From $16K to $205K in 2 Months Time
Using various techniques taught by my coach such as candlestick charts, indicators, and stock screeners my portfolio value was $16,400 and in 2 months time value was $205,925.
I would buy calls 2-3 strike prices out-of-the-money and hold till they were close to in-the-money and sell. Then just do it all over again. This has tremendous potential to build wealth.
Jim W.
Lancaster, OH
$78K Profit in 51 Trades
I've done 58 trades this year....51 are plus money $78,000 and my 7 minuses were around $11,000. I've been on a roll for the past 2 1/2 months...I've had 31 trades in a row that were on the plus side. I have 7 trades I have bought this week but haven't sold them yet. So I'm getting better each day.
Charlie H.
Jupiter, FL
Prosper Learning Makes a Difference: Stock Student Gains 851%
You told me to keep in touch so I hope you do not mind me sharing more success with options!!! I think I am still shaking...I am not joking. It's almost scary. I do not have a crystal ball, but when you are right, the rewards are sweet. I am so blown away. My two successes have to do with General Motors and Exxon Mobil. I had these contracts a while ago so it seemed like they were just going to expire worthless. Yet I had gauged the market correctly a while ago and just had to be patient. GM stock plummeted and when I finally closed the contract it represented a growth of 63.2%.
I have you know I got out before the stock dropped 31%. I was more patient with XOM (Exxon Mobil). Crude oil has been dropping. Exxon Mobil dropped dramatically with the -670 drop in the DJIA. Today the stock fell further and when I closed the contract it represented a growth of (are you sitting down???), 851%!!!!
I looked at my Options Xpress account balance and nearly fell off my chair. Are you kidding?? When I saw the contract on Exxon Mobil, I could see why. I got out...do not want to be too greedy. Take your profits when you so fortunate and get out.
I do not share this to brag. I may be slightly more advanced that the average investor but by no means, an experienced expert. Again, I credit my success to my mentors.
Let stories like this serve as a reminder to you that what you are doing and the time you devote to Prosper Learning makes a difference. I have my own company and am having some success in the market at a time when much of the country is in economic crisis.
Michael J.
Los Angeles, CA
This Program is Beyond Expectation: Student Makes a $61K Profit
I've had the privilege of being the student of Prosper for the past three months in the investing program at Prosper Learning. It's very out of character for me to share my personal success with others, but I find it important if other students are on the fence regarding this program.
This program is beyond expectation. I asked my if I could post this success story regarding two trades I made in my retirement account over the past two and a half weeks. But I must update even that because I just had another great trade. Two weeks ago I did a straddle trade on John Deere (DE) profits in less than 3 hours were a little over $20,000. Then the following week right before I had my conference call with my coach I closed out of the same trade bringing in about $24,000. This trade I was in for about two days. And today as I was about to write this e-mail; I had a PUT in place on Walgreens I closed out of the position at 8:40 am, 10 minutes after the market opened with $17,000. WOW!! I could do this for a real job!!!! Cautiously optimistic and very thankful your student
John K.
Wausau, WI
$16K Profit in Two Days
I had been trading just equities on a small scale with very average success. It was a matter of buying a stock and waiting for it to go up. I knew that I would need to learn more if I was to progress beyond that. I came upon the Prosper Learning website and spoke to their consultants. The program was quite expensive, but now I believe it was money well spent.
The personal coaching of Josh Willis is so inspiring and informative. As well as gaining knowledge of the market overall, I learnt a number of different strategies. Whilst I would not use all of the strategies at this stage of my development, it is good to know they are there for later consideration.
I understand and utilize the normal call option buys. (I can’t yet bring myself to look for stocks going down in order to buy puts!) I particularly like covered calls because of the known risk and return, with the option to buy ‘insurance’. I have had a couple of good results, the best being SVNT (Savient Pharmaceuticals), where I bought the stock at $12.60, it is now trading at $14.32, and I sold the calls at $3.40. In this instance I chose not to use the protective put. With three weeks to go, this trade is currently showing a profit of $5,120 on an investment of $12,600. This is a static return of 27% and, if exercised at current price, a return of 41%.
Another strategy learned recently was a Strangle with contingent trades. I used this on the S&P100 index and made $16,100 profit in two days on an investment of $18,900 – albeit on a paper trade. I particularly like this strategy as it is almost like betting on both horses in a two-horse race!
I have just commenced live trading with a couple of small successes. I will continue to practice with paper trades and put the lessons learnt into live trades.
Murray D.
Manoora, Queensland, Australia
Stock Student Balance Increases Over 314%
I was watching the news last night and it was reported that Microsoft had bought a share in ‘Facebook’ and that it was expected that their 3rd Qtr results would probably be better than forecast.
This morning I looked at what the stock was doing and it was looking like the price was going to go up on the opening bell, so I logged into my Options Express paper trade account and put in a virtual order at market conditions for 120 Microsoft options Dec $35, which were last traded at $0.37, and an order for 50 options for Jan $35 which were priced at $0.47. Total Profit - $22,359.50
I started it off with $12,000 on the 1st October and now have a balance of $37,744.21 (That’s an increase of just over 314%).
Owen S.
Pembroke Dock, Pembrokeshire, United Kingdom
I Made $10K--The First $5K in the First Week
I made $10,000 in october, the first $5000 during the first week, making something like $4800 of it on that aapl bull call spread you helped me with in our last session... I was thrilled....
Judith B.
Elkins, AR
I average around $800-$2000 daily
I really enjoyed the training. I had been trading about one year before I took your training. I made mistakes as most new investors make without training. Each week, I learned new ways to trade and you answered questions that I needed more clarification on. My system has been working where I buy 3 ultra-short etf's when I expect the market going down( SKF,QID,SRS). I buy 100 shares each in the 3 etf's. I buy 3 company stocks of 100 shares each when I expect the market to bounce up. If I gain anywhere from$1 to $5000, I am happy. I average around $800-$2000 daily with this method. I lose sometimes, but I keep my losses to a minimum. I continue to study options, covered calls, and vertical spreads, and I will use them as I get more comfortable. I was glad to hear about the graduate, calls and being able to stay in contact with you. I look forward to studying everything I can about the stock market, and I will continue to make money. Your expertise in stock trading and the encouragement you gave me have made me a more confident trader. John S. Palmetto, GA
Up $20K in One Month
PXD purchased on 4/3 and sold today 4/15; I only bought 5 contracts (call), but made 101% return. I bought for $1164.95 and sold it for $2335.03, so I profited $1170.08. So far I am up $5108.28 for the month....and I still have another 15 days to go!! Also my AGU call is up 59% right now...and stock chart indicators still look to be continuing in a upward trend...and I'm so hoping I am reading them correctly!!
SUCCESS UPDATE
Well I couldn't stand it any longer and sold my AGU when it was up a little over $6.00 and it got up to it being up about $8.00 a share today...so I sold it a little early but I still had 130% gain on the stock.
* Bought on 4/9: $3264.95
* Sold on 4/16: $7485.00
* Total return: $4220.05....or 130%
Total for the month so far in 16 days: $9358.28. Other stocks I am holding are currently up $6100.00....BHP up over 50% return. This means I almost have my training paid off before it comes due in Aug!!
SUCCESS UPDATE
I thought I would update you with another stock selling today. I purchased 10 contracts of PXD call on 4/16 for $4.60 and placed my trailing stop at down .3 and it sold as it started to come down a little at $5.90....profit of $1,269.96 in just a few days.
I am up a total of $20,062 for the month of April....so 22 days in for the month and my other stocks I'm holding are doing good and are up about another $3K. It's looking to be a very PROSPERous April!!!
I can't say THANK YOU enough!! You are truly one of my hero's for giving me the confidence to do this and above all believing in myself !
Joyce C.
Anchorage, AK
I Made $8,000 in One Single Week
I just want to say thanks to Prosper and especially to my coach. I started my stock coaching course and since then I had a great learning experience.
My coach helped me fully understand…when to buy or sell a stock and how to play on this market, I just did my first live trade and I made $8,000 in one single week…
I’m very happy on the results I'm getting in just five months.
Jose H.
Mira Loma, CA
I Am Beggining to Allow Myself to Achieve My Dreams
I have taken two other courses designed to teach me how to trade stock and/or buy options. I am a diligent student, yet despite my best efforts, I have lost lots of money or been paralyzed with fear of trying again. Josh has changed all that. I cannot believe the paper trading success I'm having because of him. He is without a doubt the best teacher I have had. He has inspired me, encouraged me, thus my confidence is slowly increasing. Its almost too good to be true! I am beginning to allow myself the possibility of achieving my dreams.
Susan C.
Hayward, CA
Thank You So Much from a Future Life Long Trader
Thanks to the great teachings of Dr. Cooper and the excellent coaching of Mr. Joshua Willis gave me the confidence to make my first trade last week. I bought a call option on Google, 3 contracts valued at $10,484.95. Sold the option contracts 2 days later for $13,394.84. I profited $2,909.89.
Later that week I jumped on the earnings bandwagon for Radio Shack and profited $369.98. Thank you so much from a future LIFE LONG TRADER.
Todd H.
St. Marys, OH
Thank You From the Bottom of My Heart
After my wife and I were both locked out of work during the 5 month long grocery strike here in Southern California, we knew we had to do something to supplement, if not replace, our income going forward. In our search for an avenue to do this we found Prosper. I am so grateful! My coach in the stocks and options department at Prosper showed me how to use strategies to not only make money, but minimize my risk at the same time. Having a one-on-one coach helped me to cut my learning curve by leaps and bounds.
Although I still work in the grocery store, I have already more than replaced my monthly income. More importantly, I now know I have the ability to take my dreams to the next level and take my life in any direction I choose. Thank you from the bottom of my heart! By the way, I know Prosper has a lot more avenues available and I am looking forward to expanding my education and my own ability to prosper. Thanks again,
Richard T.
Diamond Bar, CA
$7500 Profit in Less Than 24 Hours
I have to gloat. AAPL has been good to me. I funded my OptionsXpress account this month. When the funds became available for trading, I began trading in AAPL $85 call options as shown on the attached. I made several smaller trades - each time for a profit. This week, I had sold all but 5 contracts. I liked the priced and bought a total of 45 more contracts, even though it was inside the 60 day expiration window. Then AAPL started ramping up the next day (yesterday). I eventually sold all 50 contracts for about $7500 in profit in less than 24 hours. I'm sure a more astute and experienced trader would be able to resist pulling the trigger as soon as I did. But I was thrilled with the profit and so I sold about half of the position and then set a tight trailing stop on the other half. Both of which soon sold and left me smiling!
I like this game. Through my other account, I was also holding 500 shares of AAPL stock with a cost/basis of aroung $40,000. It ramped nicely and made me about $2k in profit. The options cost me about $24k and made me a profit of $7.5k.
Gee! I wonder which looks more promising...... AAPL stock $40k capital, nets $2k profit or options with $24k capital nets $7.5k profit....
