Whale trading blueprint

This is a discussion on Whale trading blueprint within the First Steps forums, part of the Reception category; Magnetic Trading have very mixed reviews on the Traders Bulletin board I believe, and the same applies to Mark and ...

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Old Oct 28, 2017, 6:38pm   #16
Joined Aug 2015
Magnetic Trading have very mixed reviews on the Traders Bulletin board I believe, and the same applies to Mark and Cameron for that matter. I can't comment any more on that as you need to be a registered PIE member to gain access to the forum and that involves shelling out £3k to learn how to sell option puts.

From what I can gather there are 9 trades which make up the Whale program and I'm told this is one of them, but if this is the type of trade they come up with, I won't even try to buy a second hand one:

"FTSE EXPIRY TRADE - OFFICIAL TRADE
Expiry takes place between 10.10am -10.15am UK TIME every 3rd Friday of the month.

Between 10.10am-10.15am if I see a 9 or more pip move
(either up or down) from the 10.10am price I will fade this
back to the point of origin which is the 10.10am price
whatever that may be.

This is an extremely high probability trade for 9 pts"

Hardly ground breaking stuff from Magnetic, but no doubt hundreds of disciples will all make thousands each trading that every month

Last edited by Becks100; Oct 29, 2017 at 12:17am.
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Old Oct 30, 2017, 12:16pm   #17
 
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Hah ! The Whale Programme, it sounds like a variation on a theme by Magntic Trading. Malik and Austin were calling their system Big Fish trades a while back.
It's starting to make sense about their "verified trades" now. The good DR Rawlings is indeed accurate about this being a new system; and hence not much in they way of historical records. However, this "Whale Programme" is not really much more than a relaunched, re-badged version of the core trades they have been hawking for several years. Perhaps someone should ask the good DR to publish all his records for the various incarnations of their "system trades" going back several years.
One of their punters told me 5yrs ago that they never include Spread in their stats, and they told her it was simply "the cost of doing business". Well that said 'cost' affects the bottom-line, markedly. They publish "verified stats" to the unsuspecting "rainbow chasers" and yet they do not explain the significant impact it has on the bottom line.
It is no wonder they lose business when they show a growing equity curve, and the reality is many of their punters will barely be gaining traction on their trading account; while shelling out substantive sums in subscriptions to them.
I would suggest perhaps they make their money from marketing their services (Zero Risk ... even with their guarantees), and not their trading account (High Risk).
Their system (like most) suffers drawdown and/or slowdown. This results in the loss of punters, which is a significant loss of income stream for them.
Then they re-brand and relaunch, and hey presto .... no records of any statistical significance.
Maybe that's partly why they have a "live out of a suitcase" lifestyle in the Far East.
Reading DR Rawlings' posts, ask yourself some questions:
1. Why are Magnetic Trading monitoring this website .... paranoia perhaps ?
2. Why do they ask DR Rawlings to do their replying for them ?
3. They claim they are audited in Australia, where are their accounts lodged and published; online brokers LTG Goldrock perhaps ? I do hope not.
4. Interviewed on SKY by Andrew Barnett, the same guy who has been peddling systems for years (you can all dig the dirt on web searches, even on this very forum here), the same guy who now markets himself on video as a Senior Trader with LTG Goldrock; the same LTG Goldrock that are Magnetic Trading's conduit into Australia ?
It is indeed a small world.
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Old Nov 1, 2017, 12:44am   #18
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Good post Dave and an interesting read!

oh dear, it's all unravelling. Why are they hiding out in the Far East, it's a bit suspicious to me, do they have something to hide? trying to keep out of the jurisdiction of the UK financial conduct authority?

I guess they're looking for mug punters to shell out £4k for their latest reincarnation.

Anyway folks, make your own minds up, but I'm staying well clear of this one
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Old Nov 1, 2017, 12:18pm   #19
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Quote:
Originally Posted by Alanovic2 View Post
Have anyone any experience with this system. It has a very positive review on cashmaster's website.
To answer your question. I have experience with this system.
It focuses on 'high probability' trades'.
I can only say that in my experience, it works.
I only do the top 3 trade types (out of about 8 I think) which includes options expiry.
The options expiry is sometimes difficult to trade but has a very high success rate.

