I asked before but looks like it disappeared and so reposting the question. I watched the workshop through the above link. I saw the discounted offer presented at the end. Question: The training that was offered was done recently or created long time ago. Hope someone from SMB answers it before I buy it. Thanks.

Thanks for advice

You trade with Louise O'Brien too? Wow that woman has been a blessing to me and my family.

That woman has changed my life for good. I attended her investment class couple of weeks last year and she’s the best when it comes for Guidance.

I'm new at this, please how can I reach her?

I'm happy to see Louise O'Brien mentioned here, my husband recommended her to me when I was in Germany during Covid, she's amazing.

I was skeptical at first till I decided to try. It's huge returns is awesome. I can't say much

he’s mostly on Telegrams, using the user.

@R o n a l f x 2.

Sir Ronal’ has offered profits to investors who wish to recover losses including myself and it’s a great honor to be part of them 🥳

Thank you Ronal’ for your TA 💯. I’m excited how my trading is going so far. I’m on $1m challenge right now. Already earning $35k weekly

Ronal’ strategy has normalized winning trades for me and it’s a huge milestone for me looking back to how it all started.

You do know that your trading against the same organization that's giving you this advice right? 😮😂😢

😂

😀

Just inverse your trades😅

My trades are 95% backwards too. I really think about switching, but I'm afraid to. When all RSI, MACD, Bollinger and MA are saying uptrend, I buy and it goes down for the next 500 ponts, then consolidation for 3 days 😢

@SMBCapital834 Sorry, I'm not understaning?

I have a high opinion of SMB capital as well. However, I respectfully disagree that it's "unhelpful" to point out the drawbacks in what's being presented. The "negative" comments here are not on disputing the 90% win rate, it's that the market makers are normally not paying us enough in premium, to compensate us for the 10% we lose in these trades over the long run. If I win $1 in 9 trades, and lose $12 on the 10th, that is not a "wonderful strategy" IMO. The only reason the strategy presented was a nice "winner" was because the perfect time was cherry-picked to implement it, at the end of 2022 with a year long bull run to follow. The magic was NOT in the strategy, it was in the 20/20 hindsight as to what the market did for that one year period! I think Seth would agree with that to be honest. Pointing that out is not being "unhelpful", I think on the contrary it's being quite "helpful" to point out to newer traders that they need to understand the reality of things. And the reality is, market makers are NOT in the habit of overpaying us for credit spreads we sell, they underpay us, that's how they make THEIR money! So the truth is, you have a have a real "edge" to make money, and 20/20 hindsight is NOT an edge, it's wishful thinking. We could have easily had a "thesis" that the middle of 2022 was "the bottom" and lost our shirts with this strategy. Or the market could have bounced the first few months of 2023, and then rolled over again, and again, given us a full and painful loss. So it's no use pretending, as the demo optimistically did, that we can simply predict, in advance, that we are in for a year long bullish market.. And if the market maker is underpaying us for our credit spreads, then I don't see how that's a very wise bet to take, since we can't predict the future, unless we have some other another actual "edge" (other than hindsight), to overcome that typical underpayment of premium by the market makers.

@@WorldSpectator705 Ok, I'll concede you have a point. Perhaps it would have been more "complete" for the video to clarify that the "90% win rate" is not a strategy in an of itself, but must be combined with an exit strategy to limit the 10% of losses to something far less than the max. For example, if the premium for 1 contract is 33 cents (for selling a 10-wide put credit spread), then the expectancy formula = # wins * avg win/trade - # losses * avg loss/trade = 9 * .33 - 1 * 9.67 = -6.7; in other words, a LOSS of $6700 with 10 contracts. However, by mitigating those losses with, say, a 3x credit premium strategy, e.g. exit with a Buy-to-close order when the price of the spread rises to 3x the initial credit premium, that could change the expectancy formjula such that you're in nicely positive territory.

never believe 100% in course sellers.

Was looking for this comment, never a free lunch

Exactly!

You are on the right track, but you have missed something. You have the max loss right but there can be various outcomes when the closing price falls between the short put and the long put. The bottom line is that, thanks to the efficient market, the expected return over the long run is zero.

Appealling for the high win rate--I am sure in the cases when the trade goes against the position can be mitigated. Just tried to conduct this trade on TradeStation as a strategy test, unfortunately did not have the $200k+ available funds to execute a $2,355 max loss trade for a $220 credit. Maybe just need more permissions (higher account trade level)?

This is essentially what I planned to comment but you beat me!

I commented before here but I don't see it now

I assume the pros know how to minimize the loss.

I was just having the same thought

You need to compare the premium Credits and compare to the max loss, you can also use a stop loss. You need to understand some technical analysis for this to work.

You shoud stop loss at like -500$ and not wait for -4700$

Stop losses.

Exactly right. We are being underpaid for the risk we're taking on the credit spread. This focus on "high win rate" is frankly very deceptive and I'm a little surprised that true professionals like SMB would be pushing that nonsense. I think they know better. I'm sure they evaluate their own traders using their trading "profit factor" (ratio of wins versus losses) and NOT their "win rate".

@@WorldSpectator705 Yeah but if they think they can get more views using win rate than profit factor....

Yep...

Well, it's actually worse than that. Even if you have the capital to trade this so-called strategy month-after-month for years, you're being underpaid by the market maker for each 90% winner, so your 10% losers are larger in dollar terms than the sum of your 90% winners. It's a losing strategy in the long run, UNLESS you have some other 'edge' to selectively use it, and I don't mean 20/20 hindsight, which is the "edge' Seth uses in this video.

@@WorldSpectator705, agreed. Again, trade and risk management is the key here. I wish Seth would stop making these misleading videos. It's disservice to all the novice traders watching these clips.

Just buy

problem with that weekly spread is that the credit received from a 10 delta (mentioned in video) will be a joke due to the minimal extrinsic value . $50 credit $400 +loss if breached type of a scenario .At least with spy qqq s etc .

It is fraud

You have to apply for approval to trade options. And there are different levels of approvals required for different types of options trades. For example a lower level of approval is required to trade covered calls, than to trade spreads as with selling credit spreads. You probably also have a "margin" account I believe. Call your broker or hunt on their website for someplace that allows you to ask for approval to trade options, and again, for this strategy, you need the approval level required to trade "spreads", so that's what you need to apply for.

You win $330, but you are risking almost $5,000

Read the book, Reminiscences of a Stock Operator. In one chapter he refers to one institutional trader as a "Robin Hood" who thinks he's being a hero for taking money from retailers and distributing it to his trader friends. EVERYONE should read that book. Robinhood is telling you in their name who they are.