Thanks for your help. I look forward to speaking with you this afternoon.
Joe D.
Salem, UT
I Have Made a Profit of $16K
After 2 years of frustrating losses, I joined the mentor program. My first call to my mentor was about a week and a half ago. I explained how I was trying to scalp everything to make some money. He told me to calm down and use what I already know. I just wanted to call and say thank you. Using a demo account, per his suggestion, I have made a profit of $16,249.32, all because he told me to calm down. Those were not his exact words but that is what he said; go for big moves in the market every couple of days don’t try to scalp everything every five seconds. I want to say thank you in a big way. I am going to continue to do this paper trading in the demo account for at least another month. So far, I have done 7 trades and every one of them has been at least 100% or more profitable. I think I have found a strategy that works very well! Like I said, I am up over $16,000 and I just wanted to say thanks again!
Just as a side note, I am in my 8th trade and already ahead by $2500.
Jeremy S.
Waxahachie, TX
Thanks for the Education and Financial Security that We Have Gained Through the Year
My husband and I started trading with Prosper due to our lack of financial preparation as retirement was approaching. We wanted more security in our investments. We found that options trading was the vehicle that was most reasonable for our situation.
I have been completely satisfied with the coaching that was received from Prosper Inc. Within 1 year of the educating process, I have made back my initial investment and more. It is becoming easier each day and with less emotion involved in the trades. We gained a 40% profit on an AAPL call within 5 days. As well as a 55% gain on ICE in only 3 days. Thanks for the education and financial security that we have gained through the year.
Dick & Rebecca C.
Harriman, TN
Up 56% in One Month
Mark exited his trade, he had 5 contract ARO 45 calls @ 2.80 and exit at 3.10 because the chart did not look like an upward trend so he decided to exit the trade, an 11% gain. Nice gain for the month of May our trading account gain $7,000 an equivalent of 56%. Thanks for the coaching we are now making more informed decision and are able to keep most of the money we make.
Renee & Mark B.
Toronto, ON, Canada
Enrolling at Prosper is By Far the Best Thing I Have Done For My Financial Help
Aloha Mr. Anderson: My blessing flow to you Dr. Cooper and especially to Mr. Anderson my personal Coach. Enrolling at Prosper Learning is by far the best thing I have done for my Financial Health. You open the doors of AN EXITING NEW CAREER!!!
Thank you.
Maria C.
Ocean View, HI
You Helped Me Gain Confidence
I have been more successful than not thanks to your guidance on stock ratings within MSN, the volumes, the fundamentals guidance etc. OK, the successes have been--- SNDA, in August, got into a 30 call Dec at $2.80 and out in early September at $4.40-----JNPR 1st October, 35 October call at $2.05 and within a week got out at $3.05, 50% in a week!! -----LVS in October, got into a 135 call at $4.80 and out within one day at $6.90 (You can work out the %) and NUAN a November 20 call at $1.95 and out in a week at $2.80, DRYS a 200% gain in 6 weeks. All of these trades were either new in the market place and appeared in MSN watch or various trade papers.
I learned more from the failures notably WMT and BXP both of whom had good ratings, WMT being one of the dogs of the Dow, and BXP earlier this year was highly recommended--both of whom have slumped with retail news and the housing climate in the US.
You helped me gain confidence, learning to sometimes be patient by putting them in my watch list--and knowledge of trading--the picks have been mine--but I have had a winning year---up approx 95% in my first year.
Martin M.
York, North Yorkshire, United Kingdom
A Few Months Produced a 90% Return
When I started with Prosper, my only experience with the stock market was mutual funds. After just a few months, my newly acquired knowledge of fundamentals, technical analysis and trading strategies produced a 90% return on an options trade! It's a whole new ball game! Thanks, Coach!
Daphne P.
Marco Island, FL
Over $7500 in Two Weeks
Thought I would tell you about a couple of recent trades. I bought ten put contracts of Home Depot on 11/6 and sold them three days later for a gain of $869.95! I also purchased 8 calls on Priceline on 10/29. I sold them on 11/9 for a huge gain of $6,769.87!
Garrett C.
Greenwood, IN
You've Shown Me Techniques To Reinforce My Trades
I just wanted to thank you for being such a patient and understanding coach. You have provided me with such a wealth of knowledge to reach my financial goals.
One of the most important things that I have learned from you is to always be conscious of my emotions as it relates to the stock market and the various option trades. You have shown me a variety of techniques to reinforce my decisions to make trades. A small number of my paper trades didn't do well, however you were able to show me where I made mistakes and how to rectify them. The trades that performed well generated substantial profits for me. The profits out-weighted the losses significantly. I have learned a great deal. I now have to take this knowledge and use it on a regular basis; make it a part of my routine. Covered calls seems to be my favorite strategy. This option will provide me with the most protection while allowing me to manage my own investments. It will be my primary trading tool. Once I master this strategy, my plan is to explore and utilize other options. My financial future looks so much brighter thanks to you. You are a great coach and I am so glad that you were chosen to be mine!
Valarie T.
Kansas City, MO
It Will Be Great to Continue to Build My Account
I choose appl for a couple of reasons, the release of the I phone was going to be popular, the indicators were good, and the heads up from the triangle breakout. Thank you. I put in a contingent order for 130, I believe it was trading at 132 and change, I am plus $2800.
SUCCESS UPDATE
The trade was made on Feb 5 chain .XLFRA 10 contracts, 2.09 $ Sold today at 3.61 so 1.52 upside thats about 72% or $1520. I am bringing the money home this time to pay off bills. Since going through the trading process, I definitely learned a lot and it will be great to continue to build my account.'
SUCCESS UPDATE
I did a xlf call on Wednesday at the end of the day and put a stop on it this morning. I was up 70% and stop set at 50% and sold me out. Wish it didn’t get sold out but followed my discipline and achieved my 50% target wanted so that’s great! Seen rimm move good today with a gap up, will have to invistigate it a little more later tonight, take care ($800 gain in 2 trading days... amazing).
Adam C.
Tilbury, ON, Canada
I Have Grown My IRA More in 6 Months than My Group Did in 6 Years
Hopeful and excited!
That is how I feel when using the information I have learned from Josh Willis. I am a single mom and was out of the work force for several years. The success I have had with stock trading is going to allow me to do what I love best and that is take care of my kids.
I have two trading accounts, an individual and an IRA. I have grown
my IRA more in 6 months than the group (that it was with) was able to
grow it in 6 years.
I still have a lot to learn; but I feel great about the choice I made
to go with Prosper for my education; or I should say, to lay a great
foundation for my stock education because it is an ongoing process.
K. McConnell
La Jolla, CA
I Am Up 100% On My Puts
Well, to say that I have gotten good information from my coach would be an understatement! Now the question is how long do I hold on to UNH. I am up 100% on my puts and all the Healthcare stocks are under pressure.
SUCCESS UPDATE
APA is position that I have been holding. I purchased a call position a month or so ago. Over the course of the month I have sold off parts of that position to protect gains. Now I am left with a small balance of that position that closed Friday at over 100% gain.
Gene P.
Park City, UT
I Got Out with a $590 Profit
So I found STP I only bought 1 @ $ 6.80 coast $ 694.95 with a trailing stop behind it. Just a few days later I checked back on the chart set a new trailing stop. I had the feeling that this was going to do well. I got out at $ 13.00 ( $1285.03 ) with a 590.08 profit and it was locked in. I was looking to get in in cheap to test my trading skill. I always get in with 10 contracts.
Andrew R.
Orange Park, FL
Your Training Sessions On Sectors Was a Big Help
I wanted to send and quick hello and a great thank you for starting me on my way to a fun and profitable future. I never new how much of a 'numbers' person I was until you taught me how to read the stock market. I wanted to share a few of my better trades with you and I am sure as my experience grows so will the dollars!
Back in the beginning of October I picked up 2 contracts of GES DEC 50 call at a strike of $4.50. All indicators looked good at the end of Sept. but I waited for GES to cross the 50 day moving avg . In just 3 days my trailing stop kicked me out at $5.70. That was a net profit of $210 or 23%. I watched the stock take a little dip at $52 then it climbed up over $56. I was happy with my gain, but had I been a little braver I would have doubled my return in 2 weeks.
The next fairy tale was my purchase of 1 contract of WNR DEC 35 PUT also in October. I picked it up at a strike of $2.40, but a disappointing week had it fall to $1.70. Still having confidence in my decision to buy I picked up 3 more contracts at 1.70 that averaged my purchase price to $1.88. In 2 weeks it came back to $3.10 strike where I sold for a 45% gain. I learned on that trade that a fall in strike price can sometimes help you!
Finally at the end of October a bought 2 contracts of WFR JAN 08 70 call at strike $5.80. The quarterly earnings was released with good news. In just 4 days I sold at $8.30 making $470 and a 40% profit.
Most of my other trades I make about 4-6% in a few days. Even though I have had my losses, I have learned a great deal from them. You were absolutely right when you warned me not to 'marry' any particular trade. I have now set a 20% loss tolerance for my trades and I think that will work well for my trading personality.
As always your training session on sectors was a big help and a great review. Thanks again, Josh and have a fabulous weekend!
Katherine S.
Hellertown, PA
In Two Months Time I Turned $4K into $15K
I started out with $13000 of my own money. I started buying certain options just because of the stocks earning estimates. I did this for about a month with losses most of the time, because they weren't stable companies. I then turned my attention to apple, a very stable stock meeting almost all criteria. When the stock was rising fast in July I bought a Jan 200 call for 4.50, rather than watching the charts I bought strictly because I thought I was going to miss out on a huge jump. The stock then continued to go down for 2 to 3 weeks and I couldn't handle it any more and I sold out for a mere 1.25 taking me down to $4000. Had I sold out earlier it would have been reasonable, but at this point I should have rode it out. I was crushed and honestly considering that the stock market wasn't my thing. Well apple started to rise again and I bought a spread this time, and then I bought a Jan 2009 300 call and in two months time I had turned $4000 into $15000. Although apple has taken a dive here of late I am still up and this time I will wait for it to go back up. Just for fun......that Jan 200 call I sold out of went all the way up to over $10, so had I stayed in it with my $4000, I would be sitting with about $30000 right now.
Roth C.
Harrisburg, IL
I Learned My Style of Investing
I just wanted to drop you a quick line and write this message as a testimonial. I am very happy I signed on with you and Prosper. Investing on my own is something I always wanted to do and thanks to this system, I am now able to work out of my house and meet my financial needs.
One thing that is very interesting about getting involved in this program is I learned a lot more about myself than I anticipated. I learned my style of investing. For instance, I like to research stocks that I think are going to go up, not down. I find it much more rewarding to approach investing in that manner. I also feel it is supportive of our economy, not detrimental to it. I enjoy a bull market far greater than a bear market. I have learned my risk tolerance and know what investment levels I feel most comfortable with. I was not aware of these important issues until I started trading on my own.
