Greetings, and welcome to this week's lesson.

A double your money option trading plan. In today's lesson I want to show you a very simple and reliable method for starting out option trading with very little capital. 

If you ask a dozen traders or educators, "how much money do I need to start trading?", you'll probably get twelve different answers. Their answers range between $5,000 and $25,000 as that amount reflects on their system parameters or the learning curve they have endured.

I personally feel that the less money you have to start option trading with the better off you are. That certainly goes against conventional thinking, but consider this. If a trader doesn't have a trading plan based on his or her starting capital, they're going to make the same mistakes regardless of how much money they have...and it doesn't take much to see that a $500 mistake is much more easier to endure than a $5,000 one.

In short, if you start with $1,000 you are forced to only take the highest probability of profit trades because you cannot afford to be wrong. On the other hand, a trader with a $25,000 account makes the same mistakes over and over again until they are busted, thinking that it was just bad luck in the markets. Fortunately, some of those not yet successful traders find me before they are completely busted and I show them this same simple double your money option trading plan.

If a trader has $1,000 to $5,000 to start trading with, the number one concern should be to build that account up to a more comfortable level of say $10,000 to $15,000 as soon as possible. This will give you the needed capital to diversify between a number of markets and option trades at once. Until that point, you only concentrate on doubling your investment one trade at a time. 

You are giving up unlimited profit potential of an option purchase, to only see your investment money doubled in value. Why? Because it's much easier to double your money, very quickly, than it is to hold out for "possible" unlimited profits. Most traders who purchase an option and hold for unlimited gains usually end up losing as their option expires worthless. They feel that any day now the market will turn and save them...but it rarely happens.

On the other hand, a trader who is very careful with trade selection and focuses on doubling his money in one week to two months for each option purchased has a much higher probability of successfully building his small account up from very low levels.

The great thing about the trading plan is the fact that you only need minimal tools and knowledge to make it work. Here's a list:

1. Brokerage account...easy to set one up in less than 24 hours with no minimum required for trading options.

2. Commodity Charts: Track N' Trade Pro charting software is by far the best. However, if you're not ready to purchase it we have all the charts listed for you in the VTU course member's private web site.

3. Option Implied Volatility Rankings: This tells us whether options in a particular market are over or undervalued....Priceless information and we have it updated daily in the course member's private site.

To put a high probability of profit option trade together we simply scan our charts and locate one of the five of the highest probability of profit chart patterns. They are, the 1-2-3 bottom formation, 1-2-3 top formation, head and shoulders top formation, the narrow sideways channel, and the 50% retracement chart formation.

These powerful chart formations most always lead to extended price moves giving us a probability of profit of up to 90%. Simply meaning, that when one of these chart patterns are found, you have up to a 90% chance of doubling your money in a short time with option purchases.

Option implied volatility is also most important. Once you find one of the chart patterns you simply look at the implied volatility ranking table to see if the IV is low or high. We only want to purchase options for this plan if the IV is very low. Reason being, when prices begin moving the IV will move up also which makes the option we purchased increase in value very quickly.

Although there are 32 known chart patterns which you can learn as you go, the five I listed will give you the highest probability of being right in determining the next price direction your first time out.

The Narrow Sideways Channel is my favorite of the five chart patterns because I've NEVER seen one that didn't lead to an explosive price break out at some point in time. You can see a perfect example of our free trade option plan using the narrow sideways channel in sugar by clicking here. You can use the same plan as the free trade example for the doubling your money plan, just buy the best priced option and sell when the price doubles. And if you feel the market will move on further wait for a price pullback and purchase another.

The next question is, "how long will it take me to build a $1,000 account to $10,000?" That's hard to determine because we don't control the markets, we only trade what we see. So, patience is the key to making the plan work. I will say that there are many trades every year that explode from these chart patterns. To be more recent, course member's have doubled their initial investment this year in corn, wheat, soybeans, soybean meal, Canadian Dollar, gold, US Bonds, unleaded gas, cotton and a few others with each trade averaging about one month, and three months for free trades. It's very easy to reach that level in just a few months.

You don't need much education, it's the discipline to follow the plan that makes it successful. 

I am fully convinced that this method of trading is the only way for the complete novice or not yet successful trader to build a very small trading account up to a more comfortable level. You can't do it with futures contracts, and day trading/FOREX is just too stressful.

In my course I show you in detail how to trade chart patterns with options and locate and make free trades and I even supply you with the charts and implied volatility rankings. Plus, my trade alerts find the opportunities for you. And if you think you don't have enough money to open a trading account, you'll be happy to know that we have found a brokerage firm that doesn't require a minimum amount to open an account for trading options. As long as you have the cost amount of the option plus commissions and exchange fees in your account you can trade options.

Get my course and trade alerts today and I'll send you chart pattern trades to consider for all active commodity markets.

If you are looking for a home based business to supplement or replace your current income, commodity futures option trading may be what you are looking for.

It beats all traditional and Internet and non Internet businesses simply because you have no products to sell and you answer to no one, not even customers.

An option trading business is easy to learn and you can trade right from your computer or any phone line from any location in the world.  The flexibility is unbelievable!

You get everything plus much more if you join our trading family today...and you can save $100.00 by starting today! Or you can start today and receive the course and trade recommendation alerts for just $99.00

You can even start today and have zero risk because I'll give you a full 90 days to decide if trading options is for you or not. If not, simply write me an email and I'll give you an on the spot no questions asked refund! 

Click here to see all that you receive for joining the VTU trading family. You'll be surprised at all you receive and you can take an additional instant $100 off if you join today!

If you found this lesson beneficial, consider getting my full course and trade alerts. You'll find many more option and futures trading strategies. And, I'll guide you every step of the way to insure your success!

Trade Well,

Archie Johnson

P.S. - I've been teaching the art of option trading online now since 1998, and we've got many success stories that prove our worth. We spend thousands each year to provide our customers with the securest shopping cart and hacker protection available so their purchases are always safe and secure. 

Thousands more in chart and data services and provide them free to our course members so they have no extra things to purchase period. A course membership here at the Virtual Trading University is all in all for one low price. It includes the methods plus all you'll ever need to make money trading options...I guarantee it!

P.P.S - Make sure to book mark this page as we will be posting a new chart lesson here every Tuesday by 10:PM CST!