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Author Message  fox_terrier Member Username: fox_terrier Post Number: 386 Registered: 10-2003 Rating: N/A Votes: 0 Monday, October 17, 2005 - 11:09 pm:     Hi guys, Went to my first trading seminar on the weekend and got good value for money. Heard speakers talking on everything from CFD's to futures to psychology. Am now thinking of doing an options course run by either John Kaye (Kim Reilly protege) or Carlo Castellano. Just wondering if anyone has any views on these guys. Cheers FT  bundy Member Username: bundy Post Number: 375 Registered: 03-2003 Rating:  Votes: 1 Tuesday, October 18, 2005 - 07:22 pm:     Never met any of these guys. I have run across John Kaye in other forums and am familiar with his "system" - which is basically to trade in the direction of the trend after a pullback - that's about it - he calls it peaks and troughs trading. He (unnecessarily) throws in some indicators to make it look a more complicated than it actually is - but if you are basically trading blind freddie trends - you don't really need any indicators. I have no doubts that there is more trading wisdom in this Forum than you would get from a John Kaye course. On the matter of trading options - I understand that the coverage is at best rudimentary - and I would guess that if you wanted to get into advanced strategies or more detailed information on options trading - that would entail a further course and additional expenditure. Do an author search for Bundy - check out the posts in the Options and Derivatives section particularly - I've gone into considerable detail over the years on the sorts of things you should be familiar with and strategies for trading options - as well as recommendations for further reading etc. There is no easy way or shortcut to trading options - some of my previous posts set out the pitfalls you need to look out for - especially in relation to volatility dumps etc. (Message edited by bundy on October 18, 2005) --- Bundy Good judgment is gained through experience. Experience is gained through poor judgment.  fox_terrier Member Username: fox_terrier Post Number: 387 Registered: 10-2003 Rating: N/A Votes: 0 Tuesday, October 18, 2005 - 08:08 pm:     Hi Bundy, Thanks for the reply. I just think i need the one on one to get me over the paralysis by analysis i have encountered since reading about options. I "know it all" but can't come up with any plan that i would be willing to trade. I need a push. Cheers FT  bundy Member Username: bundy Post Number: 376 Registered: 03-2003 Rating:  Votes: 1 Wednesday, October 19, 2005 - 06:20 am:     In that case, why don't you just paper trade for about 6 months to see how you go. You will never be able to trade successfully - particularly options - unless you trade a system and plan that you feel comfortable with - you can't trade out of fear. You won't get this from someone else - it's something that develops as you paper-trade and subsequently live trade. As I said initially - there are no shortcuts - that's the reality of it - you have to put in the hard yards. I think the two simple lines contained in my signature appropriately sums it up. --- Bundy Good judgment is gained through experience. Experience is gained through poor judgment.  fox_terrier Member Username: fox_terrier Post Number: 388 Registered: 10-2003 Rating: N/A Votes: 0 Wednesday, October 19, 2005 - 08:08 pm:     Hi Bundy, Thanks again for taking the time to reply. You make some good points. Cheers FT  snorter Member Username: snorter Post Number: 64 Registered: 01-2004 Rating: N/A Votes: 0 Thursday, October 20, 2005 - 06:48 pm:     There is info and advice on trading everywhere. You have to sift through it but there's no point paying a fortune for it. After you've covered the basics, with a few exceptions from time to time you just go over old ground. After that you have to develop your own plan and learn by doing. Most that seriously attempt to trade have done this but it's this bit you can't learn from books, courses etc. that separate the successes from the failures. snorter "Failure is not an option"

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