Best Blackhat Forum

WHO IS THIS COURSE FOR? Main Audience and Key objectives


❑ Traded 1-2 years; but, unable to break even or results are random.
There is a clear need to progress towards consistent and profitable
results.



❑ Lost much, want to give up? Don't! Profitable trading from home is possible.



❑ Remove pattern confusion in time based charts (Candlesticks/Heikin
Ashi and OHLC) with Point and Figure charts; plus, Relative Strength
logic to target relevant Asset Classes.


❑ Independently validate the logic to Enter, Stay In-Play and Exit by
forecasting Implied Volatility specific to the spread type's Put versus
Call construction (or combined). Brain power over software crutches.


❑ Assess trading as a viable home business. Use a detailed home budget linked into the performance metrics of your portfolio.




HOW AND WHY ARE THE METHODS DIFFERENT FROM OTHER TECHNIQUES?


There are only 3 elements to hedge in an option's trade: Price, time in the form of Theta and Implied Volatility.


❑ The only way to remove Price Risk from any one specific traded
product is to trade multiple asset classes, beyond stocks. And the only
way to isolate Price separate from the noise of time - pure price
observation - is to use Point and Figure charts.


❑ Theta and Implied Volatility are not mutually exclusive. Theta,
either in the form of long decay in a debit spread; or, short premium in
a credit spread is the synthetic equivalent of Implied Volatility.
Conversely, IV is synthetic Theta.


Options cannot lose more than 1 day's worth of Theta as decay; or,
collect more than 1 day's worth of credit sold. But IV can rise by more
than one day's worth of Theta to wipe out the positive Theta collected
as credit premium. Just as IV can rise by more than one day's worth of
Theta decay to offset the negative Theta in a debit spread. Clearly,
there is a need to forecast Implied Volatility and its associated Skew.


The methods focus specifically on Index options, diversifying the asset
allocation of capital beyond Stocks, to include Currencies, Commodities,
Market Cap categories, Sectors and Geographies using Indexes/ETFs.



It is the only retail trading process that uniquely blends the Relative
Strength measure of Price (not the TA Indicator RSI) from Dorsey Wright,
to target the relevant asset class within a multi-asset class portfolio
to identify a probable trade; then, forecast Implied Volatility and
Skew using tools from iVolatility to stringently test a potential
trade's Theoretical Price and probability of profit versus its odds for a
loss, based on IV and Theta changes, in the ThinkorSwim platform.