Do trading education scammers (99.99% of the "industry") ever feel guilty?

[Kim Klaiman]

It is exactly relevant. Its far too easy to have 5 accounts, 4 of which suck, and 1 which, by way of statistical luck, turns out good.

They are not relevant because they don't trade SteadyOptions or Steady Condors strategies. If I have one account that trades longer term strategies using index ETFs, another one that has portfolio of Canadian stocks, and third one that has Tangerine mutual funds, how those accounts are relevant to what we do at SteadyOptions? The account shown in the article is the account that is dedicated to SteadyOptions and Steady Condors strategies, and this is why it has been selected to show how those returns are possible using those strategies.

Why do you not have a month by month update of your results?

Of course I do - right on the Performance page. Every single trade since inception.

So you are essentially saying that you don't really care about trading profits, or even if the alerts for trade signals work out

Wrong again. What I'm saying is that SteadyOptions is mostly about options education, combined with trades in real time. Trust me, without trading profits, the service would close very quickly and not become the most successful and highest ranked options trading service after 5 years.

The P/L listed in terms of % is so misleading since it could be a 30% win which amounts to $40.

You can't be serious.
10k account and 10% allocation per trade: 30% gain translates to $300.
50k account and 10% allocation per trade: 30% gain translates to $1,500.

I also see that 2015 was an exceptional year, and others were far below this, like 2016 which was -9.3% under the Steady Condor section.

Average CAGR is 80%+ for SteadyOptions and 17% for Steady Condors. Whatever it is good enough is for you to decide.

Granted, the equity curve for 2017 looks decent, but once again, going from 10k to 18k is only good for you, since you're actually paying your bills from the website and not your trading

You have no idea where I pay my bills from (and frankly, it is not really your business), so please don't assume things. My members pay me because they see value in the service, and don't really care how much I earn and where my income comes from.

which everything being written in terms of percentage, its really hard to compare things in terms of money made or lost.

Let me make it easy for you:
80% per year means that if your account value starts at 10k it ends at 18k. If it starts at 50k it ends at 90k.
Percentage gains are the ONLY right way to present performance. When someone says he made 100k per year, what does it mean? Was it 100k on 100k account (excellent result) or 10M account (not so much)?

 

[tommcginnis]

I don't want to insinuate ...

Yeah you do; and yeah, you did.

You (and others) should think about this before posting something like you (all) have: "Exactly what business model would *I* operate under, had I the skills and testicular capacity to teach or offer 'signals'?"

Earlier today, I wandered over to KKs site, and gave it 5 minutes. It's better than I could do; had I hired that site formation task for a fee, I'd happily write the check. Now, it was only 5 minutes, but I am *not* an easy audience. I kept asking myself, why are these guys giving him the stiff-arm?

So, WWGotchado?

 

[Kim Klaiman]

Yeah you do; and yeah, you did.

You (and others) should think about this before posting something like you (all) have: "Exactly what business model would *I* operate under, had I the skills and testicular capacity to teach or offer 'signals'?"

Earlier today, I wandered over to KKs site, and gave it 5 minutes. It's better than I could do; had I hired that site formation task for a fee, I'd happily write the check. Now, it was only 5 minutes, but I am *not* an easy audience. I kept asking myself, why are these guys giving him the stiff-arm?

So, WWGotchado?

Why?

As someone wrote to me in PM:

They will never be satisfied with your yearly or monthly brokerage statements...they will announce its "faked" just because other vendors are not able to produce yearly/monthly brokerage statements or others have faked such with some image altering program. They will never be satisfied if you posted daily brokerage statements with real-time trades posted in a chat room...it will be dismissed as fake even if you show the real-time posted trades correlated with the daily brokerage statement.

They will not post their own verification that they even trade...not even able to post a receipt from a charting service...nothing. No brokerage statements from them...the bashers. They will just continue asking for proof such as IRS statements, audits, live videos and such.

The worst ones...the bashers/trolls will then attack your race, your family, your religious beliefs "after" seeing your brokerage statements and they do such because they got nothing else to attack that involves just trading.

Personally, I think you've defended yourself well against other vendors that are scam/fakes/frauds but whatever you do show as proof...it will never be enough for them even if they were sitting next to you in the same room while you were executing the trades in a live platform in front of their own two eyes.

They truly want to see you dead, harmed and will publicly laughed about such if they were to find out something horrible had occurred to you.

