Lol, you are indeed a gun trader if you can do this.
Let me get this right:
You can make $8k minimum in a month using $20k (using regular T margin, as $20k would not qualify you for other margin accounts esp. Oz options) - that is a 40% return per month
This means your students can achieve returns akin to Professional Prop firm traders utilising risk based margin accounts!!
Where do I sign??
I know, sounds insane but it's true. Not only that but my recent results (this year) indicate that much higher returns are possible. I consider myself a pretty agricultural trader at best.
I've said this often...
I get on too late
I get off too early
I pay too much and
I sell too cheap.
If you can do better than me (e.g. you're a really good chartist) you will do MUCH better than me. The power of options still astounds me. I actually believe that a good technical trader can return 40%+ per week - not per month but I'm forced to be sensible in my marketing due to my AFSL licensee so all I claim is that you should be bale to make $2,000-$4,000 per $20k and believe me from what I have seen over the last five years that is very conservative.
Glad you're being honest with us. But I have yet to find an honest wealth creation spruiker. Therefore, anyone, before you pay thousands of dollars to a salesman for his 'education', your question to them should be
''how much will I make back in a year, 5 years, 10 years by following your course''. - If they can't answer, walk away.
Then ask them to give you an underwritten, legal guarantee. - If they won't, walk away.
That's how I've dealt with spruikers before and it worked.
regards
I'm glad you can appreciate my honesty Cam. I'm not a salesman. I'm a trader sharing what I do. For that I charge a fee equal to a conservative 1 month of returns based on a **** month (to be frank). A true "salesman could sell something they didn't believe in - I never could.
As to how much you will make back in 5 years or 10 years...lol...I have absolutely no idea. I can't control you actions or what risks you will take any more than a driving instructor can guarantee that you will never have a crash after he has taught you to drive.
If you want a guarantee I suggest you buy a toaster. I make no guarantees other than I guarantee to share everything I know with you. Here's how guarantees work with trading educators (and I've been behind the scenes of some pretty big names in the industry). What they do is they pack so much crap and useless information into their courses so that no reasonable human would ever be able to master it all. They do this for two main reasons.
1) So that you feel dumb because you don't know it all - so dumb that you will never ask for a refund because you'll feel that within yourself you have not mastered all the dozens of different strategies that have piled onto you so you won't feel "right" in asking for a refund.
2) Their Lawyers have insisted that they put enough information into their courses so that no one will ever sue them due to lack of content causing actual loss.
I am the exact opposite. I don't offer any refunds at all so I don't have that fear. My job is not to protect myself but to deliver a result to you. I am of the opinion that the best and biggest result will come from keeping things as simple as possible so that you can get the best results as fast as possible. I explain that trading is risky at the best of times due to the two main types of risks.
General market risk and Specific Market Risk.
General market risk is when you have done everything right and have done all your research and made a good trading decision and everything is lined up for a profit...and someone flies a plan into a building and the market tanks (presuming you weren't in Puts at the time) and you lose money.
Specific Market Risk is when you make the wrong specific choice of trade and lose money.
There are other types of risk as well. Namely, educational risk which is when you are trying to trade without knowing what you are doing or being aware of all the reasonable risks. Attitude risk where you don't really care what happens and you treat trading like gambling on black or red. There is fear risk where you are so scared of the market have such little faith in your trading method that you cut your profits short and let your losses run and so soon blow up your account. There is sizing risk where you get the trade right but you under-power your trade sapping it of the ability to produce for you or forcing you to wait far too long (much longer than is reasonable to expect) for your trade to return unrealistic and uncommon profits. For example you place a tiny amount on a trade and need it to profit 200% before you make enough money to make the exercise worth while as opposed to sizing it according to the average return.
What I mean by this is that while I was creating and researching what an average option was moving on the average day I found there where very few 100% returns on options daily (about 2 or 3 per year from my experience). Not many 50% returns (maybe 1 or 2 per month - if you're lucky enough to catch them). A few more 20-25% trades (maybe 1 a week or fortnight) but what I saw almost every day was a 5-10% move in most at or in the money options (I prefer to trade in the money).
Once I had established that I then needed to decide how much power I was going to give each trade. Obviously 1 or 2k wasn't enough. I tried placing trades all the way from 5k to 10, 20, 50 even 100k and found that the best "stealthiest" size to make use of the average rise in value was around 20k.
This was both affordable and useful. How many times have you seen an option move from $1.00 to $1.10? or 50c-55c, or 80c-88c, or $2.00-$2.20 or $3.00-$3.30? All the time right? Well with $20k on a trade you can easily buy and sell and make $1,000 - $2,000 per successful trade. If you can grab 3 or 4 of those that's $6,000-$7,000 a week. Minus a few losses and you have the makings of a simple strategy that can deliver $2,000-$5,000 a week (easily!).
I then compound those returns and soon I'm trading with a $30,000-$40,000 bank. As soon as you reach $40,000 you can bank $20,000 and start trading with profit only in what I call the "Risk Free Zone".
Now this might sound like a lot of money to you but how many people do you know who pay $20,000 for a ****ty Commodore, or even worse a Subaru! How much money does that make them? Will that car return them a wage? Obviously not. So you see that even though $20,000 might seem like a lot of money to some people it's not really and it's a hell cheap cost for your freedom.
I keep things simple by trading less than half a dozen stocks and I only chose one at a time and use really simple (basically new high and new low with confirmation) breakout patterns for entry and simple exit candles (on the wrong side of a tried and tested simple moving average) for an exit signal and I have a surprisingly simple and yet really effective trading "method" that not only works well but works astonishingly well. No more overnight trades, all the money in the bank every night and really simple to learn.
I don't need to offer guarantees because my method works and can be understood by even the most simpleton of brand new traders. Coupled with a simple spreadsheet that I developed to tell you exactly how much profit (or loss) you have made at every half cent increment in option value and a simple layout regime for my charts and presto...mucho free-o Australianas.
You see, I don't mind if you want to label me as a Spruiker. The fact is that all I am doing is sharing what I know with anyone who wants to know it. I don;t care if you buy my stuff or not because I have plenty of people who do and all those ordinary people want is freedom from their job and the **** feeling they have when they have to keep going back there morning after morning for a miserable wage. I am offering them hope and they are snatching it up in droves and every single person who has bought in and seen the way I present my method and show exactly step by step how to do it has had nothing but praise which means I must be doing something right. Right?
Listen, I'm just a ex welder **** kicker high school drop out with some IT skills and I'm using them to share my knowledge with others. I've been in the wealth game long enough to know that the people you describe exist and I wish they didn't. Some charge access to the seminar supermarkets where all they do is present the hint of a strategy and then ask you to keep buying and buying and buying the more and more and more advanced courses until you just get sick of them and quit.
I on the other hand decided to be different and offer everything you will ever need to know straight off the bat and I can tell you I am copping my fair share of grief from the industry for doing so. I have been shunned by nearly ever corner of the "wealth industry" for showing way too much up front. I don't care. All I care is that you succeed using my method and are happy enough to come and hang out with me at the after party. I don't want enemies or people complaining or any of that bad ****. I just want to finally give us what we've always wanted. A strategy that is easy to follow, works and actually makes heaps of profit and I'm confident that's exactly what I deliver.
Like I said, I know what you mean but I'm different. Way different! In fact I'm going to go as far as to presume that I am still one of us. A real trader ( I trade almost every day using the exact same technique that I share with all my clients) teaching traders to trade in a way that actually (surprise surprise) works!