Hi Bill

This is my first visit here though I have read heaps of posts from you on Planet Wealth and I have always been extremely impressed with your enthusiasm, integrity and commitment. Better stop there or I will give you a swelled head!! I am very happy to be aboard.

Recently I attended a seminar on technical analysis using Candlestick charts and
I was advised there that options were a bit too hard for beginners because there are so many variables to consider compared to just share trading. Made me think I am going about things all the wrong way. But options was where my son and I started , having done Nik Halik's course....we didn't start out with share first. Then I had a couple of "Expired worthless" trades where I thought I could out-smart my own trading plan! Youch!!!

Therefore, with my capital much reduced, my position at present is sitting on the sidelines watching the stock market spectacle and wondering when I will ever have the courage to get back in. And is options trading for me now or should I take a step back, wait for the beginnings of a recovery, then just focus on medium term share trading?

I'm not asking for financial advice, Bill, as I know you cannot do that but I would be really interested in your opinion about whether options are too complicated for beginners or not. At present I have stopped my subscription to Bourse so feel very cut off from it all, and I do miss it. Do you think in this environment that technical analysis can still assist in directional options trading or is the volatility just too great? Or do you think now is a good time to educate myself and wait...

I'd love to hear your comments, Bill, and anyone else who would like to share their feelings or experiences on the subject

Many thanks,
Carmel

Hi Carmel! Welcome aboard and thanks for your excellent question.

The answer I think is no. Options are actually very simple and it bothers me that some educators out there want to make it seem much more complicated than it actually is. That's one of my goals actually. To spread the word on not only how simple they are to understand but also how simple they are to trade.

I can actually show you everything you need to know in one day. I know that many people will scoff at that but it's true. Of course it will take you a few more days to really become familiar with the ins and outs of how to (mechanically) trade but believe me - anyone can do it. In fact the trading is not the hard part. It's the actual "taking the plunge" that stops most people. You see a trend developing and you buy either a Call or a Put, you surf for a few hours (or until the trend stops - sometimes it only takes a few minutes!) and get off. It's really that simple.

Technical Analysis not only assists but it's the only thing I use! Let me give you an example... Take a look at his picture and tell me what you see.

http://www.onedaywealth.com/images/trading-proof/the-perfect-day-trade.jpg

It's obviously been in an uptrend all day right? Take a look at the option price on the right and you will see that you could have bought it for as cheap as $1.00 and sold it at the end of the day for anything up to $1.70! I'm sure you can find a 10% trade in there somewhere...don't you? I teach how to run a $20,000 options trading business which means that once you get up to speed you will be trading $20,000 in and out. $20,000 + 10% = $2,000. Is that enough for you for one day's trading? What about if you had stayed in all day and taken a 70% return? Would $14,000 be enough profit for you in one day? How often would you need to trade if you could make returns like those? Once a week? Once a month? Once a year?! $14,000 would make for a nice yearly holiday budget wouldn't you say?

I can teach you how to find trades like these and let me tell you they appear on average once a week if not more often. If you've got the guts to get on (and the reflexes to get off if they go against you too far) and have the skills to know exactly how to get on and get off (easy to learn) then you will have the skill of making your own money mastered. But "how do you know to get on and get off"? you may ask.

I'll tell you now that I would have stayed on that trade until I got a signal to get off? What was that signal? I'll tell you. I use a moving average (that is revealed in the course) to tell me to get off a trade or to stay in. If I see a full complete opposite coloured candle (if I'm going up I look for a full complete red candle below and a green one above if I'm trading down) appear on the wrong side of my line, that tells me to get out. Without giving away too much have a look at this picture of the same day but in candle format...

http://www.onedaywealth.com/images/trading-proof/the-perfect-day-trade-candles.jpg

Do you see an exit point? Me either. If I was lucky enough to have got on on this trade in the morning I would have stayed on for the whole day. Now you tell me. Was that too complicated? Of course not. Every single person who is reading this thread can learn this very simple method and I'm out to teach it to you all.

Now for a little advertisement if you don't mind:
If I could teach you how to trade like this it's pretty obvious you would be financially free in a very short period. What would that be worth to you (to become financially free)? I can tell you that if someone can teach me how I can make $14,000 even once a year I would have been very interested. Let alone a regular few grand a week or even a few extra grand a month.

