11-Day Trader

Overall Rating

Rating: 3.0/5. From 2 votes.
Please wait...
2.9
Rating from 8 votes
If you’ve subscribed to 11-Day Trader, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.

Investment Performance

Rating from 2 votes
Rating: 3.0/5. From 2 votes.
Please wait...
Your vote
  • 5 Stars 0 Votes
  • 4 Stars 0 Votes
  • 3 Stars 2 Votes
  • 2 Stars 0 Votes
  • 1 Stars 0 Votes

Quality Of Writing/Analysis

Rating from 2 votes
Rating: 3.0/5. From 2 votes.
Please wait...
Your vote
  • 5 Stars 0 Votes
  • 4 Stars 0 Votes
  • 3 Stars 2 Votes
  • 2 Stars 0 Votes
  • 1 Stars 0 Votes

Value For Price

Rating from 2 votes
Rating: 2.5/5. From 2 votes.
Please wait...
Your vote
  • 5 Stars 0 Votes
  • 4 Stars 0 Votes
  • 3 Stars 1 Votes
  • 2 Stars 1 Votes
  • 1 Stars 0 Votes

Customer Service

Rating from 2 votes
Rating: 3.0/5. From 2 votes.
Please wait...
Your vote
  • 5 Stars 0 Votes
  • 4 Stars 1 Votes
  • 3 Stars 0 Votes
  • 2 Stars 1 Votes
  • 1 Stars 0 Votes
guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 Comments
Inline Feedbacks
View all comments
Mark Lawson
Guest
Mark Lawson
January 27, 2021 11:02 am

This is an appraisal of the ’11 Day Trader’ Options trading service provided by Serge Berger via Investors Alley.

I joined 11 Day Trader at is inception around April 2020 and made notes of each trade. The service offers 1 or 2 trades per week, a weekly market appraisal and a monthly Webinar incorporating a questions and answers session.
Trades are advised via SMS and email, and can occur at any time, especially for closing trades.
Costs are $197 per month or $800 per year, or were when I joined, I haven’t checked recently.

A typical trade comprises selling Put option spreads for bullish trades and Call option spreads for bearish. These Vertical Spreads offer a defined maximum loss at the expense of potential profit.
A distinct feature of the service is that the Option Strike prices for the spread are a long way from the current stock price and the Option Expiry date is 2 to 4 months into the future in an effort to minimize volatility.
The trades are always exited weeks before expiry eliminating the possibility of early or automatic assignment. The average trade length is apparently 11 days, hence the name.
Roll-overs and more complex trades such as Iron Condors are largely avoided, I believe this only occurred on one trade in 2020.

Only Securities with high liquidity are selected to avoid large bid/offer price spreads and problems with trade entry and exits. They are chosen using a mixture of techniques including Technical and Fundamental analysis, but no specific rules are given. A broad outline is sometimes forthcoming when making a trade or during a weekly market roundup session.

Moving onto performance, the theoretical results utilizing 5 contracts at each trade from the end of April to the end of December 2020
would have yielded an accumulated profit of $1745 with a maximum drawdown in one month of $680 occuring in June.

However, this profit does not include trading costs and the price figures in the trades are the buy/sell figures given by the service. Real life buy/sell figures differ from these theoretical figures due to time lag and other factors. For example if an equity price is falling, that will often be a trigger to close the position, but by the time the ‘close’ signal is sent, received and actioned the equity price can have changed considerably. In fact, earlier today I received a ‘buy back to close’ instruction of the March 19th MU call option for $0.50 but I ended up paying $0.61. So over 5 contracts my profit was $113 instead of a theoretical $175.

Trading costs vary widely depending on the supplier; in the UK, the number of available suppliers is very limited; using Tradestation each trade costs me $5 plus $1 for each contract on both the entry and exit trades. I tend to trade 5 contracts at a time, so the costs are $10 for the entry and $10 for the exit trade which reduces the April to the end of December figures to a $1065 profit and maximum drawdown of $760.

Tables of the Monthly results and the full data set of trades can be viewed here:
https://docs.google.com/spreadsheets/d/1ge7bqYz46eYx8MayQXW_44jql2ZGAcALd81Fwwfmm2M/edit?usp=sharing

I will endevour to keep these up to date until April 2021 so there is a full year of results.

On a historical note, using a similar trading method started early in 2019 I made about $7000 on $15000 capital, but had lost all my gains by March 2020, of course this is when the effects of the pandemic first started.

I hope this is of benefit to someone looking at Option Trading, if anyone is interested look back and the table link to get a full year of results.

Add a Topic
570
Add a Topic
11616
Add a Topic
4375

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info