Meet Your Mentor: Andrew Falde
After competing in the Options Trading Competition, Andrew earned a seat on the SMB Options Trading desk. Since joining the trading desk, he has maintained one of the highest annual % returns and risk-adjusted returns.
Andrew specializes in rule-based options systems in broad based indexes and commodities markets.
He advises and manages accounts for investors, prop firms, and funds.
As an SMB Mentor and contributor to the SMB Options Tribe, Andrew enjoys the opportunity to meet, train, and collaborate with options traders around the world.
Andrew is a Registered Investment Advisor and author of Skip the Dip.
Who will review the daily mentoring journals?
Andrew Falde, a top options trader on the SMB Options Trading desk, will be your mentor and will read and personally respond to your journal throughout the training. This makes the training more interactive and personalized to your situation.
What strategies will I learn?
You will be introduced to strategies that fit your skills, style, and available capital. These are strategies which have positive expectancy. The goal in the training is to show you how to evaluate these strategies and combine them for an effective risk-adjusted portfolio. Depending on what you already trade, you may be introduced to directional options strategies, market neutral income, or both. If you are an active trader, you may learn about break out trades and earnings trades. If you are part time and looking for income, you will learn income trades, credit spreads, butterfly strategies, and more. While these are very valuable, it's the skills you will learn to systematically prove (or disprove) their edge that will equip you to be an effective options portfolio manager for the rest of your career.
When does the six week training start?
It's available right now. Six weeks is the recommended schedule (5 days per week, about 60 minutes per day, for six weeks), but it's on-demand and you have lifetime access, so you can go at your own pace.
What other software do I need?
We recommend OptionNET Explorer (about $63 /month), or OptionVUE is fine if you already have that ($99.99 /mo). Either platform will allow you to evaluate your strategies and build your portfolio of options trades on stocks, indexes, futures, and ETFs. Other platforms for back testing will not be adequate enough for this training.
Can I develop an options portfolio for a small account?
Yes, there are strategies you can put together and trade with as little as $5,000 to $10,000.