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Kevin M. O'Brien's  Instablog

Kevin M. O'Brien
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Options trader full-time, author, owner of www.kevinmobrien.com, a subscription-based service. Born in Chicago. Follow many stocks in the tech, financial, and agricultural sectors. Trade daily with a 5 Technical Indicator Strategy I developed. Also trade debit spreads, strangles, and also hold... More
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Kevin M. O'Brien
My book:
Breakthrough: A Consistent Daily Options Trading Strategy For Volatile Stocks
  • A Story Worth Mentioning  32 comments
    Apr 13, 2013 9:51 AM

    This is going o be an extremely long article...

    Around August 2011, I began to write some articles here on Seeking Alpha as a way to help options traders that were relatively new to them and uninformed.

    I always made it a point to conversate with my readers, especially when considering the strategy I developed on trading options daily and selling them as quickly as possible would have a learning curve.

    Of course, I do more than just trade daily. I know of many options strategies, from weekly trades to earnings trades. I could not even calculate the amount of e-mails and comments I always responded to.

    However, what I thought would happen certainly did. Around this time, and it has continued ever since, I started getting a ridiculous amount of comments and e-mails from one particular person, with a username of AK1004. This was not a reader who was asking a few questions or sending a few e-mails a day. I am talking at least 40 a day, at all hours of the day and night. Something did not sit right with me about it. This was not because he was asking questions. Quite the contrary. He was trying to promote an agenda that I spotted immediately, but I refrained from saying anything at that time.

    Initially, the comments and e-mails I was receiving were somewhat courteous, but that changed very soon. All AK 1004 wanted to talk about what his "strategy". Non-stop. Similar to what has been going on with this Napolean username, Pasion4DITM username, and about 20 others. I have those e-mails and a list of this person who gave me every username they have used (they kept getting booted off Seeking Alpha).

    Before I go any further, let me show you a few e-mails. Note: at this time, he was still Kim Klaiman:

    (click to enlarge)

    This is interesting in the fact that Mr. Kim Klaiman was told repeatedly to stop writing any more comments on my articles by the editor of Seeking Alpha. Did he stop? He does not know how to.

    (click to enlarge)

    So which is it Klaiman? Do I respond to comments or not? You are right, now, though. I have stopped writing to you and all of your friends.

    (click to enlarge)

    This is where the story gets real interesting. It was at this time that Klaiman's agenda was set in motion. By the way, CWelsh is not just another user who commented.

    (click to enlarge)

    So, Klaiman, Cwelsh is just some random person that commented. I don't know about that. This is from Klaiman's website, contributor "about" section.

    As I mentioned, Klaiman had a motive. The entire time, the reason behind his commenting 24/7, along with emails, was to get his foot in the door. That is understandable, too. He didn't know too much about stock options, the bare minimum, but what better way to get his name out there and promote himself than doing it through me?

    (click to enlarge)

    I like this post to Klaiman, from me. Klaiman has always insisted that I never admit to any bad trades. This should throw that theory out the window. Thanks once again, Klaiman, for continually misquoting me.

    By the way, Klaiman. The JP Mprgan (NYSE:JPM) trade is doing that bad at all. I gave it an extra week till expiration, with Citigroup (NYSE:C) reporting Monday. Please, get your facts straight. The Google (NASDAQ:GOOG) trade you mentioned, I had around a 20% loss on that one. That's quite good in comparison to some of your trades, like a strangle on Decker's (NYSE:DECK).

    I'm sure Klaiman will have some sort of way to refute all of this. But the facts are the facts.

    (click to enlarge)

    Again, another e-mail detailing a bad trade. Klaiman never mentions this to any of his readers.

    Right around this time, Klaiman began writing articles more frequently. Mostly on stocks he knew would get "Hits". See, with Klaiman, the number of people who went on his page or article meant more money. He didn't care too much about stocks that did not provide this. He basically told me so.

    (click to enlarge)Right, Klaiman. Is that why you wrote an article about Apple (NASDAQ:AAPL) every day of the week from here on out?

    (click to enlarge)

    See, I knew by writing this to him would do what I thought it would. He would write about stocks that brought him hits.

    More troubling in all of this nonsense is that Klaiman would continually swipe my articles. He did this every single week. I would receive e-mails daily with people wondering if I was writing articles under a pseudonym, simply for th fact that they were almost identical. Only mine came first. Amazed that SA allowed this to happen. It was blatant copyright infringement, only nobody said a word.

    If anyone doubts this, simply look back to my articles and Klaiman's.

