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As promised, here, at length, is the actual track record of my personal "PSYCLE sm" Long Options ONLY account, from inception, Oct. 1990, to Sept. 1997

First, in tablular, over time periodic, format: If we just take 10/26/90, as "100", and, 9/30/97 as "847", the periodic values on these following dates, over time, it would read, on a chart/graph, from the lower left, to the upper right, thusly:
10/26/90....100 1/25/91....145 (up 45%) 2/12/91....184
4/25/91....121 5/5/91....148 6/26/91....114
6/27/91....167 8/5/91....206 9/24/91....156
10/1/91....224 10/18/91....242 10/25/91....180
11/14/91....268 11/29/91....185 12/30/91....291
1/6/92....345 3/4/92....411 5/19/92....442
8/11/92....277 12/19/92....240 3/11/93....333
2/15/94....354 3/23/94....454 4/26/94....345
6/6/94....421 8/11/94....329 then, nothing, no trades, till,
from 9/1/95....333 1/31/96....520 3/31/96....578
7/31/96....504 8/31/96....584 11/12/96....688

(an overall uptrend, from "100" at 10/90, to "688" at 11/12/96....dig ?) and, as of, 2/28/97, value up to 737, and, to 9/30/97, value up to 847, end.

therefore, on a graph, would show, from late 10/90 to late 9/97, my T.R. = 100 to 847, with, of course, occasional drawdowns along the way, as above....

Now, here is Jim Goodman's own personal "PSYCLE" options-only trading account's Track Record, and all net individual results, after transaction costs, from 11/90 started, to 6/94, then, plus addendums, to 9/97....when I stopped trading, to make plans to esatablish my valuable Newsletter and Booklets and Educational Timing services....

*** Huge DISCLAIMER *** While these were all real, actual trades (and they were the ONLY option trades I did in my own account during this time period), under NO circumstances are they to be construed as "all" the recommendations I have made, through any source, to any clients and/or prospects, through any medium, week by week, during this period.... Each person's financial and psychological situation differs, as will overall performance for each person's accounts.

*** NO future performance likelihoods are expressed nor implied herein, and past results may not be indicative of the future anyway ***

I hesitate to provide this information, because so many people might misinterpret and/or extrapolate/create unrealistic expectations therefrom, but I have had many requests for MY OWN (options only) account's actual track record (keep in mind, that straight call/put options trading is only suitable for certain instances and types of people and accounts, and have higher inherent volatility/risk....and that past/future performances will vary/ differ greatly, based on all sorts of elements for each person), but/so here are ALL my Option positions and trades, during the period above,from 10/90 to 9/97:

NOTE: each of these positions had roughly the SAME "unit" amount of money in it, with each purchase; here is everything I have done since then, in order:

Included, is one stock, ISY (amex) at long-term gain, from 11/90, till sold, of + 300 % + net (see below), $$$ proceeds of which are added to total values, thereafter, forward
(ALL the rest which follow below were straight CALLs options)
(ALL completed trade results INCLUDE all R.T. commissions)

date Bought, stock name, option, net % gain/loss, days held

11/1/90 BT. UnionCarb. apr/ 15s
11/24/90 BT. Gannett jan/ 30s,
11/30/90 sold Gannett net gain, +85.8% 6 days
12/5/90 BT. Reebok apr/ 10s
1/21/91 sold UnionCarb. net loss, -09.2% 81 days
1/22/91 BT. Whitman jun/ 20s
1/24/91 sold Reebok net gain, +26.9% 49 days
1/25/91 sold Whitman net gain, +26.5% 3 days
1/30/91 BT. Ford sep/ 30s
2/5/91 BT. ATT. jul/ 35s
2/6/91 sold Ford net gain, +48.1% 7 days
2/8/91 sold ATT net gain, +41.2% 3 days
3/5/91 BT. Allied Chem. sep/ 30s
3/27/91 BT. So Cal Ed. oct/ 40s
6/27/91 sold Allied net gain, +42.3% 112 days
7/1/91 BT. GTE dec/ 30s
8/5/91 sold So.Cal.Ed. net gain, +59.3% 129 days
8/16/91 BT. GTE dec/ 30s
8/29/91 BT. Murphy Oil feb/ 35s
10/1/91 BT. Lincoln Life jan/ 50s
10/15/91 BT. Brit. Pete. apr./ 75s
11/1/91 sold GTE net gain, +66.0% 75 days
11/1/91 sold Lincoln Life net gain, +102.0% 30 days
11/4/91 sold GTE net gain, +66.7% 78 days
11/14/91 BT. Clorox apr/ 40s
11/15/91 BT. Pepsi apr/ 30s
12/6/91 BT. Contl. Cp. may/ 25s
12/20/91 sold Pepsi net gain, +77.8% 35 days

