals) to take risk. 

    By Jesse,

    • 0 comments
    • 474 views
  • Options Delta And Other Greeks

    The most worthwhile of the "Greeks" for options trading (and specifically for timing of trades) is options delta. This indicator looks at likely change in option value relative to change in the value of the underlying. The higher the delta level, the more likely the premium will move more than movement in the same direction for the underlying.

    By Michael C. Thomsett,

    • 0 comments
    • 573 views
  • Leveraged Anchor Update

    We wanted to provide a quick update on the Anchor strategy tweaks and improvements. We’ve now been tracking the two different leveraged Anchor Portfolios for close to six months – more than enough time to began a review of performance and make some definitive decisions.

    By cwelsh,

    • 0 comments
    • 506 views
  • The Volatility Option Trade in Apple

    We can ride the evergreen patterns, and we have, for years. But when the market shifts, we need a minimum amount of data to adjust, and succeed -- now we will. This is our time with Apple. It's time to take advantage of volatility. Fear, uncertainty, doubt, unclear news headlines. 

    By Ophir Gottlieb,

    • 0 comments
    • 734 views

  Report Article

We want to hear from you!


great return! and massive step in terms of transparency. I haven't seen ANY newsletter who actually published a real accounts performance!  - that hopefully should end all the discussions about whether the results are achievable and what the impact of comms is. It also shows the impact of comm is massive - something like a quarter of the average NAV of the portfolio of the year but clearly worth paying if you can still get to a 80% return after that massive fees. Shows though that you need a good (cheap) broker. Especially if you trade with a small account and have a min ticket fee of 10 bucks or so this will eat your performance.

I think the comments about 'is this achievable for everyone (A: you need experience and dedicate time)' and liquidity / scalability are also very important.

thanks for sharing this!    

Share this comment


Link to comment
Share on other sites

Thanks Marco.

 

Obviously the more you trade the more commissions you pay. But if you can keep average return per trade around 7-9%, and commissions reduce that return by 1-2%, it is still worth it to pay more commissions. Of course you still need high probability trades with consistently high return.

 

And yes, to achieve those returns takes time and experience. People see all the hype and think it is an easy task. To become an engineer you have to study 4 years, and probably another 4 years (at least) to become a good one. Why people expect it to be different in trading?

 

Absolutely agree regarding liquidity / scalability, this is why I don't recommend allocating more than $100,000 to SteadyOptions. But those with larger accounts can still split the capital between SteadyOptions and Steady Condors and still get great returns.

Share this comment


Link to comment
Share on other sites

I tend to agree with how difficult larger scalability would be to achieve but does that not make sense if your average member account size is say $50,000?   If you have a hundred members that is close to $5M chasing fills.

Share this comment


Link to comment
Share on other sites

That's $5M total accounts size, with 10% allocation per trade, it's only $500k. And average account size is probably less than 50k. A lot of members have 10-30k accounts, so the average is probably closer to 20-30k. Also most of our trades now are very liquid instruments like SPX, SPY/TLT, NFLX, VIX, GOOG, AMZN etc. 

Share this comment


Link to comment
Share on other sites

Kim, I'm amazed at the amount of transparency you have brought to everybody here. I have been a member of many stock subscriptions in the past, and I have to admit that this is by far the most legitimate, realistic and honest service that I have experienced ever. You have set the GOLD Standard on an ideal stock education service. Many thanks for such an awesome service & I know good things happen to good people - and you are definitely one of them. Happy to be a member for few years now. cheers!

Share this comment


Link to comment
Share on other sites

Thank you very much for your kind words, that means a LOT and motivates me to continue providing the best service and setting new standards in the newsletters industry.

Share this comment


Link to comment
Share on other sites


Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

Options Trading Blogs