Hi,Carl
If you don't think normal TA charting i.e. Bars or candlesticks is difficult then you will have no problem with PnF. It's much easier to interpret and simpler to understand. It's not as common as other methods but much less ambiguous. Like every thing else worthwhile takes some effort, but there is lots of free info available. If you wait until you master Iron Condors you may be waiting a long time, just joking! The course covers a few different trade set-ups including Credit Spreads and Iron Condors, there is a large amount of detail but you can bypass a lot of it initially and add it as your knowledge grows. It is probably advantagous that you have not developed any "undoable" habits - make it easier to learn some of the methods presented. Hope that helps...
Stan
--- In OptionClub@yahoogro
>
> Hey Stan:
>
> Thanks for sharing this interesting website with us. Looks very interesting but I have a question for you. I am fairly new at trading options - about 6 months experience mainly directional trades with puts and calls and some time decay plays with vertical spreads. How complex is the material given my relative lack of experience? Should I focus on mastering Iron condors, calendars etc before attempting this. Don't have much experience with P&F charting either. I'm not asking you to decide for me, just want to get a feel of the level of complexity involved. Wd appreciate any feedback you can give me.
>
> Thanks
>
> Carl M
>
> --- In OptionClub@yahoogro
> >
> > Hi
> > He has information about setting alerts, etc,
> > Here is an example from one of his spread sheets [Iron Condor].
> > <<----------
> > MARK At or Below = set Credit to 70% of original Credit sold (Credit dropped by 30%)
> > MARK At or Below = set Credit to 40% of original Credit sold (Credit dropped by 60%). Scale-off 1/2 to 2/3, to lock in Profit.
> > MARK At or Below = set Credit to 20% of original Credit sold (Credit dropped by 80%). Exit entirely.
> > IMPL VOL At or Below = 50% measured IV drop from the IMPL VOL on date the order was filled
> > IMPL VOL At or Below = 75% measured IV drop from the IMPL VOL on date the order was filled. Scale-off 1/2 to 2/3 for Profit.
> > IMPL VOL At or Below = 100% measured IV drop from the IMPL VOL on date the order was filled. Exit entirely.
> > <<----------
> > I cannot give you any more without violating his copyright. Hope that is helpful. These alerts are all on the Profit side but he has them on the loss side as well.
> > Sample...
> > <<----------
> > MARK At or Above = set Credit to 125% of original Credit sold (Credit raised by 25%)
> > MARK At or Above = set Credit to 150% of original Credit sold (Credit raised by 50%). Exit entirely.
> >
> > IMPL VOL At or Above = 25% measured IV rise from the IMPL VOL on date the order was filled
> > IMPL VOL At or Below = 50% measured IV rise from the IMPL VOL on date the order was filled. Exit entirely.
> > <<----------
> > And of course he explains these in the video's. As for comparison to Dan Sheridan or Options Club that is a very personal preference so I will not comment on it.
> > Stan
> >
> >
> > --- In OptionClub@yahoogro
> > >
> > > Hi, I am interested as well.
> > >
> > > Stan since you viewed the videos, does it address adjustments ?... how does
> > > it compare to the
> > > information presented in this Options club or Dan Sheridan videos ?
> > >
> > > Thanks.
> > >
> > > On Sat, Mar 13, 2010 at 8:52 PM, Bill Fletcher <wnfletcher@
> > >
> > > >
> > > >
> > > > I just visited the site. The little I saw appeals to me. Very numbers
> > > > based; very analytical. Whether it actually words or nor …. Aye. There's
> > > > the rub!
> > > >
> > > >
> > > >
> > > > Anybody else have an opinion before I part with my hard-earned dollars?
> > > >
> > > >
> > > >
> > > > Bill
> > > >
> > > >
> > > >
> > > > *From:* OptionClub@yahoogro
> > > > Behalf Of *StanG
> > > > *Sent:* Saturday, March 13, 2010 1:11 PM
> > > > *To:* OptionClub@yahoogro
> > > > *Subject:* [TheOptionClub.
> > > >
> > > >
> > > >
> > > >
> > > >
> > > > Hi
> > > > If you are interested in Iron Condors/Credit Spreads and trading from home
> > > > visit:
> > > > http://www.homeopti
> > > > It's a very interesting site and the course [resonable cost] is very
> > > > complete and well presented.
> > > > Chris, you should try to get him to give a webinar on his method - he has
> > > > very good videos in his course but no documents covering his system. I have
> > > > his course but otherwise no affiliation with the site.
> > > > Have a good week-end...
> > > > Stan Graham
> > > >
> > > >
> > > >
> > >
> >
>
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