I have utilized those websites you have suggested. They have been very helpful in my decision making. I also use the price limit trades and trailing stops as key tools when trading in my Optionsxpress account.
I have enjoyed trading in Apple, ATI, Freeport McMoran, Google, Goldman Sachs, Mastercard and Apache. Granted, I have made some mistakes, but my gains have far exceeded my losses.
I have set financial goals for myself and, while they have not yet been met, I can tell you that every month my income has grown from the month before. Right now, I am controlling nearly 4000 shares of stock with about $15,000 invested.
To date, I have been able to pay for my educational fees and publications. I have seen my account balance grow as well.
The most important thing is the independence I feel. With your help, I have learned a new profession. I have set lofty goals for myself, but truly believe they are attainable. Because of these things, I am now able to spend more time with my family, travel and do things that are more important to me than working for someone else.
Josh, I thank you for these things. You are the best and I look forward to our next session.
With appreciative regards,
Wes L.
Moline, IL
$9080 in Three months Time
I was looking at the shipping sector, which had a very high weighted alpha and found DRYS. At that time it was at $44.57, it had a very high volume, PE was at 14.40, and FPE was at 8.80. Average growth weight of 59.9%, RSI was 71 and rising, MACD and Slow STO also rising. All indicators told me to buy so I bought 4 contracts of December 50 call for $4240, now worth $9440--$5200 to the good and holding.
My second best trade so far is NOV. I don't have all he statistics on this one like I do on the other; however, I bought 4 contracts of November 115 call because all of the indicators told me to. Right now it sits at $3880 profit and I am going to hold this one a bit longer also.
Two trades totaling $9080 in three months time, not too shabby. You taught me well.
Ken A.
St. Paul, MN
Being Part of Prosper Learning Has Great Rewards
Being a part of the Prosper learning group has great rewards to those that wish to apply themselves.
I was so excited with my first real trade - making over 100% return! Wow. I had been working in the virtual trade and placed a real trade SMH HG at $1.43 and sold at $3.35. Market value was $1,425.84 and sold at $3,334.94.
This is an answer to a prayer and a way to provide myself with a living for the rest of my life.
Ginne M.
Redding, CA
I Have Learned that Options Can Deliver Income
I am still learning. My best trade was GM and QQQQ.
The Q's were done as a straddle just before the Fed meeting. I knew the ETF would react. I made about $300.00 in 5hrs. I learned that keeping your trailing stop loose enought allowed the trade to work.
The GM trade was made because I thought the strike would not last. I bought a 3 month call. I had a profit of about 1250.00
The CRNT trade was my best. I bought a long call. I placed a trailing stop. I had to participate in a seminar. The stock opened high during the morning, started retreating and the TS sold me out for a profit. The profit was about 3000.00
I have learned that Options can deliver income. A person must take their time and analyze the moves well. A person should always follow the trend of the market.
Scott O.
Marion, IN
The Education I Received is Invaluable to Me
The education that I took at Prosper has been invaluable to me. Before Prosper I was just pretty much hunting, pecking, buying stocks and options based on emotions and my perceptions of the law of averages...it doesn’t really work that way, finding myself experiencing probably 17 out of 20 losers. When I actually started using Prosper’s techniques I increased that from 17 out of 20 losers to about 8 out of 10 winners. The one thing that it did give me was some rules and discipline that I can use to guide my training. It will be up to me, of course, to employ that and take control over my emotions, but now I actually have the resources and the knowledge to be able to do that.
Jason S.
London, ON, Canada
The One-On-One Sessions Have Been Extremely Helpful and Enjoyable
Since beginning the stock market study course I have:
- Become very comfortable with plots in Stock Charts.com use them extensively.
- Gained a great appreciation and confidence in the stock evaluation techniques that you have taught. A number of my stock positions took a hit from the aftermath of the sub-prime loan problems and I sold them. This was a mistake as they have been rebounding in good fashion.
- Learned about options trading was new to me and an awakening as an alternate to buying the security. It also seems to be a safer way to invest.
- Used trailing sell order to protect a nice gain from a subsequent price reduction. This is a very good thing to know about.
Both the group coaching and especially the one-on-one sessions have been extremely helpful and enjoyable.
Robert H.
Indianapolis, IN
I Can't Wait to Learn the Rest of the Course!
When I signed my enrollment agreement I was a little hesitant at the price at that time. It seemed a lot of money to me. I had been trading stocks but really wanted to learn options. The next week we started and are now into our 10th or 11th week of class. I'm sorry but I just couldn’t' handle watching all those green numbers on our paper trading. I had to start on my own. Needless to say, I made some mistakes, and I will learn from them, but the end result was fantastic. I made lots of trades in and out, some of which (7 or 8) I lost on. The best ones were on our IRA accounts though:
I definitely learned to concentrate more on my bid and ask spread prices. I almost got stung there. Instead of making money I'm going to come out even because of the spread. Because you don't lose as much on your losing trades as you make on your good trades I totaled a gain of $137,645.94 and I still have a couple of trades running. And of course I subtracted my cost of the course from that. Thank-you, thank-you, Coach, Dr. Cooper, and I can't wait to learn the rest of the course!
Vicky K.
Sun City, AZ
I Found What Was Needed to Be Successful in the Stock Market
My gratitude goes out to you for sending me the email that I received about three months ago introducing me to your stock market education program. Upon the telephone contact that I received after my answer to your email it was right away realized from your introduction personnel that I had found what was needed to be successful in the stock market. After a couple of days when reading the information provided a feeling of confidence had overtaken me.
Now since approximately three months have passed my feeling of confidence has really increased to a volume that is unexplainable. Over the years with my trading experience it has been win a few and lose a lot. So thanks to the literature and staff of PROSPER (Please notice that I capitalized the word prosper because it sure means what it says PROSPER). This is what I predict and know that I am going to do and have already started doing and that is prospering. Again thanks & gratitude
Proud Prosper student,
Donald D.
Dayton, OH
We Are About $8K Ahead Right Now
We are doing great. We have been actively trading real money since June 1 and we are about $8,000 ahead right now. We have been making money during some really volatile times and feel really good about where we are. We are mainly doing bear call or bull put spreads and iron condors. We would love to set up a time to talk with you again. Let me know if you have some times available.
Diane J.
St. Louis, MO
I've Made $3700 Since October
In September, I decided to balance the portfolio and started taking the profits more quickly. I decided that each week my goal was to increase my portfolio by $1000 a week. I looked at the Index charts and remembered what you taught me—trust your knowledge and your gut. I started to inch my way back because I was only trading in the $500-$800 range. I finally had a profitable month.
In October, I increased my trading range in the $1000-$1500 range because my confidence level was increasing. I still took my profits when I could and moved on to the next one. I stopped trying to hit the home run but started scoring with singles. As a result, I made $3700 since October 1st.
I remember you told me that you have to have a feel for the market. I did not understand what that meant last summer. I understand it now.
Tom B.
O'Fallon, IL
$4000 in Less Than 24 Hours
Just to let you know how pleased I am with what you have taught me so far. I used one of the strategies, the earnings, and watched CSCO rise. Instead of watching the next opportunities, I decided to put my money in the market and noted that the next two that I invested in met the criteria that I've learned from the program. Specifically, the criteria that I examined was that the 'EPS ESTIMATE' was higher than the 'PREV. YEAR ACTUAL' I used this initial screening to investigate further by clicking on the company name to ensure that most of the actual results exceeded the estimated results, then confirmed that there was no significant recent news about the company and that the average daily trading volume was averaging over 600K.
My first purchase was John Deere (DE). Here's what I did: August 14: I purchased a September call with a $125 strike price, 10 contracts @ $2.75 = $2,769.95 (cost after commission). August 15: I sold the 10 contracts @ $6.10 = $6,079.86 (proceeds after commission). Profit in less than 24 hours: $3,309.91.
The next day, I thought I'd try it again, this time I looked at Hewlett Packard (HPQ). Here's what I did: August 15: I purchased a September call with a $45 strike price, 20 contracts @ $2.75 = $5,529.95 (cost after commission). August 16: I sold the 20 contracts @ $3.40 = $6,769.83 (proceeds after commission). Profit in less than 24 hours: $1,239.88.
During a week where all of the investment news was bad, I managed to make $4,549.79. I can't wait to get good at this.
Thanks so much for changing my life. I now think that the stock market might be able to provide my family with some improvements to our lifestyle. I am in your debt.
Burt T.
Grimsby, ON, Canada
Investing in Prosper is the Best Thing I Have Ever Done
I can happily say that the investment in my education at Prosper was the best thing I've ever done. I have been trading live since February this year and so far have made a profit of about 40 to 50%. I am very excited about my trades as I have never made a good a profit in the past while trading.
Thank you Prosper for giving me the knowledge to become a profitable trader.
Paul J.
Auckland, New Zealand
This experience is more rewarding, more fun, more efficient and more beneficial than any class, semester or academic year I've spent at a university
In the past two weeks, starting with just $1,500 dollars, I've made almost $900. I know more about the stock market than anyone I know and can independently research, evaluate, and come to conclusions about the market as a whole, or stocks individually. I understand numerous indicators and their place in trades and have, overall, a tremendous grasp on the collective market. I continue to make correct plays with both call and put options and can fundamentally screen for stocks that I feel comfortable following without relying on someone else's opinion or recommendation. I also feel that I can very confidently measure professionals’ opinions and come to solid conclusions about those picks on my own, which feels phenomenal.
I’ve learned so much in the past 2.5 months, it’s remarkable. Currently in college, I feel I have authority to say that this experience is more rewarding, more fun, more efficient and more beneficial than any class, semester or academic year I've spent at a university. I also rate my successful trades as extreme successes.
I love everything about this program. I will recommend with the highest regard this program to those that are committed, serious and extremely professional about their desire to enter the stock market.
I really cannot think of a single improvement that I would make to this program—it’s all been so beneficial and has truly captured what I think every educational experience should be like.
Tyler O.
Louisville, KY
If My Coach Can Teach Me How to Make Money, He is Very Good!
I have wanted to do this for a few years after letting someone else lose about $86,000 for me. My Prosper coach (teacher) is a very good and understanding. I have learned a lot from him; he is teaching me how to trade stocks and options.
So far I have made approximately $5,000 on Nike and some others. I think he is a very good coach and teacher. If he can teach me how to make money he is very good.
Michael M.
Wingo, KY
I Paid Off My Tuition and Doubled the Value of My Portfolio in Three Months
I am so glad to have decided to hire the coaching service of Prosper Learning and my coach! I came upon this service through a conversation with a friend who has used this group for the Real Estate coaching. They highly recommended Prosper and I learned they had coaching for Stock Market Investing.
Before I hired this coaching, I was a long term investor, knew very little about the markets, and depended on financial advisers to make my investment decisions. I learned more about investing in the markets and the leveraging power of options than I ever knew existed. With the strategies that were taught to me, I was able to practice in a "paper trading" account to see the powerful potential this type of trading can provide before I ever risked working with real money.
