Stock Trading Course, BetterTrades - Optionetics - Investools - Steve Nison

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Discussion in ' Options ' started by AlexJ , Mar 8, Log in or Sign up. In there were some venomous posts http: Any info would be appreciated - am a real newbie and their info sounded interesting, but trying to do my due diligence. Learning about options is demanding. You need to have a basic background and then work at it gradually. Retail traders especially new participants have very little chance of making money unless they take time to get their act together.

Do not waste your money. Instead, go to the bookstore and buy the latest edition of Larry McMillan's book "Options as a Strategic Investment". Take a few months and really learn the basics. You will never regret it.

If you do this, you will eventually get to the place where you can make intelligent choices as to where to go next. Otherwise you are at the mercy of every BS artist in the business and there are many.

No matter what, do not trade options until you have some basis for getting into the market. Lefty - appreciate your advise. Sounded like an awfully complicated subject to cover in just 2 days. Just ran across this letter at www.

I am seeking a refund of my money paid and i am seeking an order prohibiting Optionetics from practicing business in the United States. Jeanette Patton Refund Manager Shoreline Drive Redwood City, CA George optionetics. I am writing to seek a refund of my tuititon that I paid to attend the Optionetics seminar.

I attended a preview meeting on June 23, and the lecturer was Mr. I paid my tuition and I was planning on attending the July 6 and 7 workshop in Los Angeles. I called optionetics a few days later to clarify my understanding that after attending the two day seminar I would be proficient in your strategies to begin my new career as an options investor and begin earning very good rates of return on my money invested.

I was looking forward to attending the seminar and beginning my new career. On July 6, the first day of the seminar, the presenters spent the first hour welcoming old members and people under the age of eighteen. The representative implored me not to seek a refund, telling me that I can attend the workshops as frequently as I wanted and that I should give the workshop more time and that I would get a better understanding of what was being taught.

My inability to understand subsequent concepts was further impaired since the concepts previously taught built upon one another. On the second day of the workshop, my concerns were the same and the representatives I spoke with echoed the same comments that I heard the previous day.

I still had a difficult time understanding the material.

Algorithmic Trading

I then attended the workshop again on August 1 and 2 in Los Angeles, but again, I had a difficult time understanding the material being taught. After the second seminar, I called Optionetics and I was told that I needed to write a letter seeking a refund. The person told me that I should not have signed up for the course since the refund policy says that I need to complete a certain number of trades without success before being eligible for a refund.

Please send my refund to me. I know very little about options and nothing about Optionetics but Lefty is right on the money.

Most seminars are worthless, but 3K for a 2-day seminar is beyond outrageous. Man oh man, there oughta be a law.

These kinds of people are just scum, the dregs of the earth, the definition of snakeoil salesmen, preying on the naive and hopeful.

They deserve nothing but the deepest contempt. They should just be taken out and shot. I used to trade options and teach option trading so I can tell you that only way to trade options profitably is to be able to time the underlying.

Stock Trading Course, BetterTrades - Optionetics - Investools - Steve Nison

My thanks to all of you who responded to my question Your guidance, experience and "pearls of wisdom" are sincerely appreciated. I'm bailing and heading to the bookstore!! You must log in or sign up to reply here.

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