21st Century Investor

[derty]

coincidence? Not at all. I didn't drill right down into it but if you place you cursor over the 'about us' button it has both Aussie Robber and Jamie McIntyre.
http://www.21stcenturylifestyletrader.com.au/index.htm

This little excerpt was particularly alarming:

Need help raising funds to invest or to enrol into the 21st Century Lifestyle Trader course. How does a $40,000 unsecured loan sound? Consider it done! We’ve arranged for 21st Century Finance to do whatever they can to get you up to $40,000 unsecured or $80,000 secured. Visit www.21stCenturyPersonalLoans.com.au to
apply now and phone 1800 444 710 . Plus they can arrange margin loans as well as property & personal loans.**

These guys are insidious.

 

[wayneL]

Yes - short strikes on the wings. Sometimes entered as long flies to start, then buying a further OTM IC later. When completed with the IC, it's synthetically the same as short flies -......
......I have found ex-market maker Michael Catolico's (various Yahoo groups) adjustment ideas interesting as he adjusts as the markets move. I prefer this idea to trying to "guess" where the market might go next and this has had an influence in working with some of the above techniques.

Only switched to flies due to heavily increased IV levels and didn't want such high vega exposure on the calendars in the event IV should fall significantly.

Very interesting sails. (***fires up Hoadley to have a play)

I'll have to look up this Michael Catolico.

Thanks for that.

 

[wayneL]

coincidence? Not at all. I didn't drill right down into it but if you place you cursor over the 'about us' button it has both Aussie Robber and Jamie McIntyre.
http://www.21stcenturylifestyletrader.com.au/index.htm

This little excerpt was particularly alarming:


These guys are insidious.

Yes, I can think of a number of other adjectives to add to that... mostly words not to be used in polite company.

 

[sails]

Very interesting sails. (***fires up Hoadley to have a play)

I'll have to look up this Michael Catolico.

Thanks for that.

You might be interested in the 24 page PDF file called "Adjustments" in both Yahoo BWBs & Collars and the Option Club files sections. It's quite interesting - includes a some basic info and includes his "Decision Tree" which starts out with a long call and lists the various adjustments he would make as the market moves. It's his style and probably doesn't suit everyone.

On occasions he also works some trades in real time. Some of those can be found here, http://groups.google.com/group/bwfly however, one has to get used to Michael typing everything in lower case. But when he is so willing to share his knowledge freely, no one seems to complain. AKA "karensoich" in some of his posts.

Michael is an active trader so his style has to be different to mine where I attempt to manage my US trades in the last hour or so of their trading day (5am-6am here) plus the use of alerts. But I really like the concept of adjusting to lock in profits or re-setting the position cheaply to give the trade a better chance of making something even when wrong.

As he sometimes reminds us that MMs have to take the opposite side of our trades - so they don't just use "strategies" as we have been taught to think. It is their job to manage risk by controlling the greeks. So, it doesn't worry me that I initiate my trades differently to Michael, but have found implementing some of his concepts helpful in managing the position/s certainly thought provoking.

Anyway, just food for thought

 

[Mountain Woman]

Sounds like trash to me, if only it was that easy you could just follow free ASX co announcements for capital raisings and the like. If this strategy had a reasonable chance of establishing a profitable track record I'd say it would only be in a bull market. Watch out for the conditions too if you're crazy enough to fork out money for this. Will be good to see who is behind the site:

Hi Guys,

A Friend bought the program and is seriously annoyed with it!!

Some amazing promises when you go to the the spiel,
in reality not as easy to achieve the results they predict!!

Anyone out there got any info on Aussie Rob lifetstyle trader program??
looking for info re: IS it a scam??? Help me if you know, please!!

Cheers
Mountain Woman

 

[professor_frink]

Hi Guys,

A Friend bought the program and is seriously annoyed with it!!

Some amazing promises when you go to the the spiel,
in reality not as easy to achieve the results they predict!!

Anyone out there got any info on Aussie Rob lifetstyle trader program??
looking for info re: IS it a scam??? Help me if you know, please!!

Cheers
Mountain Woman

we have a thread on lifestyle trader if you would like to have a read through

https://www.aussiestockforums.com/forums/showthread.php?t=7517

hope it helps

 

[reg101]

we have a thread on lifestyle trader if you would like to have a read through

https://www.aussiestockforums.com/forums/showthread.php?t=7517

hope it helps

Sadly that page comes up blank now :-( ... Any other pertinent links?