Good morning. Day and swing trading penny stocks is my favorite strategy. Next is selling, NOT buying, options, here's why.
On Tuesday January 3, 2023 I started a $2,000 'Journey' using my popular Wall St. Bookie options selling strategy.
In a nutshell I allocated the full $2,000 into trade one and what is left, I roll into trade 2 and so on. There's a good reason for this, so keep reading.
The first trade is in the books +52% +$492.
Journey balance $2,492 for trade 2.
My first trade was 14 contracts of AAPL -$135 / +$133 bull puts for $.68. A bull put is when you SELL puts to someone buying them. Have you ever had the options you bought expire worthless on a Friday? The seller made money.
Text (RagingBull APP) to subscribers:
As you can see I opened the trade on 1/4/23 at $.68 and closed it today on 1/6/23 at $.34.
14 contracts X 100 shares per contract = 1400 1400 X $.68 (my entry) = $952 potential profit
$952 is how much I could have made on this trade.
14 contracts X 100 shares per contract = 1400 1400 X $1.32 (my risk) = $1,848
$1,848 is how much I could have lost on this trade.
So I was using $1,848 to try and make $952.
What's important to note is at the onset of this trade my probability of winning the trade was much higher than the buyer of those puts. See the buyer of those puts can make unlimited gains if AAPL crashes and as you can sell, the seller (me) was capped at $952. So why would anyone sell? Because the seller gets high probability in exchange for limited upside.
And it's that high probability of winning that helped me go 47 out of 50 recently.
Which got me thinking.
Because this strategy can sometimes have a high probability of winning, what if I took $2,000 and kept investing those proceeds, rolling the full amount into each subsequent trade, better or worse?
Text (RagingBull APP) to subscribers:
Sunday night I plan to issue my next trade plan. Then come Monday, my plan is that I'll alert subscribers via text (RB APP) and email before I enter the trade just like I did with AAPL above. Same when I exit, you get alerted before I close the trade. For my subscribers, of course.
I'm not sure how this will end. Trading is risky and nothing is promised. But I'm obviously hopeful and optimistic it'll go well. But the reality is it could go bust too. I picked $2,000 because it's a number I can live with if it goes bust. However, if I'm able to put another big win streak together like my recent 47 out of 50, I'm honestly curious to see what happens to that $2,000. I'm not afraid of losses because I think those lessons I learn and share are as important as the wins
I'll keep you posted daily on how it's going, good or bad.
But if you'd like all the education and alerts before I enter and exit, so you too can see these trades and learn in real-time, I'm doing ongoing training each weekend and every other Tuesday. In fact, Saturday at noon 12P ET is the next training session. But it's only for 'Journey' subscribers.
Members go here for the noon training today.
If you'd like to understand the mechanics behind selling options and my $2,000 Journey, it's included in a regular Wall St. Bookie membership, which I co-manage with my trading mentor Jeff Bishop.
If this sounds like something that really interests you, I get it, it really interests me too.
Click here to join Bookie and learn from my $2,000 Journey
Then click here to join today's training. 
Jason Bond
 Text "RAGE" to 1-888-404-5747 to get exclusive trade alerts & offers | 
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