Bill Stacy?

[OneDayWealth]

Oh dear again... you didn't have to make it clear. It's all in the context. "Margins" in the context of options has nothing to do with borrowing money in a "Margin Loan"...

Context is required in many instances of the english langauge. If you say I have just tied a bow, you don't then have to clarify that you are not talking about the bow of a boat or that you have just taken a bow to your audience...lol

Same with options. Margin means options margin and you don't have to qualify that you don't mean margin loan...

That depends who the audience is I guess.

 

[sails]

That depends who the audience is I guess.

Yeah right. I guess total newbies are easier to fool. But why are you not teaching your trusting students the proper terminology?

And then you say handling a bull put is simple? I don't usually swear, but this is bull something else...lol. There is a level of complexity with any options position with multiple dynamics at work.

Some time ago I heard of the doubling down strategy (when the bull put gets into trouble) and apparently came from some so called "teaching" guru. This actually massively increases the original risk and will only get the position out of trouble IF the market turns back up. But if it keeps going down, then those significantly increased risks can be realised and do serious damage to the account (or "bank" as you call it).

Why not train people how to fly aeroplanes too? A weekend should teach what the buttons do...lol

 

[Vicki]

Regarding my trades. I rarely trade on a regular basis. I only trade when I need money. I never look forward (on a daily basis) and pay no attention to any news or do any fundamental analysis. I trade what's happening at the time using purely technical signals. I did trade last week but only twice (Wednesday and Friday). All up I lost $1,000 and made $2,800 so I only made $1,800 but then again I was only using $12,000. Still, that's 15% so if I was using a full $20,000 bank that would have been $3,000.

So you don't trade on a regular basis?

What are newbs supposed to do, to maintain an average of $2000-$5000 p/w,
using only their 20k?

Also, could you share with us the details of your two trades last week?


Vicki

 

[OneDayWealth]

Yeah right. I guess total newbies are easier to fool. But why are you not teaching your trusting students the proper terminology?

And then you say handling a bull put is simple? I don't usually swear, but this is bull something else...lol. There is a level of complexity with any options position with multiple dynamics at work.

Some time ago I heard of the doubling down strategy (when the bull put gets into trouble) and apparently came from some so called "teaching" guru. This actually massively increases the original risk and will only get the position out of trouble IF the market turns back up. But if it keeps going down, then those significantly increased risks can be realised and do serious damage to the account (or "bank" as you call it).

Why not train people how to fly aeroplanes too? A weekend should teach what the buttons do...lol

lol...I've never tried to fool anyone. I love newbies. I am their friend because I am the ONLY one who took the time to explain something fully. All the other courses I did and went to always had an "advanced" course to get the "full story. I was known as the one guy who gave the full story up front in full. That's what I wanted to to be because that's what I wanted from my educators.

I was referring to making sure that people (reading this) understood that there is never any "lending" with anything I do. I accept that the powers that be could have maybe used a different word instead of using the same word to mean two different things.

Regarding "rolling out" I was never a huge fan either and always told people to take a loss and move on so I agree with you there unless I am fully confident of a recovery within the time frame but that would only be as a new trade and not to get "all" my money back. It was just another trade as far as I was concerned.

 

[OneDayWealth]

So you don't trade on a regular basis?

What are newbs supposed to do, to maintain an average of $2000-$5000 p/w,
using only their 20k?

Also, could you share with us the details of your two trades last week?


Vicki

I trade when I'm bored or I need to top up the spending account.

Please clarify what you mean by "What are newbs supposed to do, to maintain an average of $2000-$5000 p/w, using only their 20k?"

Sure, here are the trades I did last week to make 15%. It was not two trades but two days. I did several trades. The green dots are profit. The red dot is a loss. Please don;t take this an average though. You might do worse or better just like me. I've had trades that doubled in one day as well as lost me several thousand. It's a topsy turvy world in options as I'm sure you are all very well aware but I believe it can be controlled enough to make enough to live very well on without having to trade every day. Most trades are good enough to supply a whole week's worth of wages but now this is turning into a commercial and I don't want that.

Here's my results from last week. Plus a few more from earlier in the week where I made a small $400 profit from a failed trade.

 

[Vicki]

I trade when I'm bored or I need to top up the spending account.

That's a pretty casual approach, you almost seem to make it look easy?

Please clarify what you mean by "What are newbs supposed to do, to maintain an average of $2000-$5000 p/w, using only their 20k?"

Well I'm geussing that to maintain your claims that somebody trading on a 20k
bank, to consistantly make 2-5k a week, would have to trade more frequently?

And expose themselves to risk more often than you do.
As you said before, good money & less risk selling how-to courses!

