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| Who Is Ken Trester | Our
Track Record |
 The
Institute for Options Research, Inc Web Site is rich with resources
for serious options traders. Home of Ken Trester's Option Master, Put
and Call Tactician and The Complete Option Player. Free options trading
advice, information and newsletter service. We publish software, books,
video and audio home study courses and newsletters on stock, index and
commodity options. (From Ken Trester, nationally renowned options expert.)
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Ken Trester has been trading options since the first
exchanges opened in 1973. He's probably the nation's best -known options
advisor, and he also actively trades his own account.
In addition to writing The Complete
Option Report, he has written two books on options. The
Complete Option Player, now in its third edition, is among the best
selling options books ever.
As a computer science professor at Golden West College
in Huntington Beach, CA, Ken also taught a popular course on options trading.
In addition, he teaches a limited number of individuals through intensive
options seminars. Many former students have been very successful using
the strategies he espouses.
He has earned considerable respect as a financial advisor
and is a popular lecturer at investment gatherings throughout the United
States. He is also widely quoted in publications like Technical Analysis
of Stocks & Commodities, and Barrons.
Ken has an MBA and has worked as a stock broker and an
investment manager.
He developed an economical software program for
personal computers, OPTION MASTER®,
that allows small investors to easily determine an option's true theoretical
value.
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For the latest track record, please call
1-800-407-2422.
The theoretical track record for all Best
Buy options we've recommended in the The Complete Option Report during
the past eight years are presented in the table below.
Our total returns include approximate commission
costs using a deep discount broker (4% of amount invested).
| Year |
%
Trades |
Dollar
Profit |
%
Total Return |
| 1998 |
47 |
36,015 |
301 |
| 1997 |
48 |
42,227 |
352 |
| 1996 |
42 |
20,569 |
124 |
| 1995 |
50 |
44,432 |
261 |
| 1994 |
47 |
33,576 |
335 |
| 1993 |
29 |
12,253 |
86 |
| 1992 |
29 |
12,633 |
52 |
| 1991 |
40 |
43,589 |
167 |
| 1990 |
49 |
129,032 |
537 |
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% Trades is the percentage of
all recommendations that earned profit.
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Dollar Profit is the total amount
of money earned on our recommendations according to our track record,
listed below.
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% Total Return is the total
actual return of the portfolio.
Guidelines
For track record purposes we assume that
$1,000 was invested in each Best Buy position at the price published in
the newsletter, and all proceeds were reinvested in future recommendations.
So, at some point every year the initial investment was recovered and
subsequent investments were made form previous profits.
We also assume that half of each position
was sold if it reached its Target Sell Price. The remainder we assume
was sold halfway between the option's high price and expiration price,
unless we gave you specific instructions to sell a position in the newsletter
or on the HOTLINE. If an option did not reach its Target Price, we used
its average price during the final week before expiration. If actual price
data was not available we used price estimates.
Our track record is theoretical. We did
not invest actual money. As with any track record, you can not assume
that present or future recommendations will equal past performance.
Naturally, not every subscriber will match
our track record. One reason is that not every option can be bought at
the price we recommend. But you must never pay more than that price, as
that is your greatest chance for profit. If you pay more than our recommended
price, you are lowering your odds of success.
We also assume that half of each position
is sold if it reaches its Target Price, and the remainder is left to ride
waiting for a home run. Many traders fail to do this. Or they fail to
set trailing stops to protect their profits. Or they fail to listen to
the HOTLINE, on which we sometimes give you specific instructions to take
profits. These traders often end up giving back some, if not all, of their
gains.
Inertia is your greatest enemy in the options
game. You must be aggressive about taking and protecting your profits,
cutting your losses, and waiting for home runs.
-- Ken Trester
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