You are seriously wagering 5k on ultra short term options?
Just a terrible idea..I hope you keep at it but for sure the shorter the duration the greater the house vig and the higher the chance you will bust out.
I wish I could strike out my whole initial response. It's been a long day buddy. I know your criticism was meant to be constructive and although I absolutely disagree with your opinion - my response was out of line
Quote Originally Posted by wallstreetcappers:
You are seriously wagering 5k on ultra short term options?
Just a terrible idea..I hope you keep at it but for sure the shorter the duration the greater the house vig and the higher the chance you will bust out.
I wish I could strike out my whole initial response. It's been a long day buddy. I know your criticism was meant to be constructive and although I absolutely disagree with your opinion - my response was out of line
After rereading your comment - you can strike out my last comment as I understand you simply are worried I will go bust and not wishing it. My bad. Apologies
Thats correct..and I am worried that you are influencing people here who have no understanding or concept about how to be successful.
Quote Originally Posted by SportsMavin:
After rereading your comment - you can strike out my last comment as I understand you simply are worried I will go bust and not wishing it. My bad. Apologies
Thats correct..and I am worried that you are influencing people here who have no understanding or concept about how to be successful.
Thats correct..and I am worried that you are influencing people here who have no understanding or concept about how to be successful.
Ok, this conversation is becoming interesting. So, after all, my intuition was right. You're taking up the role of righteous person who knows who is who and is worried about people.... That also can be interpreted easily that you think so called "people" aren't intelligently "gifted" as yourself. Or that you have a higher moral grounds than myself? The people you're talking about are my friends and we spend more time on my thread on NBA forum than we spend with our families. We all are treating each other with respect and trust each other to as high a level you can trust and respect you never actually met. I am not "influencing" no one as I don't think - contrary ton you - that people who visit Covers and participate in the forums are "stupid". It is a very shame that you can even entertain for a second such patronizing attitude towards the visitors of this great site which I always treat by with respect and call on every visitor of my long thread in NBA forum to do so.
Only thing I do is sharing my knowledge and helping when and where called to do so. By going over your recent comments - I do not see that you invested much effort in doing the same but rather always portrayed yourself as an elitist person who likes people to stay where they are so the wealthy can keep their wealth without lower classes getting even a shot at it. And now, once you identified an attempt to do so - you loyally came to to call what I do over here a negative thing as influencing people to earn some extra monthly income?
Look buddy. As I said - I can share with you my portfolio to show how and what I am doing and that is exactly what I'm intending to share with my friends on Covers. If you want to go further - you can look me up on FB and may be you'll come to understand that I do not come from less elitist foreground than yourself. But the difference is that I am willing to take a step into the direction of creating some equality.
Quote Originally Posted by wallstreetcappers:
Thats correct..and I am worried that you are influencing people here who have no understanding or concept about how to be successful.
Ok, this conversation is becoming interesting. So, after all, my intuition was right. You're taking up the role of righteous person who knows who is who and is worried about people.... That also can be interpreted easily that you think so called "people" aren't intelligently "gifted" as yourself. Or that you have a higher moral grounds than myself? The people you're talking about are my friends and we spend more time on my thread on NBA forum than we spend with our families. We all are treating each other with respect and trust each other to as high a level you can trust and respect you never actually met. I am not "influencing" no one as I don't think - contrary ton you - that people who visit Covers and participate in the forums are "stupid". It is a very shame that you can even entertain for a second such patronizing attitude towards the visitors of this great site which I always treat by with respect and call on every visitor of my long thread in NBA forum to do so.
Only thing I do is sharing my knowledge and helping when and where called to do so. By going over your recent comments - I do not see that you invested much effort in doing the same but rather always portrayed yourself as an elitist person who likes people to stay where they are so the wealthy can keep their wealth without lower classes getting even a shot at it. And now, once you identified an attempt to do so - you loyally came to to call what I do over here a negative thing as influencing people to earn some extra monthly income?
Look buddy. As I said - I can share with you my portfolio to show how and what I am doing and that is exactly what I'm intending to share with my friends on Covers. If you want to go further - you can look me up on FB and may be you'll come to understand that I do not come from less elitist foreground than yourself. But the difference is that I am willing to take a step into the direction of creating some equality.
Actually this investment forum has been around a very long time and most of us look out for each other.
Your comment in the last post shows you have not remotely looked at the content of this forum.
I am concerned that you throw around numbers and returns like this and people are going to follow and think they can replicate it..which as you SHOULD know most will not be successful doing this.
There are a few members here who are protective of this area and content posted and I am one of those people.
I hope you do awesome, I just want you to be more cautious and talk about the concepts more and take it slowly.
