FrankGr
5 posts
msg #131186
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9/15/2016 5:18:57 PM
Hey Dash, I like the way greatwiseoz's portfolio looks...for most of this year at least. I'm having a bit of trouble figuring out what happened in previous years. Do you follow his calls and get similar results? Certainly looks better than what I've been doing! Also, the site never mentions email, just text -- can he also send out emails?
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dashover
229 posts
msg #131189
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modified |
9/15/2016 6:24:32 PM
Oz is a personal friend for the last 5 years and he is super disciplined and simply better than me.
He has done very well trading and he's been in the game since 1968..
His profitable trade percentage has hovered around 55%.
I don't take every trade but I like to jump on when I see he's been wrong the last few in a row or if I can get a much better fill than him. So I try to game his approach..
This year he has been disciplined to record every trade; win or lose...
In years past he didn't keep the spreadsheet current.
It's a huge chore, but I can't think of many guys that show EVERY trade, or show accurate fills.
They many times only show their winners or lowball entries etc..
He has taught to sell at a loss rather than to ride it down to zero, which I did for years.
He sends emails with each trade, writes a recap most nights and emails a weekly report.
He is a genuine good guy.
That's why I run the site for him.
I'm telling him to lower the monthly fee by 40% too.
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FrankGr
5 posts
msg #131190
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9/15/2016 6:55:06 PM
That all sounds good, Dash. If he takes you up on your suggestion about reducing the price I'll be the first to jump on that! You can tell him I said so. Seems like good timing, now that we're coming out of the summer market rut. I'll be watching...
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c1916
77 posts
msg #131194
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9/15/2016 10:21:28 PM
I've got his site on my daily review list and have paper traded based on the information as it appears on the free site. I usually make a call on whether I've completely missed the boat and prices have moved too much between his buy in and his post or whether I can get in at (or near, or better than) his price before booking the paper trade. Results have been relatively positive. Although I've not pulled the trigger on any actual trades based on his advice, I'd be interested in giving the pay service a shot in my spec account as well at a considerably lower price.
BTW...I noticed long ago that the 2014 and 2015 results do not appear to be complete/verifiable, similar to the earlier comment.
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FrankGr
5 posts
msg #131216
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9/16/2016 2:45:00 PM
All right, just checked and the Great Wise Oz followed your advice for the price reduction! Thanks, Dash, I'm going to give it a good try.
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FrankGr
5 posts
msg #131226
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modified |
9/16/2016 8:14:13 PM
It concerns me that Charles Moskowitz was once known as paid penny stock pump-and-dump promoter. There's no mention anywhere that I can find of him working with options, other than the apparently now defunct Moskowitz Report..
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dashover
229 posts
msg #131227
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modified |
9/16/2016 9:12:26 PM
If building a refreshed website that tracks all open and closed positions that will be unavailable to old subscribers is a fraud, than I guess I am a fraud?
A service that costs $1 a day more than the old site...
After subscribing to 10+ option newsletters over the years and letting every subscription lapse, I set out to try and provide a better approach and it takes daily work.
It was all about tracking every position which the old website did not do, and old subscribers won't have access to.
Options trading is a difficult exploit, you can easily get a run of 3-10 trades in a row that go against
you, so it's easy to get disheartened.
But I've seen solid progress over the last few years, and so I continue...
Dash
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gmg733
788 posts
msg #131244
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9/17/2016 9:53:37 PM
My opinion is to never pay for trade reports and etc. I'm not saying everyone is a scam but most are and don't know how to trade. The best trading advice I've gotten is free.
I read these techniques of traders and these folks must not trade them because there is now way for them to make money. A lot of pay stuff is for how to trade but not what you trade or how to manage the trade. If you've perfected and entry that is awesome. But when do you get out? No one ever tells you this.
There is good content out there. And it's free.
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gmg733
788 posts
msg #133476
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1/2/2017 8:39:03 PM
Great job dashover!
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