Retail traders simply can’t make money on a consistent basis …. Many skeptics…
TradingProof.com was developed to dispel a lot of common myths about option trading. Many say that the average retail trader simply cannot profit in today’s markets. Respectfully, we strongly disagree! Week in and week out, we trade Weekly Options quite successfully at the retail level. We are not floor traders nor investment advisors and we are not licensed brokers so we have no more of a market “edge” than anyone else.
Like many other websites, you will find a results page filled with our trades. There will be winners and losers, percentage gains and losses. However, unlike ANY other site out there, we actually provide our trading statements to anyone who wishes to see them. You can see firsthand that our trades were actually executed!
Our strategy is simple. We rely on sound statistical probabilities more so than technical analysis. While we’re not against technical analysis, we seldom use it since our principles and probabilities tend to work to our advantage. We also do not over leverage our account or try to “kill-it” every trade. While we enjoy an occasional grand-slam, we more often make our money hitting singles and doubles – And we see success most every week!
Our blog is completely FREE. Sign up for a free account and browse every trade we make. We currently do not teach our trading methodology, nor do we offer trading advice. We’re simply offering you the opportunity to see how we make our money.
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I decided to create this website knowing firsthand the struggles most retail traders go through during the initial learning process. I also know many new traders have exhausted their accounts early on and never get the chance to try again. So, my vision for this website is not to prove the skeptics wrong. It’s to empower you, the retail trader, to educate yourself on trading options with a primary focus on weeklys. It’s because I lived through the struggles that I now know the endless possibilities because I’ve lived those too!
My hopes are that when you read through my site and see my personal trades and trading statements, you will not allow skepticism to enter your mind when it comes to trading. I want you to believe in yourself and your ability to be a successful trader!
I did not foresee the creation of this site. However, over the years I’ve stayed busy teaching people the fundamentals of day trading the Emini Markets. Some of these conversations led to the discussion of my option trades which, in turn, led to many requests for such a site. As a result, TradingProof.com was born.
At this point, you may be asking yourself “Who is this guy? What makes him an expert?” Well, my name is David Marsh. Some of you may already know of me through my original site: www.EminiTradingStrategies.com.
I started trading options back in the early 1990’s. In those days, the internet was still pretty new to the trading world. I was introduced to options around 1993 when I attended my first class in Chicago, IL, and a second in Dallas, TX. Knowing absolutely nothing about options, learning options in a classroom environment was incredibly tough. So much so, that I walked out after class frustrated and confused. Today, everything I learned back then for a hefty fee can be learned simply and at no cost thanks to the internet.
Over the next several years I traded options with limited success. I had some good trades and I had some bad trades. Overall though, I was losing money. For the most part, I abandoned options trading in the late 90’s and focused more on day trading. I became very successful day trading equities, and eventually the ES, S&P Emini Futures.
Weekly Options eventually became available in 2005. I, like many traders, didn’t even know about weeklys back then. But hey, what did I care? I was primarily trading the ES anyway. Around that time, I started building up my long term retirement fund using mainly stocks and mutual funds. I had a close friend manage most of that for me while I stuck with what I knew: day trading.
Then, in 2010, I started trading weekly options on the RUT and SPX. Like most people do when they start trading options, I traded vertical spreads and iron condors. That was working great until I lost my A$$ on a huge iron condor trade. That was a tough lesson learned! It was about 2011 that I then began trading butterfly spreads and diagonal spreads. That, in turn, is what eventually led me to the weekly options success I enjoy now.
I have been using my current strategy, the same strategy I use on this blog, for over 18 months with great results. Some of you may think that doesn’t seem like a lot of time. However, keep in mind weeklys are still relatively new, and trades are taken each week as opposed to once a month thus offering more opportunity to initiate trades. My strategy is to build my retirement money with Weekly options and take those profits and reinvest in long term dividend paying stocks.