Platinum changed in 2005. They now update prices several times during the trading day (at least 3 times I believe). So, its not realtime but it is better than just EOD.
WD40: I agree with everything you say, but Platinum is now more than just a couple hundred dollars. As of 1/1/06, the annual subscription is now $795. Still, I agree, a good deal for what you get and there are discounts for renewing customers. Brooks
Hello, i'd like to thank wd40 and everyone who took time to respond to my question. The problem is that it takes time to find out more about one software or the other. Another thing that is worring me is that after I buy the software I need to set it up and of course Otionetics will be happy to help with their "ICT" class at the cost of $ 5000. I tried to find someone at their Los Angeles Seminar, but the more advanced student are not really interested in helping to set up a software for someone new and they don't care about splitting the costs and share the software. Someone told me...if I do you will see all my trades...so what ? Like I will make money just because he is trading something. I guess I'll get the software and when I am tired of wasting my time I'll take the expensive class to learn how to use it. I know one could learn how to use Platinum from the website but come on, the class alone takes three entire days if I have to learn from the webiste it will take much longer than that. This entire process of having to learn how to use the software really sucks, I don't mind to take time to learn the strategies, but $ 5000 to learn how to use the software is unfair and I am sure Optionetics knows that if you don't learn it you will lose much more than $ 5000 when buying options blind in the market. thank you again for all your help
if you think ICT is unfair, they have a Master ICT course, which is another 3 days and another $5k !!! From their website, I can see the courses are always full, some locations even have waiting lists. I don't ever recall hearing any complaint from the graduates. I will let you figure that out.
This kind of thing is still amazing to me. There are no secrets that they have that are worth $5K. NONE! If there were, they sure as hell wouldn't tell YOU. What's in that course? I've never seen it but I bet it is only what you can simply get out of an Excel Spreadsheet, $100 worth of McMillan (and/or Natenberg, Cottle, etc,) an IB account to test strategies (with very small size at first), and possibly a $70 option risk graph program - all stuff you should have anyway.
If it were for me I would never pay $ 5000 to learn how to set up a software. I tried to hook up with some more advanced student to exchange info because I do have something to give back but nothing happened. I was really hoping to find someone in the L.A area to exchange some info I need someone who can give me a starting point with Platinum in exchange I will show how I pic stocks in a bullish market as I subscrive to a very expensive yet excellent software from Investor's Business Daily Anyone who lives in L.A. and wants to trade some info about options for some info about stocks feel free to instant message me my yahoo screen name is guy990opl If after my last attempt I have no luck, well I am ready to shell out another $ 5000 thank you for your attention
Wait a minute here. What the hell are you spending 5k for? Seriously. Look, forget about this platinum stuff and Advanced Get nonsense. You are not going to make dime off of that. If you want to understand options, do this. First read "Fundamentals of the Options Markets" by Mike Williams and Amy Hoffman. Then read "Option volatility and Pricing" by Sheldon Natenburg. Read those books 2 or 3 times. Then get yourself a simple excel based app until you can afford to move up to an Optionvue or something similar. BTW, I own and use Optionvue. I am just shocked at how freely people are willing to seperate themselves with 5k. People think!!!!!!!!
think of Platinum (or any other tools) as your piano. if you want your piano to play good music, you do need to invest some time to learn to play it. The aim is to make the music sound G-O-O-D. I agree with M74 on the reading part. There is no escape from the basics. Just like music, you can learn to play by ear and play a few entertaining tunes at the parties. But if you are serious and want to do well in trading, you need to study now and build a solid understanding of the basics. Natenberg is a must, it is the foundation of all your future endeavours. I can cite a few more books, but I think these few will keep you enthralled for a while.
Speaking of excel sheets for options, are there any sites where you can get delayed intraday/eod quotes for free/cheap? Possibly in csv format...