Sang Lucci Day trading Master Course

Pekelo said:
1. The market is still bullish and volatile. Until that change near ATM calls will give a pretty good return close to expiry. 4 days to expiry is pretty good, thus Monday. If you look up the last 6 months weekly chart, this strategy made money 15 times out of 26. They were flat 9 times and only really down 3 times.

2. Tesla is because it is volatile thus you get more ROI as compared to other stock. Also it has been range bound. I have a thread on Selling IC on Tesla, the stock has been in the same range for 9 months now. Eventually it will move out of it, but I think the fanboys and the bad fundamentals balance each other out, thus no reason for the price to go very far from the current price.
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Looking at the SPY chart it makes sense still bullish and increasing volatility. I would be interested in using an iron condor strategy for Tesla, its mid range and isn't doing much. Nice pointing that out. The chart (monthly) looks to be favoring the down side fundamentally speaking, but who knows, so just have to wait and see. I can't see price going too far either, unless we get an extreme volatile move from the market for the upcoming week. Thoughts?
 
Definitely read Mark Douglas book “Trading in the Zone". Chapter 11 (or 12) and understand it. Do most of sweet bobby's suggestions until you understand what you want to do. Make sure you have a good trading platform and cheap options.$2 an option if you can get it. Start with weekly call options and OTM by 1% on a $50 stock look at the 5050 or 5100 must be cheap with little spread. Same with puts 4900 and 4950. Look at the stock volatility will it move outside those ranges. Initially paper trade them Thursday/Friday morning at around 10am after the rush or if it looks good buy1 call or put and track it, sell it by the end of the day if positive. Repeat
 
ironchef said:
I have multiple friends/associates who bought option trading courses. Sad to say none worked for them. Maybe this time is different, so good luck.
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I could have saved them the trouble. Then again, some folks like to get taken
 
SoesWasBetter said:
old glad hander Sang too busy selling stuff for me to believe he has any real mojo
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You might be right on that one. He does have some interesting free stuff on YouTube though, esp with Haim Bodek.

(Master Course for $3,000 big red flag)
 
surfer25 said:
You might be right on that one. He does have some interesting free stuff on YouTube though, esp with Haim Bodek.

(Master Course for $3,000 big red flag)
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How is it a big red flag? Im paying for his service, nothing in life is free.
 
kp95 said:
How is it a big red flag? Im paying for his service, nothing in life is free.
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Any fool who pays $3,000 for trading services/education...deserves to go broke and lose their account and go back to their regular jobs. Completely laughable. A sucker is born every minute.

Browse YouTube and the Web and the library for generic useless theory trading information...and instead...Create your Own trading website.
and charge only $2,500 for those bundled trader packages and chatroom jackoff sessions.

I spend alot of time on ET.
i should instead take my own advice...and build a half-ass trader website with informational education packages.
and sell them for $1997....I will be laughing so hard, if i'm able to actually make one sale. o_O, :p
 
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lawrence-lugar said:
Any fool who pays $3,000 for trading services/education...deserves to go broke and lose their account and go back to their regular jobs. Completely laughable. A sucker is born every minute.

Browse YouTube and the Web and the library for generic useless theory trading information...and instead...Create your Own trading website.
and charge only $2,500 for those bundled trader packages and chatroom jackoff sessions.

I spend alot of time on ET.
i should instead take my own advice...and build a half-ass trader website with informational education packages.
and sell them for $1997....I will be laughing so hard, if i'm able to actually make one sale. o_O, :p
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Obviously there are plenty of sources I can get the trading information for free. Having a mentor by your side showing you what your doing wrong or taking a different approach to certain situations is more justifiable to me than spending months or years trying to find a “building my own trading strategy”. I can go months or years trying to find a trading strategy that works but never being fully sure because in the long run consistency is what will make you or break you. So tell me then with all the time you spend on ET do you even have a successful strategy that works, if it does then go ahead and teach other and sell it there is nothing wrong with that. I started this thread for reviews on the man, not building my own strategy, if I wanted to take that approach I would have just started a thread about trading strategies.
 
kp95 said:
So tell me then with all the time you spend on ET do you even have a successful strategy that works,

if it does then go ahead and teach other and sell it there is nothing wrong with that.
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I have turned a hypothetical $10,000 paper trading account into 97 million trading options in the SPY/SPX.

Day in, Day out...compound. -- I have an uncanny ability to predict/trade/manage/monitor that broad market index on a daily basis.

So what do I do now...package and market that sample study...all for the low price of only $9,995 o_O
I'll teach Everyone how to turn $10K into 90 million.
(...it's hard to say that last sentence...with a completely straight face,)

I don't know why...but when I think of marketing pitchmen...I think of John Cleese,
A silly, condescending, smug man
 
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