|
PureBytes Links
Trading Reference Links
|
Correct: those percentages are more indicative of a "short option" position
situation...
i.e. selling premium, not buying it.
Something's wrong here unless his profit per trade is low....
> -----Original Message-----
> From: Tirebiter_g [mailto:tirebiter_g@xxxxxxxxxxx]
> Sent: Tuesday, July 01, 2003 2:22 AM
> To: blucar@xxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
> Subject: Re: Any options traders here ?
>
>
> My "looks too good to be true" indicator light went on while browsing his
> website. How can he be profitable on 60-80% of his trades when
> he is buying
> out of the money calls and puts?
>
>
> ----- Original Message -----
> From: "John Blucar" <blucar@xxxxxxxxxxxxxxxx>
> To: <omega-list@xxxxxxxxxx>
> Sent: Monday, June 30, 2003 10:09 PM
> Subject: Any options traders here ?
>
>
> > Not being an options trader I thought I might pose this to the list:
> >
> > I'm considering trading options, but only using a hotline with a posted,
> trade by trade win record of like 76% to 81% over last 2.5 years.
> >
> > We always hear trading options can be more risky than other types of
> trading, but with win percentages like those how can you loose ?
> >
> > Are fees and commissions for options relatively excessive compared to
> trading
> > e-mini futures ?
> >
> > I'm considering Steve Sarnoff's hotline as he gives a trade
> once per week
> and you hold an average of 2 to 6 weeks till target objective reached.
> >
> > Certainly sounds like it beats staring at a computer screen all day ---
> daytrading.
> >
> > The trade by trade track record looks rather impressive --- if you
> invested only $5,000 in each trade since Jan 1st 2000 his record
> shows like
> $660,000 today using about $20,000 to $25,000 starting equity
> (you need like
> $5,000 to $6,000 for each weekly play times about 4 weeks average
> hold then
> you start recycling the first trade back into the next and so on).
> >
> > Of course he shows peak price prior to trigger so if you figure catching
> only 66% of each move you still get like $435,000, and then reduce it a
> little further to factor in commissions and fees.
> >
> > But all this is without compounding leverage, or re-investing your gains
> into larger positions each time.
> >
> > Any constructive comments appreciated.
> >
> >
> > John
> >
> >
> >
> >
>
|