Vicki

Some time ago I heard of the doubling down strategy (when the bull put gets into trouble) and apparently came from some so called "teaching" guru. This actually massively increases the original risk and will only get the position out of trouble IF the market turns back up. But if it keeps going down, then those significantly increased risks can be realised and do serious damage to the account (or "bank" as you call it).

p.s. maybe I could try & sell your old e-book lol.
But then my conscience wouldn't let me sleep at night.

 

[sails]

I trade when I'm bored or I need to top up the spending account...

I guess there would be little need to trade when lucrative course fees provide a no risk source of income.

 

[mazzatelli]

I never quote returns on margin because I have never used margin.

lol, so when you quote 31c on $1 for a 31% return over 30 days [video 3] this is quoting a return on margin :

There is Jan GOOG fly, 2 strikes wide - 570 atm, risk $2.65, reward $17.35.
Using your methodology [video 2] the return is 17.35/2.65 = 654% over ~ 40 days.
The percent per day made is 654%/40 = 16.37% per day. Therefore ~ 6000% p.a.

Just wow!!!
Or have I got something wrong here?
I know you don't trade butterflies, but I am assuming the wealth of experience implies you know about them.

 

[OneDayWealth]

That's a pretty casual approach, you almost seem to make it look easy?



Well I'm geussing that to maintain your claims that somebody trading on a 20k
bank, to consistantly make 2-5k a week, would have to trade more frequently?

And expose themselves to risk more often than you do.
As you said before, good money & less risk selling how-to courses!

Vicki



p.s. maybe I could try & sell your old e-book lol.
But then my conscience wouldn't let me sleep at night.

I've been doing it a long time now so yes for me it's a matter of "need money? Go and get it"

Actually all you need is one good trade and you are usually set for a wage. The rest is to build buffer or to make more for something specific (e.g. a hot rod I bought recently).

My claim is that a "disciplined and practiced" options day trader (using my methods and layouts) should be able to make 5-10% at least 2 or 3 times a week if the level of risk is acceptable to them (this is definitely not for everyone). 10% of 20k is 2k so that should be enough for most people but if you want more you can keep trading but I surggest that when you make a few grand you take a few days or the rest of the week off and enjoy life. I've never had a week where I traded every single day though. You have to be patient and basically trade breakouts. There is really no "trick" to it. No one's thought to do day trading options in Australia before though and many think it's impossible - it's not. I and many of my members have proven it many times now. A few weeks ago one member rang me all excited saying they had made 62% twice in one week. Others don't get the hang of it at all and end up losing enough money to stop (which I think should be no more than 25% of your initial risk capital) so if you started with 20k and are down to 15k - stop, reconsider what you might be doing wrong and re-start carefully.

Paper trading is essential and I have several very heavy requirements (basically, if you can not double your money within a month on paper - it's not for you or...keep practicing. My point is that I have many warnings and ideas for preparation so that newbies don't get stung week one.

The more skill you have the less money you need or (obviously) the more you will make. I've had lots of doubling weeks as well as some shockers but I still actually believe a replacement wage (by replacement I mean at least double what you are earning now at your job) can be made with 10k - especially if you are decent at technical analysis.

I give my ebook away these days on the site to anyone who wants it. Not sure what they are doing at the old place these days.

 

[Vicki]

I guess there would be little need to trade when lucrative course fees provide a no risk source of income.

Your not wrong!
I wonder If there's a course for making a course like Bill's?

That's where the safe money is!
20 cents per c.d. & flog'm for 5k a piece!

Hey Bill, roughly how many members/clients do you have?


Vicki

back in a few hours, I'm going sailing with some friends.

 

[OneDayWealth]

I guess there would be little need to trade when lucrative course fees provide a no risk source of income.

lol (sigh, roll eyes, throw pen in the air)... I do what I do for money just like you do what you do for money. You absolute cynicism says a lot more about you than it does about me. Anyone who gives their course away for free is declaring that it clearly has no value or they are making money from brokerage or some other way (I do not). Is there something wrong with selling information? I'm not a communist so I have no problem with selling a valuable service to anyone who wants it. If you want to give your information away for free I will not stand in your way or make childish insinuations.

So what if I made ALL my money from selling courses? Is there anything wrong with that? Instead of giving me some credit for practicing what I preach you decide to take the low road. Good for you.

 

[OneDayWealth]

Your not wrong!
I wonder If there's a course for making a course like Bill's?

That's where the safe money is!
20 cents per c.d. & flog'm for 5k a piece!

Hey Bill, roughly how many members/clients do you have?


Vicki

back in a few hours, I'm going sailing with some friends.