It cost me £3K which is a lot but these trades are with me long term and I'm happy with progress.
I lost money before making it, as I learned the trades and refined the program down to the three that I focus on.

That's it. I think the program cost is high, it's not a walk in the park to get anywhere with it (but I think that's mainly down to the trader), I have no axe to grind or agenda here, just to share how I got on with it.

As for Cashmasters option selling program, £3K is way too much. The concepts and practice are well established and should be taught for ca. £100.
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Old Nov 1, 2017, 7:13pm   #20
 
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Quote:
Originally Posted by clinician View Post
To answer your question. I have experience with this system.
It focuses on 'high probability' trades'.
I can only say that in my experience, it works.
I only do the top 3 trade types (out of about 8 I think) which includes options expiry.
The options expiry is sometimes difficult to trade but has a very high success rate.

It cost me £3K which is a lot but these trades are with me long term and I'm happy with progress.
I lost money before making it, as I learned the trades and refined the program down to the three that I focus on.

That's it. I think the program cost is high, it's not a walk in the park to get anywhere with it (but I think that's mainly down to the trader), I have no axe to grind or agenda here, just to share how I got on with it.

As for Cashmasters option selling program, £3K is way too much. The concepts and practice are well established and should be taught for ca. £100.
How did you randomly end up into this page out of the whole internet + did a registration only to have this as your first post?

The universe is full of surprises...
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Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Nov 1, 2017, 10:56pm   #21
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Quote:
Originally Posted by Quantt View Post
How did you randomly end up into this page out of the whole internet + did a registration only to have this as your first post?

The universe is full of surprises...
You are quick on the draw and beat me to it. IMO, scammers have a worldview that everyone is an idiot and hence they make post with that view in mind.
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Old Nov 1, 2017, 11:38pm   #22
 
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Clinkerhead-To answer your question. I have experience with this system.
It focuses on 'high probability' trades'.
I can only say that in my experience, it works.
I only do the top 3 trade types (out of about 8 I think) which includes options expiry.
The options expiry is sometimes difficult to trade but has a very high success rate.

It cost me £3K which is a lot but these trades are with me long term and I'm happy with progress.
I lost money before making it, as I learned the trades and refined the program down to the three that I focus on.

That's it. I think the program cost is high, it's not a walk in the park to get anywhere with it (but I think that's mainly down to the trader), I have no axe to grind or agenda here, just to share how I got on with it.

As for Cashmasters option selling program, £3K is way too much. The concepts and practice are well established and should be taught for ca. £100.



Thanks for turning up right on cue with your 1 very convincing post.

Last edited by David Knight; Nov 1, 2017 at 11:44pm.
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Old Nov 2, 2017, 9:21am   #23
Joined Oct 2017
'Right on cue'?

Right on cue - are the predictable set up ad hominem attacks that are only a keystroke away in T2W. Almost twitter-like.

You'd hope that a forum is a place for collaboration, instruction and information exchange but no.
Did you actually read my post? I tried to be even handed and honest with my experience of Magnetic Trading/Whale Program and my inspection of Cashmasters option selling product.

So, yes, you should thank me for 'turning up on cue' with a 'very convincing post' - I know what I'm talking about.
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Old Nov 2, 2017, 11:44am   #24
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Oh dear, this is quite funny. So Clinician only joined T2W a few weeks ago and the only post is to say our wonderful and profitable this £3k Whale course is!

Thinks the other course, which I assume is PIE is a rip-off at £3k but happily shelled out £3k for the Whale course!

So Clinician are you Mark or Cameron or some other rogue?
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Old Nov 2, 2017, 9:04pm   #25
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Quote:
Originally Posted by clinician View Post
'Right on cue'?

Right on cue - are the predictable set up ad hominem attacks that are only a keystroke away in T2W. Almost twitter-like.