Since I started trading with real money, I have paid off my tuition for the coaching and have doubled the value of my portfolio in a time period of three months!! I feel like I have control over my money's destiny and I definitely have a greater return on investment than what my financial planners could do!!
Thanks again to my coach and Prosper Learning for this awesome service!!
Glenn M.
Colorado Springs, CO
If I Have Difficulty Understanding Something, My Coach is There
This is the best thing about Prosper Learning. If I ever don't understand anything or have any difficulty, my coach is always there. He really cares about my success. Even after you finish instruction, he cares about me being successful in the stock market. I feel so much better knowing I have someone who cares and who is there to answer all my questions and help me work through any difficulties I encounter. Learning about the stock market is made a lot simpler having a coach to help you.
SUCCESS UPDATE
My coach taught me the covered call strategy. He showed me a website where I could find great stocks to trade. Using this website, I purchased stock in 8 companies. Then I used the strategy and made over $3000 in three weeks. I will continue to use this website and strategy to build my account. Thank you, Prosper Learning.
Bob S.
Louisville, KY
46% Profit in Less than 1.5 Hours
Just thought I would inform you of the quick small profit I made today. I bought .OEBRL (OEX JUN06_500 PUT) @ about 8:10AM. It got filled at 1.70. I watched the market for about 20 minutes and then went to watch a little bit of TV. I then took a shower. I came back and saw that the OEX was approaching the Support Level @ 9:30AM. Got out at 2.80.
- Cost: $170.00 + $10.95 (In) + $10.95 (Out) = $191.90
- Retrun: $280.00
- Earned: $110.00
- ROI: 146% (comm. incl.
- About 46% Profit after commissions.
Edmonton, AB, Canada
Paper Trades Help Student Learn Successful Trade Techniques
Under my fantastic teacher's tutelage, I began paper trading stocks and options in September, just 2 weeks after I began this course. I've bought and sold stocks, and I've traded options, both puts and calls.
The following are just some of the things I've learned so far:
1. How to paper trade options, calls and puts.
2. How to use indicators on charts.
3. How to find companies to trade.
4. How to trade with the trend.
5. How to use trailing stops.
6. What websites to use effectively.
7. What 'covered calls' are, and how to trade them.
I have made mistakes and I have learned something from each one.
So far I have had 22 winning trades and 20 losing trades, and I have learned how to keep losing trades to a minimum in order to protect my capital.
I now know that trading the market is not just for the wealthy investor and the professional trader. It is also for ordinary people like me who is neither wealthy nor professional.
In closing, I want to say that the most important thing I have learned is that I am passionately and hopelessly in love with this business, and I will be in it for life.
Thank you, Prosper Learning Center for introducing me to this amazing course.
Maria C.
Townsend, DE
You Gave Me the Confidence in Trading
Following your instructions, I built 5 portfolios within five industry groups and each one contains 5 stocks from the same group. I picked the stocks from barchart.com based on their past performance, P/E ratio, EPS, Industry Group Strength, etc…And this spared me from doing in depth the fundamental analysis.
This is a long term portfolio. If this were a real trade, I would use technical analysis to enter the position. Buy dip and sell rally. I would rely on RSI to determine momentum, use MACD crossover to make the entry and exit point, and Slow Stochastic as confirmation. Sometime, in an uptrend I can rely on support and resistance to take my position: buy close to support and sell close to resistance.
During the last 7 days I have been closely monitoring the market and my portfolio. I noticed that my portfolio follow neck to neck with the market trend (DJIA, NASDAQ, S&P 500). All in all, I have a gain, even if the market is substantially down today.
SUCCESS UPDATE--REAL TRADES
I exited my DBA, 5 contracts Call Option, after I received your email to make a 41% gain in 2 trading sessions. That was the first time I started doing the real trade. And the following is a copy of my trade that I took positions on Monday exited this morning.
- WLTDK WLT APR 55 Call $54.80 5 $2.55
- $1,275.00 3.7 $1,850.00 $575.00 Trade
- DBACO DBA MAR 41 Call $42.27 5 $1.40
- $700.00 2.15 $1,075.00 $375.00 Trade
- * CHKDI CHK APR 45 Call $46.19 5 $1.80
- $900.00 2.65 $1,325.00 $425.00 Trade
- AEMDN AEM APR 70 Call $69.44 5 $2.95
- $1,475.00 4.1 $2,050.00 $575.00 Trade
- Portfolio Size at Entry: $4,350.00 Portfolio Size at Exit: $6,300.00
- Profit after 4 trading sessions: $1,950.00
- Enter Positions Exit Positions
- Before commissions ($120.00)
- On Mon.25/2 Today 28/2: Percentage Profit : 44.8%
Manit A.
Newport News, VA
A Whole New World of Information and Excitement
Life prior to entering the coaching program was working hard at our respective jobs, and just getting by, but not satisfied. Coming into this experience our knowledge of stocks and the market was very limited. We had no comprehension of indicators, how to maneuver around the web with the vast information available to the novice.
Now, after our four (4) months of phone and webinars, we have been exposed to a whole new world of information, and excitement!! Goals set for ourselves are to be financially solvent and independent of other employment. These are not necessarily ‘new’ goals for us since the start of the program, but with renewed interest due to completion of this coaching program.
Through the mistakes we made through paper trading, and the weekly reviews, we have gained some insight into the genre of the ‘Stock Market Success System’.
Phillip B. & Teresa M.
Blacklick, OH
My Coach Showed Me the Ropes with Patience and Exactitude
I just wanted to drop you a line regarding my coaching experience. He was a fine mentor and I miss our conversations. He showed me the ropes with patience and exactitude. He was always courteous and available and I have enormous respect for him and the way he does business.
I hope that you will pass this note on to the appropriate people so they know what a resource they have. I will always regard our relationship with respect and affection. He is a good teacher, and I know of no higher praise.
Helmut K.
San Diego, CA
Success in Paper Trades Prepares Student to Trade Live
I happened to have 2 CALL options on RIMM before the stock split this week. My virtual account is up $5,700 this morning! Plus the SLB trade being up $800 also. It's not just a home run, it's more like a Grand Slam! WOW, I now see what is possible in Option trading (and what you've been telling me all along).
Of course, I have placed trailing stops on the RIMM CALLs to preserve the 'profits'. This week we sold our seldom used mini van for $3,600, and I plan on funding my Options Xpress account with that money.
I hope we can work together to get started with live trades. I know it will be a whole new 'ball game' when I'm using real cash, and I'll have to take it slow. I'll be happy to make $100 per week at first to replace my paper route money which I'm quitting in September. I've been throwing papers now for 18 months and am tired of the 3 a.m. wake up calls 7days a week.
My first intention was to use my paper route money to pay for a Prosper Learning Options course, but God had other plans for our lives. My wife was diagnosed with breast cancer and I used the paper route money to pay the $5,000 deductible on our insurance policy for the surgeries and therapy. Great news, Jackie is doing well; I lost 21 lbs. in the process by bicycling every day, weather permitting, (1,700 miles so far) throwing papers; and we learned an important life lesson about priorities in the process.
I know you get paid well for what you do, but I feel like you are more than a teacher/mentor. I get the feeling that you have a vested interest in my success, and I want to be one of your success stories. I'm tired of always just getting by. My children are nearly out of the house, and we haven't taken a real vacation with them, ever. We are sending them to a private Christian day school which costs a lot, but it's our choice. They are wonderful, responsible children, and my wife is my hero, but I would really like to surprise them with an extended vacation next summer. I think with a concentrated effort on my part, it is possible with what you have taught me.
Jim V.
Edgerton, MN
133% Increase is a Nice Profit
Bought TLT (a bond ETF) at .45 and sold today (only one week later) for 1.05 for a profit of 133% less commissions. I had an order to buy 10 options but was filled on only 6. But still its a nice profit!
I currently have open positions (all options) on OMM (down, but I'm going to stick with it -- I think that OMM could turn up next week), JPM (order in for 20 got filled on only TWO, paid .20, now at .35 and looking strong), and I went with a pure speculation -- TMWD (my spam canner!) and bought 15 of the Jan calls at .10 and were last at .30. TMWD is not looking great right now, but we shall see.
Dan B.
Pittsburgh, PA
$649 Profit in 24 hours
I purchased my first option yesterday morning at 10am. It was 'GE'; I bought 10 June $37.50 call contracts, the ask price I paid was $1.26. I know that I could have set on this trade for a couple of weeks and let it grow but I wanted to see what it would feel like to sell it and make a profit, so I just sold it this afternoon at 3:40pm at a bid price of $1.95. The stock itself ended the day today at $37.49.
I made a 659.00 profit in just over a 24 hour period!! The very nice stock market resource lady at prosper walked me through my first option sell. To say my wife and I are excited would be an understatement!!! We are elated that after all this time learning and then waiting on the funds to be available to use to trade, and we were able to do this on the very first option trade!!!!
It's also pretty exciting that I was able to find this stock a couple of days ago just doing my daily research and to be able to trade into it a day before CNBC reported that 'GE' was upgraded to a buy! Oh Man What A Rush!!!
The talk on the street is GE will probably move into the low $40.00 range at some point. I plan on buying either a call or put on this one again next week as this stock seems to be on the move again.
Jeff, thank you for all the training you gave me! You really are an excellent teacher and coach. I realize this is just one option trade, but it feels incredible to begin to see success at something that you've been studying at for several months. I'm 49 years old and starting a whole new season in my life and I know this will no doubt be an incredible time for Chris and I as I learn my new stock trading career!
SUCCESS UPDATE
Thank you for getting back to me about the capital gains tax. We have an accountant that does our taxes also, I will let him take care of this for us.
As far as the testimonial is concerned, I have signed the form and was wondering if I could scan it here at my house and just email it to you? We do not have a fax machine at the house but I will go to the Office Depot and fax it if needed. Let me know.
By the way I did trade back into GE late last week and traded back out of it this week for another $350.00 profit. That's twice in a 2 week period that I've traded GE and made a profit. Total profit for a 2 week period is $1010.00. The only reason I don't stay in the trade longer is because even though GE is one of the largest companies on the planet, their stock tends to make very small moves and I am attempting to try to create a larger portfolio by adding what profit I can to it. I'm sure I will be trading GE from time to time as I begin to understand it's stock movement.
When you start with a $5000.00 portfolio you don't have the convenience of setting on trades for very long. The way I see it though is as long as I'm making profit I'm always moving forward towards being able to do some of the larger trades once the portfolio matures a little.
My Oracle trade is progressing along pretty good, I feel the same way you do about it, I feel this will come back up in time to trade out and maybe not loose anything at all. I actually bought 20- $21.00 June call contracts instead of the normal 10 contracts thinking this was going to move up, so I have quite a bit of my money tied up into this one trade. It sure looks better than it did the other day. I was as much as $1800.00 in the hole on this trade on Monday morning of this week, but since then the stock has begun to recover quite a bit. It closed today at $20.69 and my loss is currently at $850.00 instead of $1800.00.