Actually they cost me far less than that because it's an instant download these days. What's your point? Do you really think that everyone reading this is impressed with you complete ignorance? It's the INFORMATION that's valuable...not the plastic. Fool. Actually, I'm the fool for thinking you were starting to be reasonable. Am I living in China? If you keep taking low blows Vicki no one is going to take you seriously. I am WASTING my day defending your stupid false lies and comments so people can hear the truth instead of just your sore loser drivel. Sailing eh? Be careful you don't fall in.

 

[prawn_86]

Its amazing the damage people can do to their own brand in just a matter of a few days.

I wonder how this page now ranks in Google after this much activity...

 

[OneDayWealth]

Its amazing the damage people can do to their own brand in just a matter of a few days.

I wonder how this page now ranks in Google after this much activity...

My brand is me and this is who I am. A normal bloke with something to share. I'm not doing any damage at all in the eye of any intelligent people reading this. I am defending myself against slander. This thread has been near the top for a search on my name for ages and I'm glad that the moderators finally saw sense in letting me back in to defend myself against the rubbish and lies being printed in this thread.

I'm glad and proud of all my responses - even the aggressive ones...especially the aggressive ones. People sit and cop it without defending themselves - that's not my style and never has been - ask anyone who knows me.

I wonder what you would want to do if people were viciously attacking you publicly? Would you just sit back and take it up the ****? I refuse to let lies go unanswered and my reputation (as a fair an honest educator) is extremely important to me. I will sit here and answer every single attack, grievance, slur and defamatory comment because that's what someone who's done nothing wrong does. I know I have never done anything (on purpose or with malice) to hurt anyone and the TRUTH shall stand all scrutiny.

My trades are on public record and have been for years. I win and I lose (sometimes I win a lot and sometimes I lose a lot - nothing new in that and usually when I'm not following my own rules.) and I share so others can lose less and if I am going to show people how to make thousands of dollars a week then you can be damn sure I will be charging for that information and I will be proud to do so. I am a proud capitalist and I have never ripped anyone off so bring it on.

 

[wayneL]

It's the INFORMATION that's valuable...not the plastic

Perhaps people are questioning the value of the information... in a roundabout way.

For instance, the likes of Lawrence McMillan & Sheldon Natenburg sell their information in book form for ~$100; and these tomes are considered as essential reading for options professionals. These two men command the highest respect in the options game.

Even McMillan's most expensive DVD set is only $600

Just a thought.

 

[wayneL]

The burning question in my mind for your current endeavour is - Why options?

The same can be achieved with CFDs with much smaller contest risk.

 

[OneDayWealth]

Perhaps people are questioning the value of the information... in a roundabout way.

...

Just a thought.

Then they should say that. I can only reply to what is said. It was a low comment that added nothing.

 

[OneDayWealth]

The burning question in my mind for your current endeavour is - Why options?

The same can be achieved with CFDs with much smaller contest risk.

True, it can but there is massive borrowing with CFDs (many newbies do not realise this until it's too late) and the stops don't always hold. With options I can use my own cash and I will never lose more than I'm willing to risk. I have heard some horror stories with CFDs that sadden me greatly.

Again, I think borrowing money for a high risk/high return strategy is not wise - in my honest opinion and if my strategy provides me with what I need as far as income goes I'm happy to just use my own cash. There are lots of ways to make enough money to live on off the stock market. I'm into options and that's what I know intimately so that's what I share.

 

[mazzatelli]

I'm into options and that's what I know intimately so that's what I share.

So can you address post #108?
It would seem the strategy I've outlined, trumps your put spread methodology by far.:
Any weaknesses I am not seeing with the strategy?

btw the GOOG prices are as at Friday close [US]

 

[wayneL]

True, it can but there is massive borrowing with CFDs (many newbies do not realise this until it's too late) and the stops don't always hold. With options I can use my own cash and I will never lose more than I'm willing to risk. I have heard some horror stories with CFDs that sadden me greatly.

Again, I think borrowing money for a high risk/high return strategy is not wise - in my honest opinion and if my strategy provides me with what I need as far as income goes I'm happy to just use my own cash. There are lots of ways to make enough money to live on off the stock market. I'm into options and that's what I know intimately so that's what I share.

1/ But we are talking now of day trading. While I have some sympathy with some of the points above, they are negated by removing overnight risk.

2/ Once again you've shown you don't really understand "margin". Trading CFDs or any other derivative you are trading on margin, but you are not borrowing money as in a "margin loan". It is your own money you are trading with.

3/ Options contain other non-linear risks (AKA the Greeks), yes even on an intraday basis. These are not huge on the face of it, but amplified by the number of contracts you suggest, they can have an uncomfortable impact.

4/ I would argue that you don't know options "intimately" at all if you don't understand margin.