Guru Trade 7 Real Or Fake
Hasan Fogg
I must say that I don't like the word guru in general. One of my favorite quotes is "Our world needs less gurus and more teachers. Gurus are about helping themselves become successful-- Teachers are about helping others become successful."-- Joseph C. Kunz Jr.
It's a new year. Humans love to start it off with revamped plans and goals, several of which include making money in the financial markets. For the uninitiated, the Internet will make this an ultra-complex task, as marketers and salesmen disguised as experts will sell ads inundating every corner of the web, making it a real challenge to find high quality information, free of hype, BS and all sorts of manipulative techniques.
If you are new, if you still haven't suffered disappointment from countless trading newsletters and publications, this brief guide will help you spot fake options advisers. By the end, you will know how to effectively identify "the guru", a dangerous species always on the prowl, who may become a challenge to the health of your trading accounts.
Guru-like Symptoms
Detecting the fake options adviser is fine art. It will take the novice investor a while to learn it, especially because the rookie "Wants to believe". It's not hard to trick him. Humans desperately want to believe there is a way to make money with no or little risk. However, after a while, detecting the guru becomes second nature and his smell easily detectable by a mile.
A covered call is an options trading strategy where an investor holds a long position in an asset (most usually an equity) and sells call options on that same asset. This strategy can generate additional income from the premium received for selling the call options.
Trading options on the S&P 500 is a popular way to make money on the index. There are several ways traders use this index, but two of the most popular are to trade options on SPX or SPY. One key difference between the two is that SPX options are based on the index, while SPY options are based on an exchange-traded fund (ETF) that tracks the index.
There are many trading quotes from different traders/investors, but this one is one of my favorites: In trading/investing it's not about how much you make, but how much you don't lose" - Bernard Baruch. At SteadyOptions, this has been one of our major goals in the last 12 years.
A 1x2 ratio spread with call options is created by selling one lower-strike call and buying two higher-strike calls. This strategy can be established for either a net credit or for a net debit, depending on the time to expiration, the percentage distance between the strike prices and the level of volatility.
A backspread is very bullish or very bearish strategy used to trade direction; ie a trader is betting that a stock will move quickly in one direction. Call Backspreads are used for trading up moves; put backspreads for down moves.
A long put option strategy is the purchase of a put option in the expectation of the underlying stock falling. It is Delta negative, Vega positive and Theta negative strategy. A long put is a single-leg, risk-defined, bearish options strategy. Buying a put option is a levered alternative to selling shares of stock short.
THank you for posting the "Fake Guru " Article. A few ideas i hope move the ball. I think its productive to migrate away from the idea of a guru towards the idea of seeking out a good coach / mentor. A good coach / mentor is a teacher. Its a person there to listen with empathy and suggest techniques to improve. The worth of a mentor / teacher is measured by how well they help YOU improve as a trader; NOT to demonstrate that they themselves are good at trading. An example might be if you wanted to become a better basketball player. Would you like Micheal Jordan, one of the best to ever play the game, to be your coach, or Phil Jackson, a journeyman player but a master at getting the most out of his players by achieving a psychological edge? THe best teachers and coaches in the world are certainly competent in their profession but are far from the elite in their field. THe skill set for one doesnt have anything to do with the skill set for the other.
In my work, I see Traders that use the trading results of the mentor as a litmus test to determine if a would be mentor / coach is worth listening to. THats why both posting results or not posting results are questioned. To them i ask, what do my trading results have to do with me helping you improve YOUR trading results? There are at least 1000 ways to make consistent money in the markets. how come so few people achieve LT success? 90% of trading failure stems from operator error rooted in the psychological, not for lack of a good system / trading strategy. Market Wizards have not mastered the markets, but rather, mastered themselves. THat is the true task of the aspiring trader. So get our the mirror and start working on your self. If you get stuck, search for someone who can help you power through the tough stuff.
Psychology is #1 factor in trading/investing. This is why so many people lose money in the stock market. They buy at the top, sell at the bottom and are not ready for inevitable drawdowns. I see it every day when some members expect us to be an ATM machine and quit after just couple bad trades.
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Disclaimer: We do not offer investment advice. We are not investment advisors. The information contained herein should not be construed as an investment advice and should not be considered as a solicitation to buy or sell securities
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With the rise of online trading platforms, it's natural to have questions about their legitimacy and reliability. Olymp Trade is one such platform that has gained popularity in India and worldwide. In this article, we will dive into the details to determine if Olymp Trade is real or fake in India. We will explore its legality, safety measures, user experiences, and more. So let's get started!
Olymp Trade operates under international financial law and strictly adheres to regulatory standards. The platform is regulated by the International Financial Commission (IFC) and ensures transparent and fair trading practices. The IFC provides a regulatory framework for financial services providers to maintain trust and protect the interests of traders.
Furthermore, Olymp Trade holds Category A membership with the International Financial Commission, which signifies the highest level of protection available. This membership ensures that clients' funds are segregated from the company's operational finances, providing an additional layer of security.
When considering the legitimacy of any online trading platform, it's crucial to assess user experiences and the overall reputation of the company. Olymp Trade has been in operation since 2014 and has amassed millions of users globally, including India. The platform has a dedicated and satisfied user base, which speaks volumes about its authenticity.
Additionally, Olymp Trade has received recognition and numerous awards for its trading platform's usability, educational resources, and customer support. These accolades further contribute to its credibility and trustworthiness.
Ensuring the safety of user data and funds is a fundamental aspect when assessing the authenticity of any trading platform. Olymp Trade takes this matter seriously and implements robust security measures to protect its users.
The platform employs SSL encryption to safeguard personal and financial information, ensuring that sensitive data remains confidential. Additionally, Olymp Trade's servers are located in secure data centers, further enhancing the protection of user data.
When it comes to online trading, safety is paramount. Traders want to ensure that their investments are secure and that they can access their funds without any complications. Let's explore the safety measures provided by Olymp Trade in 2023.
Olymp Trade introduced the Trading Safe Deposit Box as an additional layer of security for traders' funds. This feature allows users to store a portion of their profits in a separate account, protecting them from potential losses during trading activities.
With the Trading Safe Deposit Box, traders can allocate a predetermined percentage of their earnings to be transferred automatically to the safe deposit box. This ensures that a portion of the profits remains untouched and safe, even if market conditions become unfavorable.
Olymp Trade provides a safe environment for traders to invest their hard-earned money. The platform offers various asset classes, including currencies, commodities, cryptocurrencies, and more. Traders can choose from a wide range of options based on their risk appetite and investment preferences.
Furthermore, Olymp Trade's intuitive trading interface and educational resources empower traders with the knowledge needed to make informed decisions. The platform also offers free demo accounts for beginners to practice trading strategies without risking real funds.
To ensure a safe trading experience, Olymp Trade implements several security measures. User accounts are protected by two-factor authentication (2FA), adding an extra layer of security during login. Additionally, the platform uses advanced anti-fraud algorithms to detect and prevent any suspicious activities.
It's worth mentioning that while Olymp Trade provides a secure trading environment, users should also follow best practices for online security. This includes using strong passwords, avoiding sharing personal information, and regularly updating devices and software.
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