 

[Gotcha]

You have no idea where I pay my bills from (and frankly, it is not really your business), so please don't assume things.

If my heart surgeon wasn't paying his mortgage from doing open heart surgery, I would be very concerned.

80% per year means that if your account value starts at 10k it ends at 18k. If it starts at 50k it ends at 90k.

So if we start with 500k, we now have 900k, but you already said this wasn't possible on your website because of liquidity. And you still haven't addressed how members are supposed to get in on these same traders if they are already liquidity constrained by you. If you were trading something like the ES, then I'd say no problem for everyone to get a few contracts, but this isn't the case.

Percentage gains are the ONLY right way to present performance.

Actually, you need both really. As you state, 100k profit by itself doesn't say much (although most people wouldn't mind that number year after year, regardless of how you get it), but percentages aren't enough either. A day trader trading futures with a 50k account can very easily have 500% and higher returns, but clearly this number is a bit vague without the qualifications.

Shame I don't know enough about options to evaluate further, but quoting this magical 82% number everywhere should really have you enjoying the sweet life and not having to put up with ET people, paying ET fees to be a vendor, and always trying to sign up new members, which seems to be the crucial part of this whole operation.

 

[pursuit]

I just received the following PM.

Hey, pursuit. My name is Iris Mittenaere. You might have heard of me. I am Miss Universe 2016. Even though I've never seen you I could tell by your writing that you're an extremely attractive young man. Let me cut to the chase. I want you in me.

 

[Gotcha]

Yeah you do; and yeah, you did.

You (and others) should think about this before posting something like you (all) have: "Exactly what business model would *I* operate under, had I the skills and testicular capacity to teach or offer 'signals'?"

Earlier today, I wandered over to KKs site, and gave it 5 minutes. It's better than I could do; had I hired that site formation task for a fee, I'd happily write the check. Now, it was only 5 minutes, but I am *not* an easy audience. I kept asking myself, why are these guys giving him the stiff-arm?

So, WWGotchado?

Finally a post of yours I can understand.

If you're happy with the site, then I'm happy for you. While you're asking yourself why are these guys giving him the stiff-arm, I keep asking myself why is this guy putting so much effort into signing up members when his trading skills should have him banging hot girls all over the world in different time zones and only sporadically checking his traders from his satellite internet connection on his yacht.

 

[tommcginnis]

I just received the following PM.

Hey, pursuit. My name is Iris Mittenaere. You might have heard of me. I am Miss Universe 2016. Even though I've never seen you I could tell by your writing that you're an extremely attractive young man. Let me cut to the chase. I want you in me.

I do *not* think she is sincere.

 

[Gotcha]

I just received the following PM.

Hey, pursuit. My name is Iris Mittenaere. You might have heard of me. I am Miss Universe 2016. Even though I've never seen you I could tell by your writing that you're an extremely attractive young man. Let me cut to the chase. I want you in me.

I got the same PM but she also mentioned that she would bring her sister when she comes to see me.

 

[tommcginnis]

Finally a post of yours I can understand.

If you're happy with the site, then I'm happy for you. While you're asking yourself why are these guys giving him the stiff-arm, I keep asking myself why is this guy putting so much effort into signing up members when his trading skills should have him banging hot girls all over the world in different time zones and only sporadically checking his traders from his satellite internet connection on his yacht.

The answer to your question is in one of your earlier posts:
"Ultimately, if you want to be a trader making a few thousand every day, you gotta be able to also lose a few thousand every day and not have this affect you one bit. If you can't see the mentor doing this live, and not having this affect him at all, not scaring him from putting on the next trade, then you quickly end up hitting a brick wall in regards to how much you can learn from him."

Do that with your money -- it's a free world. You can be the BSD on the block.
But if you try that with someone else's money, or if you purport to teach that mentality to others, for them to do (in happy ignorance) with their money, ...

Real live trading, with OPM, is no place for BSDs.
That is something you have to practice hard not to understand.

 

[Gotcha]

You can't be serious.
10k account and 10% allocation per trade: 30% gain translates to $300.
50k account and 10% allocation per trade: 30% gain translates to $1,500.

I have taken this from your website where you quote PnL for individual trades. The percentages go anywhere from -33% to +55%, but the portfolio value only changes by less then $100 to maybe $300. So clearly these percentages are based on the cost of the options. (ie. You pay $100 and make $50 on this, so its claimed as 50% P/L)