How much does the course cost?
The course costs $2,795. There are no other costs for handling, shipping or taxes.
In addition, there is no special software or data feed required to learn or trade the
strategy.
"Just wanted to let you know that I closed out this month’s trade this morning at a $200 / position profit. Used the...method. As you know, this was my first trade using your methods. In retrospect, even though my execution was far from perfect, the result was as promised. As you said, the trade is fairly robust. It was a pretty stress free trade."
- LM
Do you provide references?
Yes. If you are serious about purchasing the course, simply let me know that you would
like to speak to one of my former students and I will make the arrangements.
"This month was my first month using real money. Last month, I papertraded and didn't use your last day adjustments and still came out a few dollars ahead. This month I used one of my real accounts. Based on current events, I was nervous about going into the weekend so I went ahead and closed my trade. I still made $2100 (around 3.7% return). Thanks again!"
- GH
How is the course delivered?
Once you sign up for the course, I will provide you with 18 hours of DVD Videos to review.
While you are reviewing the DVD Videos, I will provide support via email and/or phone
to ensure that you have mastered the trading
strategy. After you have completed the course, I will continue to provide unlimited support
via email and/or phone.
"I've been both backtesting and playing around with the strategy and it has performed excellent using OptionVue and real trading. It sure tests like a champ."
- DD
Do your results include commissions?
Yes. The results do include $1.50 per contract commissions.
"Great October video... that was easy money!"
- IS
How much money do I need in an account to trade your strategy?
I recommend that you have at least $6,000 in an account to trade one unit.
Sometimes we only use a $5,000 set aside.
Historically, our margin has never gone above $4,400 but it's good to have
a buffer.
"After a few years of learning (and re-learning) options... I feel I’m starting to have a deeper understanding of it thanks to you."
- RM
Does the strategy work on stocks, futures or stock indexes?
In the course I teach and demonstrate the trading strategy using options on
a stock index. I believe the strategy could be used on other trading vehicles
but I do not cover that in the course. However, I do discuss what factors should
be considered when choosing an underlying trading vehicle.
"Just FYI, I was able to exit the trade today at 11:48 PT at a price of...for a 5% profit. I was watching the market today and saw it was getting close to the exit point so I submitted the trade and about 45 minutes later it was filled. This is my second month trading your system now, and I am so pleased with it. Thanks so much!"
- GJ
What would cause a loss with your trading strategy?
Our position is constantly moving in reaction to market movement. Therefore,
our position is not just a sitting duck waiting for the market to do something in
particular to hurt us. To produce a loss the market would have to
move in some very specific
ways a number of times. This is very improbable and would be contrary
to normal market behavior. The point is that, compared to many of the
other options trading approaches out there, our strategy provides the
most improbable chance of loss. Not impossible but very improbable.
Until you actually learn the strategy this may not make sense to you.
However, once you see it in action, you will
completely understand your risk and you will have the tools to manage that risk.
"Thanks again, You did an excellent job of giving us our money's worth."
- DD
Are there any prerequisites for the course?
You should understand the basics of options trading and in particular the basics of
options spread trading. We do not cover the basics in the course. If you need this kind
of training, I would recommend the following site:
The Options Institute
"Thanks John. You are truly a man of your word, which is rare nowadays."
- DT
Is the strategy hard to follow?
If you have any options trading experience, you will find the rules to be very simple.
They are mechanical with no subjectivity.
"I can't thank you enough for what this method has done for me. I got in again on Monday and closed it out the same day for a 7% gain. Thanks again for everything, you don't know how much this has changed my life!"
- GH
If a trader follows the rules as outlined in the course, should his results match your results?
The only reason results would vary would be due to the specific timing
and execution of the fills. The strategy is very robust and
differences in timing and execution do not affect the
profitability. However, it might create differences in actual results.
"I didn’t have time to put the trade on yesterday evening so
I put it on this morning. By 3:45 PM, I closed it for an 8%
profit. Just thought I would let you know."
- LK
In order to implement your strategy, what software, data or other information services do I need?
You really do not need any software or services other than possibly your broker's software.
"I just made $489 dollars of real money. Again, thanks so much for training, neat stuff."
- DT
Do you recommend a specific broker?
I do not recommend brokers. However, I do use the thinkorswim.com
software as an example in the course. Commissions are insignificant when compared to our
profits so it is not important to find the broker with the lowest commissions. A decent
options broker with decent execution and risk based margin should be just fine.
"I'm determined to make this work as part of my monthly cash flow. This is the first strategy that really seems to nail profit consistently... So far, as stated, it really works great."
- DD
How much time do I need to devote to the monitoring the strategy during the day?
I usually check any open position between 12:30 and 1:00 PST (Market
Close). If I can close the trade and reach our profit goal, I will
submit an order to do that. This can be done with most
brokers over the phone if necessary. You could also do the once per day
checking between 6:30 and 7:00 PST (Market Open). The main thing is to
do it at the same time every day.
The other area of position maintenance is in regards to adjustments.
I always have open contingent market orders to make adjustments for me
when adjustment points are hit. It is a good idea to get alerts on
your phone or something else when these points are hit. You don't have to
do anything right away. The adjustment points are hit because the
market is moving in a certain direction. Not right away, but within a
half hour or so, you should place another contingent market order in
case the market reverses. Again this can easily be done with your broker
over the phone.
Also, I set alerts at other price points which don't necessarily
trigger existing market orders. There is no rush to make a move.
These are additional opportunities to exit the position with a profit.
Waiting actually usually helps bag more profit anyways. Again
you can close your position over the phone with you broker if necessary.
The need to adjust positions during the day is infrequent.
Many days go by without any activity. Additionally, we are only in the
market 42% of the time. You can carry around a piece of paper with
your critical numbers on it and if you get an alert on your cell
phone, you can call your broker, when you have a chance, to take any
appropriate action.
Overall, there is potentially some involvement required during the
day. However, it can be managed remotely using a cell phone and most situations can be
dealt with rather quickly when you have a chance.
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