Who's an Optionetics Grad?

on a Saturday.

As skeptical as I am always, I sat through the two hours without any response to the lecturer. I have to say I learned more about marketing skills than option trading.

Since I am pretty familiar with options theory, I don't think they will make you a success. Even its ads are true, the survivorship bias obviously dominates. Asking the company's 40,000 students, I would suspect most of them lost money by trading options. It is just not that easy a game.

However, they did attract some retirees to join their clubs and paid the expensive tuitions....
 
An update on my conclusions:

After a ton of research here is what I have found.

Optionetics: Is way too expensive and it seems like those that are making it work do not get the results till they fork up at least 10-20k for all the advanced workshops.

Spreadtradesystems: (I bought and returned) Was decent enough but it had several trading flaws, that I believe would only frustrate most students and their returns where HIGHLY exaggerated.

Riskdoctor: I highly recommend but he is not for the beginner, so buy a few basic books and know what your talking about before you call him. In a FREE 20 min phone call he basically filled in some gaps I had and I have been doing well since.

So here is my recommendation for anyone interested.

Buy some of the basic and intermediate books that some of the other senior members suggested earlier in this thread and once you have a good basic working understanding of options and their correct uses, then call the RISKDOCTOR for some fine tuning and I think you will be very happy with the results.

:cool:
 
An associate of the Risk Doctor(Charles Cottle) recommended 2 books:

"Fundamentals of the Options Market", Michael Williams & Amy Hoffman

"An Investor's Guide to Understanding and Mastering Options Trading", Bill Johnson

You can get Cottle's book free from his website at riskdoctor.com, but read the others first...
 
The key to success in delta neutral trading lies in the adjustments (greeks). One must estimate volatility very well to do this.
 
Quote from hb4775:

I went optionetics seminar last Oct. I think it is just for beginner who didn't have any experience (me at that time). You can probably learn all the knowledge from a couple of books in a couple of months. If I had read some books or know this kind of thread, I definitely will not go there. The problem i had is the strategies are easy to understand but you still don't know how to trade after attending the seminar. Then they will push platinum, advanced get or other software. I regret I signed platinum which i am not going to renew and luckily didn't buy anything else.

I have a question for more experienced traders her like volga. I started trading iron condor on index since I am a terrible direction picker. What is your guy's experience using iron condor as a strategy? What you guys normally trade, calendar spreads, diagonal spreads?

Thanks,

HB
More...
I don't see how anybody can trade options profitably without the help of some kind of analytical tool. For me, Platinum is the most comprehensive and cheapest of all.
 
I'm really glad this post popped up again. I read the entire thread and found some very interesting and helpful options guidence by VOLGA...but notice he/she no longer posts...anyone know if Volga is still on ET?
 
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