Jason Ng asked:


Are you about to pay thousands of US Dollars to attend an option trading seminar this weekend?

Whether or not you have decided to join that weekend seminar, I hope I can help you make a more intelligent decision here.

A Grim Experience At An Option Trading Seminar

I had a friend who joined a weekend, 2 days, option trading seminar (a very well-known one by the way), promising that every participant will walk away with enough knowledge to profit at any market condition and be on their way to their first million just by option trading. He paid USD$3000 for the 2 days seminar and walked away feeling all hyped up but totally confused as to how exactly to start option trading. He was then told to sign up for an advanced course for another USD$5000 for 4 days. That 4 days seminar taught him little more than option trading basics and how to open a trading account but still completely no idea whatsoever as to how to read the market and pick stocks on which to trade options in the first place. He was then asked to buy a USD$6000 laptop containing a magical software that will tell him exactly what to trade daily. That software turned out about a hundred opportunities a day… again, he is totally confused.

After paying a grand total of USD$11,000, my friend had completely no idea how to start trading options consistently and you guessed it, he ran into another USD$11,000.00 in credit card debt which he is still paying 24% per annum of interest on. (Not to mention losing another USD$5000.00 on losing trades produced by that “magical software”)

The Truth About Most Option Trading Seminars

The truth about option trading seminars these days are that they are conducted by people who claimed to have made millions from option trading but are really making millions by conducting seminars like that.

Here’s a math from an internationally acclaimed option trading “guru” who charges USD$2500.00 for her 4 days seminars:

Cost Per Head : USD$2500.00

Average Number of Participants : 120

Average Number of Seminars Per Month : 2

Average Gross Takings Per Month : USD$600,000.00

Average Gross Takings Per Year : USD$7.2 MILLION!

See how these option trading “gurus” are really making their millions?

What Option Trading Seminars Really Teach

Sadly, most option trading seminars have nothing magical nor proprietary to teach. Most of these option trading seminars simply teach people what option trading can do and how to do some of the common option trading strategies which anyone can learn completely for FREE on option trading sites like http://www.OptionTradingpedia.com .

These fake option trading “gurus” then use a lot of hype and motivational techniques to make all participants think that they have indeed stumbled upon a gold mine.

What Option Trading Seminars Are Not Teaching You

Option Trading, like all kinds of trading activities requires foremost for the trader to be able to pick the right stocks that behave within the predetermined limits of the strategy in the first place. You will lose money if you do a bullish option strategy on a stock that stumbles eventually and you will lose money if you do a neutral strategy on a stock that suddenly surges. The ability to pick the right stocks is the real key to any kind of trading, including option trading and that is exactly what you will not learn in most of these option trading seminars. This means that most of these option trading seminars really have nothing proprietary to teach anyone at all!

To make up for the gap, these fake option trading “gurus” make participants sign up for stock picking programs or buy expensive software which eventually still led to nowhere. Being able to pick the right stock for option trading is an extremely tricky task which the best in the industry are still trying hard to do consistently!

Everyone who learnt option trading must then begin the long and arduous journey of looking for a reliable way of picking stocks for option trading consistently. That is a long and wide journey which includes learning about fundamental and technical analysis, different scopes and methods of trading options and things like that… things that really do have proprietary knowledge and which is ok to pay a fair price for.

I am sad to see so many people who loves to learn about option trading fall prey to these option trading seminars and to pay thousands to learn things that can be learnt for free. That is why I started the http://www.OptionTradingpedia.com where I provide all the information and knowledge all beginners need to know what option trading is and how to trade options and I sincerely hope that the public can help me to help yourselves by spreading the good news around.



Jason

Richard Bastien asked:


How would you like to get 20-25% a year on your investment money without risk. Sounds crazy would you say. What If I am telling you I have been making that kind of money in the past 4 years without one single bad trade.

On top of that what would you say if I am telling you that my investment method generates regular monthly revenue no matter which direction the stock market is taking. In fact when the market goes down sharply we make more money without risk?

Who would believe something like that ? Well think again. My name is Richard Bastien and I am a specialist in trading major Indexes like SP500 Dow and Russell 2000. I don’t trade individual stocks. I trade only instruments related to Sp500 Dow and Russell 2000.

I created my proprietary Index Trading System many years ago and tried to improve it along the years. You can find a lot of information on this index trading system on my site (see below). I worked very hard to be able to handle very well bad market conditions as well as normal market conditions.

I realized 5 years ago that I could use this system to generate regular monthly revenues using options on SP500 and Russell 2000. We can also use options on Sp100 and NASDAQ 100. Instead of buying Calls (Buy option) to play the market Up or buy Puts(sale option) to play the market down, why not sell Uncovered Puts under the current market position at a safe strike price and collect premiums month after month.

May sound weird but here is some examples of the past so you will understand better.

At the end of July I recommended 2 trades on Sp500 and Russell 2000. At that time SP500 index was trading at around 1500 and Russell 2000 at 810. I then recommended to sell Puts(sell options) on SP500 September 1350(strike price) at 7$ and sell puts on Russell 2000 September 710 at 6.30$.

On September 21st each contract sold for Sp500 carried profit of 700$ and 630$ for each Russell 2000 contract. Of course you need to have about 13000$ in your account for Sp500 and about 8000$ for Russell 2000 because selling uncovered Puts requires margin.

I publish on my site Options Trades page the result of several portfolios size like 10,000$ 25,000$, 50,000$ and 100,000$. All portfolios carried yielding of 20% in 10 months only. The trades were called in real time.

You can actually play this system with less than 10,000$ using what we call spreads. If we take our same example we would sell an SP500 September 1350 at 7.00 and Buy a September put 1340 at 5.50 for a net credit of 150$. This way you need only about 1200$ cash in your account.

I have a special method to determine the right strike price on each market so we never get caught in a sudden bear market. I developed my own software to graph each index and analyze carefully where we stand in each market daily. In the latest bear market last August-September we made big money while most of the traders lost. Imagine how easy it is when the market is sideways or up.

So don’t wait any further and visit the following pages on my site:

Options trading page

trading signals page

Index Trading System page

Main page

If any questions feel free to email me (see contact us page on the site) or even call me directly.

Thanks

Richard Bastien



Joseph