    In some ways, I fed it to him. He never forgot this, because if there was one person who could shred his credibility, it was me. S what did he do? He started to have different "users" try and discredit me. It was a route he had to take. Also Klaiman, remember when you told me that you only traded part-time, if that? Sure, dent this too. It is easy to get 5% profits at most when you are buying only one contract. Try and put some real money into the game, then talk. My grandmother could get that return these days, and she's been dead for 10 years.

    It is also amazing, especially in light of Klaiman's past comments and posts, that he cherry picks the trades that do well. Amazingly, those are the ones where more money/contracts went into.

    From Klaiman's website:

    Hmmm. I'm not Einstein, but something seems a bit fishy here.

    Klaiman, what about the SPDR GoldShares (NYSEARCA:GLD) questions, on how to place a Reverse Iron Condor? Have that, too. How in the world can you be selling a service when you had no idea how to place it from the start? If you are going to promote yourself as an expert on a strategy, here's an idea, know what you're talking about first.

    It is now time to go into Klaiman's theory on options trading. You see, I would never tell new option trades or even advanced ones to profit on a flawed method. A 5% ROI? Really. And that's supposed to be good? I am at a loss for words on it. Since Klaiman likes to misquote me, I think it is only fair to look into some of his wonderful trades, since he does this to me, and never mentions the great trades. Ever.

    From his website:

    1.)

    03/14/1303/19/135 DaysLULU double calendar-15.0%10,682

    2.)

    02/25/1302/28/133 DaysDECK strangle-8.8%10,075

    3.)

    02/14/1302/19/135 DaysCF strangle-13.0%8,893

    4.)

    02/05/1302/08/133 DaysANF strangle-65.6%9,315

    My personal favorite.

    5.)

    01/22/1301/25/133 DaysSNDK straddle-19.7%9,146

    6.)

    01/16/1301/22/136 DaysCREE straddle-15.5%9,221

    Have a great day. May have another one of these out next week, but making it a beach weekend.

Back To Kevin M. O'Brien's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (32)
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  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    It has been a long time since I have seen such a collection of lies and misrepresentations.

     

    So lets start with some background.

     

    Both me and Kevin are implementing a strategy of buying a straddle/strangle or reverse iron condor few days before earnings. The main difference is that I sell before earnings and Kevin holds through earnings. Let me be very clear: both strategies can work. The main difference is the risk/reward and the predictability. With my strategy (which is based on Jeff Augen books) you get smaller gains and smaller losses, and the returns are very predictable. When you hold through earnings, the results are unpredictable. You can hit some big winners, but if the stock doesn't move enough, the losses can be very substantial. This is something that Kevin "forgets" to mention in his articles.

     

    Jeff Augen, a successful options trader and author of six books, agrees:
    “There are many examples of extraordinary large earnings-related price spikes that are not reflected in pre-announcement prices. Unfortunately, there is no reliable method for predicting such an event. The opposite case is much more common – pre-earnings option prices tend to exaggerate the risk by anticipating the largest possible spike.”

     

    It is just natural that when I first read Kevin's articles, I started comparing the results and ask questions. Some of Kevin's trades worked, most did not. For the trades that did not work, his standard answer was "you don't know when I bought and when I sold".

     

    Unlike my trades - all documented - Kevin did not list one single trade in real time (including dates and prices) since he is on SA. Have you ever wondered why?

     

    This is a disclaimer from Kevin's brand new website:
    " HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT."

     

    Do you even trade Kevin? Or it's all " HYPOTHETICAL OR SIMULATED, WITH THE BENEFIT OF HINDSIGHT"? Maybe this is the reason why you haven't posted a single live real time trade?

     

    More later..
    13 Apr 2013, 12:29 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Please, Klaiman. More to come. Being a gentleman, I held back some.
    19 Apr 2013, 07:21 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    Now lets go over some of your claims Kevin.

     

    1. I was asked stop commenting on Kevin's articles by Kevin, not by SA editor - and I respected his request till he started mentioning me in his comments.

     

    2. " CWelsh is not just another user who commented."
    It is funny you are even mentioning CWelsh - he has exactly 6 comments on single article of yours back in April 2012.

     

    3. " As I mentioned, Klaiman had a motive."
    Most of our correspondence happened in November 2011. This was even before I had my website, so not sure what motive you are talking about.

