Two Testimonials

Two OEX Testimonials explain perfectly how our system works. Read them carefully as these men are successfully becoming traders:

“I realize now I don't have to hit a home run every trade. I gained $1700.00 this week targeting 10 and 20%. I will keep greed out of my trading decisions. I have also employ risk control, money management, and position size. I am keeping a trading journal of the good the bad and the ugly. I think the light bulb finally click onto think you have had everything I needed right in front of me.

One week doesn't change a lifestyle but I am in it to win it.”

“Floyd,

I sold all of the contracts for a profit of $1 each contract and I am walking away with a cool $8000 in a week. Frankly, I did not know how to trade today with the futures staying mildly up but the commodities staying up as well. So I decided to stay conservative and sold during the first half hour as the Dow was closer to R1. I was not sure if it will go past R1 but apparently it did. I still have to make simple adjustments as to how I am trading and clarity is only getting better. This is not possible without your valuable service and help. It is amazing with your position on a call when the market has only somewhat stayed down the whole week but yet so many people seemed to have made money including me ;)

Thanks,

LK

Market Study

Gold mining stocks will grow the most with any upswing to precious metals, and we already have a holding in Canadian Exchange Fund and a long-term call in SLW for silver.

GDX is a buy and hold. Close eyes. Please note this chart was prepared on 5/22/11. How is the stock performing?

How Heavy is a Glass of Water

This next article is schmaltzy stuff. I bow as I pro-offer it as truly it says it all and should be lessons we learn.

Just A glass of water

A young lady confidently walked around the room while leading and explaining stress management to an audience; with a raised

glass of water, and everyone knew she was going to ask the ultimate question, 'half empty or half full?'..... She fooled them all...

“How heavy is this glass of water?” she inquired with a smile.

Answers called out ranged from 8 oz. to 20 oz.

She replied, "The absolute weight doesn't matter. It depends on how long I hold it. If I hold it for a minute, that's not a problem.

If I hold it for an hour, I'll have an ache in my right arm. If I hold it for a day, you'll have to call an ambulance. In each case it's the same weight,

but the longer I hold it, the heavier it becomes." She continued, "and that's the way it is with stress. If we carry our burdens all the time sooner or later, as the burden becomes increasingly heavy, we won't be able to carry on."

"As with the glass of water, you have to put it down for a while and rest before holding it again. When we're refreshed, we can carry on with the burden - holding stress longer and better each time practiced. So, as early in the evening as you can, put all your burdens down.

Don't carry them through the evening and into the night... pick them up tomorrow. Whatever burdens you're carrying now, let them down for a moment. Relax, pick them up later after you've rested. Life is short.

Enjoy it and the now 'supposed' stress that you've conquered!"

1 * Accept the fact that some days you're the pigeon, and some days you're the statue!

2 * Always keep your words soft and sweet, just in case you have to eat them.

3 * Always read stuff that will make you look good if you die in the middle of it.

4 * Drive carefully... It's not only cars that can be recalled by their Maker.

5 * If you can't be kind, at least have the decency to be vague

6 * If you lend someone $20 and never see that person again, it was probably worth it..

7 * It may be that your sole purpose in life is simply to serve as a warning to others.

8 * Never buy a car you can't push.

9 * Never put both feet in your mouth at the same time, because then you won't have a leg to stand on.

10 * Nobody cares if you can't dance well. Just get up and dance.

11 * Since it's the early worm that gets eaten by the bird, sleep late.

12 * The second mouse gets the cheese.

13 * When everything's coming your way, you're in the wrong lane.

14 * Birthdays are good for you. The more you have, the longer you live.

15 * You may be only one person in the world, but you may also be the world to one person.

16 * Some mistakes are too much fun to make only once.

17 * We could learn a lot from crayons. Some are sharp, some are pretty and some are dull. Some have weird names and all are different colors, but they all have to live in the same box.

18 * A truly happy person is one who can enjoy the scenery on a detour.

19 * Have an awesome day and know that someone has thought about you today.

20 * It was me, your friend!

