Bill Stacy?

[OneDayWealth]

might as well jump in too !!

You have to be kidding? You are quoting retun on margin!! For god sake!! You haven't even got on the same page as best practise let alone being capable of teaching it.

You are 100% wrong.

I am NOT quoting returns on margin as I have explained several times. I use CASH! I buy things (Calls or Puts - depending on what I see) and sell them for a profit the same day.
Which part of that don't YOU understand?

I've been teaching it for years with very few honest complaints. Sometimes people kick up when they lose money but no one can question my material without coming away feeling like I've done my best to get the method across. People are trading happily and enjoying their lives without stress of the dreaded overnight positions. I'm happy with what I do and what I teach and personally I can't understand why I'm the only one teaching it.

 

[OneDayWealth]

If say for auguments sake you could see huge so called "crowd" at delta 1 would you trade there instead, (using options)

In other words if there is plenty of liquidity at all strikes, what's the best delta ?

Obviously 1:1. If you can buy an option for $4.00 that moves as much as the underlying stock that's a good thing.

+1.

I've answered that. I have plenty of real examples posted (including losses) on my forum.

CFDs have a delta of 1 and tighter spreads.

...and they are fine if you like massive borrowing. I don't. I prefer to use real cash.

 

[nunthewiser]

and repeats how easy it has been shown in the past to supply dummy previous results EVEN on an electronic broker statement/results sheet/log.

Naked shorts .. do ya thing bud

live trades posted on entry and exit in real time will always show the truth/bullsheet

anyhoo this thread looks more like sales pitch for a product that can be found for free right here on ASF (thanks Wayne)

rather funny reading posts and sentences that contradict themselves on a constant basis tho....

back to the popcorn

 

[cutz]

Obviously 1:1. If you can buy an option for $4.00 that moves as much as the underlying stock that's a good thing.

See that's the thing, a pure day trader knows that futures/cfd's are the instrument of choice, day trading options without a market makers edge is not viable in the long run.

 

[OneDayWealth]

and repeats how easy it has been shown in the past to supply dummy previous results EVEN on an electronic broker statement.

Mine are real and I can prove it. I resent the implication that I have doctored any statements.

Naked shorts .. do ya thing bud

What?

live trades posted on entry and exit in real time will always show the truth/bullsheet

Thank you! That's exactly what I've done.

anyhoo this thread looks more like sales pitch for a product that can be found for free right here on ASF (thanks Wayne)

Not my fault. I'm here defending my name against slurs amd untruths.

rather funny reading posts and sentences that contradict themselves on a constant basis tho....

Show me ONE contradiction. Instead of spewing impulsive vomit get specific or stay out of it.

 

[wayneL]

...and they are fine if you like massive borrowing. I don't. I prefer to use real cash.

ROTFLMAO

Haven't I addressed this already?

CFDs are traded on margin, not one iota of borrowings, just like futures.

Hey I like day trading, but options are LEAST efficient means of achieving that.

 

[mazzatelli]

You are 100% wrong.

I am NOT quoting returns on margin as I have explained several times. I use CASH! I buy things (Calls or Puts - depending on what I see) and sell them for a profit the same day.
Which part of that don't YOU understand?

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

That is what is known as margin - the difference between the strikes less the premium received.

Yep, I know that. I just wanted to make sure it was clear that I never borrow money in the normal "margin" sense.

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

What is so difficult for you to understand? We are clearly not referring to margin loans.

Just to spell it out, in video 3, http://www.youtube.com/watch?v=rfjdvAMq018, your hypothetical example is -19.50/18.50 bull put spread.
The sold put is for 40c while the bought put (insurance as you call it) is for 9c - netting a 31c credit.

The risk as you state is the difference between the strikes of $1 - or $1,000 per option contract. This is the margin (I haven't deducted the credit yet) that you agreed on in an earlier quote.

You then run a calculation: 31c/$1 for a 31% return on margins over 30 day.

Is the context now clear?

 

[OneDayWealth]

See that's the thing, a pure day trader knows that futures/cfd's are the instrument of choice, day trading options without a market makers edge is not viable in the long run.

A "pure" trader? rofl...what's a "pure" trader?