     

    4. "The Google (GOOG) trade you mentioned, I had around a 20% loss on that one. That's quite good in comparison to some of your trades, like a strangle on Decker's (http://bit.ly/HmiFjk)."
    I guess we will never know how much did you lose on this trade since you never posted any updates how to manage it. However, if you read some of the comments on this article http://bit.ly/SrNfez you will see that most of your readers have lost over 80%. I have emails from some of your readers who have lost TENS of thousands of dollars on this trade. And by the way, my DECK trade has lost 7% .

     

    5. "Klaiman would continually swipe my articles."
    Do you have any examples? I actually have some opposite examples:
    http://bit.ly/156fuqe
    http://bit.ly/114DncP
    Both are about FDX, same trade, mine published on Dec. 7, 2011, yours on Dec. 8, 2011.

     

    6. "A 5% ROI? Really. And that's supposed to be good?"
    Actually, SteadyOptions ROI was 152% in 2012 and 34% YTD 2013 - http://bit.ly/16Ur5qM. Full track record based on real trades, with every single trade fully documented. Where is yours Kevin? Please show us one single trade that you did in real time Kevin. Or is it all "HYPOTHETICAL OR SIMULATED"?
    13 Apr 2013, 12:34 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    Finally, here is a collection of some of Kevin's responses to his readers on SA:

     

    "You are a very, very sick man. The medicine is not working."
    "If I didn't know who this little guy was from the start, I would have mistaken him for Eddie Munster. Uncanny resemblance."
    "This is what I like to call "class"... Klaiman, u chump. You asked for it."
    "You must be kidding, you are a joke. I assume you know when I entered and when I exited or plan to exit? Also, can you tell me what will happen in 2015? What a goof."
    "Seriously, you have some problems.. genius."

     

    I'm sure I can find many more, but you get the idea..

     

    And here are some of the emails I got from Kevin:
    "So you want to play ball with me? Ok. No problem. Know who you are talking to first, which you obviously haven't done."
    "You have some serious balls. You are a fraud. I know it"
    13 Apr 2013, 12:57 PM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    Successfully trading is difficult.
    I've never seen an author/trader who spends as much effort as Kevin fending off critics and putting people down. Why bother? If you don't like Klaiman, just agree to disagree. I see disputes on SA resolved that way all the time.

     

    The critics are persistent because of the lack of reasoned and transparent responses. The question in Kim's first e-mail here is a good one, yet you utterly fail to address it. The famous GOOG trade. Anybody who followed your advice lost 100%. You said at the time you could afford to take such a loss. Yet now you say you only lost 20%. How hard would it be to show your entry and exit and explain why you deviated from the advice given in the article. And why the story changes? If it's because you took a 100% loss and "rolled" it, that's really just two trades. I've heard from students who recited this scenario of an unproductive session, then you'd leave and come back having made some hugely successful trade. Never any specifics, though.

     

    I want to believe in the Holy Grail. If the method you've devised is reliable and executable, it would be nice to have some rational guidance to it. But the lack of detailed responses plus the lashing out and prolonged feuding makes me feel you're an unreliable resource.

     

    I think you are right, that Kim learned as he went. But he is an astute student who doesn't settle for half-baked answers. It doesn't surprise me that his persistence rubbed you the wrong way. I'm also surprised that he continues to feud with you. Perhaps there is a need to protect honor and correct misinformation, but at some point it might be best to just let you go and stew in your own juices. It's funny that you recently wrote a post that you've been too nice too long, because you just haven't been very nice at all. Calling people idiots and geniuses (sarcastically) - how is that nice?

     

    Kim's is a legitimate and transparent service. You might be surprised to hear that it's not my cup of tea. My psyche requires a little more action and some bigger hits. But it's a staid approach, and "Steady Options" is a good name for it. The quality of the contributors, such as Mark Wolfinger, says something about the legitimacy of the service. I'm sure Mr. Wolfinger wouldn't lend his name to some fly-by-night approach.

     

    Maybe we could learn something from you, Kevin, if you would settle down and focus on providing reasoned responses to people. There are many reasonable questions that you just fail to answer, perhaps because you perceive them as harassment. The question about line charts versus candlesticks is a good one. I am open - minded, and I still can't understand why you prefer line charts for short duration trades.

     

    Kim brings up an interesting point about your disclaimer. Disclaimers are just that - legal gobbledygook. But it raises the question. Do you intend to share and discuss real-time trades on your service, or is it all theoretical? Why have you been unwilling to do that here? Since you do day trading, will there be a live real -time trading room or chat during market hours?

