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What would you say if someone told you that they consistently produce an average annual return of 3,000-4,000%? You would probably think it's too good to be true, right? That's what I thought when I reviewed a list of best performing investment newsletters reported by Pro-Trading-Profits, an independent advisory monitoring site. So I decided to check out one of the services reporting those remarkable returns. Click here to view the article

So I decided to check out one of the services reporting those remarkable returns. "Cumulative return"? Really? This service makes one trade per week, using weekly options expiring the same day. The way they present their results is "cumulative performance". They simply add the results of the individual trades together. While technically this is correct, does it mean anything? Would you be comfortable placing your whole portfolio into one weekly trade? When a newsletter claims a 1,000% return for the year, wouldn't you assume that if you started the year with $10,000 and invested in all the recommendations given on the site, they would now have $100,000? But this is not the case. A lot of services calculate their yearly return by adding together all the individual returns on each trade recommended for the year. And you can understand why a service would do that – it’s not only simple but, most importantly, it shows off their performance in the best possible light. Hey, if you could do just four trades per month and make 100% a month, why wouldn't you subscribe? Because you haven’t actually made 100%, that’s why. Not in the way that most people would think about trading or investment returns. In case of the described service, since those weekly trades are very risky, there is a significant amount of 100% losers. So realistically, you should not allocate more than 2% per trade with this strategy, and even this is a stretch. Are those returns live? To add insult to injury, it turns out that the website went public only in January 2015, but they present track record going back to October 2012. They assume (rightfully) that nobody in his right mind would pay over $1k/year for a service that exists only 3 months, but 2.5 years looks better, doesn't it? Of course the track record cannot be verified because the service did not even exist in 2012-2014, but how many people would be checking this? Humans desperately want to believe there is a way to make money with no or little risk. That’s why Bernie Madoff existed, and it will never change. You should always check if the reported results are live or backtested, by asking the services provider and/or checking the website creation date. The correct way to report returns SteadyOptions will always report our returns based on the whole account. The performance of the model portfolio reflects the growth of the entire account including the cash balance. Some services consider a $1,000 gain on a $1,000 investment to be a 100% return when the whole account is worth $10,000. SO considers this to be a 10% return — and that is the honest way of doing the calculations. There are a lot of other dirty tricks that some services use to push up their numbers. It might include reporting based on "maximum profit potential", calculating gains based on cash and not on margin etc. You can read my article Performance Reporting - The Myths And The Reality for full details. Still skeptical? Why not to take the SteadyOptions free trial and see by yourself how we are different from other services. Please refer to Frequently Asked Questions for more details about us. Related articles Can you double your account every six months? How to Calculate ROI in Options Trading Performance Reporting: The Myths and The Reality

While most major indexes continue to straggle, SteadyOptions continues to deliver strong gains. SteadyOptions flagship service produced 47.4% ROI in Q1 2015, based on fixed $1,000 allocation per trade (non-compounded) and 6 trades open. This translated to 28.4% return on the whole account, based on 10% allocation per trade. The winning ratio was a remarkable 82%. Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance. Click here to view the article

