Welcome to My Trading Licks review. Weird name, right?
My Trading Licks is an options trading alerts service that is owned and run by Mike DiBari. He is an experienced trader that lives in the North East of the US.
Disclosure: There are some affiliate links below, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used. I may get paid a commission if you buy anything through these links, at no extra cost to you.
Who Exactly Is Mike DiBari and Why Should We Trust Him?
Mike DiBari started trading stocks back in 2010. He started out as a day trader and then started holding stocks for longer than a day – swing trading.
He is a professional musician as well as a pro trader. An unusual combination for sure!
It is unusual that musicians become interested in the financial markets. The two arena’s are usually populated by quite opposite personality types…
Side Note: Ben Sturgill runs an awesome SPY Options Alerts program called Daily Deposits. His track record is amazing! Check out his FREE STARTER PACK to learn SPY OPTION TRADING!
Facebook Group
I run a thriving Facebook group called How To Make Money Trading Stock Alerts that brings together people that use stock alerts services. It’s a great place to share what works and what doesn’t! We welcome anyone (with a positive attitude!) and it is FREE to join.
How Does My Trading Licks Trade?
Mike’s strategy is to trade the SP500. He only makes 1-2 trades a month.
Yup, only a couple of trades every few weeks.
His poison of choice is SPY options…..not something I have ever traded. Sometimes he trades them quickly and other times he holds them for weeks.
The SPY is an exchange-traded fund (ETF) that tracks the performance of the S&P 500. An ETF is a marketable security that acts like an index fund but is tradable like a common stock on a stock exchange. You can read more about SPY options here.
The best companies are represented on the SPY and month options are very liquid.
Mike focuses on volume. This is something that I was always taught to do – volume precedes price.
So many traders ignore this crucial aspect of technical analysis.
Mike DiBari doesn’t even use PRICE! He has developed his own technical indicator called the Total Volume Oscillator (TVO). That is how hardcore this guy is!
He loves trading options because of the leverage that they offer.
Side Note: Ben Sturgill runs an awesome SPY Options Alerts program called Daily Deposits. His track record is amazing! Check out his FREE STARTER PACK to learn SPY OPTION TRADING!
Mike DiBari Total Volume Oscillator
Mike decided that he would prioritize volume over price action. He says that his models have shown that unusual trading volume is a more reliable indicator than any conventional technical price pattern.
The cool thing about volume as an indicator is that it is much more difficult to manipulate. It can be the best way to really predict what is and will happen with a stock’s price.
Mike started this whole strategy by keeping a log of volume at the end of trading days. He realized that the volume patterns appeared a certain way right before a big move in the price – often being a much better indicator of future price movement than the PRICE PATTERN!
It seemed to shock him that just looking at volume alone could be so accurate. He used excel spreadsheets to keep track of the volume of shares traded.
I agree with Mike about the importance of volume. Volume can tell you if big institutions are buying/selling and if a stock is being accumulated.
My Trading Licks Review: Results
Mike DiBari’s track record can be found here.
It is a pretty impressive track record – but not outside of what I know it possible from my own experiences. An average of 40% a year over a 6 year period is impressive.
The winning trades are about 65% of the total trades taken according to Mike. Because the system uses options, the winning trades often net 100% profits.
How Do The Signals Work?
As is typical with most of these alert sites, signals are sent via email and SMS when Mike buys/sell. The same information is available in the members area of the site along with notes about the trades etc.
My Trading Licks Review: Conclusions
Mike is clearly an intelligent and expert trader. His volume oscillator sounds genius, although I haven’t been able to verify how it works.
I think that if you want to trade options, Mike may well be the guy to follow.
However, he is not the only options trading guru that I follow. There are a few more experts that are excellent at finding the best options trades that make 100% profit per trade!
My top recommendation for learning to trade options and alerts is a guy called Jeff Bishop. You can learn his awesome options trading strategy from this FREE WEBINAR. He offers one of the best value for money options alerts services that I have ever seen!
Worth checking it out…..
Jeff alerts his BEST options trade once a week. That is all it takes to make massive profits trading options.
The price is ridiculously low!
Good Luck!
Russell
My Trading Licks Review: Related Articles
Options Trading with Jeff Bishop
Kyle Dennis’s Dollar Ace Options Strategy
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