Bill Stacy?

[OneDayWealth]

Ok then Bill, if you wont post your live trades how about this:

Give one member here your course for free and see if they can emulate your 'results'

This thread is not going to go away until you either prove you can do what you say (which you have not done, all talk no action so far), or you simply stop responding.

Why don't you give your course away for free? I have proven myself dozens if not hundreds of times already. You are choosing not to see it and AGAIN with the doctoring accusations! You are sailing really close - STOP IT!!!

All talk and no action? What the hell are you talking about? If you can not see the truth right in front of you then I feel sorry for you. I am ONLY here to defend myself against lies and false allegations and slanderous comments and insinuations. If someopne wants to ask me a sensible (respectful) question I will respond.

 

[OneDayWealth]

Could you please answer post 190 as i am still confused on the actual sincerity of your prescense here

Thanks in advance

I've answered that about 6 times already. Read the posts.

 

[nunthewiser]

EVER [/B]take my advice and close a trade early when it showed some profit or were you like 90% of the complainers and do none of what I kept screaming for everyone to do and that was to close trades early as soon as they have reached an "acceptable" profit? I bet not.


Was I not always telling you to close your trades when a reasonable amount of profit was available?



.

That is what you said

I even go so far as to suggest that unless a trade takes off immediately (or within 10 minutes) you should exit. I also suggest that you let all profits run (as usual) to help build as much of a buffer as possible. .

Maaaaate .... that vomit is sure Contradictory.

I am getting more confused by the minute.

 

[Trembling Hand]

Not sure. Never measured the average loss. I don't collect and analyse everyone's trades. I have better things to do with my time.

Win/loss rates only apply and are relevant when the losses and wins are all the exact same amount. By that I mean that every win is the same size and every loss is the same size. Profits and losses vary wildly depending on the discipline of the trade (as I'm sure you know).

OMG! Are you kidding me? You don't know what margin is and now you come up with this rubbish.

I prefer that people take no more than 10% loss ever and to pull out no matter what you think a trade is going to do if you have lost 15% or more. I know that's much shorter than most option strategies but there is no way a 30% loss (what FFI and many others teach) could be used with this method.

What 15% of capital or 15% of margin. Whats the position sizing model you are teaching?

I even go so far as to suggest that unless a trade takes off immediately (or within 10 minutes) you should exit.

and with ASX option your going to be churning the hell out of your account paying expensive brokerage and getting stung BIG TIME on the spread. You're really not serious are you?

I also suggest that you let all profits run (as usual) to help build as much of a buffer as possible. The best way to trade is not with saved or borrowed money but with profits so I suggest no profits be taken (spent) until you have a buffer of at least the max preferred loss and preferably a full doubled bank and then only trade the ASX money and put your own away back in the bank.

Oh god I can hardly be bothered..... anyone else

 

[OneDayWealth]

That is what you said



Maaaaate .... that vomit is sure Contradictory.

I am getting more confused by the minute.

In the first quote I'm talking about Put Spreads and the last one I'm talking about Day Trading Options. Two completely different strategies.

Context. Don't try to trip me up. There is nothing to trip up on. My truth shall stand all your scrutiny because it's the truth.

 

[sails]

... My truth shall stand all your scrutiny because it's the truth.

Bill, without posting live trades to back up your claims, you are asking people just to trust you which is not going to happen with so many shonks around.

And hindsight trades won't cut the mustard as it is too easy to pick which ones to leave out.

What have you got to lose by posting live trades?

 

[nunthewiser]

Context. Don't try to trip me up. There is nothing to trip up on. My truth shall stand all your scrutiny because it's the truth.

According to you ONLY.

not that you have any financial incentive in bleating that your above board and merely the victim here

Still no Proof been shown other than questionablehindsight statements so far.

anyhoo bollocks to it .bored now and frankly bored with arguing with yet another dime a dozen salesman that maybe selling nothing but a story to the uninformed

have a great day

 

[OneDayWealth]

OMG! Are you kidding me? You don't know what margin is and now you come up with this rubbish.

OMG are YOU kidding ME?!

How can you compare apples to oranges? If one loss is $10 and the next loss is $500 and one win is $1,000 and the next win is $2,000 how can you possibly compare one loss with another. The ratio is 50:50 (two wins and two losses) but the results could not possibly ever be compared.

What 15% of capital or 15% of margin. Whats the position sizing model you are teaching?

