Jules Dawson options course

[stargazer]

Hi all

Just to push things a bit further i asked the company re: covered calls what happens when a bad month occurs.

Example given:
ZFX......bought $19........2000 shares...cost $38000
sell a covered call close to ATM say $19.20 premium $1.20
Money recieved for month 2000*1.20=$2400 less fees

Next month stock has gone down to $12.00 so now you shares are worth $24000. I asked what they would suggest if this happens.

RESPONSE:
Write another call (month) Close to the original Share price you bought at...say $19.10.

Now i am not able to look at information to give me some idea if this is possible what would the premium be on such a position.

cheers
SG

 

[wayneL]

Hi all

Just to push things a bit further i asked the company re: covered calls what happens when a bad month occurs.

Example given:
ZFX......bought $19........2000 shares...cost $38000
sell a covered call close to ATM say $19.20 premium $1.20
Money recieved for month 2000*1.20=$2400 less fees

Next month stock has gone down to $12.00 so now you shares are worth $24000. I asked what they would suggest if this happens.

RESPONSE:
Write another call (month) Close to the original Share price you bought at...say $19.10.

Now i am not able to look at information to give me some idea if this is possible what would the premium be on such a position.

cheers
SG

Hi SG,

I think you suspect they are talking bunkum, yes?

If you managed to get a quote on that option, which I doubt, the value would be so low, that transaction costs would be higher than the value of the option premium. The theoretical value is a big fat zero.

Cheers

 

[wayneL]

Wayne

Many of the ebooks on trading seem to originate in the US, where bull****ting and being 'over the top' are the accepted norm.

English and writing were my strong subjects at school......I feel I could easily write something that would do an excellent job of promoting and marketing the product, without resorting to the type of rot and lies that accompany many of the trading ebooks on the market.

You compile the ebook, I'll be more than happy to write a promotional/marketing piece for it. If you don't like what I write, don't use it.

We'll definitely have a chat when the time comes, thanks for the offer.

Meanwhile, I have a sh!tload of work in front of me.

 

[stargazer]

Hi

Thankyou, Yes that is what i suspected.

Cheers
SG

 

[globaltr]

Do some further research and you will realise that Jules Dawson is not even ASIC accredited or derivatives accredited. Seems readind a book and selling Daniel kertchers call up put down game in a course is what this guy is all about from what I have heard

 

[Trader46]

I recently came across Jules Dawson's web site and the first thing I noticed was that here in March 2010 he's still advertising February seminars, and if you look around his pages he's even promoting a seminar in January 2010 with a comment "This coming Wednesday". Out of date and poorly maintained web pages make me wonder about a company. I emailed the "info" address pointing out the expired dates and also said that if there had been a link to his Live Seminar page on the main page I probably would have attended the most recent seminar in early March (Still being advertised).
I was absolutely astonished by the response from Mr Dawson. He emailed me saying he did not appreciate being criticised and also sent me a copy of an email he'd sent to someone else in his organisation. The body of that email appears below with the only things changed being the removal of the bad language which is not permitted in this forum .....

"Hi Ash,
Please can you find out who this C--K is.

I've looked and he hasn't even done any of our courses or anything, yet he thinks he owns the place.

Please can you remove him off our database immediately.

We don't need rude people like this in our lives.

The guys probably only worth $2. I'm worth millions, and his telling me what to do.

The thing is I don't have any seminars lined up on the web site because I'm not doing any for a while, yet this f--ker wants to criticise me for having no new dates when I plan on having the next few months off to do nothing! What an absolute dick hey!

Get him off the database immediately. We don't need losers like this in our life. And the last thing I want is some idiot with no money to tell me how to run my life or my business.

Thanks for your help mate.

Cheers,

Jules"

So there you have an indication of the type of person Mr Dawson is. At no point did I criticise him for not having new seminars. I did point out that his website was not well maintained, still advertising past seminars and I suggested that a link from the main page to the Live Seminars page would be useful, but there was certainly no rudeness in my email. He obviously thinks anyone with less than the millions he apparently has is a loser, which would include all of his clients and seminar attendees, so if you are considering going to one of his seminars, he's already classed you as a loser. I don't care how many millions he has. I want nothing to do with him. He's not worth a cracker in my book.

 

[neritoon]

I recently came across Jules Dawson's web site and the first thing I noticed was that here in March 2010 he's still advertising February seminars, and if you look around his pages he's even promoting a seminar in January 2010 with a comment "This coming Wednesday". Out of date and poorly maintained web pages make me wonder about a company. I emailed the "info" address pointing out the expired dates and also said that if there had been a link to his Live Seminar page on the main page I probably would have attended the most recent seminar in early March (Still being advertised).
I was absolutely astonished by the response from Mr Dawson. He emailed me saying he did not appreciate being criticised and also sent me a copy of an email he'd sent to someone else in his organisation. The body of that email appears below with the only things changed being the removal of the bad language which is not permitted in this forum .....

"Hi Ash,
Please can you find out who this C--K is.

I've looked and he hasn't even done any of our courses or anything, yet he thinks he owns the place.

Please can you remove him off our database immediately.

We don't need rude people like this in our lives.

The guys probably only worth $2. I'm worth millions, and his telling me what to do.

The thing is I don't have any seminars lined up on the web site because I'm not doing any for a while, yet this f--ker wants to criticise me for having no new dates when I plan on having the next few months off to do nothing! What an absolute dick hey!

Get him off the database immediately. We don't need losers like this in our life. And the last thing I want is some idiot with no money to tell me how to run my life or my business.

Thanks for your help mate.