Actually this investment forum has been around a very long time and most of us look out for each other.
Your comment in the last post shows you have not remotely looked at the content of this forum.
I am concerned that you throw around numbers and returns like this and people are going to follow and think they can replicate it..which as you SHOULD know most will not be successful doing this.
There are a few members here who are protective of this area and content posted and I am one of those people.
I hope you do awesome, I just want you to be more cautious and talk about the concepts more and take it slowly.
Actually this investment forum has been around a very long time and most of us look out for each other.
Your comment in the last post shows you have not remotely looked at the content of this forum.
I am concerned that you throw around numbers and returns like this and people are going to follow and think they can replicate it..which as you SHOULD know most will not be successful doing this.
There are a few members here who are protective of this area and content posted and I am one of those people.
I hope you do awesome, I just want you to be more cautious and talk about the concepts more and take it slowly.
I frequent this section a lot and sometimes post some comments when due. I am a big cave fun and follow the threads created by him/her. If you read through my posts - I always urge people to learn the subject before making any move and I am ready to assist every each one of them in taking first steps in creating that extra monthly income I've been talking about. Those who already have taken that step are a testimony how successful those first steps have been. I am here to help and never rid myself of responsibility to guide them through the initial steps of trading binary options.
I never throw around the numbers and although I was asked to start this thread repeatedly for few weeks now (on NBA thread) - I only felt that the right time was now and for a reason. I actually am showing my numbers modestly. The worries you have - I share too. You can be assured of that. I am operating cautiously understanding the weight my each word and action can have. But I've been doing that almost throughout all of my adult life so there is nothing new under the sun.
On a final note - your last sentence is the one I like very much and that is the direction.
Quote Originally Posted by wallstreetcappers:
Actually this investment forum has been around a very long time and most of us look out for each other.
Your comment in the last post shows you have not remotely looked at the content of this forum.
I am concerned that you throw around numbers and returns like this and people are going to follow and think they can replicate it..which as you SHOULD know most will not be successful doing this.
There are a few members here who are protective of this area and content posted and I am one of those people.
I hope you do awesome, I just want you to be more cautious and talk about the concepts more and take it slowly.
I frequent this section a lot and sometimes post some comments when due. I am a big cave fun and follow the threads created by him/her. If you read through my posts - I always urge people to learn the subject before making any move and I am ready to assist every each one of them in taking first steps in creating that extra monthly income I've been talking about. Those who already have taken that step are a testimony how successful those first steps have been. I am here to help and never rid myself of responsibility to guide them through the initial steps of trading binary options.
I never throw around the numbers and although I was asked to start this thread repeatedly for few weeks now (on NBA thread) - I only felt that the right time was now and for a reason. I actually am showing my numbers modestly. The worries you have - I share too. You can be assured of that. I am operating cautiously understanding the weight my each word and action can have. But I've been doing that almost throughout all of my adult life so there is nothing new under the sun.
On a final note - your last sentence is the one I like very much and that is the direction.
Sportsmavin.......first off thanks for starting this thread it should be a very interesting one to follow. I have a few questions on your trading style, your past performance and things such as what triggers your buys and sells with binary options. I do know how these types of options work. I agree with what you wrote in your blog that certain types of trading, can be more profitable than sports gambling for the exact reasons you stated. Please accept me as a friend so that I can PM you. I would also like to ask questions and make comments here in the thread so that other cover brothers can learn and comment and to politely correct each other when we don't quite understand something. Again thanks for this thread and sharing your trading philosophy with us.
1iron
Sportsmavin.......first off thanks for starting this thread it should be a very interesting one to follow. I have a few questions on your trading style, your past performance and things such as what triggers your buys and sells with binary options. I do know how these types of options work. I agree with what you wrote in your blog that certain types of trading, can be more profitable than sports gambling for the exact reasons you stated. Please accept me as a friend so that I can PM you. I would also like to ask questions and make comments here in the thread so that other cover brothers can learn and comment and to politely correct each other when we don't quite understand something. Again thanks for this thread and sharing your trading philosophy with us.
Mavin......I cant seem to find where you posted that you were taking a position on this 5000$ 8hr call option. I see where you called out all your other entries but not this one. Was just wondering if there is other place or thread where you call out your entries? Anyways it was a good call and congrats, nice hit.
Quote Originally Posted by SportsMavin:
591312
$ 5000
OIL
08:01 11/02/13
95.5190
16:00 11/02/13
96.9850
$ 8650.00
Mavin......I cant seem to find where you posted that you were taking a position on this 5000$ 8hr call option. I see where you called out all your other entries but not this one. Was just wondering if there is other place or thread where you call out your entries? Anyways it was a good call and congrats, nice hit.