There is no margin when you buy a straight option. I'll get you a link to the ASX booklet. It might help explain it to you in a way that you understand. I buy with cash. I own the entire option.

and with ASX option your going to be churning the hell out of your account paying expensive brokerage and getting stung BIG TIME on the spread. You're really not serious are you?

I don't give a rat's how much brokerage I pay. The only thing I'm interested in is making money. As soon as I make $2,000 (after brokerage) I could care if the brokerage is $1.00 or $1,000. I just made $2,000 and that's all I care about.

Oh god I can hardly be bothered..... anyone else

What now?! You don't advise letting profits run? Or is it that you don't believe options change in value during the day? Which fact don't you believe?

 

[OneDayWealth]

Bill, without posting live trades to back up your claims, you are asking people just to trust you which is not going to happen with so many shonks around.

And hindsight trades won't cut the mustard as it is too easy to pick which ones to leave out.

What have you got to lose by posting live trades?

That's cool. Again, I'm not interested in selling a course here just defending myself against stupid defaming and slanderous comments and besides, I've posted heaps of real trades.

Again, there are REAL trades (NOT just a few hindsight trades which are used to illustrate the power and movement of daily option prices). I have posted real live trades heaps of times and they have been up on my forum for all to see for years (I did them for real, really, truthfully, I swear on my dead fathers grave!) that prove all my points.

I already answered why I can not post real trades while I'm doing them and even if I did I'm SURE one of you guys would find something stupid to say about it or it won't be enough "anyone can pull one flukey trade off - let's see you do another one". Then when I do another one it would be called a "lucky streak" and then when I post a whole weeks worth it'll be claimed as a lucky run and then when I post all year I'll get "you're a freak - no one else can trade like you" or my favourite lame saying "anytone can make a profit in this market"...and it goes on...and on...and on. Been there done that.

There is a very simple way to prove that day trading options works...take a look at them moving during the day and take out your calculator. It's like you are asking me to prove that trading shares/stocks works. Of course it does! What's to prove?

 

[Trembling Hand]

Bill you are the least knowledgeable "trader" in this whole thread.

You are clueless about basic expectancy, margin, position sizing, cost of instruments to trade, risk, money management & trading metrics.

Do you mind if I join your program and document it all live on my blog?

 

[GumbyLearner]

anyhoo bollocks to it .bored now and frankly bored with arguing with yet another dime a dozen salesman

I agree nun.

Plenty of shonks out there. I like the response of a highly successful millionaire in the book - The Millionaire Next Door: The Surprising Secret's of Americas Weathy by Dr.Stanley & Dr. Danko

You know the guy who got so sick and tired of being cold-canvassed by Financial Planners, Brokers & Hedge Funds et al. That he would request evidence of their returns for the last 5 financial years, and if they made better returns than he was able he was more than happy to do business with them.

Not one was willing to "put-up" the bonafides of their returns.

Although a little outdated a fascinating read and certainly contains many facts about how people can succeed. Also, details a lot of myths about wealth accumulation and who the real rich are. Frugal hard workers generally.

Here's an excerpt

http://www.powells.com/biblio?show=TRADE PAPER:USED:9780671015206:4.95&page=excerpt

 

[builder2818]

I agree nun.

Plenty of shonks out there. I like the response of a highly successful millionaire in the book - The Millionaire Next Door: The Surprising Secret's of Americas Weathy by Dr.Stanley & Dr. Danko

You know the guy who got so sick and tired of being cold-canvassed by Financial Planners, Brokers & Hedge Funds et al. That he would request evidence of their returns for the last 5 financial years, and if they made better returns than he was able he was more than happy to do business with them.

Not one was willing to "put-up" the bonafides of their returns.

Although a little outdated a fascinating read and certainly contains many facts about how people can succeed. Also, details a lot of myths about wealth accumulation and who the real rich are. Frugal hard workers generally.

Here's an excerpt

http://www.powells.com/biblio?show=TRADE PAPER:USED:9780671015206:4.95&page=excerpt

Just downloaded it, thanks for posting about it....sounds like a good book to read.

 

[OneDayWealth]

Bill you are the least knowledgeable "trader" in this whole thread.

You are clueless about basic expectancy, margin, position sizing, cost of instruments to trade, risk, money management & trading metrics.

Do you mind if I join your program and document it all live on my blog?

Yeah well, you're looking real good right now too. Ho cares about all the stuff I don't know? I'm the one making money so you study and make sure you know all the terms that are useless to me as an options day trader and I'll just keep doing what I do. I can guarantee you there are millions of others things I don't know either. We could sit here and list millions of things I don't know but there is one thing I do know and that's exactly how to day trade options and I've been doing it for years.