Not viable eh? You are also clearly and obviously 100% wrong again. So what have I and heaps of my members been doing for the last few years? ...lol

Are you saying that options don't move during the day? You might want to have a look at a real option price one day (any day will do). If you don't know where to look to find an option price let me know and I'll show you.

 

[OneDayWealth]

What is so difficult for you to understand? We are clearly not referring to margin loans.

Just to spell it out, in video 3, http://www.youtube.com/watch?v=rfjdvAMq018, your hypothetical example is -19.50/18.50 bull put spread.
The sold put is for 40c while the bought put (insurance as you call it) is for 9c - netting a 31c credit.

The risk as you state is the difference between the strikes of $1 - or $1,000 per option contract. This is the margin (I haven't deducted the credit yet) that you agreed on in an earlier quote.

You then run a calculation: 31c/$1 for a 31% return on margin.

Is the context now clear?

Yes and I am correct but thanks for pointing out that the return is actually larger than 31c for $1.00 risked. It's actually 31c for 69c risked (maximum possible loss) about 49% if you let it expire naturally (something I never do).

 

[OneDayWealth]

ROTFLMAO

Haven't I addressed this already?

CFDs are traded on margin, not one iota of borrowings, just like futures.

Hey I like day trading, but options are LEAST efficient means of achieving that.

Yeah right...tell that to someone who suddenly has to find $100,000 because their "stop loss" didn't hold and then find out how much you really DID borrow. If you put in $1,000 and the broker lends you $99,000 to trade a $100,000 position what do you call that? Gifting? lol

Anyone who thinks they are NOT borrowing massive amounts of money that they are 100% responsible for (if the stops don't hold - as I have personally witnessed) is delusional and needs to have a frank and honest discussion with their broker.

In any case, I don't trade CFDs (for the above reason) so I'm really not qualified to respond too much apart from I will not borrow money to trade no matter how you want to flavour it. It's borrowing money!

 

[sails]

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.

So newbies could be tempted to think all is good when they see that you have had some winning trades here. However, what they might not realise is that you are only taking a few cents profit and yet potentially risking far more on each move.

It wouldn't take much of a move to wipe out the profits of a few small gain trades.

Also, trying to get out when wrong can be quite difficult and more cents lost on slippage. An example (for newbies), if one is trying to exit a long call and the underlying market falls away quite quickly, bids can be quickly removed or dropped much lower.

 

[OneDayWealth]

So newbies could be tempted to think all is good when they see that you have had some winning trades here. However, what they might not realise is that you are only taking a few cents profit and yet potentially risking far more on each move.

It wouldn't take much of a move to wipe out the profits of a few small gain trades.

Also, trying to get out when wrong can be quite difficult and more cents lost on slippage. An example (for newbies), if one is trying to exit a long call and the underlying market falls away quite quickly, bids can be quickly removed or dropped much lower.

True, which is why I insist that they observe the market and it's moves personally through massive paper trading. I took only a few cents because I discovered the move was over. I exit regardless of if I make $5.00 or $5,000. The run ends when it ends and you must exit. True again, those example trades are small but I have many examples of larger trades that make it very worthwhile and easy to exit for massive profit. I have exit rules including an "EXIT NOW! rule for those who have a hard time taking a loss.

Please don't take my example above in solitary and do me the respect of examining all my disclosed public trades including the losses. Remember that's me trading my style. You might have a different style - I'm cool with that.

I take new traders VERY seriously and warn them heavily before they go anywhere near the market with real money. Something nearly every other course I've done (and I think I've probably done more than most) fails to teach.

 

[cutz]

A "pure" trader? rofl...what's a "pure" trader?

Not viable eh? You are also clearly and obviously 100% wrong again. So what have I and heaps of my members been doing for the last few years? ...lol

Are you saying that options don't move during the day? You might want to have a look at a real option price one day (any day will do). If you don't know where to look to find an option price let me know and I'll show you.

I actually wrote pure daytrader, this is someone that doesn't hold overnight positions.

Unfortunately you are debating options with people that understand them intimately; at least one is an options professional.

I do know how to find option prices and I wouldn’t bother trying to day trade them, I prefer to stick to spreads spanning several months across a couple of markets making daily adjustments keeping the Greeks in check.

 

[nunthewiser]

Had a pretty good day yesterday. Made (after costs) a little over 5k on two trades. Last Friday I started with around 21k and made $3,500 in 4 trades (1 overnight, 1 break even and two winners). I followed that with a loss yesterday of around -$2,000 (it's not all beer and biscuits) but yesterday made a little over $5,000 on two winning (easy) trades that blind Freddy would have picked (and many did).

thats taken from your "come in sucker " page

live trades my a$$

just hindsight bragging with a baited hook for some wide eyed newbie too swallow

dime a dozen on the internet

Found NO live calls/entry/exits on your site.

as posted earlier broker statements/result pages/logs easy to doctor with the help of a lil creativity and software.

my previous post still stands ...

why did i waste my time on this post ?

 

[OneDayWealth]

I actually wrote pure daytrader, this is someone that doesn't hold overnight positions.

Sorry about that. I understand what you mean now - sort of.

Unfortunately you are debating options with people that understand them intimately; at least one is an options professional.

So am I. If a "professional" is someone who makes money trading options.

I do know how to find option prices and I wouldn’t bother trying to day trade them, I prefer to stick to spreads spanning several months across a couple of markets daily adjustments keeping the Greeks in check.

Sounds like a fair enough strategy.

The fact that you a mocking guys like, Mazza, WayneL, Sails, is laughable, these people have gone out of their way offering free no bull options advice to who ever has asked for it.

I know nothing about any of the names you mentioned above. I also offer "no-bull" advice. If they want to do it for free (like I did for YEARS!) that's up to them. If they had something of value to share I'm sure they would sell it to unless they have an issue with selling information that will help people. In any case, There's always a pay off for every thing. I'm sure they are happy with the "value" they get for their information. I'm just answering questions and defending against unfair attacks and slander. Some of these people have mocked me too so...?

 

[OneDayWealth]

thats taken from your "come in sucker " page

live trades my a$$

just hindsight bragging with a baited hook for some wide eyed newbie too swallow

dime a dozen on the internet

Found NO live calls/entry/exits on your site.

as posted earlier broker statements/result pages/logs easy to doctor with the help of a lil creativity and software.

my previous post still stands ...

why did i waste my time on this post ?

I told you before...all my trades are true. I have never doctored anything. You are calling me a liar. You are very lucky you are not saying it my face! Gutless prick.

Some trades look back - yes and there's nothing wrong with that. But every single time I have claimed a trade was real it has been real. How DARE you call me a liar! You don't even know me. Real easy to call someone a liar from behind your keyboard.

You previous post and this one are RUBBISH! Stay out of it!

 

[nunthewiser]

lol

oh dear.

with that outburst of emotion darl i think you should stick to trying to fleece the minions rather than convince me that your fair dinkum

lol

unreal

 

[OneDayWealth]

lol

oh dear.

with that outburst of emotion darl i think you should stick to trying to fleece the minions rather than convince me that your fair dinkum

lol

unreal

I'm NOT your "dear". You are gutless and if your "thing" is calling people liars in public then you deserve what you get. I resent your statement that I "fleece" anyone. I don't put guns to people's heads to buy my stuff. I offer and people enquire, I warn them and they buy then I help them and they profit. Your twisted bitterness does not alter that one bit.

You have a big mouth and nothing of any value to say. STAY OUT OF IT!

I wonder how you would react if I called you a liar in front of everyone. Pull your head in.

 

[nunthewiser]

I told you before...all my trades are true. I have never doctored anything. You are calling me a liar. You are very lucky you are not saying it my face! Gutless prick.

mmmmm

Some trades look back - yes and there's nothing wrong with that. But every single time I have claimed a trade was real it has been real.
You previous post and this one are RUBBISH! Stay out of it!

Sorry.

I tried using blind faith and believing you .

but no wouldnt happen.

I must be a cynic.

 

[OneDayWealth]

Sorry.

I tried using blind faith and believing you .

but no wouldnt happen.

I must be a cynic.

Well then you should make equiries (who the hell is asking for "blind" anything? only a stupid irresponsible person would use "blind faith" to buy an options trading course - of all things!) instead of making stupid baseless allegations.