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  • Market Meltdown: Greece, Others Race To Default [View article]
    '$8,000 on track to returning $60,000 for a $52,000 profit (650%). That's what, 10 years of your unproven returns?"

    Well, there are few things that you conveniently "forgot" to mention.

    First, right now the trade is up around 27k, not 52k. In order to realize 52k gain, you have to wait till 2017 (that's 1.5 years).

    Second, and more important, even if you earn 52k, that's not 650% profit. Why? Because you sold naked puts, and the trade requires around 43k in margin. So even if you get the maximum gain, it is around 120% gain, in 2 years.

    That's 60% annualized return. Which is not bad. But if I make 10% return in 7 days, that's 500% annualized. And this return is real return on margin, not return on cash.
    Jun 18, 2015. 12:16 PM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    Maybe it's not such a good idea for you to verify my performance. If you do it like you did with my NFLX, AAPL and AMZN trades, it would just reveal your complete ignorance (scroll few pages up to see my response to your "analysis" of those trades).
    Jun 18, 2015. 11:44 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    This reply actually reveals your complete ignorance, and I'm glad that you gave a chance to finally expose you.

    So first of all, this is a paragraph in the article that you might have missed:

    "my favorite way to play earnings is buying a strangle a few days before earnings and selling it just before earnings are announced (or as soon as the trade produces a sufficient profit)."

    So those trades would be closed before earnings.

    But lets assume that I did hold till expiration like you suggested.
    The NFLX trade is a reverse iron condor. Do you know when reverse iron condor makes money? When the stock makes a big move and goes beyond the short strikes. So with NFLX at 83 (below the 95 short strike), the trade would actually make 63%, not lose 100%. If closed before earnings as planned, it would make around 15%, with minimal risk.

    AAPL trade would be closed before earnings for ~10% gain.

    AMZN would be around breakeven if closed before earnings or 60% gain if held till expiration.

    "AMZN was another total disaster at $226, some poor bastard following that trade would have collected less than $5 and had to pay back $26 for a 520% loss" - I'm not sure where you are taking those numbers from. The trade was:

    Sell AMZN April Week4 2012 175.0 put
    Buy AMZN April Week4 2012 180.0 put
    Buy AMZN April Week4 2012 195.0 call
    Sell AMZN April Week4 2012 200.0 call

    Do you realize that this trade was done for about $3 DEBIT, not $5 credit??

    You either didn't bother to spend few minutes to understand what the trades are, or you have no clue how those trades work.
    Jun 18, 2015. 11:39 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    Sure, do it on my SA trades. They all were posted in real time (or with minimal delay due to SA editorial review process).
    Jun 18, 2015. 11:17 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    "Don't make me go through the rest of your trades - unlike the people you try to dazzle with your BS, I actually understand the construction of all of these trades and have to tools to verify the performance."

    Please, by all means, do it. Take any trade of the trades I gave, or any trade from my performance page and verify it.
    Jun 18, 2015. 10:33 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    I didn't say it's bad to have hundreds of ideas. It's just much more difficult to evaluate REAL performance when you have so many ideas. I'm sure it works for some of your members and doesn't work for others. Same with my members.

    My style works for me and my members. Please just respect it. My performance is not questionable at all. How can it be questionable when I post all trades in real time, with screenshots of my fills? Anyone can pick ANY trade from the performance page and I will provide full details of the trade. Anyone can also take a FREE trial and verify all trades on the forum.

    If I was a fraud like you say I am, I wouldn't become one of the most successful and fast growing options services, after less than 4 years, with zero marketing and advertising.
    Jun 18, 2015. 10:16 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    No, I didn't know that you don't have them. Any trading newsletter has at least some track record.

    Not sure why you keep saying "there is not one shred of actual evidence" when all my trades are on the performance page, and all details are on the forum, posted in real time. If the performance was fake, do you think my members would stay even one day?

    You asked me for some trades, I gave you trades - now you saying I'm cherry picking trades from 3 years ago? Make up your mind.

    Here are few more:

    AZO reverse iron condor produced 20% gain in 5 days - http://seekingalpha.co...

    FDX reverse iron condor produced 27% gain in 7 days - http://seekingalpha.co...

    SPY butterfly produced 33% gain in 6 days - http://seekingalpha.co...

    RUT Iron Condor produced 51% gain in 24 days - http://seekingalpha.co...

    The difference between you and me: you throw hundreds of trades and see what sticks. I make just 12-15 trades per month, but they are low risk, well researched and hand picked trades. Is my style and results better than yours? Well, we don't know, because you don't have a track record.

    As for number of followers - yes, you have 56,000 followers after 2,000 articles, compared to 2,600 follower after 110 articles. The ratio is pretty similar actually.

    Phil, there is something you are missing here. My original question was completely innocent. I did not mention my service. I actually respected you, before you started the whole war against me. Maybe it's for good that you exposed your real face. You are trying so hard to prove that your way of trading is the only one that works - it doesn't reflect well on you. We both know that there is more than one way to make money in the stock market.

    Respect others even if their trading style is different from yours - and you will be respected too.
    Jun 18, 2015. 09:44 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    Here are just few trades I shared with SA readers when I was writing options articles:

    The Iron Condor from January 10, 2012 produced a 28% gain in 2 weeks - http://seekingalpha.co...

    The Iron Condor from March 5, 2012 produced a 18% gain in one week -http://seekingalpha.co...

    The Iron Condor from May 22, 2012 produced 22% gain in 3 Weeks - http://seekingalpha.co...

    The Bull Credit spread from December 13, 2011 produced a 42% gain in 6 weeks - http://seekingalpha.co...

