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WELCOME TO MYTRADESIGNALS.COM
MY TRADE SIGNALS INCLUDE
* Minimum of 6 Trade Recommendations per Month.
* 60 Day Money Back Guarantee
* Complete market info for the trade including tick values and
option expiration.
* Proper trade description i.e. Bear Put spread, Strangle, Synthetic
Future etc
* Full explanation of the contracts necessary to enter the trade.
* Detailed entry and exit strategies.
* Professional and thorough Technical/Fundamental reasons for the
trade.
* Charts with all referenced indicators clearly marked and
annotated.
* Precise Risk/Reward scenarios and available probability analysis.
Click here for an example of our trade signals.
WHAT IS MYTRADESIGNALS.COM?
Trade recommendations are not created equal and most of what is
available to the public typically ends up being nothing more than an
exercise in hypothetical trading that never becomes a viable order.
Most trade signals offer entry points and if you're lucky you may even
get an exit point to shoot for. The problem is that telling someone to
buy Gold at 450.00 and sell Crude at 60.00 has become the standard
format for a trade signal in the industry. These types of signals are
vague, not backed by any research (technical or fundamental analysis)
and let's face it these are typically not profitable. This is where
MyTradeSignals.com distinguishes itself from other services out there.
MyTradeSignals.com is a service dedicated to helping people become
better traders. Many people venture into the world of trading with
very little understanding of the risks involved. Risk spelled another
way is opportunity. But managing risk is something many traders do not
have a strong grasp on. MyTradeSignals.com is a service dedicated to
defined risk, high probability option spread strategies that are
applied to the futures markets. So let's get started by explaining why
we use options.
Any market whether it is Corn, Stocks, Bonds, the Euro, etc. can
only ever do one of three thingsGo up, go down, or go nowhere.
Traditional futures traders can only ever make money in one of the
three directions. Bulls make money if the market goes up, Bears make
money if the market goes down, and both don't make anything if the
market stays flat. Options, on the other hand, can give a trader more
flexibility by allowing the trader to create a strategy that can often
profit in two out of three scenarios; up and/or nowhere for instance.
But before we get into that let's talk about a topic that many people
might call boring, but in fact is the most important part of
tradingRisk Management.
First of all, if you are a traditional futures trader your risk is
usually theoretically undefined. Even if you are using stops, markets
can always gap through your stops causing a larger loss than expected,
and it could go lock limit. In a lock limit market traders cannot get
out at any price, and losses can often become overwhelming. Defined
risk options spread strategies are a great way to solve this unlimited
risk problem. So what are defined risk option spread strategies?
Defined risk means exactly thatrisk is clearly defined up front..
This means that before you ever enter a trade you know exactly how
much money is at risk, no matter what the market does. Any experienced
trader will tell you that managing risk is far more important than
being right on calling a markets direction. How many times have you
entered a trade with little more in your plan than how you are going
to spend your winnings? This is a common mistake that traders make.
When MyTradeSignals.com looks at a trade the first question we ask
is not where we think the market is going or how much we think we can
make on a trade, but rather how much are we willing to risk. All trade
decisions should start with this one question. No exceptions. So if we
decide that we are willing to risk $500 per trade, now we look at how
much we think we can make. If we cannot make at least 3 times the risk
($1500) then we do not recommend the trade. This is where risk to
reward ratios come into play.
Mytradesignals.com will always strive to put out trades that have at
least a 3: 1 risk to reward ratio. There is a very sound reason as to
why. If you are risking $500 per trade to make $1500 per trade, and
you lose the first two trades you have lost $1000. Now if the third
trade is the winner you make a net profit of $500 ($1500 profit -
$1000 loss = $500). So here you were wrong on market direction 2 out
of three trades and still made money because of sound risk management.
Most traders will tell you (if they are honest) that they lose more
trades than they win. So how can they still be trading if they lose
more trades than they win? Risk Management is the simple answer. Now
many of you may ask why don't we do trades that have a risk reward
ratio of 10:1 or greaterthe thinking behind that being if 3:1 is good
than 10:1 is great. This is not correct because now we must balance
both risk and reward with probability. We can construct trades that
have a risk/reward ratio of 100:1 but the probability of success on a
trade like that is almost always less than 1%. Balancing risk/reward
with probability is the "art" of being a good trader.
