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Trading: Equities, index options and futures/futures options
Posts: 190 since Apr 2010
Thanks Given: 66
Thanks Received: 198
His trading systems are for advanced option traders only. They tend to do well under the conditions they were designed for but can be problematic under adverse markets. For example, the Bearish Butterfly, designed for volatile, choppy markets, is having its first losing year with stocks moving almost relentlessly higher under mostly low implied volatility. If you have the experience or are willing to put in the time, money and effort to learn then starting with the M3 is the way to go. It is the trade that will teach you the most while best protecting you from serious loss during the learning process. The M3 will also pave the way for learning the Rock & Bearish Butterfly.
anyone else have any input on these methods ? Seems like you would have to buy all 3 systems to trade which would set you back 3 or 4 grand ! Sounds pricey for methods that don't have any track record
After reviewing many of the free webinars and having someone send me one of Lockes courses I am convinced that some traders are attracted to complexity. They feel that the more complex an idea is then the more money it will make them. Perhaps it's true for them and the mere fact that an idea may be simple just turns them off. One trader tells me about some of the SMB courses that trade almost 20 large spx contracts to make $350 a trade over the course of 2 months. They like to use the word tranche. Sounds so sophisticated I guess.
That seems like a lot of work and even with discount commissions something seems off. I guess it's just a matter of opinion and I gravitate towards the K.I.S.S ideas like those found with tasty trade or even option sellers . com with Cordier and his seasonal/ fundamental approach.
After researching some of these players/vendors I have come to the conclusion that complexity is not the way to go for me and I think most would be better following the excellent threads on this forum and avoiding those peddling complex ideas. The fact that this thread has had limited feedback tells me I am not alone in this conclusion. A sharp group we have here at Future io.