My goal is to teach you all how to make potentially (my licensee - bless 'im - says I must use the word "potential") a few grand a week or more so that you can stop having to go to work and be really free and to make a few bob doing it. I can tell you one thing for sure...I like to make it simple not overly complicated just so that I can appear more clever than you than. This is simple basic stuff. All you need to do is know how and I'll teach you if you let me but to answer your question again. No, it's actually quite a simple process.

Hi Bill

Thanks for the quick reply and the Nab example. I see what you mean but this is day trading. I work part-time and would only have 2 or 3 days max a week to sit and watch the charts. Am I correct in thinking that you could not use an automatic stop-loss with this strategy so you would have to be watching, or can you set certain percentage loss and gain stops? Not that I have ever had automatic stops set because my broker wouldn't do it so I had to know the price and then decide.

But now that I think of it, Day trading may still be better for me because when I was in my directional trades (bought put or call) which went for 2 or 3 days or longer, I would be stressed at work having no access to price information. I do not think it really suited my lifestyle.

Do you use a full-service broker or just a trading platform? We were advised to get a broker: brokerage $80, so with small amounts invested per trade $1000 - $2000, and 30-40% profit stops, 20% stop losses, progress, if any, was slow. Sorry for the rant.

I am glad to hear that you don't think options are too hard for beginners. Initially we were attracted to them because you could risk relatively small amounts and also potentially make quick profits. And we have experienced the worse ie losing 100% investment in the trade. Ah, the psychology! Thought I would be fine with it but the green-eyed monster is a powerful beast.

Is psychology included in your study DVDs? Do you think that options trading is riskier now in the current financial climate or not much different? And lastly is there still enough open interest to exit your trade when necessary? Thanks for your help

Regards
Carmel

Thanks for the quick reply and the Nab example. I see what you mean but this is day trading.

Yep.

I work part-time and would only have 2 or 3 days max a week to sit and watch the charts.

Perfect. Once you learn how to trade at will you can trade 1 day a year of you want.

Am I correct in thinking that you could not use an automatic stop-loss with this strategy so you would have to be watching, or can you set certain percentage loss and gain stops? Not that I have ever had automatic stops set because my broker wouldn't do it so I had to know the price and then decide.

You can't set automatic stop losses on options in Australia. You will have to get out manually when you either made or lost enough.

But now that I think of it, Day trading may still be better for me because when I was in my directional trades (bought put or call) which went for 2 or 3 days or longer, I would be stressed at work having no access to price information. I do not think it really suited my lifestyle.

I hear what you're saying and you're right. This style of trading suits people who can only occasionally set aside time for trading. Being in an options trade that you can't monitor these days is financial suicide (in my opinion).

Do you use a full-service broker or just a trading platform?

I instruct and use etrade only. I've eventually "relieved" all my brokers of their duty over the years. We are the only ones who know what we want and when we want it.

We were advised to get a broker: brokerage $80, so with small amounts invested per trade $1000 - $2000, and 30-40% profit stops, 20% stop losses, progress, if any, was slow. Sorry for the rant.

Under-powering your option trades is a common mistake new traders make and scared instructors teach. Options trades (in my opinion) need to be powerful and short. Otherwise you are just playing or and tormenting yourself.

I am glad to hear that you don't think options are too hard for beginners. Initially we were attracted to them because you could risk relatively small amounts and also potentially make quick profits. And we have experienced the worse ie losing 100% investment in the trade. Ah, the psychology! Thought I would be fine with it but the green-eyed monster is a powerful beast.[/QUOTE]

I presume that the green eyes monster you are talking about is greed? I teach to stay in a trade until you meet a financial goal or the trade tells you to get out when it changes direction.

[QUOTE]Is psychology included in your study DVDs?

Not really but I do discuss getting in and out of trades and a few emotional issues. People make way too much of the whole "psychology of trading" like it's some sort of mystical nirvana of consciousness enlightenment. I prefer to focus more on the psychology of having to drag myself to a job I hate and let that dictate what I do. It's exciting when you win and a bummer when you lose. These emotions will occur every day. Is it greedy to want to capture as much money as possible if it means being able to stay at home and be financially free?

Do you think that options trading is riskier now in the current financial climate or not much different?