Hang on, let me see if I got this right. You abuse me and then you want my course for free? Stylish. lol.

If you buy the course I will sell it to you and you can post anything you like. It's a free country - as long as it's true - but something tells me you would not pay me anything just to spend a year proving me wrong (which you never will - options move in price - done, proven).

 

[prawn_86]

Do you mind if I join your program and document it all live on my blog?

Now that i would like to see!

You might just cut off his main income source by exposing him however TH

 

[Trembling Hand]

Yeah well, you're looking real good right now too. Ho cares about all the stuff I don't know? I'm the one making money so you study and make sure you know all the terms that are useless to me as an options day trader and I'll just keep doing what I do. I can guarantee you there are millions of others things I don't know either. We could sit here and list millions of things I don't know but there is one thing I do know and that's exactly how to day trade options and I've been doing it for years.

Hang on, let me see if I got this right. You abuse me and then you want my course for free? Stylish. lol.

If you buy the course I will sell it to you and you can post anything you like. It's a free country - as long as it's true - but something tells me you would not pay me anything just to spend a year proving me wrong (which you never will - options move in price - done, proven).

You are a dangerous fool. FFS!! You cannot even tell me how much of the $20,000 capital I should lose on a bad trade to survive to live the dream that your selling? Why cannot you even post the MOST basic of money management guide lines?

 

[OneDayWealth]

Now that i would like to see!

You might just cut off his main income source by exposing him however TH

Seriously dude. You have no idea what you are talking about.

Expose? Expose what?! Don't you believe that options exist? Don't you believe that option prices move? Which part of reality is escaping you? Give it a break man! You have nothing, you say nothing you add nothing. You destroy and cut down and you are the worst type of poster I can imagine. One who adds nothing yet tears down everyone. I've dealt with heaps of people like you. You aren't worth dealing with.

Edited to remove (deserved) personal abuse.

 

[OneDayWealth]

You are a dangerous fool. FFS!! You cannot even tell me how much of the $20,000 capital I should lose on a bad trade to survive to live the dream that your selling? Why cannot you even post the MOST basic of money management guide lines?

No, I'm not a fool. Not in this context anyway.

I answered your question several posts ago.

 

[Trembling Hand]

I asked this

What 15% of capital or 15% of margin. Whats the position sizing model you are teaching?

You gave me this rubbish, Just LOL clueless rubbish!!

There is no margin when you buy a straight option. I'll get you a link to the ASX booklet. It might help explain it to you in a way that you understand. I buy with cash. I own the entire option.

http://www.asx.com.au/opc/OpcStart


But one bad point at a time,


HOW MUCH MAX DO YOU TELL YOUR CLIENTS IS A MAX LOSS ON THEIR $20,000 to live the dream per trade???????????????????????????????????????????????????

 

[OneDayWealth]

I asked thisYou gave me this rubbish, Just LOL clueless rubbish!!

http://www.asx.com.au/opc/OpcStart


But one bad point at a time,

HOW MUCH MAX DO YOU TELL YOUR CLIENTS IS A MAX LOSS ON THEIR $20,000 to live the dream per trade???????????????????????????????????????????????????

Don't call me clueless, idiot! You guys are sooo brave behind your keyboards. I bet not one of you would ever speak to me like this to my face.

If you're not going to read my responses then what's the point? Or should I add a million question marks as well...lol

That picture you spent so much time preparing means nothing. Ther is NO marging when you buy an option outright. How else can I explain it so you will understand. Yes there is a margin calculator for when you need to calculate margins. NONE of which is revelant to day trading options.

 

[IFocus]

Yeah well, you're looking real good right now too. Ho cares about all the stuff I don't know? I'm the one making money so you study and make sure you know all the terms that are useless to me as an options day trader and I'll just keep doing what I do. I can guarantee you there are millions of others things I don't know either. We could sit here and list millions of things I don't know but there is one thing I do know and that's exactly how to day trade options and I've been doing it for years.

Hang on, let me see if I got this right. You abuse me and then you want my course for free? Stylish. lol.

If you buy the course I will sell it to you and you can post anything you like. It's a free country - as long as it's true - but something tells me you would not pay me anything just to spend a year proving me wrong (which you never will - options move in price - done, proven).

Interesting, you have been trading 6 years and you are charging people thousands of $ for courses and don't understand or know the basics that TH mentioned fascinating.

Suggest you could Google up "risk of ruin" as a starting point.