![]() You will not have a safety net if the trades moves outside of its expected range.Īnd. You will sell an at-the-money spread on SPY (both the put and the call side).īefore you know it, you will be forced to make a lot of unnecessary adjustments. Let's take the S&P as an example, if it is trading around $2,850, he would tell you to sell a straddle on SPY. This makes his options trading strategy very risky ![]() Second, he recommends iron flies or iron butterflies which means that you are essentially selling straddles on ETFs. If you follow Kirk's strategy, you will bring in about half as much money as my students collect. I also believe that the majority of his students do not make money by trading options. If he's making money by trading, then it is probably a small amount. Profitable trading is not about knowledge, it's about discipline and patience. He talks about doing backtests and using indicators, but that oftentimes serve to confuse people instead of helping them. He tends to recommend some technical analysis indicators, which I don't believe work (I think technical analysis is a scam). He primarily teaches you to sell premium, which is good, however his strategy is inferior because it leads to a large number of challenged positions, stress and losses. I know it seems like I'm bashing the competition, and I actually think that Option Alpha has well-produced videos, however, I don't believe that Kirk Du Plessis and Option Alpha makes money from trading. When it comes to actual finance, I know what I am talking about. ![]() I worked on Wall Street as an investment banker and have completed around $10 billion dollars worth of transactions. However, when I evaluate his options trading strategies, I feel that his recommendations would not be successful for most traders. I know that Kirk du Plessis has been operating Option Alpha since ~2011. In a few videos (below) I explain why I believe Option Alpha is a scam and why I believe that Kirk du Plessis doesn't make money trading options. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |