Sounds like a good one,Frannie if you have a link to the site please post it,so all it takes is a few hours a month,and you pick up 3%,that's after the master training course,the only problem is if you study the market each day,you expect to learn something in proportion to your studieswhat do you think of peter spanns latest flyer i received today
about a one evening master traning course without owning shares outright gaining 3% per month with just a few hours attention twice a month.
Haven't seen any info on this, but would be most interested if you cared to supply us with a link or attachment.
can reduce the risk of owning shares outright
The same reason he doesn't do property anymore, it is far easier and truckloads more profitable to make money from the (naive) hopefuls than the property or share markets.Why doesn't he do it himself?
Why does he spend time sprucing up the seminar instead?
Just like he doesn't do property anymore, it is far easier and truckloads more profitable to make money from the (naive) hopefuls than the property or share markets.
Volatility does not increase gains, one way market direction (up) does.Performance in a volatile market is "up to" 3% per month.
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.And you also need strategies for trading out if things go against you.
That's what happens in a falling market...It was just a few months before the tech wreck. Without the tradeout options, I lost about $10K (from memory).
Buy->Write does not work in a falling market. You will lose money.But I have friends who have made some good income from a buy write strategy- people with a good amount to invest and the experience to trade according to any conditions.
Returns, as in premiums recieved can always be made, but having capital loss of 20-30% will reduce premium to match the new price.I think Peter was saying that the best returns were in a slightly rising, but volatile, market. But returns could be made with other conditions- volatility, rather than a bull or bear market, made the difference.
I got that ebook which pretty much explains it... though maybe it should be called:
"Prince Peter saves the world"
Once upon a time, in a far away land, lived a hansom and noble prince who rode an italian red stallion on his way to save the world from evil market trolls...