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Posted by on August 8, 2006, 5:39 am
That most of the information you find is a waste of time.
I really don't mean to be blunt, but quite frankly I'm tired of
watching others get ripped off. As a matter of fact, I was ripped off
myself a couple of times before I managed to wade through all the
misinformation there is on this subject.
For example, since I started trading commodity options more than a
decade ago, I have (at times out of desperation) purchased option
systems and subscribed to newsletters that were WAY overpriced. To make
things worse, these "systems" lacked a unique trading style and were
simply rehashing common information... over and over again!
At one point in time, I spent $250 a month on a newsletter that taught
me how to spot 90% winners based on probability alone. It's not a bad
strategy. In fact probability trading in the options market is a great
strategy, if done correctly, but the problem is you didn't need his
service.
You can look at the Delta of an option to figure out the probability of
the trade. Too high a monthly charge and too simple a strategy.
http://commodity.sylera.com/trade.htm
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