[Tams]

Originally Posted by JPx2 »

Actually, when I started trading in this manner, I was simply looking for a way to make my plays first thing in the morning, or late in the evening and never mess with those again.

I just happened upon a free copy of his seminar at earningstrader.com. After listing to the seminar, I immediately realized exactly what he was doing...and I tried it on my own and darn if it wasn't exactly what I was looking for.

I never bought his service or his seminar as a partial seminar was made available to me.

This method of trading fit my needs, my character, and my life style....no more, no less.

If there are for instance 5 firms to report earnings on April 22, 2009, I simply do an analyst review of recommendations of buy/hold/sell. I choose the one with the highest buy or sell, make the trade, and set an automatic transaction to get out of the trade no closer than 10 days before the actual release of earnings.....if you wait too long, the options will go haywire.

It's a quick and easy way to make a buck. If you just want a 25% return, the set your exit as such and move on.

I would like to see someone actually papertrade this method on TL...the proof is in the pudding so to speak.
Very Best Regards,
JPx2

That's pretty standard textbook bait and switch technique. LOL
I knew it's coming since post#1.

ROTFLMAO

[JPx2]

What ???

Too many critics and experts on this site...no more posts from me! Some people wouldn't recognize sincere help if it bit their nose off....

[brownsfan019]

JP - so what I still don't understand is WHEN you look to enter the trade. You said you get out before the earnings are released, which is easy enough to know, but when do you start hunting for your candidates?

For example, today is April 7th. If one were to follow your plan tonight after they are done trading, home from work, etc. what are good candidates for trades to be placed Wed, April 8th?

I'm just not following how far out in advance to be looking. If you can show some trade examples for Wed, then we can see easily what earnings date(s) to be looking at in comparison to today's date.

[JPx2]

I always look one month ahead.
I'll see if I can relocate that short seminar and pass it on.
One of my latest trades was AT&T (T: NYSE) I bought the Apr 26 Call.
It took a shot down today but analyst are reported earnings as expected.
I'll be out of it next week.

[Swyper]

"No PROBLEM MAN",SWYPER here from Jamaica,
JPX2 i know you mean well,remember other people have their own opinion about things, do not let it BUG you.
I trade FOREX any tip for a newbie

[JPx2]

My wife is NOW making some money with that FAPTurbo system.
She's running it on Metatrader-4 through Forex.com

...I still hate it.....but it's her money so who am I to say.....Forex is just too high in their spreads for me.

[bakrob99]

Originally Posted by JPx2 »

...I no longer have ANY TA software, charting software, etc...on my computer because it's all BS. Just check your actual earnings against the time you spent on the software and see how much you have really paid yourself..........

Why oh why, just because you have been unable to put together a winning strategy with the discipline to trade it, do you then leap to the conclusion that no one can? Please explain that bit of (il)logic to me.

[brownsfan019]

Originally Posted by JPx2 »

I always look one month ahead.
I'll see if I can relocate that short seminar and pass it on.
One of my latest trades was AT&T (T: NYSE) I bought the Apr 26 Call.
It took a shot down today but analyst are reported earnings as expected.
I'll be out of it next week.

Got it - one month out, find the highest buy/sell recommendations via briefing.com and then buy the at the money put or call. Easy enough to follow, would be interesting to watch someone trade it in real-time.

What do you think about using yahoo's free service and using the EPS estimates? Would it vary much from briefing's service?

In case anyone is interested, I haven't traded options in a long time but find it refreshing to see a discussion on options since most here trade futures.