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My impression of David Caplan is similar (although I've never been a guest
at his home). I would recommend reading his books and subscribing to his
newsletter to any beginner.
I would, however, avoid trading through his firm Opportunities in Options.
As a client, I found his brokers to be merely to be disciples of David
Caplan...no independent thought and no cognizance of the ability to use
futures contracts to hedge options positions and vice versa. If I wanted to
put on a "Caplan" trade, hey no problem. If I had an idea of my own, it
seemed to tax the broker's brain too much to consider it.
Perhaps David's broker training program brainwashes them too much. Perhaps
the word on the OIO floor is to only push David's recommendations and no
others. Also, the commissions were way too steep.
So to sum up, David's approach to trading is a fair one so his books and
newsletters provide good insight. As to his brokerage firm...STAY AWAY
-RB
>I first became aware of David Caplan some 10 - 15 years ago. I have been a
>guest at his home.
>
>I have subscribed to his newsletter and would make this observation. His
>service is not about blind trading suggestions. Each issue has examples
>that are explained. If I never followed a trade of his (and I usually did
>not), I found that his examples and writeups were always educational in
>nature.
>
>I have attended one of his seminars and have several of his books, all of
>which I think are good.
>
>Dave is not a get rich quick man. When we last spoke, he indicated that he
>strove for a 36% annual return on equity for his managed accounts. Way to
>conservative for me.
>
>I believe him to be an honest man who makes an effort to educate people.
>
>I recommend his books and newsletter.
>
>I have no financial interest, etc.
>
>Paul Weston, CTA
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