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John Locke M3/Rock/Bearish Butterfly
Started:October 18th, 2013 (10:50 AM) by Arif Views / Replies:2,285 / 2
Last Reply:October 19th, 2013 (10:02 AM) Attachments:0

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John Locke M3/Rock/Bearish Butterfly

Old October 18th, 2013, 10:50 AM   #1 (permalink)
Trading Apprentice
Detroit, MI/USA
Futures Experience: Intermediate
Platform: TOS
Favorite Futures: Options
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John Locke M3/Rock/Bearish Butterfly

Does anyone have any feedback on any of John Lockes "systems, It's difficult to find any info out there other than the self promotion stuff.

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Old October 18th, 2013, 10:50 AM   #2 (permalink)
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Old October 19th, 2013, 10:02 AM   #3 (permalink)
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New York, NY
Futures Experience: Advanced
Platform: OptionVue
Broker/Data: IB
Favorite Futures: RUT, SPX options
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Posts: 146 since Apr 2010
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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.

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