     

    I choose to believe that you're a nice guy who just got bent out of shape by the stress brought on by the feuding on here. I hope you are being honest in portraying yourself as a successful trader. I would ask that we just call a truce, and rationally and reasonably answer questions as they come. If you have something to offer, then offer it.

     

    You are really not misquoted. The things you're persistently asked about are things that you've said. If you were misunderstood or you mis-spoke, say so.
    - Can and do you consistently make 24% a week day trading? You guaranteed two subscribers on here a $6,000 return on a $25,000 investment. Are you doing that yourself, week after week? If you are, why the reluctance at posting a week or twos sample trades? Even your supporters are starting to say it's because it simply can't be done. Why not just do it and show us?
    - Why not more detail about controversial trades like the GOOG trade? How does it help your readers if you offer them a falling scenario without dissecting what went wrong or right with the trade? Why is it such a mystery about how exactly you handled that, and lost either 100% or 20% or whatever it was?
    - if you trade successfully and occasional 100% losses are a part of your plan, why not a straight-forward explanation of your risk/reward strategy. I would take a100% loss if it's likely to be balanced by two 100% gains, but you haven't said that's what you're doing.

     

    Anyway, it would be nice if you just dialed the feud back and if you want to be a mentor, then be one. If I were you and I were making 24% a week, I wouldn't even bother, so I'm not sure why you are. It could be you just have a generous spirit. If so, like all of us, I hope you progress to a kinder and better form of execution.
    Gary
    13 Apr 2013, 01:29 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Want more? Being respectful.
    13 Apr 2013, 01:43 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Lies? It's right there.
    13 Apr 2013, 01:45 PM Reply Like
  • napoleondynamitey
    , contributor
    Comments (94) | Send Message
     
    Kevin- this article is pure nonsense... and doesn't address a single aspect related to why you have forever dodged and diverted any critic who persists in demanding you answer objective and relative questions to trading.

     

    Readers don't want to hear about the history between you and another individual! This does nothing but waste everyone's time... in that it has nothing to do whatsoever with why every single reader is here-- to become better traders.

     

    Now here is the hard cold reality that all readers have observed to date... of which you have failed miserably-- and that is the failure to address numerous issues that most certainly have put you and/or your strategies in question relative to validity and efficacy. The list below are prominent but most certainly not fully comprehensive by any means:

     

    1). Risk management and position sizing relative to your
    strategies.

     

    2). Not a single detailed round trip trade ever divulged with full
    details.

     

    3). Outlandish and grandiose claims of being able to produce 24%
    returns on $ 25k week after week... yet refusal to call out live
    trades for 1 week to prove such a claim.

     

    4). Rebuttal on your erroneous statement that candlestick chart
    wicks skew bollinger bands... which clearly it has been
    proven beyond a shadow of a doubt that they do not...and it is
    in fact quite the opposite-- that line charts are faulty in that they
    visually are missing key price range of movement data.

     

    5). Why you resort to personal attacks... insults... and in some
    outright wonton slanderous lies-- such as proclaiming I sent
    you threatening emails related to physical harm-- which you
    certainly must know subjects you to criminal charges.

     

    6). Failure to address the inherent problem with your indicators
    they all lag forward looking price... and failure to acknowledge
    the inherent risk with your daily options stratagy that "oversold/
    overbought" signals can remain in such a state for an extended
    period well past entry... subjecting traders to significant and
    catastrophic loss.

     

    7). Why you have given readers the excuse as to why you haven't
    been able to respond and address option related issues
    because SA no longer allows option articles... when in reality
    this is a copout due to the fact that Instablogs most certainly
    will allow you to write on any subject whatsoever... as this
    article of yours today attests.

     

    8.). Why to date you have given the excuse of why you havent
    posted charts to answer readers' questions is because a chart
    cant be posted in a comment... when in reality it can with a
    simple and free screen capture and URL generation service
    such as tinygrab.

     

    Kevin-- your credibility has been questioned by readers across the board here due to your lack of transparency with the above issues-- both by loyal posters and critics.

     

    Will you choose from here to remain as evasive as ever and continue to dodge and divert... or will you for the first time ever on SA make a sincere attempt at providing 100% objective transparency with professional commentary in addressing the issues above?
    13 Apr 2013, 06:01 PM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    The big expose is a non-event.
    14 Apr 2013, 05:20 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    You are correct Gary. You are also absolutely correct that successfully trading is difficult. Unfortunately, when someone promises or guarantees easy gains of hundreds percents, there are always people who believe it and are sucked in, searching for the Holy Grail. Those who have been in this business for a while know that Holy Grail does not exist. New traders will find it out, usually after paying thousands of dollars to crooks.