Cheers,

Jules"

So there you have an indication of the type of person Mr Dawson is. At no point did I criticise him for not having new seminars. I did point out that his website was not well maintained, still advertising past seminars and I suggested that a link from the main page to the Live Seminars page would be useful, but there was certainly no rudeness in my email. He obviously thinks anyone with less than the millions he apparently has is a loser, which would include all of his clients and seminar attendees, so if you are considering going to one of his seminars, he's already classed you as a loser. I don't care how many millions he has. I want nothing to do with him. He's not worth a cracker in my book.

hey, thanks for the heads up! really appreciate it, timely 'cos I was going to attend one of his seminars next wk Tue 30th in Syd, but wanted to check him out first before attending... I also had a look at his website and found the exact same thing you did - out of date seminars - not good if you want to attract new clients, and based on yr experience, he's a class act! Thanks for the info - definitely cancelling.....

 

[KellyB]

hey, thanks for the heads up! really appreciate it, timely 'cos I was going to attend one of his seminars next wk Tue 30th in Syd, but wanted to check him out first before attending... I also had a look at his website and found the exact same thing you did - out of date seminars - not good if you want to attract new clients, and based on yr experience, he's a class act! Thanks for the info - definitely cancelling.....

Like you Neritoon, I wanted to check Jules Dawson out before I committed any money to his courses too. I also noticed that the Julecorp website has testimonials that relate to trading ZFX. How long has that one been gone from the ASX?? Judging by your experience with him, it makes me doubt the support he supposedly gives. I'll give him a miss too, thanks for sharing.

 

[Paulo30]

This thread saved me a wasted day in attending his intro seminar.. I like to check out some speakers, and hadn't heard of him, but besides looking at his website, others' experiences here stopped me from going.

On a side point, you just have to check out who is marketing this guy.. the usual notorious Internet type "Become a millionaire overnight" jobs.. (e.g. Knowledge Source - Jon Giaan).

Like you Neritoon, I wanted to check Jules Dawson out before I committed any money to his courses too. I also noticed that the Julecorp website has testimonials that relate to trading ZFX. How long has that one been gone from the ASX?? Judging by your experience with him, it makes me doubt the support he supposedly gives. I'll give him a miss too, thanks for sharing.

 

[Joe Blow]

As many of you know, we have a policy here at ASF of exposing individuals and companies when we observe them acting in ways meant to intentionally mislead ASF members and visitors.

We have just had an individual post to this thread who registered at ASF using an email address directly associated with Jules Dawson. Rather than be honest and reveal their association with Jules Dawson, this person posed as a happy student of Mr. Dawson in a deliberate attempt to mislead those reading this thread.

This account has now been suspended and the posts in question removed as it is our view that this behaviour is both dishonest and unethical.

 

[Timmy]

Maybe if anyone from ASIC is reading this they could call to find out who this was from that organisation. Could well be a case of deceptive and misleading conduct, or conduct likely to deceive or mislead, an offence under the Trade Practices Act ...

 

[globaltr]

Re: Options Trading course

Great to see ASF are on the ball.

By the sounds of some these posts people have been done over by the sales pitch. There is plenty of material out there it's a matter of knowing whats good and whats not so good. How do you figure this out - SPEAK TO PEOPLE or hang out here.

I have completed some 5 options / share trading courses over the years some good and some not so.

Anyhow great to see Joe Blow is on the ball

thanks

 

[Malakhi]

Im glad I found this thread.


I had just joined up to go to the "free" one day course by Jules, mainly because it was going to be held down the road from where I live. - now that ive read this, I wont be going at all.


Cheers everyone!

Malakhi

 

[lindaf]

I just attended a one day free seminar and was just checking out Jules Dawson. I don't think I need go any further. Unfortunately a number of the other attendees were lining up to book his Wealth Wise course.

 

[Dude]

Jules Dawson CFD Training

Hi Everyone,

Just wondering what your thoughts were on this training on how to trade share CFDs?

Its run by Jules Dawson, his website is julecorp dot com and I've found a thread on here which has a few bad wraps about his options course, which he was running previously.

As usual, it looks foolproof and rosy on the sales pitch page, but as I have never bought any financial products before, I don't really know what to expect. I've been to a couple of those days where they have 4 or 5 speakers, and they all deliver a smooth speech, before hyping you up to pay $4-5 grand for their course.

On the website listed above it says there is a course being run from the 18th to the 20th of June here in Brisbane for the "Wealth Wisdom Experience"

What do you guys reckon?

Thanks in advance,

D

 

[satanoperca]

Re: Jules Dawson CFD Training

Try using the search function it is a wonderful thing.

But then again sounds like a ramp for the course as it is ya first post.

 

[professor_frink]

Have merged this into the existing thread.

Dude,

Have a read of the thread to get an idea of what kind of company you are thinking of dealing with here

 

[Ruby]

Hey Dude!

Forgive me, but this sounds just a teensy weensy bit like a promotion to me.

If the options course was given a bad wrap by forum members, why would you ask their opinion about a CFD course? There is so much free stuff about CFDs on the internet why not start with that and save your money?

Cheers,

Ruby

 

[Dude]

Hey guys,

No worries, I'll do a bit more googleing and see what I can research.

Sorry about sounding like a pitch; I have nothing to do with them at the moment, and possibly I never will.

Can anyone recommend any alternatives that I can try? Probably cheaper too.

Thanks,

D

 

[Ruby]

Hi Dude,

A lot of the companies which have CFD trading platforms offer free courses, some online and some in classrooms (at least they used to.) The ASX used to offer a free course which was well put together and presented. There are also many books available. Browse in a book shop or borrow from a library.

While I think nothing beats a good course with a good teacher for imparting knowledge and injecting enthusiasm, as well as the mentoring aspect, you can make a good start with the above.

Regards,

Ruby