I think this environment is perfect for options trading but the basic rules still apply. Hit hard, hit fast and get out. Stocks move much more overnight than they do during the day and this volatility make holding overnight options an extremely risky proposition and basically a 50/50 "bet". I liken it to driving at night with the lights off in a rain storm and day trading to driving during the day on a clear bright day. If you can see what you're doing you can respond much quicker and travel quite far.

Trading overnight in this volatile environment is extremely risky. I teach overnight or multi day trading as well but only with profits made from day trading and only for small amounts or about 5k. Any less and you won't profit enough from a decent move but might wake up with a nice surprise. Any more and you are risking too much and face a massive hang over.

And lastly is there still enough open interest to exit your trade when necessary?

I have never seen open interest as being that relevant to be honest, I know what you're talking about and the mythical "150+" mark but for day trading the most important thing is to find where the crowd is (I'll show you the quick and simple way I determine where the market is) so that you can quickly slip out of the trade when needed. I only deal with 5-7 of the most popular stocks anyway so finding willing buyers and sellers shouldn't be a problem.

Australia is a relatively small market but with skill and practice and using my experience to avoid some of the most common mistakes that everybody will make I think it can produce or replace a very nice income. It does require attention though. I don't teach the set and forget (then lose all your money) methods that the others do.

You sit down for a few hours in a comfortable position (anywhere you can hook your computer up to the internet - Sydney, Paris, New York, Harvey or Rockhampton - this is as portable as your laptop is) and extract your thousands from the market then get up and go about your business. If you are on a trade it's like driving a car. There is no autopilot that can drive your car for you. You must drive it yourself but that's how we all drive our cars when we want to be safe isn't it?

Thanks for your help
You're welcome, thanks for asking. These questions and my answers will help a lot of other people reading this as well. Your questions are very common and I appreciate your taking the time to stop and ask. :1tu:

Hullo Bill

Sounds silly but I couldn't find this thread to read your very thorough reply. I am still learning to negotiate around the forum but suddenly thought of trying a search and presto!

Everything you said makes great sense particularly about being in an option trade overnight. It is a bit like crossing your fingers, holding your breath then turning on your charts with great trepidation to see the results. It does sound a whole lot better to place your trade, watch it and get out when you need to, all on the same day. No more trading stress on the days when I'm at work, only work stress then...

So Bill, is all this type of information going to be on the new DVD you are still working on, and do you have any idea about price or when it will be ready? Also would you recommend the Bourse or some other charting software for day trading?

Your enthusiasm is contagious, so thanks for that!

Regards
Carmel :scratchchin:

Hi Carmel, you should have received an email with a link back to this thread but if all else fails you can head into your User Control panel (UserCp) which if you scroll up you will see at the top left on every page. In there is a heading called Subscribed Threads and a sub heading called "List Subscriptions". In there you will find all your listed subscriptions. Failing that use the search - exactly like you did. It's very comprehensive and should find all sorts of relevant threads. This is still a very young forum but should grow steadily over time as I use as the main method to communicate to you all.

As far as the new DVD is concerned; yes it will cover everything that I cover at a 3 day training session and will eventually replace the need to attend with the obvious added advantage of being watchable over and over again until you get it right.

Pricing has not been decided yet but I want to make it affordable to all who seek this type of information yet still respects the impact it will have on your life. How much is something worth that teaches you to create (potentially - as I get jabbed in the ribs by my licensee) thousands of dollars a week? What is elimination of a job worth? I can tell you from personal experience I would have paid almost anything to not have to get out of bed some mornings to go to a job in a cold factory to earn less that 1 measly thousand dollars.

I'd love to be able to just give all this experience away and help save the world from a daily misery but the commercial realities are that it has value. One thing's for sure, I won't be charging people thousands of dollars for a bunch of infomercials and introductory lectures. I will be offering hard facts and real lessons which will have a direct financial impact on your life.

The main reason I got involved in this was I saw people losing thousands of dollars (sometimes tens or even hundreds of thousands of dollars!) and for a a tiny fraction of what they were losing every week I could add a lot of understanding and people often went on to reverse their misfortunes and often made many times the cost of the course. This is my ultimate satisfaction and what I am aiming at.

It will be less than 1 month's potential earnings that's for sure but I plan for it to be one of the most useful options instructional DVDs ever offered with the support needed to make sure that you have as much chance of succeeding as you and everyone deserves.