     

    When Kevin wrote back in September " I will write an article on Kim Klaiman's/Steady Options trading approach and why it doesn't work as advertised.", I hoped for some kind of real discussion poking holes in my strategy. Unlike Kevin who wrote "I know everything that anyone can possibly know about options", I'm still learning. I will be learning as long as I breathe. So I really wanted to learn something new - maybe after all, my returns are just a fluke? Instead, I got a bunch of personal attacks which have nothing to do with my trading approach.

     

    No system will work all the time. Nobody is able to produce profits week after week month after month. This is why Kevin's claims are so ridiculous. He keeps repeating that I misquote him, but it was him claiming a while ago that he hasn't had a losing trade in almost a year. Does he really expect anyone to believe that?

     

    I hope to find some time and write a blog about my approach and how it compares to Kevin's. I'm not holding my breath to get any serious response from Kevin, but maybe he will surprise us.
    14 Apr 2013, 11:55 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Here is the TRUTH
    Kevin, it always seems you have the time to have petty fights, but when you are asked legit questions on your statements you IGNORE them or don't have "TIME" because you are answering all of your so called e-mails. How long did it take to put this article together? You could have answered how you consistantly make 24% a week. Or you could have posted real time trades and if you did you would not have these fights. YOU choose to IGNORE them. WHY? The only answer is you do NOT make 24% per week and you CANNOT post trades real time because it would PROVE you are a FAKE.
    16 Apr 2013, 09:00 AM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    Kevin - I don't know if you are trying to expose Kim or change anybody's mind about him, but it didn't work. The idea of a lawsuit is pretty silly. You are claiming interference with commerce? But it's certainly not illegal to criticize and ask questions, especially on an open forum where you're right here to respond.

     

    Kevin, you have these explosions of activity, then just stop responding. You go back and forth between unbridled vitriole and showing signs of being a little bit nice.

     

    But the main thing is - you put big claims out there, and then you just don't answer questions. Nobody really expects you to any more because the pattern is clear.

     

    Do you really make 6K on 25K in a week? Why are you so unwilling to prove and illustrate that? You really seem to want a live subject to spend the week with you. I will volunteer for that under the following conditions:
    1. You pay my way and accommodations in San Diego.
    2. You put $25,000 of your own money at risk in my account.
    3. At the end of the week, if we make money, I will return your 25K. If we lose money, I will return what is left to you.
    4. I will honestly and diligently report the results to this forum.

     

    Here is an opportunity for you to do it your way.
    -Gary
    16 Apr 2013, 12:01 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Offered that, it still stands. SA has barred me for being honest.
    19 Apr 2013, 07:21 PM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    You offered it to others. And asking you to front and risk your own money is pretty outrageous of me. I just can't afford to lose 25K.
    21 Apr 2013, 02:04 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Not gonna happen Gary
    16 Apr 2013, 01:22 PM Reply Like
  • gppackcheesehead
    , contributor
    Comments (17) | Send Message
     
    It appears Kevin has been sanctioned yet again by SA.

     

    There are approximately 20 or so posts that have been removed where he called people "chump".. "tool".... "Eddie (Munster)".... and other various derogatory and condescending terms.

     

    I wonder if he has been banned indefinitely?
    16 Apr 2013, 06:03 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    How do you know?
    16 Apr 2013, 09:19 PM Reply Like
  • gppackcheesehead
    , contributor
    Comments (17) | Send Message
     
    I don't know for sure... I guess I am just assuming that is what SA does if they have to remove a bunch of questionable posts.
    17 Apr 2013, 08:40 AM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » Thanks. Happens a lot, unfortunately. Then he asks why I don't respond. Not in my power.
    19 Apr 2013, 07:21 PM Reply Like
  • Kevin M. O'Brien
    , contributor
    Comments (1800) | Send Message
     
    Author’s reply » The lies and untruths are very clear. Deal with it.
    19 Apr 2013, 07:20 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    Not sure what was the point to send me a message that you are restricted from commenting, and then posting those comments couple hours later.

     

    So let me repeat what I replied to you Kevin:

     

    I commented on all your claims, but did not see any response from you. Once again, I NEVER said that your daily strategy doesn't work. Please show me one place when I said it does not work. I NEVER said that I know the strategy - the opposite is true, I said on several occasions that I have no idea about it. What I did say and continue saying is that no person and no strategy can make 24% per week week after week as you claim.