SUCCESS UPDATE
I traded out of 'GOOG' late this afternoon and was able to make a $1200.00 profit. I was in this trade about 1 week. I attempted to buy some put contracts as the stock should pull back just a little after having a 3 day increase, but my intraday buying power wasn't enough so I will look at the stock in the morning and see if I still want to buy some put contacts.
So far I have had 4 wins and 1 loss trading options. I am also in 'PM', 'F', and 'HAL' at the current time and look to make profit on all three in the coming days.
Ed H.
Bradenton, FL
Paper Trades Allowed Me to Practice Maximizing Trade Skills
I still have CSCO and it is starting to inch back up. I placed several paper trades using the Debit spread strategy and one of them (NOV) allowed me to realize the maximum profit within a 24 hour period ($2800). God bless you.
Dennis B.
Lakeland, FL
My Coach Gave Me a Huge Confidence Boost
After going through the ups and downs in the market, I was fearful of jumping back in the market. I did well my first year, but I refused to be those high flying rookies who go broke in their sophmore effort! My coach gave me a big confidence booster and let me know how much I knew about the market. Ive had three winning positions and one loss so far... fwlt, mon, ma, but gs as my small loss.
I just did my first covered call writing with a hedge wrapper! Means I could sleep better at night! I came out with a 15% premium--not bad bad for a days pay. I found another way to create passive income for retirement....I used my scholastic indicator--my favorite way to find the right entry point for my stock . I sold the calls for my month at the same time.
Thank you Prosper!!!!
Luis G.
New York, NY
I Will Make $5500 on One Trade
EK expires Friday for my covered call at a strike of $20.00. I think I'll still own it. I will make about $5500 on it and whoever bought it will make money too. I hope you are well and I will appreciate your feedback.
Ed H.
Rochdale, MA
My Understanding of the Stock Market Has Grown Tremendously Under Your Tutelage
My understanding of the stock market has grown tremendously under your tutelage. It is as if a my understanding of the stock market has grown tremendously under your tutelage. It is as if a light bulb has been turned on and I can see where there was darkness before. I know that it is your 'straight to the point ' style of instruction that has brought this about. It has given me the confidence I need to be come a successful trader in the market.
Wilton B.
McComb, MS
I've Made $8800 this Year on RUT and $5500 on SPX
Using the knowledge that I have acquired from taking the stock market class from Prospering Education, I now feel very comfortable in doing my own TA and trading the indexes on my own. Not only does the TA help me determine which options I want to trade, but also whether to stay in it or to get out. I thank you for the mentoring you have provided as I have already profited from it!
In one of my trading account, by doing way out of the money credit spreads on the indexes, I have made $8800 to date from the beginning of this year on RUT and $5500 on SPX!!! In another trading account, I made $1000 on RUT credit spreads this year so far.
As you can see, I've already recouped my education cost! My goal is to stick with this plan because I know I can generate positive and consistent monthly cash flow with lower risk than trading stocks. Furthermore, I also know how much I stand to gain/lose per position.
Each position I take has a risk of less than $10K. But I stand to profit $1K-$2K each time. And I only have to hold the position for 1 month or less. I hope to develop the discipline to stick to my trading plan and to prosper from here on out! :-p
Anyway, I thought I share this with you because I know you went into teaching to help others. I'm sure you will be happy to hear you have helped another person to become a better trader. Attached is a screen shot of my live-trading account showing the gains I've made thus far on RUT and SPX.
Tri L.
Dublin, CA
Apple Trade Yields $2340 Gain
I just wanted to drop you a line and thank you for a wonderful class that we've shared the past ten weeks. Looking back at where I was ten weeks ago, I am thrilled at the results I've achieved so far. Your one-on-one classes have been something I look forward to every week.
I've only been involved in the stock markets for a few years and that's only by sending money to my financial adviser and hoping he picks the right stock! Now that I've been involved in your class, I feel confident that I can go out and trade with minimal risk by following the principles you've set before me.
The strategy that I've really come to enjoy is the Covered Call. It took me a few weeks for this concept to sink in, but each class or email communication we had was a step in the right direction for me.
Your class has really helped me to better understand certain indicators and analyze companies to the point where I can confidently move into or out of a trade by using a step-by-step process. Also, the elective classes you recommended and the weekly group calls have been invaluable additions to the one-on-one coaching I've received.
This entire program is top notch! Even after our class is through, I look forward to keeping our lines of communication open to further my success in stock and options investing.
SUCCESS UPDATE
I did trade Apple this morning. It ended up being a gain of $2,340. Wow, I wasn't even sure what I was doing with that type of trade. I'm going to go back and watch John's elective again, and try to make another vertical spread trade.
Michael D.
Columbia, IL
$2450 Profit in 10 Minutes
Well, I was really feeling quite proud of myself and shared the information with my partner who had stopped by to drop something off. The positions of the trades showed that two of the trades were in the money. He was impressed that I was ahead $600 and batting 660 (two for three). He left and I fed the dog and got back to preparing for our coaching session.
Out of sheer novice curiosity, I refreshed my positions screen and sat dumbfounded! I wondered what I had done wrong! I just sat there looking at the screen! In the last ten minutes, at most, my profit had gone from $600 to $3450! Potash alone had advanced $2000! I felt like a dog who had just finally caught his first car and now wasn't sure what to do with it!
Needless to say, our coaching session couldn't have come quick enough today. Thank you, John. Semper Fi!
Ovide R.
Franklin, MA
220% Profit in One Week
I recently started trading options and have been taking any small gains and getting out of the positions. I think of it as hitting singles. I purchased a call option on TSO on May 28, and the stock starting rising right away. I saw a 30% and 40% profit quickly and instead of taking it, I tried my first trailing stop. As the stock kept rising, I tightened my stop from 30% to 20%, and eventually to 10%. I finally got stopped out with a 220% profit in one week.
Thank you for teaching me about the options market. I look forward to learning with you and to more successful trades.
Al C.
Miami, FL
Nothing Short of Awesome: Stock Student Makes Powerful Gains
First, thanks to my coach and Prosper for the great education. Looking back, it amazes me at how much I've learned in such a short time. And that's a mean feat for a 71-year old who can't remember where he left his car keys or glasses. Second, for the new-found confidence I now have to go forward and make some serious money, as well have some fun as an options trader without fear of making a tragic mistake.
Because of past experience at not being as successful as I would have liked as a trader (read that as horrible), I started implementing Prosper's strategies a bit slower than perhaps other students. Since my experience was mainly as a stock trader, I concentrated on learning what a company was all about via technical analysis and fundamentals. What that new found knowledge did to put new life into our stock portfolio has been nothing short of awesome. After taking the portfolio out of the hands of my broker last month, and re-balancing it, the portfolio is now up over $16,000.
Again, thank you for being a patient, understanding, and knowledgeable coach. I couldn't have done it without you.
John S.
Ridgway, Colorado.
We Have Already Had Two Trades with Over 100% Profit
Fred and I have been very fortunate in having our coach and advisor in the stock market program. His method of coaching has been a success in choosing the right options for us to make money to help pay off our debts.
We have already had 2 trades with over 100% profit. Our coach has always been there to help answer our questions whether it has been by e-mail or telephone. We look forward to talking to him every week and listening to his graduate classes on Thursdays. We learn something new and exciting every time we talk.
Cedra & Fred F.
Duxbury, MA
My Coach Made the Stock Market Much Easier to Understand
After completing the Stock Market class sessions with my coach, I have a better understanding of how the stock market works, what the terminology means, how to read stock charts, how to purchase stocks, and how to read option trades. I have made some paper trades with some success & hope to soon use real money to make trades so I can accelerate reducing my debt. I feel confident I will eventually get to that point. Working with my coach made the stock market much easier to understand than I thought it would be.
I thank everyone at Prosper Learning for this opportunity.
Janice S.
Indianapolis, IN
It Seems as If My Coach Has a PhD in Stock Market Strategies
All of the coaches that have taught the elective classes have been beyond excellent. My coach is the BEST of the best. He has a magnificent command of the various investing strategies he’s covered. It seems as if my coach has a PhD in stock market strategies. I would love to sit by his side for several days and just watch him work his magic.
I have developed an understanding of these strategies and will have to study them further to completely grasp all the concepts. I’ve set investing goals and tweak them constantly. I am really excited to make this a full time endeavor. I know with the support of the Prosper staff this is definitely a realistic goal.
Just one of the profitable trades I’ve made: 10 contracts of Devon Energy: Bought the DVNSZ Jul 120 Put @6.30 on 05/22, sold on 07/08 @15.40, profit of $9,039.91 including the commissions.
Mike D.
Watauga, TX
I Will Always Be Indebted to My Coach for His Expertise and Knowledge
My name is Jim and my coach began working with me at Prosper Learning in the area of Stock Market Investing about three months ago. I can’t speak enough about how great he is for teaching Stock Market trading, etc. He takes the time to help you really understand the principles.
I made some very significant trades using Puts, Calls, and other Option trades working with my coach on the Virtual Trading program. I have since been able to apply this knowledge in real-time trading.
I will always be indebted to my coach for sharing his expertise and knowledge with me.
James C.
Washington, IA
Thank You for the Lessons You Have Taught Me
I just wanted to take a few minutes to write to you to tell you how excited I am about the Option Trading that I have been learning about with your assistance. I have certainly enjoyed the last sessions that I have had with you and the information that I have received is has very interesting.
As I mentioned to you at the very beginning of our sessions, I have never been involved with the stock market. As a young boy I played a game called "The Stock Market" and certainly enjoyed it, but that was the extent of my knowledge.
I have to admit, I found the Option Trading to be very scary at first, and there seemed to be so much to know before I could do this, but I have found that within just several weeks with you, I am finding myself more comfortable with the idea of being able to make some money at this.
I want to thank you for the lessons you have taught me at this time and I am looking forward to continuing with my knowledge in the Option Trading. I know there is so much more to learn, but I also see how far I have come at this point. I am looking forward to our upcoming class on Wednesday, and looking forward to talking with you again. I will continue to play at this time, as I start to apply some money to my real account. This way when I feel like the time is right, I will have some funds to start with.
George T.
Fredericksburg, VA
Success in Virtual Trades Brings Confidence and Excitement
The coaching program has offered me the opportunity to really understand and develop a trading style, unique to me. In our sessions, I learn from my mistakes and can discuss concerns on a weekly basis. I feel empowered by my coach, which translates to increasing confidence and excitement.
My first virtual trade netted $1960, and I am still gasping! Then came a few losses, but I am slowly fine tuning my steps. When I don't follow the steps exactly, my trades suffer. Thank you for your patience, understanding, and excellent teaching!
Diane S.
Regina Beach, SK, Canada
It is Great to See Profits on My First Trades
Thanks for your help.
Scott P.
Rockford, IL
I Have Not Had this Much Fun Since Retiring from the Military
I have not had this much fun since I retired from he military. I loved serving my country. I saw purpose in what I was doing and I have not had a job so satisfying since.