note: on, 12/24/91, I w/d $$$ from this account, for my pension plan, to be added to final values totals, from here on, forward.

12/28/91 BT. Iowa Beef may/ 12 1/2s
12/28/91 sold Clorox net gain, +06.8% 44 days
1/3/92 BT. Consumers P. jun/ 17 1/2s
1/3/92 sold Murphy net loss, -47.2% 124 days
1/8/92 sold Contl. Cp. net gain, +76.1% 32 days
1/23/92 BT. Albertsons jun/ 40s
2/6/92 sold Albertsons net gain, +71.8% 14 days
3/4/92 sold Consumers P. net gain, +80.5% 61 days
3/11/92 BT. Hanson sep/ 20s
3/13/92 BT. Alex & Alex aug. 20s
3/27/92 sold Iowa Beef net gain, +99.0% 110 days
4/20/92 sold Brit. Pete. net loss, -100.0% 180 days
5/13/92 BT. Pacificorp nov/ 20s
5/15/92 BT. Humana nov/ 25s
6/1/92 BT. Sun Cp. nov/30s
6/2/92 sold Alex & Alex net loss, -29.0% 79 days
7/10/92 sold Humana net loss, -42.1% 55 days
8/4/92 BT. Great Western jan/ 17 1/2s
8/17/92 sold Pacificorp net gain, +11.7% 94 days
9/20/92 sold Hanson net loss, -100.0% 189 days
12/15/92 BT. Teledyne apr/ 17 1/2s
12/31/92 sold Great Western net loss, -58.3% 147 days

1/10/93 sold stock, Instrument Sys. net gain, +330.0% 790 day proceeds amount $ to be added to running value totals, forward

1/13/93 BT. GTE jun/ 35s
2/23/93 sold GTE net gain, +74.5% 40 days
3/12/93 sold Teledyne net gain, +90.0% 118 days
5/18/93 BT. Marion dec/ 17 1/2s
9/3/93 sold Marion net gain, +83.6% 75 days
10/8/93 BT. Woolworth feb/ 25s

10/20/93, w/d $$$ to buy a stock, $$$ NOT included here, for track record purposes, as with ISY stock previously, bringing total withdrawals since inception, to just under 100 % of my orig. investment, alone, all to be added to my total mkt. value, forward....

11/16/93 BT. Smithkline jun/ 30s
1/27/94 BT. Fruit O.T.Loom aug/ 25s
2/4/94 BT. Fleming aug./ 25s
2/24/94 sold Fruit OTL net gain, +72.1% 28 days
2/20/94 sold Woolworth net loss, -100% 132 days
2/24/94 BT. UJB bank jul/ 25s
3/23, and 5/19 sold 1/2 + 1/2 UJB's, net gain, +121.4% 29/85 days
6/3/94 sold Fleming net gain, +58.2% 118 days

end for this period....so far....31 completed trades to date.... results to mid-1993 were reveiwed by an independent CPA..... summary of overall results herein, to 6/94:

23 gains, averaging + 77.6 % each (17,854 % /23)

8 losses, averaging - 60.7 % each ( 4,858 % /8)

The overall raw net Gain in this portfolio during this period was (13,326% /32) = over + 275. %+ cumulative....again, NO future inferences can be made here.
RE: "number of days held"....there really is No one set rule (I try to sell at pre-determined, initial upside resistance, or after the bounce up, after a break below support), except that,
1) I tend to take "quick gift gains" quickly, and NOT get greedy,
2) since we ONLY buy long-term, near/in-the-money options, "time" does NOT hurt us quite as often as other less-successful option approaches, and,
3) I do not ever get "attached" to names, stories, fundamentals, issues, positions, nor am I am afraid to cut my losses and get better ideas, instead....of course,

"stocks" trading differs from "options" trading in many ways, including the "number of days held"....but, as you can see, while most of my clients' Stock trades were 3-9 months duration, most of my successful "Option" trades have tended to be held about 2 or 3 months, or less....by the way, many issues I traded above, I also bought for my valued clients at that time (I put my money where my mouth is/was) went higher still, after options expiration, indicative of the value of my "PSYCLE sm"....