*Save the earth..... It's the only planet with chocolate

There are basics to what we teach. Learn your Dow projections. Study the economic calendar, watch futures, don’t ask for to much admit into your mind…

Study each morning within the alert the economic calendar

http://www.bloomberg.com/markets/economic-calendar/

Use this in conjunction with analyzing futures as often as you can while “our world is closed”; the world market is still going on.

We are re-allocating already within some of our open “baskets” and you’ll note when we are increasing certain stocks. It’ up to you to keep track of your basket, from how you first traded it, but each basket we hold are just part of our overall recommended portfolio.

All options remain open. We need strong movement to show profits, but have investments in key companies.

We are re-entering our Proctor and Gamble 2013 Call.

29% profits in a few months, we turned it, and are ready to invest again. This could be a long-term hold with added commitment.

Welcome to our new “mix” of trading disciplines and effective method to have subscribers interested in truly learning, or being mentored thru the Zen of the market.

Money Bags

Huge lessons learned by advanced mentoring trainer MP we publish to show you progression:

“I just had one of those "Ah Hah" moments today where I actually executed a trade like clockwork...

I demonstrated everything you teach in the last 48 hours.

Yesterday...I could have entered to the call...but I waited because the move down was pretty heavy. I was not anxious to get in knowing that I might miss a move...but I was OK with that...

today...because of all my practice and because of all your lessons...I was able to "breathe" with the market..beginning at 4.30 am with the futures...Because of your DOW projections and my practice using support/resistance...and my experience "tracking" price. I was able to enter at the perfect time..

Again...because of your projections...and profit taking rules...I knew exactly where my target was...

After I sold out with a 24% gain..right BEFORE the top....(while staying home with my girls, cooking lunch and playing hide and go seek)...I just sat back and almost teared up thinking..."I just made more money in four hours than some people do in a week..."

I thought of that book I'm reading...Nickel and Dimed (almost finished by the way)...and how hard people work for $70-$80 per day...(BEFORE TAXES)...and I just took more money home in 4 hours then hard working teens and ADULTS make busting their ass all week long in crappy work conditions...

I was with my kids all day in a very comfortable home doing practically nothing but clicking my computer mouse..and just hanging with my family..

It doesn't seem fair...but I realize that I've worked very hard to get to this point...and I expect it to continue...I just need to keep perspective like this so pride, arrogance and greed stays in check...

I believe I have been blessed with a gift...and you are a big part of that..

Thanks brother.”

MP is my favorite subscriber. He is a fundamental Christian, a libertarian, and a conspiracy thinker. I believe in all faiths until they preach to me, am a Zen Buddhist, and am also a conspiracy thinker. MP and I argue all the time, for years, in emails, and we have both learned from one another.

Remember there are only three of us that run OEX and BCO services so we are not the spiffy group that updates signals hourly.

If our many articles, videos and ability to work by email with Floyd are truly educating you we hope you are learning enough to “trade by oneself”.

"Markets are constantly in a sense of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected"-George Soros

Floyd has a fascination with numbers, hence the study of geometry and math with W.D. Gann, and my use of Fibonacci.

Here’s math to help us simplistically see what patterns can do:

“Money bags"



This year, July has 5 Fridays, 5 Saturdays and 5 Sundays. This happens once every 823 years. This is called money bags. So, forward this to
your friends and money will arrive within 4 days (Based on Chinese Feng Shui.) The one who does not forward.....will be without money. 



Kinda interesting - read on!!!




This year we're going to experience four unusual dates.

1/1/11, 1/11/11, 11/1/11, 11/11/11 and that's not all...

Take the last two digits of the year in which you were born - now add the age you will be this year, the results will be 111 for everyone in the whole world. This is the year of the Money!!! 

The proverb goes that if you send this to eight good friends. Money will appear in next four days as it is explained in Chinese FENGSHUI.

