Looking at the SPY chart it makes sense still bullish and increasing volatility. I would be interested in using an iron condor strategy for Tesla, its mid range and isn't doing much. Nice pointing that out. The chart (monthly) looks to be favoring the down side fundamentally speaking, but who knows, so just have to wait and see. I can't see price going too far either, unless we get an extreme volatile move from the market for the upcoming week. Thoughts?
Definitely read Mark Douglas book “Trading in the Zone". Chapter 11 (or 12) and understand it. Do most of sweet bobby's suggestions until you understand what you want to do. Make sure you have a good trading platform and cheap options.$2 an option if you can get it. Start with weekly call options and OTM by 1% on a $50 stock look at the 5050 or 5100 must be cheap with little spread. Same with puts 4900 and 4950. Look at the stock volatility will it move outside those ranges. Initially paper trade them Thursday/Friday morning at around 10am after the rush or if it looks good buy1 call or put and track it, sell it by the end of the day if positive. Repeat
You might be right on that one. He does have some interesting free stuff on YouTube though, esp with Haim Bodek. (Master Course for $3,000 big red flag)
Any fool who pays $3,000 for trading services/education...deserves to go broke and lose their account and go back to their regular jobs. Completely laughable. A sucker is born every minute. Browse YouTube and the Web and the library for generic useless theory trading information...and instead...Create your Own trading website. and charge only $2,500 for those bundled trader packages and chatroom jackoff sessions. I spend alot of time on ET. i should instead take my own advice...and build a half-ass trader website with informational education packages. and sell them for $1997....I will be laughing so hard, if i'm able to actually make one sale. ,
Obviously there are plenty of sources I can get the trading information for free. Having a mentor by your side showing you what your doing wrong or taking a different approach to certain situations is more justifiable to me than spending months or years trying to find a “building my own trading strategy”. I can go months or years trying to find a trading strategy that works but never being fully sure because in the long run consistency is what will make you or break you. So tell me then with all the time you spend on ET do you even have a successful strategy that works, if it does then go ahead and teach other and sell it there is nothing wrong with that. I started this thread for reviews on the man, not building my own strategy, if I wanted to take that approach I would have just started a thread about trading strategies.
I have turned a hypothetical $10,000 paper trading account into 97 million trading options in the SPY/SPX. Day in, Day out...compound. -- I have an uncanny ability to predict/trade/manage/monitor that broad market index on a daily basis. So what do I do now...package and market that sample study...all for the low price of only $9,995 I'll teach Everyone how to turn $10K into 90 million. (...it's hard to say that last sentence...with a completely straight face,) I don't know why...but when I think of marketing pitchmen...I think of John Cleese, A silly, condescending, smug man