Please note that those results are based on real fills, not hypothetical performance. Performance dissected It is important to mention that those numbers are pre-commissions, so your actual results will be lower. As with every trading system which uses multi leg trades, commissions will have a significant impact on performance, so it is very important to use a cheap broker. We have extensive discussions about brokers and commissions on the Forum (like this one) and help members to select the best broker. Commissions reduce the monthly returns by approximately 2-3% per month, depending on the broker. Please refer to Performance Dissected topic for more details. The following is a snapshot of our performance, taken from Pro-Trading-profits.com: According to PTP, our Average Annual Return since inception is a remarkable 107.7%, including commissions. Current Year Annualized Rate of Return is 146.3%. SteadyOptions strategies SteadyOptions uses a mix of non-directional strategies: earnings plays, Iron Condors, Calendar spreads etc. The pre-earnings strategy is based on my Seeking Alpha articles ‘Exploiting Earnings Associated Rising Volatility’ and ‘How To Rent Your Options For Free’. This strategy aims for consistent and steady gains with holding period of 2-7 days. SO model portfolio is not designed for speculative trades although we might do some in the speculative forum. SO is not a get-rich-quick-without-efforts kind of newsletter. I'm a big fan of the "slow and steady" approach. I aim for many singles instead of few homeruns. My first goal is capital preservation instead of doubling your account. Think about the risk first. If you take care of the risk, the profits will come. What makes SO different? First, we use a total portfolio approach for performance reporting. This approach reflects the growth of the entire account, not just what was at risk. We balance the portfolio in terms of options Greeks. SteadyOptions provides a complete portfolio solution. We trade a variety of non-directional strategies balancing each other, including but not limited to straddles, calendars, butterflies etc.. You can allocate 60-70% of your options account to our strategies and still sleep well at night. Second, our performance is based on real fills. Each trade alert comes with screenshot of my broker fills. Many services base their performance on the "maximum profit potential" which is very misleading. Nobody can sell at the top and do it consistently. We put our money where our mouth is. Our performance reporting is completely transparent. All trades are listed on the performance page, with the exact entry/exit dates and P/L percentage. It is not a coincidence that SteadyOptions is ranked #1 out of 704 Newsletters on Investimonials, a financial product review site. Read all our reviews here. The reviewers especially mention our honesty and transparency. Other services In addition to SteadyOptions, we offer the following services: Anchor Trades - Stocks/ETFs hedged with options for conservative long term investors. The strategy delivered 0.3% return in Q1 2015, basically tracking the S&P 500, while staying completely hedged all the time. Steady Condors - Hedged monthly income trades managed by the Greeks. The strategy delivered 10.8% return in Q1 2015. Including April portfolio which was closed recently, the YTD return is 17%, which brings Steady Condors back to new equity highs. LC Diversified Portfolio - broadly diversified, absolute return, multi-strategy portfolio. The strategy delivered 3.1% return in Q1 2015. The LCD is our most diversified, comprehensive and scalable portfolio. I highly recommend that members check it out. It is offered as an added bonus of all subscription plans. You can also read a comprehensive overview of the strategy here. We also offer Managed Accounts for Anchor Trades and LCD. Subscription is now open to new members for a limited time. We invite you to join one of the most successful options newsletters.When you join SteadyOptions, we will share with you all we know about options. We will never try to sell you any additional "proprietary systems", training, webinars etc. All our "secrets" are included in your monthly fee. Happy Trading from SO! Related articles: SteadyOptions 2014 - Year In Review Steady Condors: The Comeback SteadyOptions 2014 Half Year Report: 95.3% ROI Steady Options 2013 - Year In Review How to Calculate ROI in Options Trading Start Your Free Trial

Numbers don't lie. Take a look how the major indexes performed in January, and compare it to SteadyOptions performance: S&P 500: -3.1% Dow Jones: -3.7% Russell 2000: -3.3% SteadyOptions: +20.7% ROI After booking 146% ROI in 2014, we closed 8 trades in January, producing an incredible 88% winning ratio and 16% average return per trade. Click here to view the article

After booking 146% ROI in 2014, we closed 8 trades in January, producing an incredible 88% winning ratio and 16% average return per trade. Our success continues in February. Here is the list of ALL trades we closed so far in 2015: LNKD calendar: +30.0% EXPE straddle: +0.7% GMCR calendar: +6.8% VIX calendar: +10.0% RL straddle: +13.8% GOOG calendar: +33.3% FB calendar: +15.0% BABA calendar: +26.3% MSFT straddle: -2.0% SPY/TLT combo: +15.0% NFLX calendar: +10.2% RUT Iron Condor: +19.3% INTC straddle: +6.8% 13 trades. 12 winners. Overall 2015 YTD ROI: 30.9%, or 18.5% return on the whole account (based on 10% allocation per trade). That means that if you allocated 10% of your portfolio to each trade, your account would be up 18.5% just in the last 5 weeks. I know this sounds too good to be true. I know that people are tired of investment services that manipulate their numbers (you can find some examples here). However, those numbers are real. They are based on actual trades. All trades come with screenshots of broker fills. Each and every trade is archived on the forum and can be verified. In fact, many of our members did even better than the official performance. Some members books 50% gain in SNDK, 30%+ gain in INTC, 30%+ gain on YELP, 25%+ gain on AMZN, 15%+ gain on YUM etc, in addition to our official picks. At SteadyOptions, full transparency is the name of the game. No "hypothetical performance reporting", "profit potential" or other tricks. We execute all trades in our personal accounts. ALL trades are listed on the performance page. We won't ask you to email us to get the track record. We won't ask you to sign up first to get the track record from the members area. Can other newsletters show the same level of transparency? Finally, we would like to share with you the latest testimonial from one of our members: "I would definitely recommend SteadyOptions for the trader who is tired of the "double your money in a month" type of philosophy and just wants to steadily and confidently increase his account by credible and attainable figures. Kim is a great trader while also being a patient and thoughtful teacher and his forum is an invaluable source of wisdom for the serious trader that wants to learn to fish his own fish. It is refreshing to learn from a real trader, with real numbers, trading his own money as opposed to the other "traders" that "teach" for a living." It is not a coincidence that SteadyOptions is a top ranked newsletter on Investimonials. You can read all our reviews here. Why not to try us free for 10 days? You have nothing to lose - cancel before the end of the free trial and you are not billed. Start Your Free Trial

