Trading should be complicated

Windlesham1

Well-known member
421 24
I trade FTSE options-nothing else. why? Because it's complicated and if you ever come across anything in life worth doing,it is because it was difficult. You can open an account and lose £5k in a few weeks- yet you spend 13 years at school just to learn the basics- how can you possibly make money trading with zero education? How can you make money when you are trading against other spread bet punters? You just nett off your trades. Did IG suddenly get massively poorer?
Meanwhile....
I was curious to see what Greg Secker was up to so I attended one of his 'events'. It was terrible-and he has no success stories, yet he claims to have trained over 1/4 million people, who trade and win 70% of the time. Just think about that. All the banks would have lost all their money by now if that was true.
There are very very very few of us real traders who make money and who have never been on the 'inside'.I've always been a rebel and continue to annoy the world, but I am the real deal. So challenge me- if you want to trade options ask me something.
 
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tomorton

Legendary member
7,250 969
There's a strong sense of personal achievement in mastering something complicated, but neither the effort nor the complexity have any inherent virtue nor any extrinsic value.

The value of trading is profits, and if these come from a simple system with minimal effort, they are equal to anything from the most complicated system imaginable.
 

Windlesham1

Well-known member
421 24
There's a strong sense of personal achievement in mastering something complicated, but neither the effort nor the complexity have any inherent virtue nor any extrinsic value.

The value of trading is profits, and if these come from a simple system with minimal effort, they are equal to anything from the most complicated system imaginable.
Except there is no such thing as a simple profitable system-otherwise you'd have all the money in the world
 

tomorton

Legendary member
7,250 969
Well maybe I have.

But seriously, one of the simplest systems ever seriously traded was the Turtles'. We all know that it worked. Is there any evidence that this strategy or another equally simple system trend-following system will not still work?
 

tomorton

Legendary member
7,250 969
Except there is no such thing as a simple profitable system-otherwise you'd have all the money in the world

I'm not saying you should not be personally very proud of what you've achieved in trading - no doubt it has indeed taken years of experience and thousands of hours of experience. But that's not to say that route is the only one open to traders.
 

Sharky

Admin
5,540 288
I trade FTSE options-nothing else. why? Because it's complicated and if you ever come across anything in life worth doing,it is because it was difficult. You can open an account and lose £5k in a few weeks- yet you spend 13 years at school just to learn the basics- how can you possibly make money trading with zero education? How can you make money when you are trading against other spread bet punters? You just nett off your trades. Did IG suddenly get massively poorer?
Meanwhile....
I was curious to see what Greg Secker was up to so I attended one of his 'events'. It was terrible-and he has no success stories, yet he claims to have trained over 1/4 million people, who trade and win 70% of the time. Just think about that. All the banks would have lost all their money by now if that was true.
There are very very very few of us real traders who make money and who have never been on the 'inside'.I've always been a rebel and continue to annoy the world, but I am the real deal. So challenge me- if you want to trade options ask me something.
Just spotted this thread whilst doing some housekeeping on the forum (yes, we now have dedicated Options forum). I'm considering getting into it myself and wanted to know if there are any good options books you'd recommend?
 

Windlesham1

Well-known member
421 24
Options are NOT -repeat NOT as simple as buying and selling -that is for the morons at RobinHood who get blown up in a few months after a few lucky guesses. I have successfully used a strategy that has been tested in every market condition and makes money every time. Why am I not a millionaire? One word....confidence. Oh..and I'm a terrible trader
 

Windlesham1

Well-known member
421 24
Sharky, I'm always happy to talk about options but I cannot seemingly mention my website here-even though it's purely educational- perhaps Trade2Win would like to review that policy? I think we're on the same hymn sheet- I don't resent anyone making money out of the markets-except the big bullies who are actually terrible at investing people's money.I'd love to collaborate with T2W
 

Sharky

Admin
5,540 288
Sharky, I'm always happy to talk about options but I cannot seemingly mention my website here-even though it's purely educational- perhaps Trade2Win would like to review that policy? I think we're on the same hymn sheet- I don't resent anyone making money out of the markets-except the big bullies who are actually terrible at investing people's money.I'd love to collaborate with T2W
If it's purely for educational motives, sharing the love so to speak, then why not post the information on here? If there's a commercial aspect to it (ads, subscriptions, courses) then we understandably don't allow self-promotion. You did begin the thread offering to answer any question..
 

Windlesham1

Well-known member
421 24
The site has some advertising- not my doing, I'm afraid I just do all the writing. But as an example- the latest weekly trade- number 109 was a strangle which went from a credit of 62, and you could now close for about 10.About a 30% ROCE. In about 4 days. I don't like naked trades but as I say options are complicated- I know what I'm doing I'm just rubbish at doing it.
 
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Windlesham1

Well-known member
421 24
Trade 109 Going For Broke
As previously mentioned, when you think volatility has peaked, it should thereafter contract. Assuming it is as high as it is going to go. It does not usually stay up but spikes when news happens. Then contracts when that news is digested. Usually. Who knows what kind of mess we are in currently? It’s not about us panicking, it’s about everyone else- the weak hands, or dumb money. They buy at the top and get scared out of positions, when logically they might want to think about the reverse. So…Trade 109-we are going to sell a strangle. This may be a bad idea-which is a good idea because then we can show some adjustments. Nobody wins every trade and this might be a tad crazy. We are selling the 7050 call and the 6400 put:
 

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