Hi Bill could you please explain to me what you meant by this

Under-powering your option trades is a common mistake new traders make and scared instructors teach. Options trades (in my opinion) need to be powerful and short.

cheers thanks mate

Julian

Good question Julian. Let me explain...

Under powering your trade is when you catch a move (your analysis is right) but you don't put enough cash behind it to make a decent profit. I teach how to run a "$20,000 Day Trading Options Business" meaning that you wait patiently for a decent move to begin then put all your force behind it resulting in decent "takeable" profits in short amounts of time.

When I decided to really put some effort into a strategy that suited me I started with trying to figure out what was most likely to happen on the top half a dozen stocks during the day. I had to narrow it down because it's difficult to monitor more than 6-8 stocks per day.

How often would you consider an option doubled in value during the day? Not very often (maybe a few times a year if you're lucky).

How often would you say that an option raised 50% in value during the day? More often but still not very often (maybe once a month).

How often would you say that an option raised 25% in value during the day? Again, more often but still not very often (maybe twice or three times a month).

How often would you say that an option raised 20% in value during the day? More often (maybe once a day) but you'll have to be quick to catch it.

How often would you say that an option raised 10% in value during the day? Probably every day on at least one stock.

How often would you say that an option raised 5% in value during the day? All the time. There is at least 2 or 3 stocks that carry a trend for at least 5% increase in value during the day.

How often would you say that an option raised 2-5% in value during the day? There is at least 4 or 5 stocks that carry a trend for at least 2% increase in value.

So if you want to be able to profit from happens normally every day you would have to profit from a 2-10% move. If a 10% move = $2,000 you would only have to catch one a week to make a very nice wage and if you caught 2 or more per week then...well, you can do the simple maths. Is $10,000 a week possible. My word it is. It may take some practice but at least there is a chance. How much more can you make if you work harder at work? Usually nothing more than you would normally get.

Using $20,000 (which is nothing compared to how much a normal business or franchise costs to buy) let's have a look at how much you can make if you can catch those 2.5-20% option price raises in value.

Correctly powered
2.5% of $20,000 = $500
5% of $20,000 = $1,000
10% of $20,000 = $2,000
20% of $20,000 = $4,000
25% of $20,000 = $5,000
50% of $20,000 = $10,000
75% of $20,000 = $15,000
100% of $20,000 = $20,000

I have traded all those profit levels in one day so I know they are possible. However I'm only looking for $2,000-$5,000 a week to replace pretty much every normal wage known to workers in Australia. $2,000 a week will replace 80% of the worker's wages would be my guess. So really all you need is to catch one option move per week for 10% to replace your wage. One 10% option move is very likely. How often have (those who monitor option moves) have you see an option go up in value from $20c to 22c or from 50c to 55c or from $1.00 to $1.10? Or from $2.00 to $2.20? All the time.

But lets have a look at the underpowered trade. Many traders want to put in a very small amount of money because they don't believe they can get it right so let's look at what would happen if $1,000 was used. $1,000 is a very normal amount of money that most early traders are told by all those "Academies, Institutes and Universities" to put down on an option trade from my experience talking to hundreds (if not thousands) of people on the topic so far - I talk to a LOT of people about this).

Under Powered
2.5% of $2,000 = $50
5% of $2,000 = $100
10% of $2,000 = $200
20% of $2,000 = $400
25% of $2,000 = $500
50% of $2,000 = $1,000
75% of $2,000 = $1,500
100% of $2,000 = $2,000

You'd have to get a 25% move before it was even worth your effort and there are not too many of those as we saw. So under powering your option trade leads to less successful trades and hardly any successful option day trades and virtually no successful stock trades. If we are to make use of what normally happens in the average life of an average top 10 option during most days we are looking at between 2.5-5% raise in value. Using $20,000 will yield a decent weekly wage and probably some savings.

The ultimate goal is to replace your initial saved or borrowed $20,000 with profits as soon as possible so that from that point onward you can use profits and if you lose profits what have you really lost? Nothing. That's what I call risk free trading and from there it's smiles all the way. My dream and goal is to take traders to that point as soon as possible so that we can all enjoy risk free trading and take advantage of the storm of great trades that are about to happen as the market races toward new highs again.

