Australian (ASX) Stock Market Forum

Optionetics Course - Is it good?

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Re: Optionetics

I have listened to their 15 CD set (4 times now) and read their notes (borrowed!) and have found it very very good. I am also attending the free seminar on Nov 7. I have found that by following what they have taught, is very easy and profitable. I know 2 people who have attended their two day course as well as their advanced course. They also have high praise for it and are making great money following the strategies taught. Once I make enough from following what I have learned then I will definately take their 2 day course and their advanced course too... What they teach though is for the US markets. I will definately recommend getting your hands on their material and experiencing their philosophies and strategies first hand... Visit their US site www.optionetics.com and subscribe to their free newsletter and browse the site.. I definately give them a thumbs up... (just ask JetDollars :) ).

Cheers,

J.
 
Re: Optionetics

Oh another good thing about them is that once you attend their 2 day course you can re-attend any future 2 day course in any location around the world! Pretty cool...

Cheers,

J.
 
Re: Optionetics

Hi PositiveCashFlow,

great to hear your response about optionectics, but im still very weary, i know of some people who have attended there courses and are only getting very mild results such as 5% returns a month, and some very complex spreads like condors and butterfly spreads and all...

im not against optionectics, but honestly i do believe you would be better off putting your money towards good books and a good derivatives option broker...

im not quite sure if you trade options, but i do trade options on a daily basis, and what i can tell you is, it is very, very fast game, not only is it fast... there is much higher risk and psychology level, you must have... its just like a tolerance that is needed.

Cheers,
sis
 
Re: Optionetics

sorry... about the 5% return a month to the forum members, but 5% return on a high risk investment, is not worth it...

its almost like gambling and punting your money away...
 
Re: Optionetics

Hi SIS,

I guess it all depends on the application of what people have learnt from the course. I don't believe that trading options has to be as fast a game as your playing... For example take a directional spread that expires in 3 months, or maybe put on a calendar spread that has the long option that expires in 2007. I like to pick positions where I can sleep at night!

Cheers,

J.
 
Re: Optionetics

Still_In_School,

If I can make 5% per months then I would be very happy because 5% per month over one year is a 60% return of your capital. I don't think many people can grow 60% a year on there capital.

If I can make a return of just 20% annually I would be very happy at this stage of my starting journey.

So SIS, what is your target per month in % base on your capital? Have you achieve it in the last 3 months?
 
Re: Optionetrics - Dodgy?

Sorry Guys,
Didn't realise this had been posted in ' General ' . I limited my search to this section only :confused:

Markor
 
Re: Optionetrics - Dodgy?

Hi markor,

I just did a search in the derivatives forum and there are a few threads there where Optionetics has been discussed - here is the link: https://www.aussiestockforums.com/forums/search.php?searchid=14786

To be honest, I wish I had not spent the money on Optionetics. It has taken me many months of hard work and research on the internet, reading books, countless hours of backtesting, etc to fill the gaps they did not teach at the 2 day. They have several other courses (all several thousand each) where they teach more advanced techniques, so don't think you will get a full options education with the first course. The 2 day seminar really only teaches the basics and they spend a lot of time illustrating expensive software - they know how to market so by the time you finish the 2 day seminar you feel like you absolutely must have it. They make it look so easy at the seminar - but, in reality, I have found it just as easy to lose money as make it - same as in any trading. Might suit some people, but we found it was not good value for money. :2twocents

Cheers,
Margaret.
 
Re: Optionetrics - Dodgy?

I went to one of their introductory seminars. (I go to many of these for a bit of entertainment)

I was impressed with their salesmanship, it is smooth as Margaret points out. Fortunately I have done a lot of sales training, so recognised the techniques straight away. I did buy Fontanills' book, "The Option Course".

The book was OK, but waffles ad naseum to get to a point. It only needed to be as third as thick. But for $39 (or whatever) it's a hell of a lot cheaper than $3,000.00 for a two day course and most likely contains more information.

If anyone has there heart set on blowing a few k on a course I would suggest checking out www.options-university.com

You will recognise all the same Yankee style NLP marketing, but I have listened in on a few of their free conference calls. They DO know their stuff and seem to be very sincere in giving thier knowledge.

