Study Guide for Dest's Journal

[KCalhoun]

Dest's directional market calls and trading insights have been brilliant over the years. Spot-on. Whinging about the lingo is for wankers.

#getalife

 

[newwurldmn]

Two great books if you can decipher a graduate-level text.
Hull or McDonald. We make everyone read McDonald. Not light reads.

I was told to read Hull and do all the problems. I even bought the teachers guide to check my work. It took me about 3 weeks.

 

[TheDawn]

You don't get it, do ya? The OP isn't interested in KISS and all that other investopedia.com nonsense. All he wants is to emulate Dest's PNL.

Best of luck to him!!

 

[TheDawn]

Dest's directional market calls and trading insights have been brilliant over the years. Spot-on. Whinging about the lingo is for wankers.

#getalife

When did you fall to the dark side?

 

[taowave]

Heres the thing...By and large,to "keep it simple" you need to understand the complex topics..

You will argue it,but in 5 years you will thank me..

I advise this to every single person who wants to learn about options and how to trade them. All they need to do is go onto investopedia.com and search for "options" and read all of the pertaining webpage articles. These articles are the best educational material one can read to learn about options. They explain all of the concepts of options in clear, unambiguous and easy-to-understand manner. And then to put what these articles talk about in practice, all they need to do is open a demo account preferably with live options prices and just demo trade options until they are comfortable enough and have developed a profitable strategy, then they can go live to trade small positions to put their strategy into the test and then gradually increase the trade size with each successful trade.

Many ET members here said "Keep It Simple" and I agree with them.

I advise this to every single person who wants to learn about options and how to trade them. All they need to do is go onto investopedia.com and search for "options" and read all of the pertaining webpage articles. These articles are the best educational material one can read to learn about options. They explain all of the concepts of options in clear, unambiguous and easy-to-understand manner. And then to put what these articles talk about in practice, all they need to do is open a demo account preferably with live options prices and just demo trade options until they are comfortable enough and have developed a profitable strategy, then they can go live to trade small positions to put their strategy into the test and then gradually increase the trade size with each successful trade.

Many ET members here said "Keep It Simple" and I agree with them.

 

[Darc]

OK, thanks.

Padu's Journal is better. Just saying



(Ken Calhoun calling people Wankers. Hilarious. Buy some more Sex Dolls Ken).

 

[hilmy83]

I think the pre req of learning from Dest is to trade options for few years, and just get your experience trading all different strategies. I think Dest caters to experienced traders who know the lingo and can associate it with experience.

Not for us dummies who still trying to figure out that married put is basically a synthetic call.

It's like you're tyring to explain short selling, and they still trying to wrap their head around that they can sell stocks they don't own.

 

[taowave]

Lol,Love Des,but that lingo is Des 101 .....

Ive traded derivatives at major IB's and a monster hedge fund,and no one spins my head faster than Des...

I think the pre req of learning from Dest is to trade options for few years, and just get your experience trading all different strategies. I think Dest caters to experienced traders who know the lingo and can associate it with experience.

Not for us dummies who still trying to figure out that married put is basically a synthetic call.

It's like you're tyring to explain short selling, and they still trying to wrap their head around that they can sell stocks they don't own.

 

[destriero]

Pfft, my lingo is w/o peer!

 

[Dual 1219]

The goal is not your understanding, it's simply that you kneel down and pray to him as the deity he believes himself to be.

Shit man, I'll worship him if he teaches me to trade options like he does.