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  1. Piston Broke

    what do you think of peter spanns new course

    It's all there, there is a world of info, and who does'nt have "google" these days? But the schools numbers are the same as everywhere else I reckon, 90% keep the seat warm, 5% learn a few things and 5% learn lots. Isnt the % retire wealthy about the same, 5%?
  2. Piston Broke

    what do you think of peter spanns new course

    Yes they can. The market can go up, and the market can go down. It very much depends on the strike price difference, which if too far apart makes the gains not worth the risk. If too close getting exercised can also kill the gains or cause losses. There is no guaranteed profits. You were clear...
  3. Piston Broke

    what do you think of peter spanns new course

    I'm not in the biz of giving advice, so pls don't take this as such, only an opinion. I come from a trader's background, so imo you have to time the market. Time in the market is for suckers & noobs. You know the ole "you bought it $85 so now it's cheap at $70 and should buy some more, it's...
  4. Piston Broke

    what do you think of peter spanns new course

    I'm not sure on how funds report their performance, but here's another explanation that may help you: I buy 100k of XXX stock. If at end of month the stock price rises 5%, I have 105K. 5k capital gain on paper. If I sold calls (and did'nt get exercised) and received 2k, then total gain is...
  5. Piston Broke

    what do you think of peter spanns new course

    1. It's not that easy, I just happened to quit at the right moment (luck or hunch who knows) and will start again when and if the SP200 goes back to =<4000 but that's where MAs may come in handy as an indicator for me. 2. I think I'm just as much "know it all" lol though evryone makes mistakes...
  6. Piston Broke

    what do you think of peter spanns new course

    What do I have to be sour about? That others lost their money in the share market and I did'nt? That some of us came here posting that you can't make money buying a bear market and got poopooed by those who then lost their money with many no longer posting? That I sold naked puts for Zinifex and...
  7. Piston Broke

    what do you think of peter spanns new course

    Volatility does not increase gains, one way market direction (up) does. You can't "trade out" in a falling market. You can keep writing options but at a much reduced premium. And if it rebounds you realise the loss. That's what happens in a falling market... Buy->Write does not work in a...
  8. Piston Broke

    what do you think of peter spanns new course

    It's a static or bull market strategy. If the market falls, you lose money. When people forgot that markets can fall a wee teeny bit more than 10-15%, they all piled in to these bull market dollar cost keep buying till the cows come home strategies. We all know what happened when the big flood...
  9. Piston Broke

    what do you think of peter spanns new course

    I'd say it's selling naked puts, most brokers wont let you sell naked calls I found. Both work great as long as the market keeps going up.
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