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     stan
Member
Username: stan
Post Number: 14
Registered: 10-2002Rating: N/A
Votes: 0
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| | Tuesday, June 10, 2003 - 09:56 am: |  
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g'day
would anyone know anything about
Financial Freedom Institite - Nik Haliks
options trading course?
It sounds better than amway.
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pealtho
Member
Username: pealtho
Post Number: 4
Registered: 10-2003Rating: N/A
Votes: 0
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| | Monday, October 13, 2003 - 06:28 pm: |
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Attended the course in August. If you don't know a lot about technical analysis and options, then it's a good intro' But it costs $2500. Feedback from a lot of others who attended was that it was one of the better courses and is probably the cheapest of these options courses going around. Also believe that he used to work for another company that still presents the same courses originally written by Nik but now presented by an Italian guy out of Melb.
Did some quick sums on the day, 200 people, $2500 each, $0.5m revenue, less venue costs, advertising, personnel, flights & accomodation, etc. , CONSERVATIVELY...he would have had to make $400k profit. Not bad for a weekend course and he probably does 10 or more a year. This p___d me off a bit.
Nevertheless, he does appear very knowledgeable, keeps it simple and does provide a lot of support. They have FFI members groups in each state that meet each month and he comes out with a monthly newsletter.
Great course for the new trader and those unfamiliar with options.
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stan
Member
Username: stan
Post Number: 83
Registered: 10-2002Rating: N/A
Votes: 0
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| | Monday, October 13, 2003 - 09:22 pm: |
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Thanks Pealtho,
Sounds like $2,500 is a reasonable amount to fast-track the learning curve, if one can profit quickly from the training.
It's something I want to do just in case CFDs fall over for any reason - just to be flexible.
Thanks,
Stan
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spider
Member
Username: spider
Post Number: 1118
Registered: 10-2002Rating: N/A
Votes: 0
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| | Tuesday, October 14, 2003 - 02:32 am: |
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stan,
how fast do you need to get rich?
uturn tells an interesting story about meeting up with a very experienced trader.
uturn mentioned to him that he was trading options (at that time). The trader asked "Why would you want to swim with the sharks?"
Hell of a good question that.
Instead of paying that $2500 for that course I have two excellent ideas.
Firstly you might want to send the money to me.
I will put it in a big pile and take a series of photographs and send you one each month for a year.
You won't have the money any more but you will know that it has a good home, and you can always look at the photos.
Just kidding (no I wasn't!)
A better idea..........................
If CFD's fall over (which they won't, ever seen a broke bookie?) you could trade shares from a leveraged equities account. It amounts to about 4 to 1 for most of the top 100.
It ain't 10 to 1 like CFDs but at least you won't get gobbled by the sharks, and you get to keep the $2500, unless you decide to send it to spider, I take great photos.
spider.
.
"How long a minute is depends on what side of the bathroom door you're on."
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andrewk
Member
Username: andrewk
Post Number: 23
Registered: 09-2003Rating: N/A
Votes: 0
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| | Tuesday, October 14, 2003 - 03:20 am: |
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Well said Spider.. 
Hell, you could even donate that $2500 to charity.
PS, the Andrewk charity fund is currently accepting donations   
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stan
Member
Username: stan
Post Number: 85
Registered: 10-2002Rating: 
Votes: 1
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| | Tuesday, October 14, 2003 - 10:03 am: |
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Hey Webhead
Margin lending would be too much of a letdown after CFDs.
I've always remembered the story about the Swiss watchmaker who INVENTED the LCD clock and was ignored by the 80,000 strong industry in his own country. Know how many Swiss watchmakers were left after the digital wristwatch was sold to the Japanese - 1,800 only.
Geoffrey Robertson [Hypothetical] could probably come up with 5 possible situations that eliminated CFD trading - simple legislation being the most direct threat.
So much experience from yourself and others has helped a lot of younger traders learn the ropes, to trade safely, protect capital, manage money. You know yourself there is enough information here for absolutely anyone to make a good profit.
In fact, traders on this site have gone through an accelerated learning program thanks to you.
However, profits don't come to all because trading is also a psychological pursuit - a journey of self discovery. Patience is always tested especially for those of us with such a long time left to go in the industry.
It makes sense to learn all that's there - to be flexible - to constantly challenge yourself.
Spider can't swim with the sharks. Can you imagine a Great White getting caught in Spiders web.
Stan is a fisherman. I'll tackle the sharks when I'm ready with a set of No.1AA steel hooks, a dirty big spear-gun with explosive bolts and a bucket of pigs hearts.
Anyway, I've done the honourable thing and faxed that cold, hard, cash over to Peter Parkers facsimile machine. You'll have to ring him as I know you both can't be in the same room at the same time. Please can you fax it back to me once a month, as agreed. Do you honour interest or dividends on it as I'll be needing some fish 'n' chip money.
Also, I'd be happy to donate to the Andrewk charity drive. Sounds like he needs it. I have a $2.5k cheque for you Andrew and another cheque for the same value to be signed over to my other favourite charity - the Daily Bugle's JJ Jameson I Love Spiderman Fund. You may pick them up at our next Adelaide members meeting.
