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

[tommcginnis]

Not so. With futures, average ticks per trade rules.

Lots of people have options double in size,...

Your insistence of percentages is just clouding the real dollar numbers.

Ehhhh, no.
Hey, really not trying to pick a fight here, *nor* trying to defend anyone/anything not first supported by evidence ("Evidence!?! Whut's that???")
But by prior statements, Gotcha, you're not an options trader.
By the statement above, you think in linear terms.

There is nothing linear about options.
*Everything* -- by construction -- is curvilinear.
And what that means in practice is that holding an option position is like sipping risk from a fire hose: DON'T DO IT unless you're prepared to get wet when things blow right past you.
And, in the smallest consideration, it IS percentages -- *proportions* -- that matter.

 

[keen3312]

Why does SteadyOptions charge $100, and why not $10 -- and even why not $10,000? ....... (Translated from emoji: "Oh for fuck's sake.")

"Enough said..."

alright mr mentor ! you right ,always right
f off

People are willing to pay tens of thousands of dollars for college degree which in many cases is useless, but when it comes to $1k/year for trading education, they consider it expensive..
"If you think education is expensive, try ignorance".

man cut the crap , do this with 100 k account and im promise giving you 1000 $ a month
just doing it , you said in your website these are suitable for 100 k account
dont do every year 20 k 10 k and double that we dont want that

 

[themickey]

This thread seems to have attracted a lot of know it all noobs.
Suggestion to Kim, arguing and attempting to reason with these cocky children is wasting your time.
Replying to their trollish behaviour will agravate your position.

 

[Grantx]

I'm really surprised that you continue arguing about such basic concept.

Do hedge funds report performance in dollar terms? Ever seen hedge fund (or mutual fund) saying "we make $100M last year"? No, they say "we made 20%". Why? Because a billion fund making $100M is not the same as hundred billion fund making $100M.

At the same time, if I say "we made $8,000 last year", what does it mean? it depends what was the size of our model portfolio. How would you compare two services if one has model portfolio of $10k and another one model portfolio of $100k? If the first service reported gain of $10k and the second one gains of $50k, does it mean the second service has a better performance? No because it made 50%/year while the first service made 100%/year.

Hope it makes sense.

Its all relative. You just cannot get through to some people. Kudos to you for trying though

 

[Kim Klaiman]

This thread seems to have attracted a lot of know it all noobs.
Suggestion to Kim, arguing and attempting to reason with these cocky children is wasting your time.
Replying to their trollish behaviour will agravate your position.

I know.. When someone tells you that percentage gains don't matter, this when it becomes clear that his only goal is trolling and bashing, not seeking the truth.

Show me a hater & I'll show you a loser. Every Single Time.

 

[Gotcha]

I know.. When someone tells you that percentage gains don't matter, this when it becomes clear that his only goal is trolling and bashing, not seeking the truth.

Some people failed in life and they cannot stand that other people can be successful. Show me a hater & I'll show you a loser. Every Single Time.

You're twisting my words. I continually said percentages by themselves are misleading. You need more info than just percentages.

The truth remains that your 10k account has maybe grown to 18k, in 2015, and this might represent 80%, buts its only 8k in total, so good thing you have your hundreds of subscribers.

Lets face it, if you were such hot shit with your 80%, you could be running your own fund, collecting not only the incredible fees, but also the healthy profit sharing.

 

[Kim Klaiman]

1. Percentage gain is the ONLY thing that matters when evaluating performance.

2. Once again, 10k is just for the purposes of the model portfolio, it can be any number.

3. Actually we do have a fund. Going to be oversubscribed very quickly. And no, we have no illusions that multi million fund can replicate 80% annual returns. I always made it very clear, and we made it very clear to fund investors. Most investors will be very happy with 20-25%/year.

 

[007Arb]

1. Percentage gain is the ONLY thing that matters when evaluating performance.

2. Once again, 10k is just for the purposes of the model portfolio, it can be any number.

3. Actually we do have a fund. Going to be oversubscribed very quickly. And no, we have no illusions that multi million fund can replicate 80% annual returns. I always made it very clear, and we made it very clear to fund investors. Most investors will be very happy with 20-25%/year.

Warren Buffet like returns and higher than the returns from Bernie Madoff. So an understatement to say * investors * would be happy with 20% to 25% returns.

 

[Kim Klaiman]

Warren Buffet like returns and higher than the returns from Bernie Madoff. So an understatement to say * investors * would be happy with 20% to 25% returns.

Yes - but then again, Warren Buffet managing billions of dollars. We don't expect to manage more than few dozens of millions. And in larger accounts it is obviously much more difficult to get big returns. Matter of scalibility and liquidity. I can get 50-100% return trading our strategies in 50-100k account, but the numbers will go down as the account size grows.

 

[007Arb]

Yes - but then again, Warren Buffet managing billions of dollars. We don't expect to manage more than few dozens of millions. And in larger accounts it is obviously much more difficult to get big returns. Matter of scalibility and liquidity. I can get 50-100% return trading our strategies in 50-100k account, but the numbers will go down as the account size grows.

At least you are putting your money where your mouth is so better than 99% of the Pretenders out there. Good luck with your public fund.