Mavin......I cant seem to find where you posted that you were taking a position on this 5000$ 8hr call option. I see where you called out all your other entries but not this one. Was just wondering if there is other place or thread where you call out your entries? Anyways it was a good call and congrats, nice hit.
That one was PMed to those followers who already have an account and follow my signals. I did not want to trigger a 5000$ investment for those who have no experience.. I do agree with Wallstreetcappers on that issue that the things have to be taken easily and slowly through learning process and signalling it publicly seemed to me a bit out of place. I will stick to signalling for those who are already a registered traders with optionrally to be syncronized. I will signal 500$ positions, but larger ones will be PMed. At least that is how I regard the issue as of now.
Quote Originally Posted by 1IRON:
Mavin......I cant seem to find where you posted that you were taking a position on this 5000$ 8hr call option. I see where you called out all your other entries but not this one. Was just wondering if there is other place or thread where you call out your entries? Anyways it was a good call and congrats, nice hit.
That one was PMed to those followers who already have an account and follow my signals. I did not want to trigger a 5000$ investment for those who have no experience.. I do agree with Wallstreetcappers on that issue that the things have to be taken easily and slowly through learning process and signalling it publicly seemed to me a bit out of place. I will stick to signalling for those who are already a registered traders with optionrally to be syncronized. I will signal 500$ positions, but larger ones will be PMed. At least that is how I regard the issue as of now.
That one was PMed to those followers who already have an account and follow my signals. I did not want to trigger a 5000$ investment for those who have no experience.. I do agree with Wallstreetcappers on that issue that the things have to be taken easily and slowly through learning process and signalling it publicly seemed to me a bit out of place. I will stick to signalling for those who are already a registered traders with optionrally to be syncronized. I will signal 500$ positions, but larger ones will be PMed. At least that is how I regard the issue as of now.
Thanks Mavin for all you do brother. It is highly appreciated. I think it's a time and good idea to have a twitter account so your signals can reach us in a timely and alertive manner. I think you're long enough on covers for people to realize you're not a tout to be especiailly after turning down the offers for donations (that gained my trust and respect for the way you answered it on MNA forum). Therefore twitter account will be received with understanding IMO. If anyone has anything against - speak now!
Quote Originally Posted by SportsMavin:
That one was PMed to those followers who already have an account and follow my signals. I did not want to trigger a 5000$ investment for those who have no experience.. I do agree with Wallstreetcappers on that issue that the things have to be taken easily and slowly through learning process and signalling it publicly seemed to me a bit out of place. I will stick to signalling for those who are already a registered traders with optionrally to be syncronized. I will signal 500$ positions, but larger ones will be PMed. At least that is how I regard the issue as of now.
Thanks Mavin for all you do brother. It is highly appreciated. I think it's a time and good idea to have a twitter account so your signals can reach us in a timely and alertive manner. I think you're long enough on covers for people to realize you're not a tout to be especiailly after turning down the offers for donations (that gained my trust and respect for the way you answered it on MNA forum). Therefore twitter account will be received with understanding IMO. If anyone has anything against - speak now!
OK guys. Enough of a chit chat - lets get down to business. I'm studying the options behavior now and I will elaborate on the subject while doing that. I am beginning by learning the charts first of all looking for upper and lower boundaries.
OK guys. Enough of a chit chat - lets get down to business. I'm studying the options behavior now and I will elaborate on the subject while doing that. I am beginning by learning the charts first of all looking for upper and lower boundaries.
That one was PMed to those followers who already have an account and follow my signals. I did not want to trigger a 5000$ investment for those who have no experience.. I do agree with Wallstreetcappers on that issue that the things have to be taken easily and slowly through learning process and signalling it publicly seemed to me a bit out of place. I will stick to signalling for those who are already a registered traders with optionrally to be syncronized. I will signal 500$ positions, but larger ones will be PMed. At least that is how I regard the issue as of now.
Thx for the reply.......kinda thought that was the case. As for the rest of your post it is dead on.
Its sad that most on here cant join with you at Optionsrally, as you probably know they dont accept US customers. They also have very good reviews, especially with their customer service, as you have stated. They flat out provide services that others do not.
From what I can tell on google search there are maybe 5 or so binary brokers that accept US customers.
Quote Originally Posted by SportsMavin:
That one was PMed to those followers who already have an account and follow my signals. I did not want to trigger a 5000$ investment for those who have no experience.. I do agree with Wallstreetcappers on that issue that the things have to be taken easily and slowly through learning process and signalling it publicly seemed to me a bit out of place. I will stick to signalling for those who are already a registered traders with optionrally to be syncronized. I will signal 500$ positions, but larger ones will be PMed. At least that is how I regard the issue as of now.