Happy New Year everyone! Wishing you and your families a lot of health, prosperity and happiness in 2015. 2014 marks our third year as a public service. We had a fantastic year. We closed 150 trades in 2014 which produced 146.6% ROI, based on fixed $1,000 allocation per trade (non-compounded) and 6 trades open. The winning ratio was pretty consistent around 63%. We had only one losing month in 2014. Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance. Click here to view the article

Please note that those results are based on real fills, not hypothetical performance. Performance dissected It is important to mention that those numbers are pre-commissions, so your actual results will be lower. As with every trading system which uses multi leg trades, commissions will have a significant impact on performance, so it is very important to use a cheap broker. We have extensive discussions about brokers and commissions on the Forum (like this one) and help members to select the best broker. Commissions reduce the monthly returns by approximately 2-3% per month, depending on the broker. Please refer to Performance Dissected topic for more details. August was our only losing month in 2014. Our biggest loser was 50%, and only nine trades have lost more than 20%. Our strategies SteadyOptions uses a mix of non-directional strategies: earnings plays, Iron Condors, Calendar spreads etc. The pre-earnings strategy is based on my Seeking Alpha articles ‘Exploiting Earnings Associated Rising Volatility’ and ‘How To Rent Your Options For Free’. This strategy aims for consistent and steady gains with holding period of 2-7 days. SO model portfolio is not designed for speculative trades although we might do some in the speculative forum. SO is not a get-rich-quick-without-efforts kind of newsletter. I'm a big fan of the "slow and steady" approach. I aim for many singles instead of few homeruns. My first goal is capital preservation instead of doubling your account. Think about the risk first. If you take care of the risk, the profits will come. We continue expanding the scope of our trades beyond the earnings trades, Iron Condors and calendars. We are trading SPY, GLD, TLT, VIX and other ETFs to diversify the portfolio. We also started trading weekly trades to boost the returns. We will continue refining those strategies to get even better results. This gives members a lot of choice and flexibility. Looking at specific strategies, pre-earnings calendars were big winners in 2014, producing 17% average return with over 80% winning ratio. We will continue trading what works the best and adapt to the market conditions. What makes SO different? First, we use a total portfolio approach for performance reporting. This approach reflects the growth of the entire account, not just what was at risk. We balance the portfolio in terms of options Greeks. SteadyOptions provides a complete portfolio solution. We trade a variety of non-directional strategies balancing each other. You can allocate 60-70% of your options account to our strategies and still sleep well at night. Second, our performance is based on real fills. Each trade alert comes with screenshot of my broker fills. Many services base their performance on the "maximum profit potential" which is very misleading. Nobody can sell at the top and do it consistently. We put our money where our mouth is. Our performance reporting is completely transparent. All trades are listed on the performance page, with the exact entry/exit dates and P/L percentage. It is not a coincidence that SteadyOptions is ranked #1 out of 704 Newsletters on Investimonials, a financial product review site. Read all our reviews here. The reviewers especially mention our honesty and transparency. We place a lot of emphasis on options education. There is a dedicated forum where every trade is discussed before the trade is placed. We discuss different strategies and potential trades. Unlike most other services that just send the trade alerts, our members understand the rationale behind the trades and not just blindly follow the alerts. SO actually helps members to become better traders. Other services In addition to SteadyOptions, we offer the following services: Anchor Trades - Stocks/ETFs hedged with options for conservative long term investors. Steady Condors - Hedged monthly income trades managed by the Greeks. LC Diversified Portfolio - broadly diversified, absolute return, multi-strategy portfolio. The LCD is our most diversified and scalable portfolio, I highly recommend that members check it out. It is offered as an added bonus of all subscription plans. We also offer Managed Accounts for Anchor Trades and LCD. Let me finish with my favorite quote from Michael Covel: "Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between." Subscription is now open to new members for a limited time. We invite you to join one of the most successful options newsletters. When you join SteadyOptions, we will share with you all we know about options. We will never try to sell you any additional "proprietary systems", training, webinars etc. All our "secrets" are included in your monthly fee. Happy Trading from SO! Start Your Free Trial

