I've had a few new members ask me about deploying a new virtual portfolio.
I thought it would be a good idea to do a little practice run using the WSS platform with ORDINARY margins so these will be trades anyone can make. My intention with this virtual portfolio is not to touch it very often and I WILL NOT be able to watch it all day. So, this will be an ideal virtual portfolio for the "set and forget" crowd. Obviously, you can do this with $50,000 or even $25,000 - just buy less positions!
Our goal is conservatism and earning a least 2% a month. We did this with last spring's Q2 $100K Virtual Portfolio, which was doing better than $1,000 PER WEEK until we closed it in week 18. If those two things don't seem to go hand in hand - I hope to get you to think again as we use many of the techniques we learn ever day at PSW to take advantage of different market movements. I haven't tried the new option system at WSS yet so we'll see how it goes and how much of a pain in the ass it is but, basically - if you are the kind of trader who is busy during the day and has little time to deal with a virtual portfolio - then we're in the same boat on this one!
If you are brand new to our site I seriously request that you don't "experiment" by following this live. You can paper trade too until you get the feel for managing these positions. For new Members, we have a "New Member’s Guide" which pretty much lays things out with these standard assignments:
- If you are new to options, read Sage’s Book
- Read 1 full month of my posts and all comments, you will get a good feel for the site, the kind of trades we do and also get to know a bit about the people in chat.
