Club 3000
Option Magic course - Bill James
I read about Ed Moore’s course and manual called The Rhythm of the Markets in Club 3000, first in 95.01 by Andrew Armour and then again in 95.09 by Charles Cochrane I then met Ed at a trading software seminar in Manhattan;and, after talking with him and other traders during the breaks,decided to buy the Rhythm manual. That was last October andin February I quit my job to trade on my own, full time. Over the last few years, I have spent a lot of spare time reading, studying charts and learning how to trade; and the success that I had with Ed’s methods gave me the confidence I needed to make the jump and trade full time.
Ed has recently written a new trading manual called OptionMagic that focuses on short-term OEX option trades and I recommend the new manual and course as much, if not more, than the first one. The manual was published only a few weeks ago and although some of the basic market analysis tools are the same as in the Rhythm book, it is not simply an add-on or a rehash of Rhythm. Compared to the daytrading of S&P futures taught in Rhythm, the new option method trades are short-term position trades. The analysis is done on larger time-frame charts and you are looking to catch bigger moves.
Only long positions are taken, buying at-the-money puts or calls with the expectation that the OEX will move up if long calls or down if long puts. The method does not trade every day and it will work anytime throughout the option cycle, although the better reward/risk trades are found closer to expiration. The ultimate goal, bold that it is, is to earn multiples on your capital while keeping losses few and small. Good analysis and trade execution keeps losses few and good money management rules keep them small. The accuracy of the method is very high and the few money management losses are very small, compared to the trades which earn multiples on capital. The first real-time signal using the new method was a strong buy after the low on May 8. At expiration, a week and a half later, the OEX was up 37 points. OEX610 calls bought on May 8 at 6-1/2 went to 36, which means a ten lot cost of $6500, less than the margin for one S&P contract, went to $36,000. Even if one S&P contract was bought and held overnight for the same time period, the margin would be about twice the cost of the ten lot, the risk would be a lot greater and the potential profit only about $19,000 vs. about $29,000. The book shows many examples that are even more profitable than this one.
I highly recommend the new OptionMagic course. It is said that 90% of all option traders lose money, but the 10% who win do very well. I had never traded index options before; but after studying the course, I’m finding that I trade less often with much better returns. The ultimate goal of earning multiples on your trading capital in days/weeks time is not an overstatement. I have no financial connections with Ed, except as a student who bought his courses. I have developed, as many of his other students have, a good relationship with Ed and have found him to be an excellent teacher who believes that if it isn’t fun, you’re doing it wrong. (Bill James)
Club 3000
Kudos - John Perko
If you are an S&P day trader and are ready and willing to take your trading to another level, I would highly recommend that you give Ed Moore a call. A couple of years ago, Ed developed his Rhythm of the Markets trading course into a very understandable and comprehensive manual. I learned of Ed right here in Club 3000 from another satisfied client of his. I have always been generally a counter-trend type trader, using Fibonnacci and Elliott methods to trade, so when I spoke with Ed, it appeared that his techniques were quite similar to the manner in which I was trading. I ordered the course and Ed spent several telephone calls with me every day for a few weeks until I thoroughly understood the methodology.
Since that time, my trading has become consistently profitable and my confidence level is high each and every time I pull the trigger. Needless to say, and to make a long story short, after 16 years of practicing public accounting, on October 1, I sold my accounting practice in order to trade full time. Ed Moore and the Rhythm of the Markets trading course had a lot to do with it. I suggest that anyone who has the dream like I did to become a full-time trader contact Ed at 800 686-0833. And no, I am not connected with Ed, nor am I being compensated by him for writing this. By the way, Ed continues (nearly two years later) to phone me with any new ideas and techniques he comes across. Good trading!
Club 3000
Rhythm of the Markets - Matthew McCullough
I wanted to share my thoughts on Ed Moore and Rhythm of the markets. My remarks need to be prefaced. I am a novice trader (emphasis on novice). I have an engineering back-ground. I have a bachelor's from the university of California and a master's from Yale, both in chemical engineering. I have been in consulting for twelve years and became interested in the markets two years ago. Rather than go through my extensive learning curve, suffice it to say that I learned very quickly that no one else will make you rich and that money management and psychology are critical to the success to any trading system. In October of 1996, I requested information from a variety of vendors. I looked at mechanical systems as well as methodologies. I asked everyone for references. I called Ed Moore after reading hi ad in Futures. My initial impression of Ed was very good. He spent a great deal of time with me, discussing where I was at and what I would like to accomplish. Ed sent me a packet of information on both the S&P and Option Magic courses. Ed's information included an extensive number of references. One of these references was Bill James who had recently begun trading full time. Bill shared with me a number of resources, including Club 3000. Bill's assistance was invaluable. Ed's references were honest and credible I shared with Ed my concern that the course was too advanced for a beginning trader like myself. After lengthy discussion with Ed, my concerns were addressed and I ordered both courses. Ed also helped me in developing a reading list. I received the information and went into seclusion for three months. I had an easy job; my wife volunteered to watch our eight month old while I was at the library. I have found Ed's course to be excellent. The most useful aspects of the course for me are retracements, time-of-day, re-test/failures and channels. By far, the greatest material in the course comes from Ed himself. He is available during market hours. In a short phone call, Ed will quickly assess your read of the market and either confirm your trade or discuss with you why he disagrees. Ed has taught me the value of patience in waiting for a high probability trade. My criticisms of the course are limited and qualified by my novice status. Ed took me two readings of the course before I could begin to assimilate the material. The course is well written; it just took me a while to grasp some concepts as a novice. The material is self-guided; after you have finished reading the course, Ed discusses it with you. This may not be optimal if you learn best through direct instruction. Personally, I have found Ed to be an individual of the utmost integrity, brutally honest and extremely knowledgeable. I am satisfied with his course and feel that the course was right for me. I am very appreciative of all that Ed has taught me and of the patience he has with my extensive questions on daily market action. I have no connections with Ed Moore, except as a student. No one solicited this letter. My current focus is on my own trading psychology. I am continuing to try to hone my skills and improve. I am interested in hearing from other traders.
I can be reached by e-mail at m_c_mccullough@msn.com.