You'd hope that a forum is a place for collaboration, instruction and information exchange but no.
Did you actually read my post? I tried to be even handed and honest with my experience of Magnetic Trading/Whale Program and my inspection of Cashmasters option selling product.

So, yes, you should thank me for 'turning up on cue' with a 'very convincing post' - I know what I'm talking about.
Huge coincidence don't you think, you're very first post on T2W and you tell us how you were happy to fork out £3k for a course but you think the other course promoted by Cashmaster and others (PIE) also costing £3k is not worth more than £100!!

And then you tell us how it's an investment for the future, high success rates and the rest of your claptrap and you expect people to believe you

Don't treat people like idiots, you have no credibility on this thread
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Old Jan 29, 2018, 10:55am   #26
 
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Quote:
Originally Posted by David Knight View Post
"Hear from our clients making 5 figures in their first week"

Yes......Of course.
What you make is irrelevant without knowing what you risk. They risked 5 figures and made5 figures... risked 50,000 and made 10,0000! Hardly a result. A lot of the Whale trades are unknown risk when you enter and less than 1:1 reward to risk
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Old Jan 29, 2018, 11:22am   #27
Joined Oct 2017
well Becks

I quote what I said:

'It cost me £3K which is a lot but these trades are with me long term and I'm happy with progress.
I lost money before making it, as I learned the trades and refined the program down to the three that I focus on.

That's it. I think the program cost is high, it's not a walk in the park to get anywhere with it (but I think that's mainly down to the trader), I have no axe to grind or agenda here, just to share how I got on with it.'

So I didn't say I was happy to pay £3K.
Do you bring this level of attention to detail to your trading?
Is that why you paper trade?

Let me ask you:
Tell me a FTSE or ASX options expiry trade that has lost money over the last year - that's right, 24 trades.
Answer - not one.
Tell me how the last 5 extreme gaps on the NASDAQ have not been profitable.
Tell me how FTSE R3/S3 trades are not profitable with a very high hit rate.
Answer - you can't. The trade history is as of record.

And as for option selling. Here's a tip that'll call you out. SELL some DAX 9800 puts now, today, immediately. If you're afraid then you know how to paper trade. Do it. Let's all watch as the options expiry worthless and you pocket the premiums. Perhaps you'll bottle it if there's a market correction or volatility spike? Perhaps you won't know how to take advantage of increased volatility? Of course you don't. See you Jun 15.

You're not the judge of my credibility, but there again grudge-filled trolls never are.
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Old Jan 29, 2018, 2:09pm   #28
 
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Quote:
Originally Posted by clinician View Post
And as for option selling. Here's a tip that'll call you out. SELL some DAX 9800 puts now, today, immediately.
WOW, how would you hedge this naked options sale? This is potentially the worst trade possible, because the risk is UNLIMITED? It will work until it won't just once and you might end up owning millions!
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Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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Old Jan 29, 2018, 4:39pm   #29
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Management is straightforward.

You can do and/or the following:

Have a predefined exit level, on the basis of premium%, points from strike, %capital or some other metric. There's your risk management right there. Stick to it.
You can roll the position (in one of several ways).

If you are worried about selling deep out of the money index options at 3-sigma or 30% below current price you can enter the position as a credit spread or a ratio credit spread. 3-sigma is the level at which 99% plus of the time price will not reach.

All trading carries risk and this approach is not for the faint hearted when it's tested. However it like most trades, it's manageable, as indicated above. This is a long established technique used by professionals. This is for indexes although some do it for commodities. Index skew is different so don't sell index Calls. Feel free to go back to the '90s and test forward. Pay particular attention to where there have been significant corrections and crashes because that's when this approach is tested.

Yes I've been doing it that long.
There is judgement involved with regard to what to sell and when and position sizing per trade (this may be one of the most important components).
You'll be batting singles and doubles, not home runs so compound your profits.
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Old Jan 29, 2018, 4:53pm   #30
 
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Good luck with that 99% when the bull market ends...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

Count de Money number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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