Big Lou here; tell me why I am not the greatest service out there, eh?

Discussion in 'Options' started by stephan31, Nov 22, 2011.

  1. Hola guys,

    I have been trading for several decades, admittedly options are my achilles heel. My lizard brain can really only do straight calls and puts.

    Tell me why this guy is full of it, k? {below the dashed line}.

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    Taking Profits
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  2. Roark


    Because he's selling it. If it actually did what he claims, he wouldn't be selling the service, he would be using it.
  3. Since we're on the topic there used to be a guy here that would pop on every once in a while with some killer option ideas. Free of course. Guy was smart as hell. Completely the opposite of what you just posted. Sounds like a scam
  4. Basically I thought that a 4 or 5 or 6 sigma move, whatever the underlying was (if it popped say, 25-35%) he could actually lose 60% of the account size.

    Again, I am an options neophyte; yes I am on his mailing list for 5+ years and I always email a friend that 'Big Lou' has his "lock of the week!!!"


  6. stoic


    And just think of it.......

    in just 10 years you'll have $198,735,848,314,191.00 wonderful is tax liability for the year would pay off the national debt.
  7. There's your give-away right there. No need to read any further.

  8. ..... of course you will immediately be identified as the leader of the 1% ers and there will be massive protests against you taking the money away - mostly from the other 1% ers!

  9. Another Snake Oil Salesman :D
  10. Hola again option-trading pimps!

    Thank you for the responses thus far.

    Can anyone (or is anyone willing to explain in technical terms) identify why this strategy doesn't work either

    a) intermediate term, 1 bad month wipes out 3-6 months of gains?
    b) long term, is this just a shitty reward to risk?
    c) ????

    Again, thanks so far for your appropriate scathing and hateful comments (I am a bitter man myself) towards 'big lou' and his strategy; I sometimes wish I was a big-swinging-dick option spread trader who can trade all the greeks and bask in the glory of time decay...alas--it eludes me.

    Anyone who is into beta/delta/theta/gamma stuff; would you care to comment on this cocky little vendor as well? I realize it is an incredibly long sales letter and he focuses ALOT on the big drop in Aug '11.

    He does show 'consistency' beginning in '11 though. Is he also full of shit?

    As I wrote before; I pretty much can follow sector rotation and then on pullbacks I would buy strength with calls and vice versa on the put side.


    #10     Nov 22, 2011