Trading Pro System Intro

A lot of you know that I started my successful option trading career (yes, it’s my main source of income) with Covered Calls. Much of that success is because of John Brasher, his book and his Covered Call service called CallWriter (now out of business). Knowing that Covered Calls are essentially a bullish strategy, I looked for education on other option income strategies that would be useful under all market conditions.

For over a year I tried out 5 courses and services. My intent here is not to evaluate all of them, just to simply tell you about the one course that I took that gave me the most useful information and techniques with the least amount of investment. It was through this course that I learned about Iron Condors and Double Calendars and how to manage a portfolio and not just individual spreads.

This is a personal endorsement. You, my readers, know that I don’t do this without good reason. So here goes…

The Guru’s Favorite

The name of the course is Trading Pro System, but before you click on the link let me tell you a bit more about it from my perspective – why I think it’s worth much more than what they are charging for it. How much? $197? Really? You get the complete course – no up-sell or subscriptions – it’s all ready for instant downloading to your PC to watch at your leisure.

There are about 100 videos so it may take some time, but you can download the first two (start with MOD00) and watch them while you download the rest in the background. By the way, that $1.97 per video!

Trading Pro System (formerly known as Trading as a Business (I like that name better)) has been around for at least three years and maybe more – I signed up to Trading as a Business (again, same course content, just a different name) in October of 2009. These videos not only demonstrate in great detail the art of selecting and managing Calendar Spreads, Credit Spreads, Iron Condors and other option strategies, but also how to monitor, adjust and when to close them. Let me just say a bit more about adjustments: I attribute my recent success based on what this course taught me about adjusting and how, at times, it can be more profitable than the opening trade.

The bonus videos offer even more: The Greeks, using TOS, Gamma Scalping, Theta Scalping, Day Trading, Protective Puts, How to Tell When Money is Moving In/Out of the Market, and 56 videos of daily market assessments and commentary on open trades and portfolio management. Truthfully (and sadly), I have not even watched all of the videos yet!

David Vallieres

The course was developed, authored and presented by David Vallieres. He is not a former insider or market maker, but a retail trader like you and I, so he knows how to talk at our level and knows how difficult it is for retail traders to be successful. He is also an educator, which is why his videos and delivery are so captivating (at least to me) and professional. He has been trading since 1985 and has – like me – given many dollars to the market before he learned how to trade correctly. His primary philosophy is to keep it simple and not get caught up in analysis paralysis.

David’s Bio

I started trading in 1964. I was 14 years old. I also started my first business at 14 btw. I heard a story about a company that was making “the pill”. The company’s name was Syntex. I asked my father to help me buy some shares because I knew this would be a winner. My father took me to the only brokerage in town. I remember walking into a large room with lots of rows of chairs and an electronic ticker with stock symbols and share prices on the wall where all the chairs were facing. It was my first stock transaction. I bought 10 shares.

Since then I have studied the market diligently. I developed my own indicator from thousands of hours of study in 1994. I was trading options up and after the 1987 crash. I was able then (not now) to convert the options prices quoted in fractions to decimals 1/8=.125, 1/4=.250, 3/8=.375, etc… when communicating with my Kidder Peabody broker in New York. His name was Ned (an old timer). I remember one time I was long a bunch of puts, the market was down 60 points (a huge move back then) and Ned called me to ask what I wanted to do. He said he never calls his customers but I had a $32,000 profit so he called. I said “wait”. I called him back 3 minutes later and told him to sell. I lost $8,000 of profit in that 3 minutes, but I still made $24,000 on that trade – at the time I was making $12,000 a year in my job! I was hooked again.

Anyway some people questioned my background in trading because I am an Internet Marketer – before becoming a marketer I was Deputy Commission of Urban and Economic Development for my city. But neither of these qualify me in anyway to teach anything about trading. You are right to question everything. But the truth is I am a trader – always have been. But unlike many here I trade everything: I trade options, stocks, futures, commodities, rare books, diamonds and …information. I understand markets, how they behave, and how to profit from them. The Internet is a very profitable “market” and that’s why I am “in” that market.

I developed the course to help others see the profitable strategy that I saw in the stock and option market. But before I created the course I was mentored by a CBOE floor trader with 30 years experience. I had the money and I sought the best, most experienced and profitable professional I could find. It took me two years to find him but it was worth it. What I learned + my own experience is in this course. Good luck everyone and happy trading.

So, look over the Trading Pro System web page and make your decision. There’s a 60 day money back guarantee so how can you really go wrong?

As David says, “trade with confidence”; and as always, if you have any questions, please feel free to ask.

Happy Trading

◄ Jeff ►