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ReplyThis statement is downright laughable. A 2% return per week will snowball to $297million within 10 years with just $10,000 outlay. Similary a 5% weekly return reaches $1,043 trillion within 10 years.
Even with capital drag setting in at the later stages, this guy could easily be worth at least $10 billion by now if he can really generate 2-5% weekly.
Now that I recall, I think he said per month and not per week. Nevertheless, still ridiculous numbers. ๐
It’s always that one strike that will wipe out all the gains.
ReplyEven the Speaker has discovered relative “safe” way to sell options week after week to make money; why is he that stupid to announce to the world to introduce more sellers. He should keep the secret method in his family and close relatives and friends and everyone in his family doesn’t to work anymore.
Do some thinking for ourselves before opening our wallet to attend such easy money making investment or trading courses.
ReplyI bet the fellow earn a few thousand % more from giving training courses than actually trading options on his own. This is the modus operandi of all trading seminars and training, whether for stocks, futures, forex, options, warrants and whatnot.
There is a relatively “safe” way to sell options, but it’s not naked selling. And you need to have some capital first because you need to have the underlying stocks. The stocks also need to be those super blue-chip boring types with many years of increasing dividends. Easy to implement in US markets.
ReplyIt is indeed possible to generate a cash flow from the above mentioned strategy. I have been doing that too.
However, I am using this strategy on commodities as it provides me with a wider range of “safetyness”. Which means that I can sell some 20-50% away from current price.
I believe that the weekly option teacher has executed his trades well. What he needs now is to infuse his investment with more capital in order for a larger return per week/month.
Reply“The speaker said that weekly options were a Godsend as you could now get income every week instead of every month.”
I hope those attendees at seminar have some common sense.
As we know that in the market there are limited buyers at favourable price. Why would the speaker be that stupid not to earn all the money for himself and encourge more sellers to eat into his lunch.
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