Those who don't continue the chain won't receive....... It’s a mystery, but it’s worth a try. “

We have all received mail chains like this. There is significance in this cycle, however, and more proof of Fibonacci cycles

The Monday After Mother's Day

We will lead again this weekend with our ongoing experiment in Floydian Movies on trading for the week, so be sure to view the movie in the password protected area of the Blue Chip Website. www.bluechipoptions.com

For OEX subscribers we highly recommend you also subscribe to this service for three reasons:

*Our commentary on Monday is much more detailed, discusses current holdings, market trends and projections and new stock and option trades. Blue Chip carries the methodology of much of our OEX system to stock market and option trading.

Market conditions for the OEX over the past 6 months have been harder to trade than any time since we first began trading the OEX over 12 years ago, because volatility shifts dramatically and volume on the index exchange has lessened dramatically as market maker traders have shifted to other vehicles.

Having both subscriptions is a minor expense for the gain you can receive on just one option.

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The Monday after Mothers Day the Dow has been up 12 of the last 15 years.We will lead again this weekend with our ongoing experiment in Floydian Movies on trading for the week, so be sure to view the movie in the password protected area of the Blue Chip Website. www.bluechipoptions.com

For OEX subscribers we highly recommend you also subscribe to this service for three reasons:

*Our commentary on Monday is much more detailed, discusses current holdings, market trends and projections and new stock and option trades. Blue Chip carries the methodology of much of our OEX system to stock market and option trading.

Market conditions for the OEX over the past 6 months have been harder to trade than any time since we first began trading the OEX over 12 years ago, because volatility shifts dramatically and volume on the index exchange has lessened dramatically as market maker traders have shifted to other vehicles.

Having both subscriptions is a minor expense for the gain you can receive on just one option.

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The Monday after Mothers Day the Dow has been up 12 of the last 15 years.

Overall, the market remains with a bullish overtone, despite correcting in Gold and Silver as we predicted. Silver was the largest correction from 50 to 34. If we see Gold close below 1469 it may have more to correct.

However, we believe most professional investors have moved to equities, and that the retail investors are those still “betting” on I shares GLD and SLV.

In our Blue Chip complete commentary we share what instruments for precious metals we would be investing in, and plan to.

We also see Oil stabilizing by the middle of June near 95, a reasonable price to allow market trading and not crash all markets. Remember, oil is fully manipulated not by supply and demand but by commodity traders.

And a few F.A.Q.s that come up often to help you learn:

1. What makes the traders that “win” with you do so? What traits do they show?

They learn to see that nothing is black or white.

They stop listening to the knowledgeable, or reading the columnists

They follow the system rules 100%

2. What makes the traders that “churn” out of your system leave, especially those on the 30-day free trials?

-The churners are first those that think they will learn everything in 30 days.

-They seldom read or watch the movies available online, and instead just start trading off the daily alert, and lose their ass

-Typically they enter learning with the prejudices of what they have learned or read, and are not ever believers that most facts are false, that the market is manipulated, or that one is actually “poker trading” against another in bid/ask.

3. What does the average full time trader with your OEX system earn annually?

First it’s illegal for me to answer this, much like franchisors can only offer ranges

Second, it depends on the risk to reward ratio the trader has. Conservative traders make less, but longer. Risk oriented traders make larger amounts, with great chances of losing

4. How long does it take to learn to trade options?

One should “virtual paper trade at least 90 days”; typically it takes one year to learn to trade options.

5. What is the single greatest mistake you see new traders make?

They move too fast. Not enough study, the need to trade (instant gratification) and if they do well they move even faster. There’s really two reasons though; the new traders that don’t make it usually take NO time to study our articles, movies or charts

6. You have traded for many years. What is your best quality in trading?

-My best quality is my learned intuition about the market. I listen to almost no one and keep all the noise out of my trading.

-I have a gambler personality and am a high-risk trader. At times I haven’t stopped fast enough when on a good run

7. If you were going to learn just one thing to trade, what would it be?

-Point and Figure Charting

Have a great week trading. If you are subscriber to the Blue Chip (www.bluechipoptions.com) service, this commentary will continue with a movie and more specifics about stocks and option trading for the week.