Just wanted to say a big thank you to you guys for what you do for retail traders specifically my self. I visit a lot of option trading websites and blogs and much of what is out there is garbage. Every opportunity I get I recommend Sheridan Mentoring. Oh and my returns this year have been fantastic. The 9 day calendar so far is 10 – 0 and already returned well over 100%. This is a tribute to you and the Sheridan Mentoring program. Thanks again guys!!
Your training classes have made an incredible difference in my trading results!
I started doing high probability credit spreads back in 2009. My goal was to maximize profit which meant I was usually in the trade until expiration. This approach works great until things go bad and then it can wipe out all of your profits for the year and more.
Last year I caught one of Dan’s webinars at Optionshouse where he talked about treating trading like a business and setting realistic entries and exits that give you good risk / reward but minimize your time in the trade. This was a revelation for me. I have truly enjoyed all of the the classes I have taken from you guys and I’m excited to say that last year was my best year ever and this year is on track to top that!
I just wanted to write to say thanks for all the advice during my mentoring and afterwards. This year was my best year ever. I still have a lot of work to do as I only made 16%. I didn’t manage the early part of the year very well, but I stuck to the plan and fought my way back. My first year after mentoring was my worst as I was doing a lot of trading jujitsu, constantly changing my strategy. I tried to trade like a 5th grader in 2014: put on a butterfly (Mango) when the vols were high and put on a double diagonal when the vols were low. Stuck with RUT and SPX. I really like those two trades, especially with the little tweaks I am adding after backtesting 2014 again. I feel confident to increase my size a little now and will be adding a couple no touch trades. Thanks again for all you do. This stuff makes grad school a lot more interesting (and its already pretty interesting)…
Learning from Dan, as well as all of the teachers at Sheridan Mentoring, has completely changed my life. I can finally see the artistry regarding manipulating these option positions. Dan has helped me understand that each person’s trading style can be as unique as their fingerprints and risk management is everything.
It’s amazing how a person starts to get a feel for the Weekly Calendar trade after doing it over and over. After hours and hours of back testing this particular strategy, I can see how someone can really begin to get an extra sense for trading them. I guess, at the end of the day, all of the rules and guidelines are just there to keep a trader in the game, until they develop an intuition for it. While I was backtesting in the ONE software, I got so hung up on a few particular dates (5/7/14 and 5/14/14). Regardless of how I adjusted, nothing seemed to get me out of those particular Calendar trades alive. I got so hung up on those two trades, I must have spent all day trying to make them either turn a profit or not destroy me. I finally came to the realization that there is no cookie cutter way to trade Weekly Calendars. It occurred to me that cutting Deltas or adding Calendars does not always equal a profitable trade. Sometimes, no move is the best move, and it’s the experience that let’s you know…I feel like we can study and memorize rules & guidelines until we turn blue in the face, but like you always say, it’s the practical trading experience that pulls it all together. I appreciate Dan taking the time to read and respond to my emails. I have learned so much from Dan, as well as the other teachers and students. I know that I have said it before, but It really is a privilege to be a part of the community, as well as to learn and share my option trading experiences.
Out of all the training programs that I have purchased to learn how to trade (about a dozen), I can say that Dan Sheridan’s mentoring has been the only program in which I got a great return on my investment. Dan Sheridan delivered more than I expected. Not only do you learn from a Master with over 20 years actual trading expertise, but you join a community of hundreds of active traders that support each other, and share their experiences of real trading in today’s fluid markets. This program is all that it is advertised to be, and much more!
I joined Sheridan mentoring less than a year ago. Classes and 1-to-1 mentoring has been wonderful. I already have made way more than I paid for the full mentoring sessions. Teaching has been excellent. I do recommend it without any hesitation.
I have been a student for six years. As in any learning experience you benefit in direct proportion to the effort put into the process. Sheridan Mentoring makes is easy to access not only current option trading strategies and thinking but also the historical. Referencing the enormous library of previously recorded webinars has enabled me to enhance my understanding of option trading and how this trading can be integrated into my total program of investing. The time I have spent participating in the online experience and studying the library of recording has simply made me a better investor and I would recommend the Sheridan experience to anyone interested in their financial future.