Our readers and members know that our returns are verified by Pro-Trading-Profits, an independent third party website that tracks performance of hundreds investment newsletters. They have an excellent explanation how to analyze and compare performance of different trading systems. Here are some highlights of their article. Click here to view the article

AGGREGATE vs. ROI When you start looking at the different ways in which trading results are analysed, you’ll notice that they fall into two broad categories, Aggregate Analysis and Return on Investment analysis. Most investment services use versions of Aggregate Analysis which is a slippery slope into results that are at best misleading, at worst, deceptive. Let’s say, for example, that a service did one trade in the month. They make 10% on that trade. According to Aggregate Analysis, they would then claim that they had made 10% for the month. But did they? In another instance a service does 4 trades for the month, averaging 10%. They claim, according to Aggregate Analysis, that they made 10% for the month. Really? And probably the most common example is when they’re calculating yearly returns. Say they did 20 trades for the year and the sum of all those trades (that is, the return for each trade added together) was 100%. Their claim, according to Aggregate Analysis, was that they made 100% return for the year. How most services report returns So all Aggregate Analysis does (and this is where its name comes from) is add the results of the individual trades together. And you can understand why a service would do that – it’s not only simple but, most importantly, it shows off their performance in the best possible light. Hey, if you could do one trade and make 10% a month, why wouldn't you subscribe? Because you haven’t actually made 10%, that’s why. Not in the way that most people would think about trading or investment returns. 10% return assumes that you allocated your whole account to that single trade - which of course is insane. Let’s assume you have a bank of $10,000 and you’re risking 5% per trade because you’re trading options and options are risky. So that’s $500 maximum per trade. The trade makes 10% which is $50, so you’re out for $550. What return did you make for the month? $50 / $10,000 = 0.5% No, you did not make $1,000, as the 10% return suggested you would. You only made 0.5% because, normally, returns are calculated based on the total investment. And your total investment wasn't just the $500 you put at stake for that particular trade, it was the entire $10,000 you have in your trading account, because while it’s sitting there in your trading account it isn't doing anything else. You can’t have it invested elsewhere earning money for you – it has to be in your trading account so you can practice proper money management and risk allocation. How SteadyOptions reports returns? We will always report our returns based on the whole account. The performance of the model portfolio reflects the growth of the entire account including the cash balance. Some services consider a $500 gain on a $1,000 investment to be a 50% return when the whole account is worth $10,000. We consider this to be a 5% return — and that is the honest way of doing the calculations. We also always report performance based on the same allocation. Imagine a service making 3 trades per month and making 10% per trade. They would report 10% return. That means allocating 33% per trade. But wait - what if you need to adjust the trade? You absolutely need to keep at least 20% in cash for adjustments, so your real return is 8.0%. To add insult to injury, if they make only 2 trades in a certain month, they would still report 10% return. That means allocating 50% per trade. But how could you do that if you usually make 3 trades? Our Model portfolio is based on starting value of $10,000, compounded monthly and reset every year. We start with $10,000 each year and compound as the year progresses. Initial full position is $1,000 (10% of the portfolio) and half position is $500 (5% of the portfolio). The allocation for each individual trade is based on 10% of the current value of the performance tracking portfolio (5% for half allocation trades). This means that a 10% allocation when the portfolio is at 10K is smaller than a 10% allocation as the portfolio value increases. For example, a trade closed at the end of 2018 when the portfolio was around 20K had a 10% allocation of around $2000. This is simply following the standard for the performance reporting. Therefore, the dollar gain/loss for each trade in the performance tracking will likely be different from the dollar gain/loss of the official trade. This is because of both the 10% allocation size for the performance tracking changing as the portfolio value increases and also because option trades cannot be allocated at an exact dollar amount. For example: FB trade on 12/28/17 (last trade of 2017) produced 40% gain. If we make 40% on $500 it is $200. But we base the positions on the new portfolio value at the end of each month (23,551 at the end of November 2017) so full position is $2,355 and half position is $1,177. 40% of $1,177=$471, so the portfolio increased from 26,014 to 26,485. This is what compounding means. There might be a slight difference in reported performance and actual performance for the 10k portfolio due to the fact that we cannot buy partial contracts. For example, if we make 10% on a trade, we will always report $100 gain (10% on $1,000 trade), adjusted for compounding. For trades requiring $800 margin the actual gain on $10k portfolio is $80, and for trades requiring $1,200 margin the actual gain is $120, but we will always report $100 gain. There are a lot of other dirty tricks that some services use to push up their numbers. It might include reporting based on "maximum profit potential", calculating gains based on cash and not on margin etc. You can read my article Performance Reporting - The Myths And The Reality for full details. Still skeptical? Why not to join us and see by yourself how we are different from other services. Please refer to Frequently Asked Questions for more details about us. If you liked this article, visit our Options Trading Blog for more educational articles about options trading. Related Articles: Why Retail Investors Lose Money In The Stock Market How To Calculate ROI On Credit Spreads Are You Ready For The Learning Curve? Can you double your account every six months? Performance Reporting: The Myths and The Reality Are You EMOTIONALLY Ready To Lose? Subscribe to SteadyOptions now and experience the full power of options trading at your fingertips. Click the button below to get started! Join SteadyOptions Now!

