My name is Dale Wheatley, founder of The Options Hunter options trading strategy.
I used to be a contractor who traveled around the country helping the telephone companies with their excess needs that they could not handle in-house. As with any type of contract work, it was inconsistent. It was difficult to budget my money not knowing what my income or expenses would be. I needed an investment that would allow for my traveling so I went to all of the typical Real Estate seminars, but I did not really have any interest in becoming a landlord or managing properties. I turned to stocks.
I had played in the stock market in my 20s but didn’t understand it. After deciding to educate me on stock trading.
I read how options offered limited risk and unlimited potential for gains and this appealed to me.
To learn about when to trade, I read many technical analysis books and spent over $500 a month just for quotes and charts. I also plotted many charts by hand. Years later, I discovered AIQ and bought two of the AIQ programs, TradingExpert and OptionExpert. Still, all I did was spend money with no return to show for it.
It was not until I sat down and examined my winning and losing trades, comparing them to the charts and indicators, that I finally began to discover the value in one particular indicator, the MACD. I knew that when one line crossed the other it meant to buy or sell, but that did not work well or consistently, both requirements for trading options, since they are wasting assets.
By examining divergences in the MACD indicator, however, one could tell when a stock was ready to change direction with a great degree of reliability.
I concentrated on perfecting my entry and exit strategy using this indicator, but incorporated various indicator time frames. This was a process which I had never seen done before.
Options offer incredible potential that stocks can never give us. Plus chart patterns develop clearly enough to see definite direction changes that will produce returns in excess of 1,000% in hours, days, or weeks depending on the strength of the pattern relative to the price.
Besides, I don’t want to ‘own’ anything! I just want to make money to do the things I want, when I want.
I began teaching others when some investors asked me to explain my trading style and ever since then I have been talking about my discovery to everyone I meet. I have taught people around the world, some that I met on airplanes in the seat next to me and in other casual situations. I enjoy showing people extraordinary possibilities! I just wish someone would have taught me in the beginning how to avoid the pain of investing but, as the saying goes, ‘The harder the conflict, the more glorious the triumph. What we achieve too easily, we esteem too lightly.’
Now I’ve formalized my trading strategy into three webinar, video and tweet delivered trading education service; SNIPER, SHARP SHOOTER and BIG GAME. You can find out more by clicking on the Premium Services tab at the top of the page. I learned that the separation between rich and poor is because rich people continue to do the things that produced their wealth and poor people continue to do the things that created their poverty. It is a choice each of us makes.
I am determined to make smart choices to achieve financial and personal growth and I want to help others be successful.
People all need to look hard at their beliefs before expecting to become successful options traders, or succeeding with anything in life.