by Morris Puma

First of all, I’d just like to say hi to all the option traders out there, and then I would like to tell you about some of the exciting things that are going on with the San Jose Options Mentoring Program. Where do I start? Well, let’s begin with this week. This has been a very exciting week for me. San Jose Options just launched the Options Toolkit which can back-test over 4,000 optionable stocks with just a single click of the mouse.

I am very excited about the new software, and to give you an idea of the power of this monster, listen to this. What used to take weeks of research using other options back-trading software, now can be done in the Options Toolkit in just 1.2 seconds!

Just think of the value this software brings to the table. How many hours have you lost in …

Have you or your friends ever attended an options seminar, learned how “simple” it is to make a high income from options trading but yet when you did it for real, you failed to make any money consistently?

Indeed, from my observation in this industry over the past decade, I have noticed that the chances of success for beginner options traders are extremely slim. In options trading, as in everything else in life, only a very small percentage of people make money consistently from options trading. This is true even amongst beginners who attended the same options courses. Yes, even with participants of the same options course, some will actually make some really good profit from options trading while most will not. What went wrong?

I explored the reasons for failure at options trading and narrowed it down to two main reasons; 1. Lack of a proven and systematic approach which novices …

by Mark Deaton

Japanese Candlesticks are the oldest form of technical analysis. It is a system that has been used since the 1700s to trade. In the beginning, it was used to trade and analyze rice trading. Over the centuries it has become used for many other analyses including but not limited to securities, options, and Forex.

Japanese candlestick charts display market sentiment like no other form of charting can. With candlestick charts you have basically 2 moving parts. (If you will.) The real body, can be full or hallow, and the wicks or shadows can be long or short, or gone – either way, together you get a nice picture of price action today, or over a period of time.

The top of the wick / shadow marks your high for the session. The low wick, below the real body marks the sessions low. The …