Check out the Performance page to see the full results. Please note that those results are based on real fills, not hypothetical performance, and exclude commissions, so your actual results will be lower. Trading the current market There is no doubt that this is a difficult market to trade. Volatility is at multi year lows, and has been on steady decline in the last few months. The average hedge fund gained only 1.77% in the first half of 2014, according to Hedge Fund Research, lagging the major indexes by significant margin. The key to trade the current markets is to limit the losses, to trade less and to be more selective. Despite difficult market conditions, SO delivered very impressive performance in the first half of 2014, especially in the first quarter. What makes SO different? First, we use a portfolio approach, that may include a variety of non-directional strategies. We balance the portfolio in terms of options Greeks. The earnings trades are vega/gamma positive and theta negative. To balance them we might open calendars, Iron Condors or butterfly trades which are theta positive. We might use a mix of different expirations to balance the gamma. Second, our performance is based on real fills. Each trade alert comes with screenshot of my broker fills. Many services base their performance on the "maximum profit potential" which is very misleading. Nobody can sell at the top and do it consistently. We provide a full disclosure and list all our trades on the performance page. Unlike some other newsletter services, we will never omit a trade from our track record because some members couldn't open the trade or make the adjustments. This rule applies to all trades, good and bad - you will always get a full picture and will never have to guess how we calculate our numbers. We place a lot of emphasis on options education. There is a dedicated forum where every trade is discussed before the trade is placed. We discuss different strategies and potential trades. Unlike most other services that just send the trade alerts, our members understand the rationale behind the trades and not just blindly follow the alerts. SO actually helps members to become better traders. We invite you to join one of the most successful options trading services. When you join SteadyOptions, we will share with you all we know about options. We will never try to sell you any additional "proprietary systems", training, webinars etc. All our "secrets" are included in your monthly fee. Let me finish with my favorite quote from Michael Covel, which is especially relevant to the current market conditions: "Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between." The earnings season is just around the corner. Now is an excellent time to join our service. Start Your Free Trial

Non directional income trading wasn't designed for relentless trends like 2013 provided and many of our competing services set record drawdowns. Our worst drawdown in 2013 was less than 3%, and our year end performance was 29.4%. We report performance net of commissions, on the whole account, and non-compounded. If you would have begun with a $40,000 account you would have ended with $51,760. Please be sure to read the final comments of the Steady Condors introduction to understand our transparency in reporting performance compared to other services. Many traders and investors are continually in hot pursuit of the next “holy grail” strategy looking at nothing other than past returns and often forgetting about what is equally important at the end of the day…that nasty four letter word we all have to deal with in the financial markets…RISK. The primary focus of Steady Condors is risk management, whereas we find many of our competing services make attempts to predict the market with their credit spread and condor trades. Nobody knows where the market is going, so stop caring about what it will do next. Focus on executing your plan (that means you have to have one!), and ignore all the noise. Most months in 2013 we were required to make several adjustments to keep our deltas under control as the markets continued to march higher, but this risk management is what allowed us to still produce a nice profit for the year with minimal stress while many other condor traders relying on "technical resistance levels" were wondering/hoping that "it can't go any higher, can it?" Make no mistake, iron condors can be brutal on the upside as well as the downside as many learned in 2013. When comparing Steady Condors to other services or strategies, don’t forget to consider both historical performance AND historical drawdowns in both up and down markets. The plan for 2014 It’s pretty simple, but requires discipline…Follow our trade plan one day and one month at a time. That will never change; the best traders are normally fanatics about this. Some years will be better than others but if you stop focusing on the result of each individual trade and define success on an annual (or longer) basis we are confident you will be very satisfied with our service. “Keep your rules rigid, and your expectations flexible.” We are NOT saying replace all your other investments and load the boat with Steady Condors, but instead consider how adding a risk managed and market neutral income generating strategy like Steady Condors could benefit a portion of your portfolio. We are very excited to see what 2014 brings, best wishes and good trading to all! Start Your Free Trial