Once the trends start returning you will see predictable 10-50% trades almost daily and with $20,000 on your average trade you're looking at a potential profit of around $2,000-$10,000 daily. I've seen it happen and I want to show and prepare people for how to extract that amount of money from the market each and every day or at least every week.

I see it happening all the time. The trick is to know how to isolate those trades and be able to reliably hop on and profit. I mean, how many $2,000 trades do you need every week to replace your income? Not many (and you can count a few losers in there as well) and so we can see that by targeting the average move with enough power we can reliably make some very decent cash. Usually more than enough but by under powering our trades we will normally miss out on nearly all of them.

I've used amounts of between $1,000 and $100,000 on single trades and all amounts in between and through my own experimentation (with real money) I have discovered that $20,000 is the magic figure. Even $10,000 is under powering a trade in my experience.

I suggest that all new traders start with a tiny 1 contract trade just to get the hang of it but as soon as all the mechanical moves are learned and mastered (it might take a couple of trades to get the hang of it) but that they soon consider bumping up to a workable figure of $20-$30,000 dollars.

That may seem a lot to some but let's compare it to the amount of money that people put into buying their way out of wages by buying a small business or trying to start a fresh new small business (most of which fail). What sort of business can you buy with $20,000? More to the point, what sort of business can you buy with $20,000 that will produce $2,000-$5,000 per week on a regular basis?

And perhaps the ultimate point is how many businesses are available to buy for just $20,000 that can be running on full profit with no risk to saved or borrowed money within a month or two (even 6!) that will produce between $2,000-$5,000 per week (if not per day!)?

That's why I love day trading options so much and want every adult in Australia exposed to the concept and hopefully my education so I can bring them up to speed as quickly as possible. I want people to know that going to work is perhaps the worst way to make money. It's necessary while you raise $20,000 to invest with but how many people have you seen who take that money and spend in on some poxy commodore with mag wheels and a fancy paint job or on a Caravan or try to buy a rental property with it or worse, just spend it at the Casino or the Pokies or on beer (nothing wrong with beer mind you)? I know people who have lost 5-10 or more times $20,000 on other trading schemes alone and not thought twice to keep rolling out into more and more losing trades (I've done it myself!). Some people even come at me with $100,000 or more and say "teach me to trade options".

I say "put $80,000 back in the bank and just bring $20,000 to the business and let's use it efficiently. They are surprised and very happy once they are reaping the rewards. Take Suzy from the main page of www.onedaywealth.com. She has made $14,000 in just 3 trades and is working from home while looking after her 4 kids. Now she's pretty sharp but let's use me as an example. If I can do it (an ex welder with C and D Grades at school) then you can be assured that most anyone can do it (except those with bad attitudes and cynical outlooks of course but that's OK because we need someone to work in the factories don't we?)

Once you've raised your learned this skill you can trade from anywhere in the world using just a laptop (we have traders in the US, UK, Switzerland, Canada, New Zealand...all trading the Australian Options Market these days) and even though no doubt the big boys of the wealth industry will be copying me and my techniques shortly I've not yet heard of one course that teaches how to day trade options like this. It's been possible since last century but as far as I know I am the only one teaching exactly how to do it on a regular basis and concepts like "correctly powered" trades are crucial to my strategy.

Hi Bill,
I have to say how inspired I now feel after reading these posts today. Along with many others I have been quite despondent about the market and trading in general. However after reading these posts on the forum I am once again excited about trading options and our future. It all makes so much sense. We have now recommitted to refreshing our technical analysis skills and watching your DVDs again with a view to getting back into the market by January. Attitude is an amazing thing, Thankyou Bill for your support and inspiration
Cheers,
Rosalie

Thanks Rosalie. Very few things please me as much as knowing I have inspired people to take action.

When this market returns anyone who has bought my Put Spreads DVD better dust them off and study them again because the Put Spreaders are going to make a whole pile of cash! Good to hear from you as well. Yeah, forums are great for brining people together either again or for the first time. I encourage your participation.

Hi Bill, thanks for the clarification 20k is exactly my trading bank size in your put spread dvd do u teach day trading or just credit spreads i have done the Nik Halik course which i think i might do again now as a refresher before doing your course, if i did the 3 day personal home training will u teach both credit spreads and day tradeing.

Cheers mate

Julian

Hi Julian,

The "Understanding Put Spreads" DVD is just about Credit Put Spreads. However, if you buy it at the moment I will upgrade you for free to the new Day Trading DVDs when they are released.