I have no financial connection, of course, but they seem good. www.thinkorswim.com give away a lot of free info as well.

Ultimately, nothing replaces doing the hard yards, just like Margaret says, and a lot of the best info is free. You just have to be passionate about learning all the nuances.

You have to look at is as an apprenticeship. You cannot learn it all in a short period of time, and even us old timers receive a few surprises from time to time.

Is the journey worth it? Yes it is as long as people understand the damage that can be done to an account, and to make sure your arse is covered. Eventually you become a master and the $$$$, quite naturally follow.

Forums such as this one are a great place to ask questions. There are lots of folk like Margaret or myself who will gladly share what we know.

Cheers
 
Re: Optionetrics - Dodgy?

markor said:
Sorry Guys,
Didn't realise this had been posted in ' General ' . I limited my search to this section only :confused:

Markor
Click to expand...

No probs Markor, I've moved that thread to the Derivatives thread and merged the most similar optionetics threads.
 
Re: Optionetrics - Dodgy?

The Barbarian Investor said:
hi Wayne

Did you see the ad's in Todays West for another Options Course..including a Full Page Spread?

OPTIONS 21

TBI
Click to expand...

Had a look at their website.

Well they don't promote covered calls as the quick and easy way to become the next Soros. So thats a good sign.

But for $4k for a weekend?

To my mind an options course can only be of value if knowledge is trickle fed over a period of months. There is WAY too much to absorb in a weekend. So even if the quality of the information is quite good, it will largely be a waste of money.
 
Re: Optionetrics - Dodgy?

The Barbarian Investor said:
hi Wayne

Did you see the ad's in Todays West for another Options Course..including a Full Page Spread?

OPTIONS 21

TBI
Click to expand...
Howdy,

I went to one of the introductory days a few months ago, it was refreshing to hear someone who skipped the basics and didn't even entertain the notion of options as being an "easy way to build capital" like some of the others seems to do.

Personally I would rather pay $300 for a few good books than pay 10 times that amount for the same information, but with coloured powerpoint slides.
 
Re: Optionetics Course- Is it good?

Hi all,

Im new here and i would really appreciate your feedback on the Optionetics course as they are coming back in May 06 and i would love to get into Optionetics as it all sounds good but they will not give me any names as to people who have completed the 2 day course for $4k to see what they thought.

Sounds all too easy to make money but my gut says it cant be, so i need to know as many people as possible who have completed the course and whether they made lots of money?
 
Re: Optionetics Course- Is it good?

Thinking said:
Hi all,

Im new here and i would really appreciate your feedback on the Optionetics course as they are coming back in May 06 and i would love to get into Optionetics as it all sounds good but they will not give me any names as to people who have completed the 2 day course for $4k to see what they thought.

Sounds all too easy to make money but my gut says it cant be, so i need to know as many people as possible who have completed the course and whether they made lots of money?
Click to expand...
We did the 2 day course at least a couple of years ago now and while there is nothing wrong with their content, the price tag is enormously high for what you get when there is no guarantee that you can actually make money let alone keep the trading account you start with :eek: . And then be prepared to spend a few more thousand on software and subscriptions. And then check out this link for all their seminars which teach you the more advanced techniques http://www.optionetics.com/products/seminars/store_seminars.asp You will need deep pockets!

Yes it is real easy to make money with options provided you pick the right conditions (and options are multi-dimensional), but much easier to lose it. Out of all the contacts and people I met doing the course, I only know of two traders personally that took the 2 day course and were making money and one of them was a professional trader before doing the course. We went to a local group meeting which eventually folded up due to lack of interest. While I haven't heard from any in a while now, the last I knew is that most were disillusioned, had given up or had moved on to do other courses in the hopes of making it work.

Anyway, have a look at the posts #11 and #12 in this thread - there are some links there that may help. If options trading were that easy I'm sure this forum would be alive with successful option traders - but there is actually very little interest at all despite the large membership.

Sorry - this is probably not what you wanted to hear - but this has been our experience. Feel free to PM me if you want more information.
 
Re: Optionetics Course- Is it good?

i think people here are trying to say, save your money, and use that money to buy book and test the market instead.
you will learn more this way. but it will take alots of time and hardship. to done well in option. i must master yourself most of all.
hope this help.
 

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