"Educated options traders become successful options traders."
Mission Statement
Develop a disciplined and cutting edge trader that
with our mentorship and education can continue to stay one step ahead of the marketplace.
We look forward to helping our students learn about all aspects of trading and best practices
for investment strategies. The resultant trader will have learned to manage an option portfolio that
will generate the kind of return they are looking for.
About Us
We have back tested trading strategies for both commodity and equity markets over decades
of data. We have found what strategies work best under certain market conditions and the strategies
that with the correct adjustment rules can weather any market condition. With sustainable trading
strategies in place, we have enjoyed teaching others these valuable skills. The student’s interaction
and recognition of the value of these lessons has encouraged us more than our own self-motivation to
further develop and enhance the trading strategies. Our long term goal is to develop a disciplined
and cutting edge trading community of around 300 mentoring students. Once our goal is achieved, we will
then function only as a community of traders.
The knowledge sharing and enhanced strategic trading power of this community will sustain us on
a successful market vector. The trading programs found at Pit Savvy along with your diligence and
discipline can open the markets for you and our community.
All our programs have Audio/Video Training lessons with printable handbooks and word homework lessons. Each video
also contains popup questions that are emailed to your mentor, so your progress is continuously being
monitored. Your personal mentor will review each lesson and it’s homework with you at your pace. Each session with
your personal mentor will involve WebEx (computer to computer sharing) and phone conversations for
a minimum of one hour or until the mentor feels you fully understand the material for each lesson.
Unlimited emails and shorter unscheduled conversation can take place with your mentor. We are very flexible
and can work around your schedule. If you would prefer to meet on Saturdays or evenings, we are open to non business hours as well.
The program contains recorded lesson and developed strategy documentation, lesson plans and corresponding
exams for each lesson. He has found educating individuals on basic and advanced option trading strategies enjoyable and looks
forward to seeing the resultant trader generate the kind of returns they are looking for.
Life at OTM & Pit Savvy
Daily routines are check positions and account statements by 7:30 a.m.
If there is a news event, have this task completed by 7:00 a.m. The
trading platforms are up and running by 7:00 a.m. Look over any
breaking news and the trading plan that was written last night.
I generally like to day trade the opening for a few markets. Once the market seems
to slow down, my alerts and alarms are set. I generally respond to the markets
during their first hour of the day and then only as necessary.
Hopefully, by 10:30 CST our trading strategies are in place and
we await any alarms from our computers that require our attention.
During this time and until the markets close I hope to talk to mentoring
students. I stood in a pit with over 200 people every day. Now I’m staring
at a lifeless screen and I’m missing the camaraderie and
interaction the pit once provided.
After the market has closed, settle out all positions and prepare daily
settlements for tomorrow morning. Finish the day by studying the price charts,
volatility charts and set any alarms for overnight markets. I then prepare a
trading plan for tomorrow.