Then I came across this investment stuff. It is hard to tell people why I enjoy it so much. Everything I like about it sounds like work. I really do like pouring myself into the research. I have spent 7 or 8 hours at a time looking through stock after stock company after company. Compiling watch lists, not only sector lists but lists by trade type (spreads, options etc.). I have had great success.
Some of the things I have bought have been the perfect covered call buys. Even better than I expected. Like Del Monte foods. It has moved up so painstakingly slow I have been able to get premiums for three months in a row now. But that is what you want. But I have made a few hasty grabs of stock, that is not doing my homework on the companies and that is what brought me to the 7% loss number. Pick a spot and get out. Just like the 20% gain I have never been unhappy about setting those points.
The biggest mistake I have made so far was on a Bull call spread. I did everything right, picked the right stock the right strikes everything looking good. Then about a week later I noticed that instead of picking a strike 6 months out that I had accidentally chose current month calls. Just a mere 18 days out and it was gaining like mad even over that short term. Another lesson learned. But I can see me one day making myself a living just playing with the market (wisely).
Thanks for teaching me and thanks Prosper for hosting the whole show.
Glen M. & Cindy B.
Hillsville, VA
I Will Always Be Indebted to My Coach
My name is and my coach began working with me on the Prosper Learning training in the area of Stock Market Investing about three months ago. I can’t speak enough about how great he is for teaching Stock Market trading, etc. He takes the time to help you really understand the principles.
I made some very significant trades using Puts, Calls, and other Option trades working with my coach on the Virtual Trading program. I have since been able to apply this knowledge in real-time trading. I will always be indebted to Josh for sharing his expertise and knowledge with me.
James C.
Washington, IA
Gratitude for the Knowledge I Gained from your Program
It’s always been my desire to do stock trading but thought it to be a far fetched dream because of its complexity and the lack of confidence in myself that I’d be able to do it.
After 10 weeks into the program, I’m very happy with the amount of confidence and knowledge that I now have, very certain that I’ll be doing real trading very soon considering that I knew nothing about stock trading prior to this. The one-on-one coaching is an excellent approach to learning. I was given a great coach, Josh Willis, who makes each lesson simple and easy to follow especially for a novice like me. It’s also excellent that I have unlimited access to those electives. They are invaluable tools to my learning process. Having a very busy schedule, the flexibility of the program helped me to maximise my time and in the process learn as much in such a short time. I’m still a work in progress. I’m doing my paper trading and have experienced encouraging successes on those trades. The loses are telling me to work harder and to be more patient and disciplined.
I am now very excited to do real trades. I’m confident that this will be the start of a new life where I don’t have to be dependent on my 8-hour (or 10) job to be able to provide for myself and my children.
Leonila V.
Edmonton, AB, Canada
I Look Forward to Great Things in the Future
I have been trading CF Industry Holdings for the past few months. I have made three trades and have shown a profit each time for a total of $580 profit. I find that I like to get in and get out quickly to minimize my risk. I have also been trading AAPL.
I have made three calls and one put for a total of $1070 profit. This may not seem like a large profit, but typically I only like to trade 2 to 3 contracts at a time.
Thanks so much for all you have done. I look forward to great things in the future.
Fred F.
Brazil, IN
The Trend Is Your Friend
My husband Peter used to work on Wall Street. After the course he accumulated more knowledge in eight weeks than he did on The Street. At first the information we were receiving was overwhelming for us, but everything started to gel. We learned things like how to perform a technical analysis on a particular trade by using the various stock indicators. We also learned a lot about the Stock Market and how outside influences effect it. The webinars were also very helpful. We are developing our trading skills with virtual trading so that we will be prepared for the read deal one day.
We are thankful for our coach. She was extremely knowledgeable and helpful to us. We will use our new found skills to supplement our income in the future. Thank you Prosper.
Peter & Cheli T.
Homestead, FL
Thanks for Your Enlightenment and Great Coaching
Now the 10 week coaching session has ended, I'm amazed at how little I knew about the stock market. Thanks for your 'enlightenment' and great coaching. Looking forward to many successful trades.
Started trading Aug. 6th and thru today Aug 20th, my portfolio is up approx. $1100. Thanks.
Dan K.
Onalaska, WI
Options Trade
Hi I am Jim and I got fired from the coal mine because I got old. The sprinted said he was going to make us all rich so when I got fired in 2001. I had $250,000.in the stock market. I had to wait until I got 59.5 so I could pay my self out of the stock market. I had work to hard and wore my back out so I am on disability. I have Delta with five def rent stock brokers I got tired of paying brokers to lose my money. So I manage it myself. I have went to options class be four by I dent under stand how thy work but my coach stock the time to show me . I am just paper trading for a while.
I have made 16 trades I didn't make money on all of them. I bought 10 contracts of .APVHL. Call 4.20. I sell to close 5 AAPL. Call for $9.05 maid $4,510.00.then sell to close 5 AAPL. Call $17.15. $13,070.02 in six 6 days. I started with $100,000. I got $113,927.59 not to bad for 11 day.
James M.
Price, UT
I Definitely Recommend this Coaching to Everybody
It's only been four weeks since I started the one to one coach with you and the results have been great. Since the beginning of the coaching lessons, I have found out that doing technical analysis has turned to be much easier and now takes me five minutes or less to analyze the stocks. In addition I am now able to identify entry and exit points when trading and above all I now have an insight in options. Thanks for the great coaching and am confident my trading strategies are getting better every day.
I definitely recommend this type of coaching to everybody.
Petronella M.
Manchester, UK
I Feel So Empowered
I came to Prosper Learning with a burden of debt and little hope for change of course in the future. Through the financial program I have gained the skills and techniques to pay off my debt within 2 years. Not only have I learned to be in control of my finances, but I have also acquired skills for increasing streams of income. Through the Craigslist and eBay websites I have been able to supplement my income and increase my accelerator margin.
The second part of my training here at Prosper Learning involves education in the Stock Market. With my personal coach, I have enjoyed learning valuable trading skills.
I have learned the five fundamentals used in choosing stocks; learned to read and interpret the stock charts including the RSI, MACD, and slow stochastics indicators. I have paper traded stocks, options, covered calls, and debit spreads. I've learned to short a stock and short a covered call.
I feel I have been taught a safe way to trade, protecting my investment. I feel so empowered. I would recommend Prosper Learning to anyone interested in improving their financial status.
Robbin B.
Pomona, CA
I Earned Over $1600 on My First Trade
I am excited about my trade!!! I earned over $1600 on my first trade. I entered a Straddle trade on Dell Computer on August 26Th, the week before their earnings announcement. Their earnings weren't very good, the stock went down and my put increased in value. The cost basis on my put was $1.28 per share. I closed the trade on Friday Sept 5, my put had increased to $4.62 a $3.34 per share gain for 500 shares.
I still have the call side of the trade until October. The stock has begun to show some signs of increase, which potentially could earn on the call side of my trade also.
Irene J.
Bloomington, CA
You Have Taken a Very Difficult Subject and Demystified It
Just a little note to let you know how happy Joy and I are to have you as a coach for the investing portion. You have taken a very difficult subject and demystified it. With strategies you had us learn investing does not seem as difficult as other people have told us.
Manuel & Joy R.
McHenry, IL
A Big Thank You to My Coach and to Prosper
A big THANK YOU to you my coach and to Prosper for the excellent learning experience. The last 12 weeks have been a real eye opener. I would highly recommend anyone wanting to learn the ins and outs of trading to take this course. From the fundamental and technical analysis for finding good stocks to trade to the use of options and trailing stops. Then to learn about covered call, straddles and strangles, and also how to use vertical spreads. This has been great! I have found the elective classes to be extremely helpful and will continue to view them to further my education. I am still paper trading and learning the use of options express's trading platform. Soon I will open a real account and with the knowledge I have and the access to the Prosper Learning website I know I will reach my goal of becoming a very successful trader.
Thank you ALL for your help and patience.
Jess G.
Centerville, MO
It's a Beautiful Day
Thought I would drop you a line say hi!!!!!!! I made over $3987.02 in the market today on four different straddles that’s four trades. It’s a beautiful day. Hope thing are well for you. Thanks for all you have taught me.
Dustin M.
Orem, UT
I Made $2530 for a 13% Return on an 8 Day Trade
On the 2 stocks and selling the calls AMR and UAL I made $2530 on a $18,540 investment for a 13.6% return, and that was only for a 8 day trade. As you know that was my first trades and I couldn't be happier. Thanks again for all the teaching and great coaching.
I hope the market and volatility settles down a bit because I have set aside $100,000 to trade Covered Calls each month in order to reach my goals.
When I hit $50,000 in profits you owe me a lunch...
Dick M.
Dowagiac, MI
I Have Gained 30% in My Options Account
I am a conservative person, so this success is big to me. Since September 5th, I have gained 30% in my options account. I have successfully used vertical spreads, both credit and debit. I have also used straddles successfully. I had my share of losses, but on the whole, I feel that I have done well. Only one boneheaded play the whole time and it wasn't really boneheaded, just ill timed.
An AIG call that would have worked, but due to the announcement of AIG's demise and due to my not being able to unload it prior to the close, I would have not suffered an entire loss on that contract. The Sunpower trade was a favorite of mine as I was able to make $100 less than the play would have been worth in 4 days without the fear of a turn against me. Really liked that one. I enjoy our classes together; however, I really like the ideas I receive in afterhours classes. Those are money makers for me. I also enjoy learning how to protect my principal, keeping my losses low and letting myself reap great rewards with little exposure to my account.
As you can see, I am not risking very much on the trades, but the gains are astounding.
Total Realized Gain/Loss $15,029.64
Jim N.
Mt. Pleasant, SC
It Was a Pleasure Learning with Your Help
I learned a lot about investing in the stock market by your course. Looking back, I find it hard to believe how little I knew and understood about the market. Your tutoring and the explanations of the assigned Elective Courses as we worked through them and your response to follow-up questions really provided me with a level of understanding and cautious confidence to really work the market.
I think the market at this instance in time, based on the volatile impact of the Federal Government dabbling in or out of the major banks fiasco is un-predictive enough to wait a short period without indulging further. I only wished I knew of The Option Express and of Stockcharts information much earlier in my life. Of course, I would need an experienced Teacher/Trainer to properly understand the proper use of the charts and the buying of Stocks and Options. I think your patience with the students is to be commended. I expect to review some of the courses we studied and if I really get stuck, I'll plan on making future contact for further clarification.
It was a pleasure learning with your help. After this long I consider you a friend. If I'm ever back out to Provo, I'll look you up.
Bill A.
Huntsville, AL
I Have Gained $1702.45 in the Past 7 Weeks
I have been learning stock trading with Prosper Inc for exactly 7 weeks today. I have 2 brokerage accounts opened 7 years ago. However, I seldom use them. I don’t have idea about stock market except on buying and selling. I don’t even know there are fundamental analysis and technical analysis. I learned a lot from my two coaches. I benefited from both of them even though have different personalities and style of teaching.
