Preparing for the Week

Pre-Market Items to Address

By Bryan Bottarelli
Tuesday, February 21, 2006 9:32 AM EST
Tue, 21 Feb 2006 14:32:00 GMT

Dear Bottarelli Research Member,

As we get set to kick off another trading week, I’d like to quickly address some items that various Charter Members wrote to me over the long weekend.

As you know, we ended last week on a high note — going 4 for 4 with gains of 23.91%, 16.39%, 11.11%, and 57.14%. I asked to you critique the trading system thus far, and most of the responses have been more than positive.

  • Charter Member RK writes, “Congrats on an excellent system. For my style of trading it is exactly what I have always been looking for and by the way your picks are going it’s going to be an extremely successful year for me.”
  • Charter Member Lance B. writes, “The new service is smokin’, Bryan. I love it”
  • Charter Member Mark B. writes, “Holy sh*t man… you’re rockin ’em”

In addition to the positive testimonials, there were a few members who expressed concern about the “timing” of the positions. In other words, they felt like the trades moved too fast — and at this rate — they would never be able to get in and out of plays successfully. I’d like to address that concern right at here at the top of the week.

To be perfectly honest, I don’t want you to get scared off by last week’s trades, because in all honesty, they moved a lot faster than normal. If you look at the January 2006 track record, for example, you’ll notice that the average holding time per position is about 6-7 calendar days. On the other hand, the average holding time in February has been 2-3 days.

As you can see, February trades have moved a lot quicker than January trades — which is something that’s decided solely by the markets. Please don’t think that ALL BottarelliResearch trades move as quickly as the ones we played last week — because that’s simply not the case. We got positioned in a set of trades that moved quite fast right off the bat — it’s as simple as that.

As we move forward, you’ll notice that some trades have longer holding times and some trades have shorter holding times. Its’ all part of the never-ending game of options trading! So please, don’t get concerned about the fast-trading. If these trades moved too fast for you, don’t worry! There will be plenty of other trades that move at a more reasonable pace that you can handsomely profit from.

And with that, the markets are set to open. So it’s time to get ready for another profitable week of trading. We’ll be in touch.

Lock and load!

Sincerely,

Bryan Bottarelli

Bryan Bottarelli
Editor, Bottarelli Research

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