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I appreciate the aspect of your trading style that you've disclosed. If you don't mind sharing, what was the cause of you losing millions? Were you overleveraged and/or not properly hedged? thanks, Walt

I don't know... The assertions seems unbelievable; however, I'm very tempted to give them a shot... I wouldn't hesistate to give them a try if I knew they are legitimate..

Any news/info on consistentoptionsincome.com???

thanks for the reply... ...but I would imagine that if the hedged position is being held to expiration, then only pin risk would be of concern. However, I don't see why convexity/gamma would matter if I'm holding both the long & short option 'til expiration.

Is there a fundamental benefit to heding an option position vs. closing out the option, assuming the hedged position will remain intact through expiration? any thoughts... thanks, Walter

thanks for the referral. I actually reviewed their material about 1 or 2 months ago. Although consistentoptionsincome.com is very expensive in my opinion, I guess it would be worth it if indeed one could realize the consistent monthly returns that John Richardson professes.

What's the name of the website that allows you to follow any number of trading systems and their performance record, for a fee? thanks, Walt btw, does anyone have any experience with consistentoptionsincome.com?

Is anyone currently using his strategy? Based on his webinar and performance record, it seems to be a viable strategy; however, it's hard to pay $2k for a "look see" that may be a typical BWB trade with planned adjustment levels... thanks for your feedback, Walt

Actually, atm short puts with proper risk mgmt is easier to "stomach" than FOTM short puts. If not over-leveraged, atm short puts has a similar downside risk to a long position. Walt

Please elaborate... are you referring to dispersion trading? thanks, Walter

there are several sources (for free and for a fee) that will teach you about hedging option positions (i.e. spreads)... Focus on strategies that have minimal/managable risk. It's important to be able to manage/adjust the positions. Developing that skill is very important.

It's best to adjust from a position of strength... time provides that strength... If you strength is stripped, then get out! It's best not to get into a trade with no strength. Walter

I'm not sure why I'm doing this, as I don't know you at all. However, I feel compelled to "lend a hand". So here it is... HEDGE YOUR OPTION POSITIONS!... look at how the successful floor traders managed option positions... Hopefully, you'll heed this advise. It's truly worthwhile...

Neke, Options are safest & provide a mcuh better return on margin when you hedge your positions. Please consider implementing strategies that allow you to swing trade (i.e. weeks or months) hedged option positions. IMHO, hedging is the next best thing to a crystal ball. Iti's my only...

There are other ways to deploy a martingale type strategy without doubling down after each loss. For example, one could double down only after three consecutive losses. Or better yet, one could vary the size increase relative to the number of consecutive losses. For example, after each loss...

Mav, Does your firm still require $100k to join, or did you reduce it? I have an option/stock hedge strategy that requires a lot of leverage to be worthwhile. thanks, Walter

This is insane...

CL is looking like a classic bull flag setup...

thanks for the feedback... Correct me if I'm wrong, but I believe that you were able to achieve success before the 10k screen time hours, right? The fundamental problem/challenge I have is that I tend to have a mixed bag of potential setups for entering a trade as a trend or reversal when...