    The Bear Call Spread combined with the weekly RICs from February 14, 2012 produced a 15% gain in 5 weeks - http://seekingalpha.co...

    The Long Butterfly from March 19, 2012 produced a 35% gain in three days - http://seekingalpha.co...
    Jun 18, 2015. 08:59 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    I don't have to prove anything to you. You are correct that I don't trade fundamentals, and don't try to predict anything. Your strategies work for you - fine. Mine work for me. You use leverage, I don't. SteadyOptions produced triple digit returns in 3 out of 4 years we are in business, and on track to do it again in 2015. We are doing it slow and steady, without trying to guess the market direction. You can insult me as much as you want, it won't change those facts.

    Now, please show me your returns? And I mean, not few isolated winners, but whole portfolio returns?
    Jun 18, 2015. 08:54 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    Now you really insulting your readers' intelligence by saying that you KNEW what the Fed is going to say. If it was so clear, why GLD rallied after the announcement, not before?

    The simple fact is that your trades are high risk high reward. Which means that many of them will be 100% losers. But except for your members (who already have been separated from their membership fee), nobody will know it - because you don't publish your track record.

    This was my original question, and no personal attacks will change it. My trades, my website or my track record are not even relevant in this discussion. But it was obviously convenient for you to change the subject to me and my website, in order to hide your own lack of transparency.

    And the question still remains - if you are so much better than me, why you keep wasting your time and trying so hard to prove me wrong?
    Jun 17, 2015. 11:52 PM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    "OH!!! So we have to join your site (the one with a security warning) before we can see your trades?"

    No, you don't have to join the site. You can take a FREE TRIAL just to verify the trades. ALL of them are documented and archived, with screenshots of my fills. Do you offer one of those FREE trials? Didn't think so.

    And no, there is NO security warning - in fact, the site uses https connection (unlike your site).

    So now you pretend to KNOW what Fed will say and how it will impact GLD? The risk of that trade was still 100%, no matter how you present it.

    Sorry that I had to respond again, but just couldn't let you continue with you spreading misleading info about our site.

    Just let it go Phil.
    Jun 17, 2015. 03:51 PM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    SteadyOptions: "We offer a combination of a high quality education and actionable trade ideas."

    You claim not to post your track record because you are a teaching site. If you are both a teaching site AND trade ideas site, then your readers/potential members would be interested how successful your trading ideas are. For that, they need full list of trades, not cherry picked. You are trying to have it both ways and use the excuse that you are a teaching site to not post track record.

    The details of all our trades are on the members area. Everyone can take the free trial and verify all the trades. That includes: the underlying, the strategy, the strikes, the entry and exit dates, even position sizing. The performance page includes summary of the trades - entry/exit dates, strategy and P/L. I find it ironic that you don't have even the monthly breakdown, but ask me for all the details.

    To all readers: I do apologize after Phil dragged me into this discussion. All I did was asking a simple question about his track record. This (totally legitimate) question caused a series of ugly personal attacks.

    As I said, whatever makes you feel good. This is my last response to you.
    Jun 17, 2015. 01:31 PM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    We present full list of trades and breakdown of monthly performance. You present NOTHING in terms of performance tracking, and you call mine VAGUE? That's ironic.

    You presented the GLD trade to SA traders. Are you assuming that all of them are HNW investors or fund managers that don't need risk disclosure?

    You are claiming to be in a different league, but trying so hard to discredit me - why? But you are right, we are in a different league. I'm in the league of (very few) honest and transparent services that have full disclosure of their track record and put their money where their mouth is. You are not in that league.

    If you are a teaching site, you are not supposed to share trading ideas. If you do share trading ideas, you must disclose full track record of those ideas. You cannot have it both ways. Sorry.
    Jun 17, 2015. 12:21 PM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    "By the way, for those of you late to the party, even though you missed the 0.50 entry on GLD last week - it's only at 0.68 and will pay $1, up another 47% if GLD closes over $113 on Friday (now $113.32)."

    That trade is 0.55 now. Any advise to those poor suckers who listened to you and bought at 0.68? Cut the loss or "hope" for recover, with only 2 days to expiration?

    This trade tries to predict very short term movement of highly volatile instrument like GLD. To me, it is gambling, not trading. But that's just me.
    Jun 17, 2015. 10:54 AM | Likes Like |Link to Comment
  • Market Meltdown: Greece, Others Race To Default [View article]
    "By the way, for those of you late to the party, even though you missed the 0.50 entry on GLD last week - it's only at 0.68 and will pay $1, up another 47% if GLD closes over $113 on Friday (now $113.32). Gold has to hold $1,180 for it to work out - but that's what we projected last Wednesday and our outlook hasn't changed since.

    Even taking Steady Options performance at face value, there isn't a single MONTH on their chart where they returned 47% going back to 2011. I'm telling you how to make that much by Friday afternoon!"

    This is where you compared your single GLD trade to our monthly performance. Sorry pal, it's right there in your comments.

    And yes, our portfolios are not virtual like yours. They are real. We put our money where our mouth is. First principle of trust and transparency.

    I just showed you three examples of our recent trades (NFLX, SPX and VIX).

    GLD is $112.70, but it doesn't really matter. What matters is the fact that you presented this trade as potential to make 47%, but no word about the risk. And the risk is 100% loss, and all it takes is less than 1% decrease in GLD. For a stock like GLD, 1% move is nothing.

    Unlike you, I always START the description of my trading ideas with the potential risk, not potential reward.
    Jun 17, 2015. 10:44 AM | Likes Like |Link to Comment
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