So how does Mytradesignals.com come up with trades? We use a
combination of standard technical analysis coupled with fundamental
analysis to arrive at a trade. If we have a strong technical pattern
backed up by confirming fundamental data we will then look at the
options markets and determine how we can best maximize leverage and
probability of success within a defined risk trade. We try to target
$500 as the average risk per trade but that is not always possible
depending on the market and the trades design. Many people have traded
options and been frustrated by it, lets look at some reasons why.
If you have ever bought an option and had the market move your way
and still lost money you know the frustrations that can come with
option trading. Most people simply buy a call, or buy a put, then only
risk the premium that they paid for the option. On paper this looks
good but again we must look at probability. Most people buy out of the
money options because they are cheap. As with most things you get what
you pay for here. Options are a wasting asset. This means that as time
passes the value of the option declines even if the market is moving
in the right direction. Because out of the money options have only
time value, as time passes their value decays. By expiration, if the
market has not moved through your strike price you lose the premium
paid for that option. Again this is because most options traders buy
out of the money options which tend to have the least probability of
becoming winners. Option spreading is a way to turn this problem into
an advantage.
Option spreading is the combining of both buying and selling certain
options to create a defined risk strategy. Buy selling the out of the
money options instead of buying them we raise money that we can use to
buy an at or in the money option. At or in the money options are often
expensive and therefore many traders ignore them. This is the main
reason options traders get frustrated. By selling options that have a
high probability of expiring worthless and using that money to buy and
options that have a higher probability of being a winner instantly
improves our odds.
Every trade recommendation from MyTradeSignals.com is spelled out
from start to finish with a Trade Description, Technical/Fundamental
Explanation for the trade, clearly annotated Charts and full on Risk &
Reward scenarios.
Let's start with the Trade Description, this portion of the trade
rec is where you will find the name of the strategy i.e. Bull Call
spread, Strangle etcand a description of the options you will need to
buy and sell to place the trade. This section will also explain how
much you will enter the order for and whether it is a Credit or Debit
to your account. Please remember that these trades are being
implemented by brokers for their clients so they are not hypothetical.
Next in the trade rec is the Technical/Fundamental Explanation. This
section of the recommendation is a must because it allows the client
to follow the thinking behind the trade and to understand why the
trade was created in the first place. The primary purpose of this
section is to allow the client to decide if they agree or disagree
with the premise of the trade and possibly educate them on the
important factors in spotting a trade for that particular market.
Clearly annotated Charts point out different technical formations
and other important indicators such as commitment of traders and
volatility indicators. This allows the client to visualize the
projected move in the market and learn how to spot these formations on
their own in the future.
Last but definitely not least is the Risk BACKGROUND-COLOR:
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The My Trade Signals Preferred Broker for Futures and Options
Trading is Odom and Frey Futures and Options [12]. Visit the Odom and
Frey Website at odomandfrey.com [13] for information on how to
successfully trade Futures and Options. While you're on the Odom and
Frey website, be sure to sign up for the free eNewsletter.
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Mytradesingnals.com is owned and operated by Odom & Frey Futures &
Options, LLC
Odom & Frey Futures & Options, LLC is a GIB(Guaranteed Introducing
Broker)of PFG(Peregrine Financial Group)
INVESTMENT IN FUTURES INVOLVES A HIGH DEGREE OF RISK, YOUR
INVESTMENT MAY FALL AS WELL AS RISE, YOU MAY LOSE ALL YOUR ORIGINAL
INVESTMENT AND YOU MAY ALSO HAVE TO PAY MORE ON THE ORIGINAL AMOUNT
INVESTED. CONSULT YOUR BROKER OR ADVISOR PRIOR TO MAKING ANY
INVESTMENT DECISIONS. PAST OR SIMULATED PERFORMANCE IS NOT A GUIDE TO
FUTURE PERFORMANCE.
