The Story of How I Learned to Trade

[image] Investor, When I was in high school, I got some junk mail offering for a course that thought you how to trade futures. I paid a couple hundred bucks for the course and convinced my dad to open an account for me. We started with $8,000. I had never felt so alive. I was watching the markets. I was looking at weather patterns and forecasts. I knew more about soybeans, crude oil, and lumber than everyone in my school put together. I devoured the course and memorized it. I wanted to be rich- and fast. I wouldn't be able to sleep at night because I was thinking about all the money I was going to make by pyramiding my futures contracts. (Pyramiding is where you take the profits from one contract, to buy another, and then more. It grows your profits exponentially, but if the market reverses you can lose it all in the blink of an eye.) I still remember those days. I was super cautious though. I didn't want to lose any money because the $8,000 was taken from a credit card. We didn't have that money lying around. I could not afford to lose that money. My dad, on the other hand, knew I was going to lose it. He was sure of it. The only reason he gave me the money was so that I would crash and burn – and give up on futures, which he considered gambling. The first trade I placed was in the Japanese Yen. The Yen was getting stronger and was trending higher. I had learned about support and resistance. The Yen was behaving beautifully. And so I got in. I bought one contract. As soon as I placed my order, I entered my stop loss order. A stop loss order is placed so that if your position goes against you, your broker will automatically get you out of the position when it gets to a certain price. That night I couldn't sleep. This was it-the start of my fortune. I was going to be super rich. I had done everything right. I picked the right item to trade. I entered the trade properly. I placed my stop loss. Now all I had to do was sit back and wait. The next day I checked my trading account and I couldn't believe my eyes. It must have been a mistake. Yesterday I had $8,000 in my account. But today I had only $145. I had been sold out of my position. I had lost all my money – in one trade – in one day. The Yen had opened low. Very low. Lower than my stop loss. And when it started trading, my stop loss was triggered and my contract was sold – at the low of the day. As the day when on, the Yen rallied and closed UP for the day. It then continued to go up for several more days without me. Had I been in the trade I would have made a very nice profit. Instead, I was heartbroken. The market had seduced me in, picked my account clean, and threw me to the curb. The only consolation was that my dad never told me "I told you so." You might think I would have learned my lesson and given up on trading. But the opposite happened. I fell in love and knew that I would be back…one day…when I had more money. You have probably deduced that I did get back into trading and that I have done pretty well for myself. Even though my first trade was futures contract, I became a full time trader trading selling stock options. But eventually I found my way to futures options and discovered that they are AMAZING! So much easier to trade than stocks, stock options or futures. So much easier to win than stock, stock options, or futures So much easier to be consistent with than stocks, stock options, or futures. I can only imagine how much money I would have right now if that first course was a futures options course, instead of just a futures course. So consider this your “junk mail” offer to learn about futures options…[check out this free Masterclass]() I am doing that shows exactly what, why, and how I trade oil options. I have come a long way since that first trade…[join the Masterclass (Click Here)]() so you don’t make the same mistakes I did. Allen You are getting this email because we believe this is a great next step for you. If you no longer wish to receive these emails, it will deeply, deeply hurt our feelings, and we will be sad for days on end. But we understand completely. [Just click this unsubscribe link]( and you will not get any emails about the Blank Check Trading Masterclass. [Unsubscribe]( FINAL WARNING, clicking this link will remove you from ALL of our mailing lists (Option Genius, Simon Says Options, Weekly Trading System, and all of our other products). You will no longer get any emails from us. OptionGenius / WeeklyTradingSystem / SimonSaysOptions 19901 Southwest Freeway Sugar Land , Texas 77479 United States (800) 986-3250