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I would like to know if Simpler Options is a scam
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I would like to know if Simpler Options is a scam

  #1 (permalink)
Trading Apprentice
Albany, NY
 
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I would like to know if Simpler Options is a scam

Does anyone know anything about Simpler Options

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  #2 (permalink)
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  #3 (permalink)
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For retail options...


there is nobody better than Option Monster dot com

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  #4 (permalink)
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Not a scam

I am paying member, however I do have a "grandfathered" deal. I think they charge 150 a month for a "gold" membership and I would not pay that much. I believe they do have like $7 for a month type of deal so u can try see if it works for u. It is owned by John Carter who is relative well known discretionary trader. I emphasize the "discretionary" because JC usually acts like he has a system which he does not.
I am not saying there is nothing to learn from JC, the biggest benefit I think is "watching" over his shoulder how he manages his trades, however he does not spend much time there. The room includes Carolyn B /fib queen/ and some of the members are in just for her. If u r in a learning phase I suggest to check out tastytrade. It is funny and a lot of good info for mostly options traders but stock traders can find it useful as well. Also it is free!!! Tastytrade by Tom Sossnof who is one of the two founders of Thinkorswim. He, they did sell TOS to TD a few years back so now he is fully involved with his new venture. Also they just launched a new website "dough" and that helps to visualize an option trade. /risk, vol, prob etc.../

Hope this helps.

Atata

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  #5 (permalink)
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atata View Post
It is owned by John Carter who is relative well known discretionary trader. I emphasize the "discretionary" because JC usually acts like he has a system which he does not.

Atata

This is as perfect a description of his "method" as could be written.

I am not a member, but I did check out his free videos for a while, and almost everything was a pitch to attend a paid webinar, or a "free webinar" which in itself contained incomplete information but where another pitch was made to attend the paid "complete" webinar.

He has created one helluva webinar factory.

Nevermind his trading system, this dude is making BIG BUCKS off of his site. Ironically, I think it makes it a lot easier to trade when you don't have to worry so much about losses, since you have a great secondary revfenue stream. That is the real lesson here IMHO.

But I do encourage you to see for yourself.

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  #6 (permalink)
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More on JC

I agree it is a lot easier to trade when u can put together a reasonable stake in no time in case u lost it all in a mayhem. The truth is JC does make a lot of $$$ just trading. He did have a ~1000 tsla call option trade on this year which netted him 1.5 mill in less than 24 hours. Or just this week on Thursday he bought 21 si contracts and next morning he was up more than 100k. I do not follow JC at all however the si trade this week did make sense to me and I did buy slv options. JC spends in the room maybe 4 hours a week and the rest is done by Henry G mostly who is/was pretty useless when it comes to trading. JC is spending a couple of more hours a week to "market" his 2 websites, so it is making perfect business sense to me for lets say 8-12 hours work a week to make an extra ~3 mill or so before expenses...

Hope it helps

Atata


Last edited by atata; February 15th, 2014 at 09:09 PM.
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  #7 (permalink)
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Can u give us more details?


wldman View Post
there is nobody better than Option Monster dot com

Why?

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  #8 (permalink)
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Well...

I guess that statement is anecdotal. John and Pete are Chicago floor guys that have an impeccable track record of success in the business. They have been through every major market and business shift of the last 30 years and have never been far from the top in terms of productivity or reputation. When it comes to options trading I'd trust them with my last dollar.

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  #9 (permalink)
Market Wizard
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atata View Post
The truth is JC does make a lot of $$$ just trading.

Hope it helps

Atata


Who knows what the real truth is? Lots of people get into trouble buying into statements like this.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #10 (permalink)
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tasty trade


tasty trade has a thing called 'Dough'....check it out....I am not a subscriber (don't trade options). also, have a thing called 'Bob' for I think $100 a month to see all of Tom Sosnoff's trades (both futures and options). I just trade futures...they have been perma bears of the ES, NQ etc since I started watching em last fall. If you followed their futures trades you would have been 'blown out of the business'....there style in futures is cannon balling....however, seems like they are very good in options.

anyway, here is an interview they did with a very successful options trader this past week...they are entertaining.

https://www.tastytrade.com/tt/

p.s...the interview is on the right hand side (Karen the supertrader)

The Market is Smarter than You Are
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