Are there any mentors out there?

Quote from BrooksRimes:

horribilicus does have a point. What I can offer is limited, certainly not as valuable as teaching someone to make millions(?).

My resume reads: Twenty five plus years of experience in software development and training. Strengths in analyzing problems/situations, then designing and implementing effective solutions within deadlines. Exceptional skills creating rapport with end-users, students and other team members to achieve common goals. Heavy experience in Microsoft Access & Visual BASIC for Applications (VBA). Special expertise with financial applications.

Credentials: CTT+ Certified Professional, CompTIA, Microsoft Certified Trainer, Microsoft Corporation, Microsoft Certified Professional, Microsoft Corporation, Certificate in Data Processing (CDP), Institute for the Certificate of Computer Professionals,
Degree in Data Processing.

So, what I could offer to do (any or all):
- automate computer tasks that you are doing manually
- create a database for any application you need
- write a program to test a trading theory you have
- teach you to develop in Microsoft Access (desktop database)

I've been very successful with long term investments and have written very useful programs based on modern portfolio theory, asset allocation and monte carlo simulations that I could make available to you.

My wife and I had successful software careers and retired at 50, bought a motorhome and now tour the USA. I've acquired a large knowledgebase of RV information and issues and can share that.
More...

just go to collective2.com and pick a couple of trading systems to subscribe to. you'll make money if you can pick the right systems. all kinds of traders on there, including options guys.
 
Trish:

I have a quick question.

How is it that you were able to obtain what you call "advanced training", without knowing how to use Theta or Vega (as you point out on page 2)?

Thanks,
Steve
 
Hello Trish:

Truth of the matter is that not having a complete understanding of Theta and Vega means that for every trade you ever put on, you gave up a significant part of whatever edge you had. That would include straddles, strangles, spreads, the whole works.

Just depends on how you want to approach the work. In my experience, professionals generally want to go from point A to point B directly. Amateurs may like to take the longer "scenic" route. It certainly is up to you.

Good luck,
Steve
 
Quote from steve46:

Hello Trish:

Truth of the matter is that not having a complete understanding of Theta and Vega means that for every trade you ever put on, you gave up a significant part of whatever edge you had. That would include straddles, strangles, spreads, the whole works.

Just depends on how you want to approach the work. In my experience, professionals generally want to go from point A to point B directly. Amateurs may like to take the longer "scenic" route. It certainly is up to you.

Good luck,
Steve
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theta ...vega...not that important...know delta...and know your UNDERLYING...if you're holding an option long enough for theta or vega to matter...you're messing up
 
Wrong..Wrong...Wrong

If someone else is paying the rent (Theta) knowing about it is very important. So anytime you are selling premium, knowing how Theta acts is very important. Think for a moment before you post.

If YOU are paying the rent (because you are buying premium) knowing how Theta acts is very important. Again it would be refreshing if one of you hosers took a moment to think.

Knowing how Vega acts is also very important. Get an education before you post this crap.

Steve
 
Quote from steve46:

Wrong..Wrong...Wrong

If someone else is paying the rent (Theta) knowing about it is very important. So anytime you are selling premium, knowing how Theta acts is very important. Think for a moment before you post.

If YOU are paying the rent (because you are buying premium) knowing how Theta acts is very important. Again it would be refreshing if one of you hosers took a moment to think.

Knowing how Vega acts is also very important. Get an education before you post this crap.

Steve
More...

theta may be slightly important...i think we are looking at different trading ideas...i am talking more about buying options..as opposed to selling them...when buying options...the biggest thing is the underlying...its obvious that options lose time value as time passes...but if you're buying options on a "go nowhere" underlying ...who gives a shit about any greeks...compare your delta to your time value and make sure you have a moderately good beta around 1-1.5..(if stocks)..for futures..volatility comes and goes...
 
I promised myself I wouldn't enter into the moronic-fray... vega is all-important as you increase duration and you trade atm. Gamma is all-important as you decrease duration. Theta is gamma-loan, as has been discussed. If you honestly believe that vega-risk isn't important then you've absolutely no business trading options in any capacity other than a proxy for stock[+/-90d].

Beta is meaningless whn those options you bought at 80% on the vol-line open at 50% after earnings. Options should not be routinely-traded as a fcuking substitute for SPOT!
 
OK Trish (and anyone else who cares to pay attention), you just got a $3,000 lesson in Options Trading, Level IV.

Look all those terms up and make sure you know them by heart, backwards and forwards, and what affect they have on any position you might be comtemplating before you put on your next trade.

My only question is, with all this knowledge out there, how does niederhoffer continue to screw up?

Later,

Jimmy

P.S. Are you kidding me? The reason nobody knows this ... is because they don't teach it!
 
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