Return of the Option Addict

After a multi-year sabbatical, I’ve decided to reemerge to the blogosphere. Thank you to the good folks at iBC for the opportunity and the little tab on the site with my name on it. It’s been a long time coming.

Let me take the opportunity to introduce myself and give you a little bit of my background and trading style.

I’m one of those who got started in trading in the late 90’s. At the age of 19, I took what little I had and turned it into a small fortune trading options. I started working on the options trading desk at Morgan Stanley with the intent to use them to learn the market as best I could. After a few years as a broker I quit to trade full time. I had a hard time adjusting to becoming a fixture in my house and decided to take a job that would allow me to trade full time simultaneously. I took a job at Investools as a trading room instructor, which later became thinkorswim, which later became TD Ameritrade.  I traveled the country, taught seminars, trading rooms, and finally became content manager as well. I had sick game back then.

I started blogging in 2005. I got the moniker “Option Addict” through my trading style and edgy writing style. My vision was to teach, post my trades, and make fun of those that lost money in easy market conditions. Truth be told, that was when trading was the most fulfilling. I loved it, and loved the presence I had in the blogosphere. I had a big platform and an audience through my blog and through Investools, and in the summer of 2007 I used that platform to warn those that would listen of upcoming death and destruction in the financial markets. I told my readers to buy gold, go to cash, short the banks and the sub-prime mortgage lenders.

In 2008 I had some important decisions to make as I decided to launch an advisory/premium service. I knew the trading landscape was getting ready to change and financial blogging was becoming saturated with retards. The timing of my launch in 2008 made it impossible to juggle both premium services and blogging. It was at that time I made the difficult decision to shut down OptionAddict, which at the time was a fourth child of mine. A decision I’ve come to regret a little.

I still manage www.tradingaddicts.com, which is my advisory/premium service, but I have been itching to do something more creative, fun and fulfilling. I’ve been a long time reader of iBC, and have a lot of respect for the voices spoken here. I’m happy to be joining the ranks.

As for my trading style, I trade options. I am more aggressive than most and that is because my specialty is in stock picking and timing. I am the guy that likes to take advantage of the low volatility environment and leverage big price swings with a long option strategy. I also trade a lot of cheap shitty stocks, so be warned. I’m sitting in trades like GRPN, RSH, FNMA and NBG. Not exactly fundamental superstars…but I have a knack for knowing when they are ready to move.

Through my writings, you’ll learn a lot about options, market timing, how to pick winners and how to manage risk. I am a technical based trader and have a few different methods I’ll teach over the short term.

Thanks again to the team here at iBC, and to Fly. Let’s bank coin.

OA

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