Nik Halik course will help you a lot in Day Trading (if you lose 90% of the indicators that is). The 3 day 1on1 in house training includes some advanced Put Spread techniques and Super Surfing examples but will mostly be focused on teaching you how I day trade and setting you up exactly like me.

By the way, when the market starts to return the clever Put Spread seller will be able to make HEAPS with just 5k. Perhaps even build up a Day Trading bank. Nothing could make me happier than seeing someone start with just 5k and build it up to replace their wages and then surpass them and then go on to build a 7 figure bank account. I believe that with the right trading techniques it is possible but you have to be dedicated.

Hi Bill
Yes I got inspired again, after the last years continuous "Rollovers" and making no money, only giving it to the brokers going with another company.

Cheers
Jean

Hi Jean.

What do you mean "going with another company"?

For clarification I teach you how to operate by yourself using a normal retail account at Etrade. This is a very simple procedure which anyone can learn and there is nothing like trading yourself - in silence.

When you are in control of your bidding and asking prices you can open and close an order as many times as you like adjusting as you see fit. If you had to ring a broker to put on a trade, take it off, put it back on, take it off again, adjust the price up, adjust the price down, then again back up, then take it off the board. You would drive them bonkers and it would harm your trading because you would be too shy to call and adjust when you just hung up after an adjustment but all that can be done in silence and as many times as you like if you are doing it yourself.

I find this to be a real bonus when day trading as you have to be really quick sometimes.

Hi Bill
What I ment was last year I was involved in another co (not your One day) and did my dough with them, and like I said the brokers got much more than I did, what cost a trade is etrade??
Cheers
Jean

Hi Bill

I see what you mean about under-powering option trades and getting nowhere very slowly. That was me, And also me sweating it out overnight too scared to look what the US had done overnight. Consequently I have just been sitting on the sidelines, dying to have a go but too scared to do it after losing most of my bank.

My husband likened the under-powering business to betting on horses. He said the amateurs place a small bet and want to win a few 100% at least while the "big boys" put a large amount on the odds-on favourite to win 70%.

Are your put spread DVDs on special at present? I am not sure if I got that email recently and somehow deleted it, or whether that was from quite a while ago...a senior moment, I fear! Are you still doing any spread surfing? Would those DVDs help me with day trading, which I am really getting excited about or should I wait for your new release.? Do you explain how to pick the stock and also how to use the trading platform on Etrade? Do you talk about formulating a trading plan?. I have an account already with them which I set up for SPPs but I don't think I can use that for options, not sure.

So many questions. I look forward to your reply, and like many others I am getting fired up by your encouragement to trade again. I want the freedom to travel and spend time with my husband and to show my kids that there is another way to get where you want in life. Thankyou, Bill, for you committment and enthusiasm.

Regards
Carmel

I see what you mean now Jean. Etrade is a bargain at $40 per trade plus ACH ($1.02 per contract) + GST. I set brokerage at about $150-$200 per trade to be sure.

Carmel, thanks for your encouragement. Overnight sucks unless you are trading with profit so if you lose it you don't care. These days stocks could go on any direction then come straight back at you in the opposite direction. Day Trading is like driving during the day and overnight trading is like putting a brick on your accelerator tying a rope around your steering wheel attached to your ashtray and letting you car drive around the streets by itself hoping that when you get up in the morning somehow it would have miraculously parked itself back in your driveway without a scratch.

I do teach trend trading (using very simple crossovers and some basic swing trading techniques but I strongly encourage my students to trade overnight only with profits made from day trades. In fact I encourage profits to be banked as soon as possible so you can put all your saved and borrowed money back where it belongs.

Sorry the Put Spread DVD special ended on October 1. Spread surfing is going to be HUGE very soon. As soon as the market starts to turn there are going to be some tremendous waves and all those who suggested that Put Spreads were a thing of the past will be eating their words. Put Spreads are a great way to use big money but I also want to show (in a special segment on my new DVDs) what amazing things can be achieved by selecting the right powerful trades and using just $5,000 on one spread. It can be almost as good and lucrative as day trading options but the analysis has to be a little sharper. You're husband might smile when I say it's "different horses for different courses".

