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Hello, Let me see if I can clarify my trading/casino/poker machine post.
All long term succesful traders have simple trading strategies that stack the odds in their favour. Casinos only offer games to punters that stack the odds in favour of the casino( successful card counters excepted). Poker machines are programmed to give back less dollars than punters put in or win( unless they malfunction, but the house probably wouldn't pay anyway). To be a consistent trader and survive long term you use strategies that stack the odds in your favour, if the odds aren't stacked in your favour don,t take the trade. You wouldnt take on a real estate deal unless the odds(position,price,overall market etc) are stacked in your favour would you. One type of option trade that could stack the odds in your favour in a bull market is a current month in-the money covered call. Now the price of of the underlying stock could 1. go up, 2. go down or 3. stay much the same. With this strategy if the stock goes up or stays the same price you make money, so you have a 2 out of 3 chance of making money. Plus you must do some anaylsis to determine if its highly probable that the overall market and the invidual stock are bullish to stack as much as possible in your favour, time decay is also in your favour. There are strategies for "bearish" situations. Of course your trade may go wrong so you must practice good risk management and only put a small amount of your fund at risk in any one trade.
If you didn't understand what I was talking about there are lots of companies offering options training plus as other "posters" have stated there is lots of free stuff on the internet.
I apologise for incorrectly stating that you cant short ASX shares only the financial types are restricted, I knew that but posted inaccurate info. If you think an aussie banks price is going to fall you COULD legally do a "bear call Spread" to potentially make a dollar.
I personally only trade the US markets for the same reasons that QLD007 does!!Aussie Rob's system is not "online training" It's a package of homestudy,face to face hands on training labs,online broker training ,a minium of 3 months paper trading/simulating plus one on one mentoring if you require it for as long as you may want. You also get processed data feeds that help you trade with the odds in your favour(just to clear that up)
Healthy skepticism is good but dont cringe fearfully behind untested assumptions, untested beliefs or misinformation from people who don,t really know. Get yourself educated in a full and accurate manner, learn about ALL the asset classes from the best you can find or afford. We and many in our network have real $ in real bank accounts from this approach. Personally I think trading is the perfect partner for real estate investors as it gives you more to time to look at more at real estate deals, the more deals you look at the higher the probability of finding really, really good deals assuming you know what a good deal is.
As this is a real estate site and I'm talking about trading I had better plug our patient host and say to to Steve McKnight that I am planning to do his RESULTS traing next year after some current training is finished
Sorry about the longish post but you know just respondin, 'just respondin. I am starting to sound like a sales person but it all only started with an honest answer to an honest question and people started calling me a liar!!!!!!!
Shane Stenhouse PH 07 41598511
[email protected]Hello. in reply to airstrike- Aussie Rob doesn't really teach trading USA stocks directly but does teach trading options on stocks as it is safer and costs less for similar potential profits. Also remember they teach forex and commodities. Before learning to trade I only thought that you could make money if something went up in value but I have since learn't "shorting.(no it is not allowed on ASX shares at the moment)
In reply to patriot soldier. – I doubled checked our returns, they are actually averaging 34.2%/month to date. Some months are returning 80% and others are negative when we give back profits. You win only slightly more trades than you lose but through managing probabilities and $ risks you come out ahead. Casinos and poker machines work the same!!
I dont care if you believe me or not I have nothing to gain or lose if you do or you dont.Aussie Rob is also a passionate real estate investor and strongly suggests putting profits into appropritae real estate.
Make sure you invest in yourself so you can find bigger opportunities than you thought possible. My wife and myself have invested over $40,000 in mindset and wealth creation coaching in recent years(so far) and it has paid off many ,many times over.
To those people who have contacted me directly I hope you received your replies. Bye Shane Stenhouse
myself and wife have been using the Aussie Rob system for 12 months ,its how we make our living. We run the trading as a business and average about a 30% return on our our capital PER MONTH, Its not a "share Trading system". You can trade forex(foreign exchange), commodity futures and US stock options. Successful trading is about trading probabilities and risk management. The aussie rob group provide the training and a software scanner to give you an edge in probabilities. If you are disciplined in risk management you will do well at trading( or real estate investing). We are using our trading profits to pay down personal debt and postion ourself for real estate investing before the market picks up again. Read The trading book by Mark Douglas "Trading in the Zone" if you are interested in trading, the human thinking insights will help with real estate investing too.
