Trading- Buy a System or Do It Your Own Way

qtq80-EYv6K6There are a great many vendors of trading systems

If I trawled through my old emails I think I could find at least 30 that look promising. As a novice I signed up for many years ago,and attended their first UK course which was no train crash but as the UK is so awful for stock options, they were unable to find any real trades. I did,however, learn the mysterious ’27 strategies’ which sounds ominous but options are not about being super smart, they are about a mindset-like selling something you don’t own-as explained here previously with the analogy of the car salesman who takes your money but the car is not even in stock-he knows he can buy it for less than he’s selling it to you-but there is still a risk, nothing is guaranteed in free markets.

So do these systems work?

I came across this link –

You can buy a review for £3-some are free and you can read a precis for nothing too. But to answer the question about buying systems. Yes some people might find that they work for them, many find it to hard to stick with someone else’s work. I did a training course rather than buy a system, and the most amazing free training comes of course from our good buddies in the USA.

I have found nothing remotely as good for UK options.

The course runs over 11 weeks with self testing-some of it does not apply as the US have different ways of entering orders but most of it is excellent. They could charge a lot for this stuff-in fact we could just hijack it for ourselves, but that is not our remit. I am pretty certain that in trading nobody got rich by avoiding education. ALL the great traders were mentored, ALL the great traders got rich by being informed-there are no short cuts here- lottery tickets, however, are freely available.

Filed Under: Strategies


About the Author: First found out about options in 1995.From the arcane magazine Exchange and Mart! First trade- a covered call on VOD in 1999. Made 10%,VOD almost doubled. That's when I realised I was not a good trader,and I was forgiven thanks to the amazing world of exchange traded options

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  1. contactamipro says:

    Wow! I never know one could even buy reviews of systems…

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