- Joined
- 27 February 2008
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- 10
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?
Well there ya have it folks.
A bit of pointing out that maybe sometimes results posted MAY be doctored and my emotional lil friend here got all in a tither.
Great ad for your sales pitch bud
as you were .
oh any chance someone can knock me up a statement i can show at the next rotary dinner i go to?
wouldnt mind impressing the ladies
LOL. Mate do yourself a huge favour. And realise you are very WRONG. You are using the return on margin figures. Classic tool of snake oilers.
Traders don't quote those figures because they know its risk adjusted return that shows not only profit but how much risk you are taking. The fact that you cannot even grasp the basics of what your doing makes you dangerous to newbie's.
You are an idiot. You called me a liar. What do you want me to do? Sit here and take it? You might enjoy that feeling but I can assure you I do not.
.
What are you talking about? When I risk 69c and make 31c there is no other way to say it. I *AM* only risking 69c and I *AM* making 31c. How is that wrong or misleading in *ANY* way? Do yourself a favour and look up how to sell Put Spreads. You are dead wrong - again...lol I have sold millions of dollars worth of Put Spreads...how many have you sold? If any, you will know I'm right. If none then...?
I grasped the basics LONG ago mate. Seems you still have a ways to go. Go and push your doubts elsewhere. I'm clear in my conscience that I am not only doing the right thing but I'm providing a necessary clarification of the facts in my courses.
no actually you pointed out that you were lying, i have not called you a liar as yet (search my posts)
i asked for live trades in real time.. you said that you had them on your forum.......i looked at your forum and could not find any LIVE entrys/exits only hindsight statements ( which the vailidty is unproven.)
now please stop lying and stick to the facts at hand
That's because I'm not a professional....
...So am I. If a "professional" is someone who makes money trading options...
Mate here is a classic example of why you are wrong. See the bit of yours underlined. The value of your trades is as you say in the millions yet you quote profit based on the minimum margin your broker requires. Anyone who trades knows minimum margin is for newbies and snake oilers.
Then of course there is the glaring topic of why in the hell would you trade ASX option on a intraday basis at all?? ridiculous spreads, brokerage & movements.
Anyway. It seems you cannot answer questions but wanna start throwing around agro replies. Funny respose for someone who knows what they are doing?
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!
The above are quotes from your recent posts. Just click on the arrow in the blue square to take you to your own posts with these two contradictory statements.
My understanding of professional is trained by a financial institution. MMs are an example of highly trained professionals. I simply don't see that same depth of knowledge coming through in your posts.
Oh brother! Your disingenuity knows no bounds - you are trying to run with the hares and hunt with the hounds here. You are equating overnight risk in overly leveraged CFDs to daytrading risk with options. Cute tactic when sucking in nooooooobs, but doesn't really wash with us here.
So must I really go into the mechanics of derivatives here? CFD means Contract For Difference. You are entering a contract with a facilitator to settle the difference between the entering price and the exit price of an underlying security.
It's just a contract; there is no transfer of ownership in any way, shape, or form. Ergo, there is nothing to borrow money for. However the facilitator/broker requires the trader to deposit a performance bond to cover possible losses.
This operates in the same way as futures and short options and spreads.
So you see, there is no loan.
Risk - YES
Loan - NO
Now please stop saying I'm lying and stick to the facts at hand!
Whatever. Sounds like you are a CFD expert and like I said - I am not. I do know that you are borrowing though - no matter how you want to spin it. I checked this simple fact with my brokers and they assure me that they are indeed lending me the money to buy and sell the stock with a CFD and if it drops and the stops don't hold then I am responsible for the whole drop - just as if I'd bought it myself but maybe yes, I am refering to overnight CFDs or whatever. Like I said. I'm an exspert in what I do but not in everything. Ask me about day trading options and I'll share but please...enough with the accusations. Faaark. I have NEVER sucked in anyone!!!!!!!!!
The facts provided are : you stated that there were live trade examples on your forum...... there is none ONLY hindsight statements( which could or could not be doctored) .NO real time entrys/exits.
This fine forum has provided you a platform on which to provide LIVE entrys/exits........you provided the answer that you already had on your forum (there is none ONLY hindsight statements( which could or could not be doctored) .NO real time entrys/exits)
maybe post up some LIVE entrys/exits here for a period of time in the future instead of creating an abusive smokescreen might help.
but hey i have a feeling that perhaps that wont happen.
You have a great day darl.. and maybe someone out there reading this might believe hindsight questionable result statements ..... but i certainly dont.
back to the popcorn
Mate here is a classic example of why you are wrong. See the bit of yours underlined. The value of your trades is as you say in the millions yet you quote profit based on the minimum margin your broker requires. Anyone who trades knows minimum margin is for newbies and snake oilers.
You are not buying and selling stock. I just explained that.
BTW I don't trade CFDs, this is just basic knowledge.
I am confused on this part......isn't quoting minimum margins what you would be looking at from a risk management point of view? If I had a 50c spread and picked up 18c premium, I am risking 32c. Over 10 contracts I am risking $3200 of my $5000 to make $1800.
I traded a NCM bear call spread when it was around $35.90 a few months ago and it shot up to nearly $40 during that months trade. I sold the $36 calls and bought the $36.50 for 10 contracts. I lost my $3200 knowing that's all I was risking. Am I missing something here?
Stop saying that I doctor. It's really starting to piss me off!
and smart ****, I'm not allowed to post links to my website. I did once and I got blasted so I told the moderators to remove it - they didn't.
please point out where i said YOU doctor the statements.
Please see someone in regards to your anger and reality management it is obviously affecting your enjoyment of this fine site.
nothing smart **** about my comments , the forums here no need for links to a questionable website , just post the trades here in real time.
anything else?
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