Yours in trading,
Stan
***********************
Disclaimer:
* The opinions of this author are mine
* 95% of statistics are just made up stuff.
* No-one has ever seen a broke bookie - again.
* No pigs were harmed in writing the post.
* Any resemblance to reality is unintended
* Any offence taken was freely given - right back at ya'.
(Message edited by stan on October 14, 2003)
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spider
Member
Username: spider
Post Number: 1119
Registered: 10-2002Rating: N/A
Votes: 0
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| | Tuesday, October 14, 2003 - 02:31 pm: |
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stan,
you have the greatest gift any trader could want,
an excellent sense of humour.
Your points are well taken.
Just for a split second , I thought that the JJ Jameson was a reference to my second favourite beverage, but then I got it.
P.S. It's 95.7% of statistics are made up on the spot.
P.P.S. Find an excuse to come to Melbourne (bring the check, of course), and I will spend alarming amounts of money getting you drunk.
spider.
.
"How long a minute is depends on what side of the bathroom door you're on."
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spider
Member
Username: spider
Post Number: 1120
Registered: 10-2002Rating: N/A
Votes: 0
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| | Tuesday, October 14, 2003 - 02:43 pm: |
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I just remembered that I went to one of Nik's option presentations a few years back.
I remember that he was a very good presenter.
It re inforced in me the idea that option trading mechanics are not difficult. And the arn't.
The serious problems are the market makers, brokerage and time decay.
It does not matter what you do, it seems to be impossible to beat these three factors.
I know that it is hard for you young fellas to be patient, it's hard for us old timers as well, and we have less time to get rich than you do.
But, patience is key.
Get rich slowly, and enjoy the scenery along the way.
spider (who now needs a nap)
"How long a minute is depends on what side of the bathroom door you're on."
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stan
Member
Username: stan
Post Number: 87
Registered: 10-2002Rating: N/A
Votes: 0
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| | Tuesday, October 14, 2003 - 05:55 pm: |
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Spider
as per your 'Married a long time' thread, you just mentioned the two things my trading and my marriage have in common;
lots of laughs,
and booze!
Bottoms-up. He he.
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pealtho
Member
Username: pealtho
Post Number: 6
Registered: 10-2003Rating: N/A
Votes: 0
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| | Sunday, October 19, 2003 - 09:36 am: |
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Stan, noticed you're from Adelaide, me too.
Just a bit more on FFI seminars, Nik just doesn't get up & do the lot himself, he actually has about 20 Adelaide graduates from his course (from discussions, people who have done the course in the last 6 to 18 months)who are allocated to groups and work through and assist the attendees at the end of every session. Very interactive. Spoke to a variety of these people to get an insight in to who they were, backgrounds etc to assess how genuine things were and was pleasantly surprised. Picked up as much information from the old graduates as from the course.
From experience, when attending ANY course, not just on trading, you can leave wanting to start something but find that you have not been given the mechanics and fine detail to enable you to put things in to practice.
Once again, pleasantly surprised that there was actually a couple of hours devoted to setting up accounts with brokers, Sandford, how you actually place the trades, the lingo' to use when opening, closing trades with a broker, how to watch the options screens etc etc. So you really could go away and implement your trading activity right away.
A lot of this may seem elementary to the experienced traders on this forum, but if you are just getting in to derivatives, then I think the course was perfect.
After parting with my cash from the course, I was heartened after speaking to a number of other attendees who had attended other trading and options courses that they thought this was the best, yet it was the cheapest of those going around.
An interesting insight gleaned from the old graduates; whilst all had previously been working in jobs, it seemed that most had abandoned their jobs after 12 months to go in to full time trading. They were also realistic about just how much money they were making, saying that they were earning enough or slightly better than they're old incomes, but the BIG bonus was that they were doing this in no more than an hour or so a day. The LIFESTYLE benefit seemed to be the constant theme coming through.
Don't know about you, but I certainly don't intend to trade one full time job in for one replaced by staring at stocks screens all day. If that gets your rocks off, well and good, but I've got a golf handicap to lower, a suntan to improve and a family I want to spend more time with a lots of real social interaction to continue.
Have commenced some "conservative" trading after doing the course and am pleased with the results.
Came across this site by accident in internet searches, and am finding it very informative. Great site Colin Twiggs, hope you have lots of success.
Got to go, suns up & the family's awake.
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stan
Member
Username: stan
Post Number: 89
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, October 19, 2003 - 12:45 pm: |
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Thanks for the extra info, Pealtho.
It's great when you hear about traders chucking in the rat-race.
stan
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roddyf
Member
Username: roddyf
Post Number: 1
Registered: 12-2003Rating: N/A
Votes: 0
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| | Thursday, December 04, 2003 - 10:24 pm: |
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Hi
I dont know about the course you are talking about but if you are interested I am selling my copy of the Stockcourse Video program. This is a 16 tape 4 day workshop which covers all aspects of the stockmarket including an extensive section on options. You can read about them at www.stockcourse.net . The course cost me $5140 . I am selling it for $2000 .If your interested or want a picture of the package or want to know anything else you can contact me at roddyf@dodo.com.au
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