Past Experience with Wendy Kirkland - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Past Experience with Wendy Kirkland
Updated: Views / Replies:31,157 / 28
Created: by jamusued Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Past Experience with Wendy Kirkland

  #21 (permalink)
Elite, not Elitist :)
San Diego
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP / CQG
Favorite Futures: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 339 since Nov 2011
Thanks: 153 given, 401 received


jamusued View Post
Hi Beach Trader,

How was your experience with Optionetics? Does it teach any specific strategy that has similar performance to the QQQ system?


I took Optionetics a long time ago - probably 2001. Back then there were live classes. I am not sure how they do it now. I enjoyed the classes and don't regret signing up for it. However, I did not utilize it much as I got interested in day trading soon after that and my focus on options was taken away. Now I may go the opposite way. The classes I attended with Optionetics were mainly on verticles and calendars with some diagonals thrown in. There wasn't anything on trade adjustments which is what I am most interested in. That is what got me looking at OptionsAnimal (I am attending a presentation tonight), but I am still exploring Tasty Trade.

Reply With Quote
 
  #22 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,346 since Jul 2012
Thanks: 1,101 given, 4,257 received
Forum Reputation: Legendary


Cloudy View Post
yes, agreed it's a great thread on selling options. ron99 has been very generous, sharing, and helpful detailing how he likes to trade far out options on commodity futures and I believe his success. It requires a lot of premium and a decently big account to place the trades, then endurance of the nail-biting profit level dips of the position while waiting months.

I started options selling in Feb 2013 by just "dipping my toe in," with a $5,000 account, selling only 1-3 contracts per position. I did this, instead of my rigorous backtest process, because
1) it is hard to backtest options strategies,
2) in talking to @ron99, I knew he was the real deal (and that his method properly applied would work) and
3) fills are sometimes hard to come by with deep out of money options, meaning trading with real money is the only true way to see if the method is feasible.

After about 5 months, I went from sticking my toe in to sticking my whole leg in.

It can be scary, selling premium, especially if you are overleveraged. I follow the rules in the thread pretty closely, and I can sleep well at night...

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
The following 3 users say Thank You to kevinkdog for this post:
 
  #23 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 497 received



Chrismind View Post
Wow. I'm signing up.

results like those used to be regular news for options and index options traders,


UNITL,

more derivatives were released and adopted by the common marketplace, which drained away participation by thousands of market participants. Every wonder why so many option (equity/stock, index, and futures options) advertisements have been all the rage for the last 8 months?

there is a firm in Las Vegas, that has a number of partner traders, founded by their head trader, who got one of his starts in the S&P pits, back when it was called a full sized contract, and was new to the industry.

there was a firm called First Options of Chicago that peppered NY's Wall Street, beckoning thousands of the back office and front office workers to come taste the rich life of the options traders on the CBOE. this was shortly after the CBOE became an exchange. previous to that, your broker would have to rolodex call the other firms who made markets in options, hence the term OTC options.

there was an interesting Oliver Stone 1987 movie that barely touched upon the burgeoning options's lifestyle and trading. in fact they even gave out the strategy of how the "Arbs"would corner a stock through options... we now call them hedge(s) and hft's.

back then, you could regularly take a $500 stake and end up with serious 5 figure balances in a short time, just like that advertisement...

the expression: "the internet changes everything" surely applies to the ECN's that have destroyed the purpose and need for pit trading anything. well, it also destroyed those massive profits from options trading.

there might still be some cases of large outsized gains, but not the norm....

Reply With Quote
 
  #24 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,346 since Jul 2012
Thanks: 1,101 given, 4,257 received
Forum Reputation: Legendary


Cloudy View Post
For newcomers, it's good to be aware that this type of trading is far riskier than traditional types and a lot of room in the account should be allocated for drawdown dips.

AGREED!

If done incorrectly, selling options will ruin you.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote
 
  #25 (permalink)
Banned: trolling
NYC + NY / USA
 
Futures Experience: Advanced
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Futures: EMD, 6J, ZB
 
kronie's Avatar
 
Posts: 798 since Oct 2009
Thanks: 216 given, 497 received


kevinkdog View Post
AGREED!

If done incorrectly, selling options will ruin you.

wow, selling options....you're kidding

in the US, since so many foreigners or international members read / participate on these threads, the changes in US margins on non-futures options trading were raised through the roof a few years ago, having a $50,000 account just to be allowed to consider doing straddles and such writing of options means you're wasting your precious capital...

one might want to consider some other form of trading than writing options,
perhaps that's why so many thousands have left those investments in favor of emini trading

Reply With Quote
 
  #26 (permalink)
Trading Apprentice
Diamonda Bar, CA/USA
 
Futures Experience: Beginner
Platform: Lightspeed
Favorite Futures: Stock
 
Posts: 21 since Jan 2013
Thanks: 4 given, 6 received


BeachTrader View Post
I took Optionetics a long time ago - probably 2001. Back then there were live classes. I am not sure how they do it now. I enjoyed the classes and don't regret signing up for it. However, I did not utilize it much as I got interested in day trading soon after that and my focus on options was taken away. Now I may go the opposite way. The classes I attended with Optionetics were mainly on verticles and calendars with some diagonals thrown in. There wasn't anything on trade adjustments which is what I am most interested in. That is what got me looking at OptionsAnimal (I am attending a presentation tonight), but I am still exploring Tasty Trade.