     

    You mentioned that you "made a ton this week on CMG, INTC, JNJ, SNDK." I have no idea how much did you made on the trades you mentioned - unlike me, your website doesn't have a track record documenting all your trades. I do know that you lost 90% on IBM - that alone requires three 30% winners just to break even. Would you mind posting full results of your trades this past week?

     

    On a separate note, you claimed that I'm going after quantity not quality of trades. I find it highly ironic coming from a guy who already placed over 10 trades since inception of his website just over a week ago while I have 20 trades per month on average. I also find it ironic that you mentioned several times that my trades are commissions consuming, while in some of yours (like INTC) commissions are 15% of the trade value.

     

    Once again, I challenge you to post your trading results from the past week in order to prove that you can do much better than 5% per trade. Those should include the entry/exit dates and prices.

     

    Lets for a change have a civilized and well argumented discussion and not personal attacks.
    20 Apr 2013, 01:11 AM Reply Like
  • aspirevic
    , contributor
    Comments (34) | Send Message
     
    Not sure why you bother responding Kim? It is a complete waste of your time...
    20 Apr 2013, 12:54 PM Reply Like
  • Hayday
    , contributor
    Comments (5) | Send Message
     
    I feel like I have learned a lot from reading both Kevin and Kim's articles. Their investing strategies are very similar, except that Kevin seems more risk tolerant, and doesn't like to use candlestick charts as much.

     

    I wish both Kevin and his detractors would stop fighting, and go back to writing articles. I feel it has gone far beyond being useful to the SA community. I really don't blame Kevin for feeling defensive. The volume of critical comments is astounding and for the most part off topic. Every post just devolves into "Prove to me you can make $6k in a week!" It's tiresome, and, incidentally, making $6k/week day trading is not unheard of.

     

    Can you all just get back to talking about interesting options plays? Please???
    10 May 2013, 09:22 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    Hayday,

     

    Not sure if you are aware of the SA decision to discontinue the options category. This is the reason why we stopped writing articles. If you want to learn more about options, you are welcome to join the subscriptions services both I and Kevin have. Of course you should base your decision on your risk tolerance, the transparency of the service, the track record etc.

     

    Do you really think that making 6k every week on 25k capital is realistic? That's 1,200% per year. If you think it is, then you have a LOT to learn, and you will be very disappointed when you really start trading.
    10 May 2013, 11:24 PM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    Disagree. The volume of critical comments is appropriate and not at all off topic. If somebody goes on a trading forum, makes outrageous claims, then goes into attack mode at any criticism or even questions, then the criticism is deserved. It is useful in the sense that the red flag is raised, and appropriately so.
    11 May 2013, 10:00 AM Reply Like
  • j.kut
    , contributor
    Comments (10) | Send Message
     
    finally a statement [unverified] .that SA has dropped the option section.! hopefully SA will confirm and/or comment .I have found it impossible to get an answer from SA

     

    kut32@hotmail.com
    15 May 2013, 05:47 PM Reply Like
  • SteadyOptions
    , contributor
    Comments (2315) | Send Message
     
    Just go to Options section - http://bit.ly/wvVVoZ

     

    The last article was on Jan.28. Do you need more confirmation?
    15 May 2013, 05:58 PM Reply Like
  • glworden
    , contributor
    Comments (147) | Send Message
     
    One would think that there are other blogs/websites that would address this need, but I can't think of any. SA provided the most diverse and lively discussion. It seems like dropping the options section shows lack of respect for this approach. Value and fundamental investors often degrade it as gambling and even decry that it has a negative effect on the markets. But it can and does work for some people, and it deserves equal consideration. Perhaps they just got tired of the recent rancor. If that's the case, it's their own fault for not holding certain contributors to high standards for professional and courteous conduct. In any case, it's too bad, because the options section exposed me and others to a lot of interesting ideas.
    16 May 2013, 09:00 AM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Unfortunately, I only trade options so this site has become useless for me. I guess SA does not value this customer base.
    16 May 2013, 09:06 AM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Anybody have any good suggestions on a new site?
    16 May 2013, 09:07 AM Reply Like
  • Kimberley O'Brien
    , contributor
    Comment (1) | Send Message
     
    Wow, what a weird story! I have to admit that the back and forth is the most fascinating part of this whole thing....
    9 Apr, 04:36 PM Reply Like
  • mike3dr
    , contributor
    Comments (29) | Send Message
     
    Any relation to Kevin?
    10 Apr, 12:03 PM Reply Like
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