Thx for the reply.......kinda thought that was the case. As for the rest of your post it is dead on.
Its sad that most on here cant join with you at Optionsrally, as you probably know they dont accept US customers. They also have very good reviews, especially with their customer service, as you have stated. They flat out provide services that others do not.
From what I can tell on google search there are maybe 5 or so binary brokers that accept US customers.
I'd be very careful with companies that accept US customers now. I am having a query if it is safe and with whom and will post it. You see - the problem is that at any moment US Govt can seize those companies funds as none of those who accept US residents cant be regulated. That means that your money could be at risk. I am running an enquiry on the subject and will keep all US residents posted
I'd be very careful with companies that accept US customers now. I am having a query if it is safe and with whom and will post it. You see - the problem is that at any moment US Govt can seize those companies funds as none of those who accept US residents cant be regulated. That means that your money could be at risk. I am running an enquiry on the subject and will keep all US residents posted
Took a day off to cool off yesterday's excitement and will get back at signaling tomorrow. I took very seriously Wallstreetcappers concerns that some might just jump at it themselves seeing all the profits and warn everyone to follow me at the beginning at least before mastering the system
Took a day off to cool off yesterday's excitement and will get back at signaling tomorrow. I took very seriously Wallstreetcappers concerns that some might just jump at it themselves seeing all the profits and warn everyone to follow me at the beginning at least before mastering the system
Took a day off to cool off yesterday's excitement and will get back at signaling tomorrow. I took very seriously Wallstreetcappers concerns that some might just jump at it themselves seeing all the profits and warn everyone to follow me at the beginning at least before mastering the system
That says even more about your discipline, and your reasonable and "healthy" approach to trading... That's the ONLY way to become successful!
You have my support!
GL buddy!
Quote Originally Posted by SportsMavin:
Took a day off to cool off yesterday's excitement and will get back at signaling tomorrow. I took very seriously Wallstreetcappers concerns that some might just jump at it themselves seeing all the profits and warn everyone to follow me at the beginning at least before mastering the system
That says even more about your discipline, and your reasonable and "healthy" approach to trading... That's the ONLY way to become successful!
IN order to understand the issues concerned with US residents opening accounts in "US friendly" companies who trade binary options - one has to understand that most sites who have an "info" are biased affiliates for the sites they say is safe to trade with despite being US residents. And there is no tax issue as they present it.
In May 2012 Cyprus decided to regulate Binary Options companies under CYSEC act and gave the parties 6 months to apply for the license. Those days all the companies who applied should have completed their move to Cyprus. Some of the companies who applied to be regulated still accept US residents (optionrally never did as they are very regulatory compliant) but will dropped them in a minute they will be granted the license as no one wants to deal with a Patriot Act implications. So, account holders will be in a position I would not wanna be. I am not saying they're not gonna receive their money back - but since they dealt with non regulator entities - they would not be able to fight for the rights either. So, I'd wait for a moth or two if I was a US citizen and will read hear what I came up with as I am inquiring right now if there any solution can be for you and doing it by talking directly to the company operators to see who is giving me reliable and viable answers. Everyone wants US residents but not by any cost to them or to you. I know it ios not fair and seems stupid - nevertheless it is a fact and I would never advise anyone to screw with the law of their own Govt. Patience will do it and easy will do it. Give me few weeks and I will have some answers for you
IN order to understand the issues concerned with US residents opening accounts in "US friendly" companies who trade binary options - one has to understand that most sites who have an "info" are biased affiliates for the sites they say is safe to trade with despite being US residents. And there is no tax issue as they present it.
In May 2012 Cyprus decided to regulate Binary Options companies under CYSEC act and gave the parties 6 months to apply for the license. Those days all the companies who applied should have completed their move to Cyprus. Some of the companies who applied to be regulated still accept US residents (optionrally never did as they are very regulatory compliant) but will dropped them in a minute they will be granted the license as no one wants to deal with a Patriot Act implications. So, account holders will be in a position I would not wanna be. I am not saying they're not gonna receive their money back - but since they dealt with non regulator entities - they would not be able to fight for the rights either. So, I'd wait for a moth or two if I was a US citizen and will read hear what I came up with as I am inquiring right now if there any solution can be for you and doing it by talking directly to the company operators to see who is giving me reliable and viable answers. Everyone wants US residents but not by any cost to them or to you. I know it ios not fair and seems stupid - nevertheless it is a fact and I would never advise anyone to screw with the law of their own Govt. Patience will do it and easy will do it. Give me few weeks and I will have some answers for you
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