Radio 4 ‘s Money Box With Paul Lewis Today’s Show
http://www.bbc.co.uk/programmes/b0848blr#play
So, a sports betting arbitrage scam based in the Seychelles lost £27 million of smart people’s money. This included a successful property developer now filing for bankruptcy, and a stockbroker who lost £100k. Why does this not surprise me? The dumbest money is lost by the smartest people it seems.
Promises,Promises.
Once you start to look into investing and trading you will find a whole plethora of ‘interesting propositions’. This one apparently promised 2% per month. The reality is that the betting platforms are smarter than the smart people, and this type of trading gets closed down. Quick time.
How Smart is Smart?
As options traders we need a few brain cells, allied with a massive dose of common sense. We understand that education is key to successful trading. We trade a real market, no BS, no tax dodges (though you can trade options in a SIPP). We have access to the smartest minds in the market-derivatives traders. Everyone else appears either a number cruncher, or a chancer in my experience. The fund managers are forced to buy stocks, and typically buy at the top of the market. The Quants and HF trading systems have their moments. I prefer to believe the market is organic, flawed and hopelessly out of touch with the real economies. 
Proof, Evidence and Motivation
We have given you proof here of the reality of profitable options trading. We’ve shown real evidence of how simple strategies can work so well. Motivation is essential, and that is what will make you profitable month after month year after year.
So please forget all these types of schemes, get a good handle on options, your own way. And………breathe.