Performance dissected It is important to mention that those numbers are pre-commissions, so actual results will be lower. As with every trading system which uses multi leg trades, commissions will have a significant impact on performance, so it is very important to use a cheap broker. We have extensive discussions about brokers and commissions on the Forum (like this one) and help members to select the best broker. Commissions reduce the monthly returns by approximately 2-3% per month, depending on the broker. Please refer to Performance Dissected topic for more details. Depending on your commissions and allocation, the return on the total account including commissions would be in the 50-60% range in 2013. eptember-October was our worst losing streak since inception. We let few trades to get out of control and the losses were higher than we would like. We expect to have a better risk management going forward. Our strategies SteadyOptions uses a mix of non-directional strategies: earnings plays, Iron Condors, Calendar spreads etc. The pre-earnings strategy is based on my Seeking Alpha articles ‘Exploiting Earnings Associated Rising Volatility’ and ‘How To Rent Your Options For Free’. This strategy aims for consistent and steady gains with holding period of 2-7 days. SO model portfolio is not designed for speculative trades although we might do some in the speculative forum. SO is not a get-rich-quick-without-efforts kind of newsletter. I'm a big fan of the "slow and steady" approach. I aim for many singles instead of few homeruns. My first goal is capital preservation instead of doubling your account. Think about the risk first. If you take care of the risk, the profits will come. We continue expanding the scope of our trades beyond the earnings trades, Iron Condors and calendars. We started trading SPY, GLD and VIX and added the double calendar as an additional earnings strategy. We also started trading weekly trades to boost the returns. We will continue refining those strategies to get even better results. This gives members a lot of choice and flexibility. Looking at specific strategies, VIX calendars and pre-earnings calendars were big winners in 2013. VIX put calendars produced 7 out of 7 winners with average return of 35%. Pre-earnings calendars produced 20% average return with 88% winning ratio. Due to low IV environment, the earnings straddles did not perform as well, but still produced overall positive returns. We will continue trading what works the best and adapt to the market conditions. What makes SO different? First, we use a portfolio approach, that may include a variety of non-directional strategies. We balance the portfolio in terms of options Greeks. The earnings trades are vega/gamma positive and theta negative. To balance them we might open calendars, Iron Condors or butterfly trades which are theta positive. We might use a mix of different expirations to balance the gamma. Second, our performance is based on real fills. Each trade alert comes with screenshot of my broker fills. Many services base their performance on the "maximum profit potential" which is very misleading. Nobody can sell at the top and do it consistently. Our performance reporting is completely transparent. All trades are listed on the performance page, with the exact entry/exit dates and P/L percentage. We place a lot of emphasis on options education. There is a dedicated forum where every trade is discussed before the trade is placed. We discuss different strategies and potential trades. Unlike most other services that just send the trade alerts, our members understand the rationale behind the trades and not just blindly follow the alerts. SO actually helps members to become better traders. New services In 2013 we launched two new services: Anchor Trades - Stocks/ETFs hedged with options for conservative long term investors. Steady Condors - Hedged monthly income trades managed by the Greeks. We will have separate posts discussing those services. We intend to start auto-trading the Steady Condors soon, and we also offer Managed Accounts for those two services. You can read about all the different options here. Let me finish with my favorite quote from Michael Covel: "Profits come in bunches. The trick when going sideways between home runs is not to lose too much in between." Subscription is now open to new members for a limited time. Happy Trading from SO! Start Your Free Trial

Kim, I couldn't find where this was posted on the site, but I have to tell you this is what makes you a real stand-up guy. I don't know anyone that would write such an honest e-mail. Well done Kim. Honestly you also don't have much to be sorry about. You discuss the risks up front. You have created an excellent community here. As long as I am able to afford it, I'll pay my monthly fee just for the chance to interact with some of the regular members on this site and you, regardless of the success of the earnings trades. I wish you continued success. Richard