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dagnyt
Registered: Nov 2003
Posts: 1895 |
09-13-09 07:14 PM
Quote from OddTrader:
11. See the example below:
How in this world does your preface refer to my reply to your question? I am not a guru. I sell no methods.
You asked WHY anyone was NOT assigned early.
What kind of a question is that?
And best of all - you like to ask questions but - so far - have refused to reply to mine. So, I'll ask once more: If someone tells you he has been assigned early 6 times, what does that tell you?
Mark
Mark
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TheBestGuruEver
Registered: May 2009
Posts: 183 |
09-13-09 07:50 PM
If you fail to recognize that the most important thing you can do - once you have opened a position - is to manage the risk of that position, then I feel sorry for you and your prospects of making money from the options markets.
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Since you such an expert, PROVE that this method is profitable over the last 5 years. If this is the most important thing, and you are clearly the master at it, we should see great results from you... so...
show audited results.
When you fail to do this, then what you said becomes completely meaningless to anyone.
this is a typical guru-ism used to sell to suckers.
let's say we actually agree that risk is important....clearly, when you don't show results, you are not sure exactly how to manage this risk.
so all you are really saying is "risk".
good job
useless
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dagnyt
Registered: Nov 2003
Posts: 1895 |
09-13-09 09:05 PM
Quote from TheBestGuruEver:
If you fail to recognize that the most important thing you can do - once you have opened a position - is to manage the risk of that position, then I feel sorry for you and your prospects of making money from the options markets.
Yes I wrote that and believe every word.
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Since you such an expert, PROVE that this method is profitable over the last 5 years.
1) The absurdity of your request is illustrated by the fact that you want me to prove that 'this method' is profitable. What method would that be? I never mentioned a method. I don't have a method. I trade and I manage the risk of my positions. In fact the only thing you know about me is that Odd Trader quoted something I wrote for another forum.
2) Where do you get the idea that I claim to be an expert? Surely not because Odd Trader decided to quote me under the heading of 'guru.' Guru is his word, not mine.
3) If you believe that I claim to be an expert, exactly at what do you believe I am claiming to be an expert?
4) Here's the answer: I am an expert at explaining the intricacies of options and how they work to beginners. People who read my work are very pleased and give me outstanding reviews. Thus, my claim is in being an expert teacher. Backed by testimonials.
I provide a blog with much insight to those option rookies. No cost to anyone. I sell a low priced book, to anyone who wants it. It has been widely accepted as an outstanding book, with great reviews and testimonials.
5) How profitable my trading is - is nobody's business. Besides, this is the Internet and no one really believes the claims made by others.
6) My comment is that if you cannot manage risk, you cannot succeed. That is obviously an opinion and not provable fact. But it is an opinion based on more than 32 years as a professional options trader (20 as a CBOE MM).
If this is the most important thing, and you are clearly the master at it, we should see great results from you... so...
show audited results.
When you fail to do this, then what you said becomes completely meaningless to anyone.
7) I do not have audited results, and neither do you. Why in the world would you expect me to have my P/L audited?
I'm not selling a method. I'm not selling anything that has anything to do with my trading results. What is it you want me to audit? The fact that risk management is important?
this is a typical guru-ism used to sell to suckers.
Sell to suckers? What is it that you think I sell. You are chastising me and you have no idea who I am or what I do. I am not a guru and I do not peddle garbage.
let's say we actually agree that risk is important....clearly, when you don't show results, you are not sure exactly how to manage this risk.
Are you admitting that you do not believe that 'risk' is important?
How would my results illustrate how well I manage risk? I could have outstanding results due to pure luck or one gigantic winning trade. How would that show how well risk is managed?
so all you are really saying is "risk".
good job
useless
You anger is misplaced
8) And if I were to show audited results - it would tell you nothing.
I have no 'method.'
I do not sell newsletters.
I do not sell 'picks'
I do not sell a system.
I sell education to beginners. I provide outstanding education at a very low price. I'm not looking to make a living from educating people.
Why are you taking your anger out on me. I made no claims here. I made no outlandish statements. I am not cluttering this board - as Odd Trader is doing.
My opinion is that risk management is the whole ball game. You are free to disagree, but why are you so angry?
Why are you so threatened?
I'm new to this thread, so enlighten me.
Mark
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TheBestGuruEver
Registered: May 2009
Posts: 183 |
09-13-09 10:47 PM
I sell education to beginners. I provide outstanding education at a very low price.
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So you SELL EDUCATION, therefore you are a guru.
you are at a higher standard.
without results to know your education is worth even one cent, or perhaps negative....the ENTIRE point of trading is to make money. whose to say your book has any value.
only profitable accounts will prove its worth. don't deny that, as we know you will.
so you are selling education but won't prove your education results in profits?
interesting.
i sell a book on how to educate people regarding making corn.
then people ask, does it work?
HOW DARE THEY ASK ME THAT!!!!
LOL
just another guru who will do anything to hide his "results"
keep talking about everything else...you're right, traders don't care about making money.
oh, they do...
so maybe they need to see that education means money, since you charge for it.
keep avoiding the point.
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OddTrader
Registered: Mar 2003
Posts: 5273 |
09-13-09 11:54 PM
http://www.elitetrader.com/vb/showt...149#post2572149
Quote from dagnyt:
1) You do not get assigned on out of the money calls. If the stock goes down, the ATM calls become OTM calls and there is NO CHANCE that you will be assigned.
Mark
[url]http://blog.mdwoptions.com[/url
Do you truly believe the above statement is a correct and appropriate one for any stock trader to follow your advice, without bearly any risk at all?
So Fontanills below was/is wrong, and you've been providing to novice traders/ investors better financial advise than him (aka: Optionetics), in order to manage risk!
And a trader following your advice above can be safely bet his house (plus his wife and kids) following your advice, in order to make money, and lots of money just like you did/do (" I'm going to make lots of money from my positions, unless something bad happens." )!
Fontanills (Page 73, the Options Course): "There are odd times when assignment will take place with slightly OUT-of-money options or options with time value remaining. These are the exception, however, and relatively low-probability events."
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