I don't go into picking stocks too much on the Put Spreads DVD but the new DVDs will have much more analysis on them. Mostly Swing, simple trends and support resistance is all you need to know to become a great day trader of options but the more you learn (especially about candles) the better you'll get. A sharp day trader can make upwards of $10,000 a week using just $20,000 bank. I've seen it happen - done it myself. But I want to show people how to make a lazy $2-5k per week. Most people stare and blink a lot when I say that but you'll get used to making thousands a week pretty quickly and will have your sights set on that $10,000 mark.

I've seen $10,000 made in one day on one trade. Past results don't mean anything of course but the potential for each trader to benefit from excelling is brilliant and really feeds the positive minded individuals thirst for growth so it suits us all perfectly. The trading plan is simple. Wait for certain green lights to go off, get on with all your power and get off when the red lights come on. Simple but not so easy. You have to work at it but...lol...I'm an excellent teacher and I want your success (it's my business).

You want to travel? This skill travels very well. When you have the time you trade and you close. No need to worry about overnight trades. You trade when you have time and see the opportunities. If you want a day off to enjoy your new scenery then leave the machine packed away. There is nothing like making the entire cost of your trip in one trade and as for wanting to spend time with the kids and husband I expect earning cash from home is a great way to achieve that. Yes, day trading does take more time than spreads but the results can be astonishing and in the end that means more days off and less worrying. Works OK for me.

Hi Bill

Sounds great to me too and I loved the car analogy. My bank would come from a line of credit I have recently set up but I would certainly be happy to pay that back as soon as possible. Time for education, me thinks.

Regards
Carmel

Hey Bill
Thanks sounds sooo I was sitting here blinking as well, but with my past mistakes I am a little apprehensive, but I'll have to put my toe in the water real soon
Cheers
Jean

Apprehension is normal. Don't expect to feel like trading again until you really know what you're doing. That's my job is to give you some real skills so that you can trade like a real and proper trader by yourself with confidence and in a (generally - it can get pretty exciting at times) relaxed manner.

Besides, with the Secure OneDayWealth Trader's Talk Chatline you are never really alone. There are always traders looking at the exact same screen you are, there are only about 6 or 7 stocks to watch and it's all laid out for you. You see a move you get ready and if it continues you get on, use the Option Sports Calculator that I've developed to do all your maths for you and get off either when one special candle (that I will teach you) tells you to get off or you've got so much profit that you are happy to walk away. Someone in the chatline just took a small profit a few minutes ago actually and all the other traders were there to support them. Alone it would be tricky, together we can do it.

Thanks for that Bill, I will have to get the DVD's and start get going
Cheers
Jean

That's probably one of your better investment decision (even if I do say so myself :wink: ). You will discover that I am unlike all the other educators out there because I actually want your success (not just a few bob) and you will get the training you didn't get up to now but wish you had. I am after your success and want to build a whole army of successful traders. So head on over to http://www.onedaywealth.com/dvdhomestudy.html read the whole page to make sure it's what you really want and you'll be prepared for the upcoming surge of great trades that have been coming our way.

Buying this 4 DVD (5 hours) set currently also entitles you to a free upgrade to the new replacement DVD Volume 2 (until my business manager tightens the screws) which will include all sorts of goodies like Day Trading (made easy), how to set up Bourse and etrade charts, understanding swing trading (more lately known as "Peaks & Troughs") as well as more advanced Put Spread trading techniques that have a suprised look on more than one person's face.

Options aren't too hard for beginners at all!

Once you have Bill's recommended programs up & running you will be amazed, and maybe like me, even a bit disappointed you didn't take the step a long time ago to be trained by Bill. I've been a member for a year now. I wish I'd known Bill long before then. But, at least I do now, and I'm getting to know all of you to help with my experience towards financial freedom. I knew NOTHING about options until I met Bill. NOTHING! I have withdrawals when I can't open The Bourse or see a chart on a daily basis now! I love it! :2tu:

This is probably not the right place for this question (but there is a method to my madness), is there a way to subscribe to a thread without posting? This thread is fantastic and I know one that I will want to read again, which I will be able to do easily once I have posted here (which is why I ask here) but is there a 'subscribe to thread' button that I am too blind to see?

Thanks heaps

Tina

Tina, try clicking on "Thread Tools" at the very top of the thread.

Ha ha, I knew it had to be simple! :wallbash:

Thanks! :2tu:

Tina