We get students asking us about money shows, are they good? I like Money Shows when they come to town, But BEWARE its a Circus! A lot of neat things and tons of free stuff there. Its like being in a toy store.

#1 Problem

BEWARE!! 99% of the vendors there and anyone selling anything DO NOT TRADE AT ALL, or FAILED. peroid.
I love going around and filtering out the true pro’s from cons.. When me and my team question them like we don’t know anything they talk to much and their ignorance spills out and You can see great lies and sweat as they try to answer snake trap questions.

Biggest problem is the free stuff are just tools without a System… and systems work not tools.
THEY FAILED AND are now making $$ selling crap that does Not work for them.
I love to put them throgh the Traders litmus test to see if they are the real deal.
Ask questions like:

– How many years have they worked at the money show? (the longer, the more they make selling than trading, I seen some there selling the same software for years, and same salesmen, what? shouldn’t they hire people to manage? and why haven’t they retired yet and make more from the software)
– Are they at the money show during Market hours (I manage a lot of $, no way would I not be in front of my computer during market hours, unless I made more selling stuff at the traveling show)
– Whats better selling Iron Condors on Indexes like SPX and Russell or iron Condors on The futures of S&p And Russell futures. (any pro option trader can answer that, or at least explain the difference, some so called brokers don’t even know, they shouldn’t call themselves a hedge fund manager if they cant explain)
– What pays better for ROI when a stock moves the OTM calls or the ITM calls??
– Do you have a trading system or a really good indicator? (system is the best answer)
– Show me the money, I want to see your results, winners and losers, NOT back testing results. Back testing never proves anything.
– Have you ever traded Carbon Futures? (ask this to futures traders, it doesn’t exist)
– Whats the difference between Portfolio Margin and Just a regular Margin acct? (option Traders who have been trading with more than 100k no this one)
– Is it better to exit a condor all legs at the same time or calls & puts separetly? ( big traders know you get better fills doing he calls and puts seperately)

Anyways, I spent many a times wlking thru trade shows and learned a lot. But I spent twice as much time Un-Learning & then Re-learning. Its fun but dangerous. I enjoy talking to the brokers though and the true traders who are guest speaking.

—

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis.  This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise.  Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products.  By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials.  In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.