You may "play" with the figures above, days held, etc., any way you wish; the three "expired" positions were rare occurances in my 20-year experience. I personally think I could have done (can do) even better, but all good traders feel this way....but perhaps I should be satisfied at creating an over 3 3/4 times in value gain (in long Calls) during this 3 1/2 year period, (and 6.7 X in 6 years, and 7.47 X in 7+ years, see below) in a market during which "the 95% masses" were mostly confused, negative, uptight, and unsure, about the "fundamentals".... well outperforming "the averages" over this unusual period....

Now, the main reasons why so few people have what it takes to create such results (which are, again, by NO means assured) are, in no particular order:

*they quit during occasional short-term rough periods
*they do not ADD more money after such occasional rough periods
*they quit prematurely, and do not stay with it long enough
*they let their "personal psychologicals" hinder PSYCLE potentials
*they let their past experiences affect future opportunities presented
*they do not diversify correctly, and do not avoid all emotion
*they let useless "external" news/fundamental items into their brain
*they harbor illogical, unfounded fears about reward and risk anyway
*they are unwilling or unable to work with a special concept/person
*they want to do everything themselves, when specialists exist
*they have little discipline nor a good trading plan in the first place
*they let "the way They feel" on certain days hinder their actions
*they don't know a good thing when presented many attractive ideas
*they do not Preset upside targets, nor downside stop-loss levels
*they tend to want everything, immediately, overnite, constantly
*they let their emotions adversly affect their decision-making
*they are "afraid" to ever trade the Down/Short side of things
*they refuse to acknowledge historical facts/patterns vs. hearsay
*they add their own inner (undue) pressures into the trading process
*they insist on expending tons of time and resources chasing inputs of little or no "DIrect Price Predictive Value" ("DPPV"), plus, they do not properly separate, fundamental/news items which are just interesting/nice to know", from items which will more directly help predict future price moves....

SO---there they are; all the completed trades in My own actual account, during this 42 months period (again, NO future inferences intended), and 60 months, to 11/96 .... again, each PSYCLE account performance will vary, for many reasons, but I will do my best to help you in both, your personal, and pension account needs, using the stream of ideas generated by my PSYCLE approach, during any period.

Some other notes of import: Even with my (so far) exceptional actual recent years' record, it took some unusual "non-bouncers" to create most losses, and, I missed selling Z., SBE, BN, SLE, in 1994, before they fell....I actually had sell orders in, but.... Oh, and, just for the record, because of my integrity, I have, and tried to do, to buy for myself, the same options I may put my clients into....but I have had to buy, and sell, AFTER they do, and I have to get WORSE prices than they do, if/when I sell the same day as my valued clients, whose interests come/came first.

Notice I created this performance using just, ONLY, big-name, NYSE companies.... NO need for "cheapies", Vancouver, nor "story/tip stocks"....also, if one had just bought all these as "stocks on margin", and not as options, one would have had much less risk, and would also have well outperformed many others....oh, and, just for the record, the most the DJIA rose during this period, was 33%, and the most the OTC index rose at any time, was about 60%, yet my PSYCLE herein, generated over +275% in net gains over this same period (to 6/94)....as I keep saying, one does NOT ever need to let "the market, news, politics, economics, fundamentals, interest rate, or foreign stuff" enter our B/S/H decisions....that is one of the keys, to trading success, but over 95% of all people don't believe this....Good....that leaves more great possibilities for "us", right ?