I bought 50 share of STP at $40.4. I learned fundamental analysis and technical analysis after. I see the exit point on technical analysis chart and sold them all at $46.65. I made nearly $300 profit. I was so excited. I haven’t made a profit for a long time. I bought 500 shares of FNM at $.69 and FRE 500 shares at $.51 4 days ago and they are $1,402.45 in profit.
I have been participated in many stock elective classes. They are all very good and I learn a lot from those classes. Those classes are just like pearls. My coach put them into a chain and showed me their sparkles all together when I take coach one-on-one lesson. My coach gave out tips on stock picking and the stock market current situation helped me a lot on decision making. I heard him talking about Fannie Mae stock during graduate group lesson and I bought the stock the next day and it’s making money now. He pointed out and explained the blind spot before I asked. He is a coach who lifting up your spirit and push you forward. I am glad to have him on my side.
Jennifer W.
Dallas, TX
I Give My Coach an A+
I have traded stocks and options for many years. My main problem has always been risk management. I could make a lot of money, but I could not keep it, and that was very frustrating. The other was, even though I had some knowledge about technical indicators from examining chart patterns, my emotions would take over because I was never sure if I had interpreted them correctly.
Thanks to this program and through the help of my coach who was always very supportive and patient, I got a deeper understanding. Although it seemed to stare me in the face at times, my coach made me able to follow what the charts were telling me while reducing risk and therefore allowing rational thinking take over my emotions.
I give my coach an A+ and recommend this one on one course highly. I just wish I would have taken it sooner.
Terry D.
St. Louis, MO
Thanks Again for Teaching Me About the Stock Market
When I started with Prosper I didn’t know much about the stock market. I knew it was there and that people made money off of it. Now, at least on paper, I know how to trade stocks, and options, do straddles and strangles, read a stock chart and have a good idea which way a stock is going to move.
I will continue as before with debt reduction, which is going good. I am working on my 3rd credit card of 6. Admittedly, the remaining cards have the largest bills, but the lowest finance charges so they will take longer.
Thanks again for teaching me about the stock market and I will continue paper trading until I get an actual stake to work with.
Alan P.
Crooked River Ranch, OR
I Want to Thank You for Being a Great Coach and Instructor
I want to thank you for being a great coach and instructor. I have learned so much from your instructions, guidance, and patience. The tools you taught in how to choose, analyze and execute are tools that made me begin to understand what options are all about, and also begin to understand what makes the stock market world tick.
Learning to use the tools you gave has given me the knowledge and courage to overcome my distrust in the mishandling of my stock portfolio during the 2000 -2001 market crash. The way you instructed and coached made me understand the stock market language that was so foreign to me before. I no longer have a fear of the stock market. I am so glad I chose stocks for the (I call it recovery) second part of the contract. Most of all I am very glad to have you as a coach.
My goal now is to try and absorb as much knowledge as I can and with your continued help try and regain the money I lost on the previous crash.
I thank you so very much.
Sylvia R.
Tacoma, WA
7 Coaching Sessions
Hi Everyone;
I have been trading in the stock market for 35 years. My wins have been many. My losses have been few. I signed up with Prosper to learn to trade in a down market. I always knew that I could make money in a down market, however, I didn't know how, until now.
I have had seven coaching sessions with my coach Jeff Yeade, who is an excellent coach. I have learned to use charts, technical analysis, etc. and so far this has been a fantastic experience. I never knew this information existed.
This past week I started to virtual trade call and put options. I never purchased stock on line and virtual trading has made me comfortable doing so.
I love trading options! It's so easy! In this type of a market, it's a "no brainer".
What an easy way to make money!
Thank you Jeff Yeade and thank you Prosper. I look forward to the remaining seven coaching sessions!
Sincerely,
Carol Crawford
Never to late to learn
This year my husband and I have found we needed to get more serious with our retirement plans. Thanks to the Stock Program and with the mentoring and teaching of our coach we moved from not even having the terminology of the stock market to now being able to make paper trades in stocks and options. Despite the extreme situation in the recent market, we have seen profits in paper trading. Our coach has been thoughtful and focused and understanding of our personal situation, which has given me the confidence to keep learning and ability to believe we will be successful in this endeavor.
Richard R.
Silver Spring, MD
My Profit Today Was Around $3000
Thanks for all your patience trying to teach a newbie. I am enjoying the basics, but can't wait to get to the more advanced trading. Today I bought 100 shares of EEV FXP and SKF from my live IRA account. My profit today was around $3000.
I have found that shorting ETF's and the market going down gives good profits. Like I said I am more aggressive than conservative. I hope to gain a lot of expertise from your company and be able to make a living from the stock market.
Thanks for your great coaching,
John S.
Palmetto, GA
Stock Student Gains $1000 in One Day
I had to set this trade up on auto pilot as I am at the university now. I am taking a course with the Founder of the new Charity called social entrepreneurship.
I just checked and see I got stopped out. I set the stop pretty close (-9 pips) It seemed the markets I was watching were inclined to drop. Overall I had a good day on cash and left with over $1,000. I was in and out of the GBP and EURJPY. It's coming!
Scott E.
Calgary, AB, Canada
This Course Has Given Me Confidence to Use Trading to Supplement My Income
When I started the stock market section, I heard of a few key terms but had a lot to learn about analysis. Although there were a lot of terms to take in, the material was well organized and made fundamental and technical analysis fun.
I didn’t realize how much I learned until I started talking to a few of my co-workers. They had been trading stocks for years and when I annotated a chart for them, they were shocked that I could read it, and so was I! I was so busy having fun that I didn’t realize that I was actually learning something!
The most important lesson that I learned is that although the market is not completely predictable, there are certain things that I can do to limit my risks and hopefully come out on top.
This course has given me the confidence to use option trading to supplement my income and has given me more hope for the future.
Cara O.
Inglewood, CA
I Can Now Research Potential Stock Purchases
My coach is an enthusiastic instructor. She also compliments me on my successful trades and encouraged me when I was overwhelmed by the research or not doing well in some trades. I can now use Fundamental and Technical Analysis to research potential stock purchases. With each question that my coach answered on these procedures, I became more proficient and could get them done faster. I’ve also been keeping up with the market more by reading about the day’s events online. I look at the trend, support & resistance, volume, technical indicators, and implied volatility before getting into a trade.
Before our classes I knew of Options, but now I have a good understanding of them and have enjoyed doing the paper trades. I’ve also learned about other areas of trading that I didn’t know existed such as Covered Calls and Straddles & Strangles…
…Overall, I am very happy with my coach’s abilities as an instructor.
Beth H.
Dandridge, TN
I Am Very Glad I Selected the Stock Market Coaching Program
Initially, I chose the stock market coaching program over real estate, eCommerce, or starting my own business, simply because I'm lazy. I don't have the time, energy, or desire to do any of those things. But now that I'm taking the stock market program, I'm getting excited about the possibilities of making money from the stock market, even now in these times of turmoil.
The stock market is very complicated, with prices rising then falling. It's hard to know when to buy, sell, what stocks are good, which one's aren't so good. But my coach has shown me web sites where I can learn about stock trends, practice trading without the risk of losing real money. And he is now teaching me about covered calls. This is where I get excited about the stock market. A lot of the risk involved in trading stocks is reduced with covered calls. The problem I am having now is trying to figure out how to come up with enough money to start playing with the real thing!
So far, I have made a few paper trades, buying puts and calls, and some covered calls. I've had some success with the puts and calls and some failures, but the covered calls really seem like the way to go for me. I have made a couple of trades with about 15 - 25% return! And some with less, but always a gain. If I add on a covered put, it seems like nearly all of the risk is eliminated.
Now I'm coming up with plans to use the stock market to help me reduce my debt even faster than the track I'm on now. First, I have to figure out how to pay for my first real trade(s). Then I have to earn enough to pay myself back. Then pay off my debt (including the house!) and then I'm on my way to building my wealth. It's all very exciting!
It's good to know that even when my coaching sessions are over, I can still use the Success Center as a resource. I know that I will not be left on my own to try to figure things out.
I'm very glad I selected the stock market coaching program. I could never have learning so much on my own. I wouldn't even have known where to start looking.
Becky C.
St. Louis, MO
I Think This Program Will Change My Life in Positive Ways
It has been great learning from you. I am really optimistic about starting to trade and feel the decision to get involved with the Prosper program was a good one. Even though the economy is in a decline, making it such that many people would shy away from starting to trade, I feel that you have given me the tools and knowledge to enter even this market with confidence.
I do think the new direction I have taken with entering this program will change my life in very positive ways. It has been fun learning about the stock market and I am much more informed about the world in general now. Most significantly, as a single mother, this will give me the security to really give my life to areas that are the most meaningful and important. I feel an enormous amount of potential freedom around achieving success through online trading.
Meg M.
Seattle, WA
Knocked down...But I get up again!
I enrolled with Prosper Learning in March 2007 and had some early success followed by my old habits and tough market conditions taking me a step backwards. I took a much needed break to evaluate my mistakes and in doing so have regained my focus, confidence, and routine and placed my first trades in some time. I started with USO on Dec 30th as the fundamentals on Oil suggested an interim bottom and purchased Jan $30 calls as the stock found support within its down-trending channel positive divergence with MACD and buy signals with other key indicators, (all this analysis learned via instruction from my coach). By Jan 2nd I was up 80% and took 3 of my five contracts off the table. As of Jan 6th, my remaining 2 contracts were up over 200% so I exited for a combined return of 120% after commissions in roughly a week. Obviously a tremendous confidence builder and this success is the result of the extensive coaching I received to help me technically enter a trade and manage the trade objectively without allowing emotions, greed, etc influence my execution. I'm very excited with this result and hope that it can motivate others that have had ups and downs to continue to stick with it and always look to bounce back after falling down!
Prosper Illuminated Us on the Subject of Stocks and Options
My husband and I wanted to get out of the rat race and pay check to pay check doom. After trial and error, we stumbled into Prosper, which transformed our thinking and illuminated us on the subject of stocks, options, etc.
It has been a great experience for us with the wonderful and experienced one on one coach I have and of course the elective courses offered. It has been very great, but I am yet to go into real money trade, my paper trade has been exciting.
The whole experience has been insightful and worth delving more into.
Doris & Nick A.
Calgary, AB, Canada
Stock student sees $770 profit from January activity
Here is a synopsis of my live trading activity beginning in January. Initial Investment - $4,000. I entered 2 positions on 1/12 that have closed with profit: 1. AKS (AK Steel) straight put Jan 10 Put (ASJMB) @ .35 for 10 lots - Cost $350 with a target trading time of 2 days and option exit price of 1.05 for a profit goal of $700. Closed position on 1/14 @ .58 for $230 gross profit and 54% net gain. 2. PALM straight call May 7.5 Call @ 1.05 for 6 lots - Cost $630 with a target trading time of 7 days and option exit price of 2.20 for a profit goal of $690. Closed position on 1/21 @ 1.60 for a gross profit of $330 and 47% net gain. Covered Call - stock purchase and Sell of Call I purchased stock to execute a covered call. CYPB (Cypress Biotech) @ $8.90 for 200 shares on 1/15 for a total investment of $1,780. I sold CYPB Feb 10 Call (QGYBB) @1.05 for 2 lots on 1/16 for a profit of $210 for a 100% gain. If called out, will realize $1.10/share gain from stock sale for a gross profit of $220. I have several open positions with Kraft, Southwest Air, and others.