Hi Beachtrader,

Please keep us updated on your experience with OptionsAnimal. The reviews from Bev Jackson were positive.

Reply With Quote
 
  #27 (permalink)
Elite, not Elitist :)
San Diego
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: AMP / CQG
Favorite Futures: CL, ES, NQ
 
BeachTrader's Avatar
 
Posts: 339 since Nov 2011
Thanks: 153 given, 401 received


jamusued View Post
Hi Beachtrader,

Please keep us updated on your experience with OptionsAnimal. The reviews from Bev Jackson were positive.

I attended their webinar but did not sign up. They didn't say what their price was, you have to call them. But I assume it's expensive.

Reply With Quote
 
  #28 (permalink)
Trading Apprentice
Diamonda Bar, CA/USA
 
Futures Experience: Beginner
Platform: Lightspeed
Favorite Futures: Stock
 
Posts: 21 since Jan 2013
Thanks: 4 given, 6 received


kevinkdog View Post
I wish the group that buys the product all the best, but I personally think you are going about it the wrong way (assuming a "group buy" approach doesn't violate Wendy's Terms of Service, which I am guessing it does - 7 people are benefiting from 1 subscription, which doesn't seem right )...

The alternative approach I'd recommend:

1. Learn all you can about options, through books (free from your library), the Internet (most basic info is free) and this website.

2. Decide on an approach (buying options, selling options, etc.). Research your desired approach. (here's a great thread on one approach to selling options: https://futures.io/options-cfd-trading/12309-selling-options-futures.html)


3. Once you have an approach that you think will work, paper trade it or (ideally) trade it with small size. You can backtest it too, but options strategies are tricky to backtest, due to lack of data, liquidity issues, etc.

4. Slowly build up size, and maybe add complementary approaches, as you gain confidence.


I followed this exact process at start of 2013, and am now trading options as detailed in the aforementioned thread. I am aiming for 40% annual return, and I feel this is well within my grasp.



Good Luck!

Hi Kevinkdog,

It is important to learn the fundamentals. However, you still need a strategy to put that knowledge to work and give you the edge in the market. It is much easier to learn from traders who have good proven past performance. I prefer to learn from others' mistakes as much as possible instead of making the same costly mistakes myself.

Reply With Quote
 
  #29 (permalink)
Market Wizard
Cleveland Ohio/United States
 
Futures Experience: Advanced
Platform: Tradestation
Broker/Data: various
Favorite Futures: futures
 
Posts: 2,346 since Jul 2012
Thanks: 1,101 given, 4,257 received
Forum Reputation: Legendary


jamusued View Post
Hi Kevinkdog,

It is important to learn the fundamentals. However, you still need a strategy to put that knowledge to work and give you the edge in the market. It is much easier to learn from traders who have good proven past performance. I prefer to learn from others' mistakes as much as possible instead of making the same costly mistakes myself.

I guess I did not do a good enough job explaining things in my response to you.

Good luck in any event.

Kevin

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
Reply With Quote

Reply



futures io > > > Past Experience with Wendy Kirkland

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Battlestations: Show us your trading desks and win $750 in prizes

August
 

Ask Me Anything (AMA) w/Rod Casilli @ Collective2

Aug 23
 

Prototyping Python Strategies (part 3, Live Trading) w/Ran Aroussi [1PM ET]

Elite only
 

Develop Strategies and Perfect Execution w/Brannigan Barrett @ Axia Futures

Elite only

Introduction to Phillip Capital futures brokerage services

Aug TBD

How Monte Carlo Analysis Can Help Your Trading w/Kevin Davey

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Analyzing trades: Past vs Future Big Mike Psychology and Money Management 7 October 14th, 2012 04:54 PM
Market position in the past toddma NinjaTrader 1 August 29th, 2012 10:14 PM
Past contract calenders patbateman Traders Hideout 6 April 3rd, 2012 05:17 AM
At BofA, Moynihan Grapples With Past kbit News and Current Events 0 January 24th, 2012 02:01 PM
Blast From The Past: Kyle Bass Was Right About Everything... Again Quick Summary News and Current Events 0 November 19th, 2011 10:50 AM


All times are GMT -4. The time now is 02:07 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-08-17 in 0.14 seconds with 19 queries on phoenix via your IP 54.196.126.39