We have compiled the most asked questions and trading topics from our members and created this FAQ section.
Have a question you don’t see here? Click on Contact Us and we’ll make sure to get you the right answer.
Unable To Receive Notification On Mobile and Tablets
Setting Your Notifications In Your Mobile Apps and Tablets
- Go to Settings > Notifications and scroll through the list to locate the app.
- Once located, you’ll see the types of notifications that are currently enabled listed below the name.
- Click on the app to view its notification settings.
- Make sure Allow Notifications and Show on Lock Screen are enabled, as well as any other notification types you’d like.
When Are The Trading Alerts Sent Out?
The Trading Alerts will be sent out before the US markets opens. Please check the site for the latest articles.
How Much Money Should I Start With?
It is typical for a trade to be $50 to $150 per contract.
Taking in consideration of 4 contracts per month.
$3,000 to $4,000 will be a good amount to start with.
The example below is showing $52 per contract.
What Positions Are You Currently In?
You can get them in my Portfolio section where I have all the open and closed positions.
Click here to see My Current Portfolio
What Is The Use Of The Strength Bar?
The Strength Bar is used to highlight the magnitude and confidence of the Big Money. The higher the Strength, the better the potential of the trade.
This includes the amount of placement, the duration, the industry, the potential movement, the historical price action, the future activities.
What Profit Target Should I Set For The Trade?
By Rule Of My Thumb, it will be 100 % intervals for option price of $0.50 or less. And 50% intervals for options price of more than $0.50.
Example 1: If the entry price is $0.30, the exit price will be $0.60, $0.90 and $1.20.
Example 2: If the entry price is $1.20, the exit price will be $1.80, $2.40 and $3.00.
How Often Do Will There Be A Trade?
For a typical month with 20 trading days, there will be an average of 9 trades. It can range to 12-15 trades on certain months. Similarly, lesser trades may occur in months with less Big Money activities. There should not be less than 6 trades per month.
How Would I Know If There Is a New Trade or Article?
Any new article will be sent out via mobile app notifications.
For iPhone/iPads, please search for “My Smart Money”
For Andriod Phones, please search for “Smart Money”
Do also check the site for the latest posts before market opens.
How Many Trades Do I Enter Per Week?
For the start, it will be good to keep to 1 per week and a maximum of 4 per month. You can be more selective and look out for those with higher strength to trade into.
How Much Cash Should I Keep In Reserve?
By Rule Of My Thumb, it will be great if you keep at least 1/4 of the account size in cash and not touching it.
No Stop Loss Is Specified In Your Trades?
This is important to realize that in options, you are already using a small amount of money to buy into a contract that controls 100 shares of the securities. The amount that you are placing in is the amount that you are prepared to lose. It is already a stop loss in place. There is no need for another stop loss on top of it.
For Example: Buying 100 shares of a stock with price of $45. 100 shares will be $4,500. Lets say that the trader place the stop loss for these shares at $42. This means the trader is willing to take the hit of $300 and retain the capital of $4,200.
Do note that the trader is prepared for $300 loss.
We can also the same $300 to buy into 1 option contract of the same stock. Thus there is no need for an extra stop loss on this $300. (To be factual, there may not need to use $300 for that 1 contract, it may even be much lower such as $150 for an options contract)
Can I Lose More Than What I Have Placed In?
The trades that are published are mainly debit trades. This means that you pay for the trade immediately when you enter. That will be the maximum amount that you can lose. There is no way that you can lose more than what you have paid for in debit trades.