Michelle & Larry L.
Butler, PA
$500 in two weeks on my first real trade
I bought five contracts of DNR for 1.05 and its at 2.15 today. I have a .30 trailing stop to protect profits as you have taught me, but if it even starts to go down at all tommorrow morning I will sell and take profit, that’s over $500.00 in two weeks on my first real trade. I just did everything you said as far as checking the fundamentals and then when the charts looked right I got in. Thanks again,
Nick C.
San Jose, CA
61% profit on Second Trade
I wanted to drop you both a line about how I am doing. I went active with OptionsExpress on Jan.12. My first trade was a put on JPM. I don't have a large amount to start with so I've been trying to use no more than 10 - 15% of my total per trade until I get a larger base built up. In other words, I bought one contract! At work, I can only check personal websites during non-business hours. It is a mild form of torture to have internet access all day long and not be able to check one’s trades! Anyway, with the first trade, I set a stop on the 3rd day at lunch because of where I thought the market was going. It stopped out that afternoon and I made 28% on my one contract. (Looking forward to buying more as the base gets bigger.) I watched that same stock (I had also paper traded it for 3 months) and was confident it was going to bounce back up as it had in previous patterns. I got back into it (again 1 contract - maybe I need to stretch my risk muscle a little bit!) on 1/22 but on a call this time. At lunch Wednesday I checked the 5 minute intervals on StockCharts and saw that it was really having a hard time pushing through the 50 day MA. I set a trailing stop on it and it stopped out late Wednesday afternoon. This time it made 61%. I have some other trades in play but the Financials need to come around and break the 50 day before they’re really going to pay off. Thanks for all your help and patience.
Troy G.
Hudson, IL
I only cleared $720 on the trade, but it was an educational experience
It was a last minute trade with limited potential, a bull put on RIMM. Stock was at 49.06, sold the Jan. 48.375 put and bought the Jan. 46.625, 40 contracts. During the four hours or so until expiration, it went into the money slightly, but rebounded to close at 51.11. I only cleared $720.00 on the trade, but it was an educational experience. I’ve placed the covered call trade that you made me aware of earlier. Good return possibilities, just hope I didn’t get in too soon. Please feel free to critique my reasoning, I can always benefit from your input.
Mike B.
Portsmouth, VA
$5,000 Gain on Trade
I had a good trade on the USD/JPY for the past three days its been a buy. Had to come out today with $5000 profit. I came out as I notice there is a possible reverse movement.
In addition I continue trading bounces with GBP/USD, EUR/CHF.
Petronella M.
Manchester, England
$1,350 Profit on First Trade
After finishing my course with my trainer I made my first trade. On Thursday, Feb. 19, 2009, I bought 1,350 shares of Bank of America at $4.11. On the Wednesday Feb 25, 2009 I sold them for $5.11 for a profit of $1,350. A 24% increase in three trading days. Thank you to my coach and Prosper!
Craig B.
Alberta, Canada
The course has opened a whole new door for me
I learned how to trade options - WOW - this is something I never thought I would do! This course has taught me so much. I never knew about charts, technical analysis, etc. and I have been trading successfully in the market for over 35 years. There is so much information out there since I have learned to use my computer for making trades! The course has opened a whole new door for me as far as trading is concerned!
I look forward to making better trades!
My coach has been fantastic! He has
taught me so much and continues to give me reassurance and helps me make better
decisions. This is an exciting time for me! My biggest accomplishment so far is
learning a whole new way to trade. I am extremely pleased with this program!
The one-on-one with a coach was the best way for me to
learn.
Drums, PA
Another fun day on my ForEx trades
Just another fun day on my Forex trades captured 350pips on EUR/USD-buy and 180pips on shorting USD/JPY within four hours. I do appreciate the coaching I had; it’s giving hope that I will get to where I wish to be.
Petronella M.
Manchester, England
Sizeable Gains from Trading
I had my trading account arranged completely on March 9 and I had placed my first covered call trade first thing in the morning on March 10. I've bought 1000 shares HIG @ $4.80 and sold 10 MAR5 contracts @ $0.70, making $900 minus commission. Of course, if I knew that HIG would jump over the head in just two days, I wouldn't sell the calls, but if I would be so smart today as my wife tomorrow that would be a different story...
Watching Citibank stock moving up so strongly I decided to catch up the train and bought 2000 shares in the morning on March 11 at market price $1.70 (though it would be smarter to wait a couple of hours and buy @ $1.56). Today, as I write this, the stock is trading over $3.00 making about 75% gain. I will closely monitor the stock and analyze the option prices for either exiting the trade or for an opportunity to make a covered call for April.
Thanks again for the training! It gives me the instruments in my hands to achieve my financial goals and makes my financial independence closer.
Best Regards,
Sergey M.
Maple, Ontario
No boundaries to where this knowledge will take me
I joined Prosper originally for the finance building. My husband and I were newly married and suffering financially. Our credit card bills were outrageous and not improving. We had such a positive experience with readjusting our attitude toward our finances and saw considerable changes. During that period of time with our coach, my interest in the stock market developed. I thought it would be a great opportunity for wealth building.
My experience with Prosper and the stock market teaching program has been exceptional. My coach was knowledgeable about his subject and had a teaching style that made the material easy to understand.
When I began in the program, my knowledge of the stock market was limited to a brief pause on CNBC as I flipped the channels on the television. But working with my coach and spending time studying the charts has really increased my knowledge of the stock market as well as the economy's impact on the stock market. I understand multiple trading methods and the appropriate time for each of them.
Without a coach, the learning curve for beginning in the stock market is huge, but by having a coach next to me as I traded, both “on paper” and live, significantly shortened my learning curve. Just a few weeks ago I was frustrated and discouraged, but recently, it seems to have all 'clicked' together. There are no boundaries to where this knowledge will take me! Thank you.
Jennie&Justin L.
Florence, SC
Up $1,100 in this trade
I had a session with my coach on March 9, 2009. We talked about stock that could possibly go up this week due to stories in the news. He let me know that an announcement would be coming out on Thursday that week on how the government would be helping banks.
I had $5,000 in an OptionsXpress account and John helped me make a plan. I really wanted to write a covered call on BAC (Bank of America) but decided to just buy the stock for now and just watch to see what the stock would do in the next 24 hours or so. I bought 1000 shares of BAC at $3.53. The price of the stock and the commission was $3,544.95.
The next morning BAC stock had gone over $4.00. I emailed my coach to tell him that the stock was over $4 and to see whether or not I should sell to open the March call options (covered call). He called me back and showed me the March and April options and what they were selling for. I was already up $1,100 in this trade so with my coach’s help, I decided to just set a trailing stop.
I will continue to watch the price of the stock and reset the trailing stop as the stock price moves up. This is my first trade and already making a nice profit. I love trading but I really love making a profit.
Anna K.
Artesia, NM
FOREX success
First I want to thank Prosper for introducing me to FOREX. I attended the first FOREX webinar about 36 hours ago. I immediately opened a paper trading account with $50,000. 36 hours later, my account equity has grown to just over $80,000 trading only the GBP/USD pair. That is more than all the paper profits that I made in the last 3 months trading stocks and options with a lot less of the frustration and fear of trying to predict what the market is going to do next. FOREX has all the aspects of trading stocks and options minus most of the disadvantages. Needless to say, I am blown away by the potential to make money in FOREX. I look forward to getting into the FOREX training classes.
Thanks Prosper!
Scott Farley
Lawton, OK
UPDATE
Since starting FOREX paper trading last Tuesday after the Webinar on FOREX, I have been enjoying tremendous success with the paper trades. Much, if not all I learned from paper trading in stocks and options is easily transferred to FOREX. Starting last week, I am up from 50K (opening balance) to now 113K in a little under a week. Some of the trades were risky and I probably wouldn't do them with real money without much more experience. Fortunately they worked out as hoped and planned. I have, as of last evening, started implementing the use of stops as part of learning to keep what I make.
When I feel comfortable trading paper then I will probably open either a mini or micro account to get my feet wet. As I was driving home from work the other day, I suddenly realized that learning to trade successfully is like learning to walk on the tight rope. If one cannot successfully trade in practice, it makes no sense getting on the high wire. You will just fall and get hurt or killed. As one's skills and confidence increase, one can start putting some real skin in the game.
Forex is great. If you haven't tried it, you don't know what you are missing.....
Scott F.
Lawton, OK
PS My thanks to Scott Chandler, my stock coach, and the Prosper Team for a great program.
Stock Market Success Story
Using the training and training tools provided by Scott Chandler I have recently bought a stock that has more than doubled in value.
Prior to this training I was very apprehensive and honestly scared to get into trading on the market.
Thanks Scott. And Keep the training coming.
Total earned 6,500.00 to date.
Dee and Lance F.
Slidell, LA
First success
After about halfway through the coaching sessions with Josh Willis I decided to make my first foray into selling covered calls and buying calls. The first month's efforts have been very successful with $1,300 made in a few days with 2 calls and about $5,000 from premiums and increased stock value when called out. Without the coaching from an expert and excellent teacher this would not have been possible. My previous experience was very poor following the advice of so-called newsletter experts. One is never too old to learn something new. Hopefully this success will continue.
Gordon J.
Washington Island, WI
Great Progress at the end of Coaching Sessions for FOREX
I joined Prosper as I was looking for the specific individual tutoring I needed to take me from wandering in the forest to an actual plan. My coach was John L. We developed an instant rapport. John was able to easily establish where I stood before class and areas I needed to learn. We concentrated on those areas.
John provided me a simple yet highly effective trading method that allowed me to make money the first week. During our sessions we discussed specifics of trading methods.
Today was my last formal coaching session, but I will absolutely use the graduate section and all the very interesting electives.
And oh ya, as it turn out, tonight was my biggest trading day ever. I had 13 successful trades and no losers tonight. I made over 400 pips. Too bad I'm on a mini account. John has given me the tools and confidence to increase my trading and feel fine. Next week that 400 pips will be $4,000 profit for one day. My all time goal was $200 a day.
Well done.
Sincerely,
Doug J.
Clarkston, MI
UPDATE:
Last night was my best night ever. I made 855 pips in 24 hours using the basic method of 9 and 18 MA crosses. I exited on pull backs and re-entered on advances. It was shocking. I stayed up all night and played. Even thought they were micro pips I used 10 microlots each and earned over $800 real dollars. Thank you so much.
Doug J.
Clarkston, MI