* note: see this next series of actual options trades, from 3/94+, follows:

this addendum, written, as of November 11, 1996, to now, to wit:

3/16/94 BT. Borden Oct/ 15s
3/25/94 BT. Sara Lee Oct/ 22 1/2s
9/15/94 sold BN calls net loss, -82.8 % 179 days
10/18/94 sold SLE calls net loss, -63.9 % 205 days

then, no trading at all, again, until later in 1995:

9/15/95 BT. Centocor Apr./ 10s
11/9/95 BT. Wheeling P. Apr./ 10s
12/15/95 sold CNTO calls net gain, +225.0% 90 days
1/24/96 sold WHX calls net gain, +84.8% 75 days

then, no trading at all, again, until later in 1996:

8/1/96 BT. Comcast jan./ 12 1/2s
9/16/96 sold CMCSA calls net gain, +59.4% 75 days
10/2/96 BT. Cyprus Mines apr./ 20s
10/18/96 BT. Amer. West Air apr./ 10s

so, updating all closed out trades only, totals now read:
26 option gains, 18,223 %/26 avg. + 70% each
10 option losses, 5,005 %/10 avg. - 50% each
for arithmetic avg. "result", on 36 completed trades, of + 36.7% each

as of close, Monday, 11/11/96, acct. had Cash, of + 370 %+ my original investment alone, plus long calls worth another 60 %, plus adding back all withdrawals (at zero interest after w/d), and track record, here, now up to +576 % + over this 6 full years, so far....(though I only traded during about 54 months during this period)

as comparison, from 10/90, to 11/96:

* the DJIA rose, from 2380 to 6200, a max. gain of + 160. %
* and the NASDAQ comp. rose from 330., to 1270., a max. gain of + 284. %
* and the S & P 500, rose, from 301. to 730, a max. gain of + 145. %
* and, the "avg." growth MF, rose +116 %

You are welcome to view the actual price charts of all stocks on which I traded long options, above, at those times, to learn the patterns, if you wish.... Now, continuing, here's what I did since mid-October, 1996:

11/18/96 sold Amer. West calls net gain + 74 % 40 days
11/27/96 sold Cyprus M. calls net gain + 57.6 % 55 days
2/12/97 BT. ASA ltd. aug./ 35s calls
2/13/97 sold ASA calls net gain + 56 % 1 day

such, that, as of end of Feb., 1997 (and still, in April '97), this options-only acct. begun Nov. 1990, and with no money added, had a cash balance, of 6 times my beginning balance, alone....adding total withdrawals made, gives total net worth up to about 7 1/2 times my original investment, for net gain of about + 637. % +, trading in only 58, of 75 months.... and, again, NO future performance inferences are made or implied here, and significant disclaimers continue to be advised....the DJIA almost hit 7,000. during this period, up from approx. 2,380 when began, for max. gain therein, of about + 194 %, before correcting to 6,300., while the OTC hit 1,400, for max. gain of about + 324 %, then corrected to 1,200., and the S & P 500, rose to about 800, for max. gain of about + 165 %, then corrected to 710. in April, '97.

so, updating since began, so far, with no future guarantees, have had:

29 closed gains, total + 18,411 %/29 = + 63.5 % avg. per gain, with

10 closed losses, total - 5,005 %/10 = -50.5 % avg. per loss

for arithmetic avg. "result" per completed trade, of + 34.3 % on 39 trades

as of April, 1997, then 100% in cash, no long options positions....we shall see.

my actual account results/performance, from 10/90, to 2/97, was also, then reviewed and approved by a different, independent CPA....again, wish I could infer the future, but I cannot....as I said, I just needed to "prove" that my "PSYCLE sm" method of doing things CAN work, even in choppy markets, over long periods of time, IF YOU STAY WITH THE APPROACH.

Addendum, to 9/97:

I only did one more completed options trade, via my "PSYCLE sm", to 9/97:

8/18/97: BT. calls TMD feb. 15s, and then, on
9/17/97: SOLD them, for a 100% gain, in about 30 days, such that, as of 9/97

this "PSYCLE sm" account of mine, was up + 747 % + after, now, 81 months (but only actually trading in 59 of those 81 months)....I stopped trading for a while, because I was looking forward to establishing my NL/educational services.... but that has taken longer, so have done no trading since 9/97 and will be investing money into this venture, to help many nice people like you.... J.G.

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